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This document offers a concise overview of essential terms related to globalization, including concepts such as acculturation, assimilation, and the bretton woods conference. it's a valuable resource for students seeking a quick reference guide to key definitions and contextual information on significant historical events and economic theories impacting global interconnectedness. The definitions are brief but provide a solid foundation for further research and understanding of complex global issues.
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acculturation ✔✔change as a result of contact with other cultural groups
accommodation ✔✔...an inconclusive approach that allows religious or ethnic groups to maintain their distinctive cultures within mainstream society.
Assimilation ✔✔The absorption of a minority group into a dominant group
Beothuk ✔✔..., Before the arrival of fishing boasts from Europe, the Beothuk Indians, who probably spoke an Algonkian language, hunted and fished on the island of Newfoundland. Relations with fishers and settlers often resulted in conflicts, which confined the Beothuk to the inland. With access to coastal resources cut off and under attack by settlers, the Beothuk struggled to survive in the resource-poor interior. In 1829, the last of the Beothuk died.
Bretton Woods Conference ✔✔an agreement forged after the second world war in Bretton woods, new Hampshire, by 44 countries to establish a system of rules, institutions, and procedures for postwar global economy.
Capitolism ✔✔...an economic system for increasing individual wealth, requiring a relatively free market, open competition, the profit motive, and at least some private ownership of the means of production.
Collectivization ✔✔system in which private farms were eliminated, instead, the government owned all the land while the peasants worked on it.
Cultural contact ✔✔the interaction of diverse cultures and perspectives, which may result in changes in values, beliefs, and traditions.
Degraduation ✔✔...
Depopulation ✔✔the reduction of a population because of conflict, disease, loss of resources, cultural change, or assimilation.
Disparity ✔✔economic and social gaps among individuals, communities, or countries.
GNP ✔✔Gross National Product - the sum of all goods and services produced in a nation in a year
homogenization ✔✔A trend toward uniformity, as with world popular culture as a result of globalization.
Imperialism ✔✔An association between people that intentionally benefits one people over another, often by laying claim to territories inhabited by indigenous or non indigenous peoples, seizing land and resources through conflict and warfare, and imposing political control.
Industrial Revolution ✔✔the combination of social and economic changes brought about by the extensive use of machinery in production, especially in Great Britain in the 18th and 19th centuries.
Interconnected ✔✔...
Keynes ✔✔Economic theory based on the principles of John Maynard Keynes stating that government spending should increase during business slumps and be curbed during booms.
Kyoto Accord ✔✔international agreement that came into force on Feb 16, 2005, intended to reduce greenhouse emissions as a means to control climate change.
language viability ✔✔The ability of a language to maintain itself or recover its potentialities, still exist after many generations.
marginalization ✔✔pushing a group to the 'margins' of society where they hold little power. (Socially, economically, politically)
Milton Friedman ✔✔(1912- ) American economist. Conservative thinker famous for his advocacy of monetarism (an revision of the quantity theory of money) in works like A Monetary History of the United States, 1867-1960 (1963). he is strongly associated with the ideals of laissez-faire government policy.
Monopoly ✔✔A market in which there are many buyers but only one seller.
Multinationals ✔✔Large corporations that have operations in several countries.
Sustainablility ✔✔being able to continue to operate, survive, and adjust to significant changes
Transnationals ✔✔corporations that operate in two or more countries, also people who are citizens of more than one country
United Nations ✔✔A league of most of the nations of the world that help to regulate world problems and decide upon the outcome of states
White mans burden ✔✔idea that many European countries had a duty to spread their religion and culture to those less civilized
World bank ✔✔an agency of the united nations that in practice is independent and controlled by its 184 member countries, which provides loans to less developed countries that are in financial difficulty.
World health organization ✔✔An international body of health care professionals, including clinicians and epidemiologists among many others, that studies and responds to health needs