1. Globalization directly and indirectly influences the politics, environment, : 1800957
1. Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world.
2. Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms.
3. Global commerce has taken place for hundreds of years, dating back to the 15th century.
4. The World Bank makes currency exchange easier for member countries so that they can participate in global trade.
5. The World Trade Organization is based in the United States.
6. The World Trade Organization conducts negotiations, called “cycles,” on various topics, rotating its meetings among different cities.
7. Under the World Trade Organization’s most favored nation rule, member countries may not discriminate against foreign products for any reason.
8. Globalization is accepted worldwide and creates little controversy.
9. Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
10. Only manufacturing jobs are being lost through globalization.
11. Critics of globalization support the spread of American ideals and culture throughout the rest of the world.
12. Most nations in the world share similar political, social and economic beliefs.
13. At the beginning of the 20th century, no country in the world had universal suffrage.
14. Even as the world has become freer politically and economically, inequality has grown.
15. The term sector refers to broad divisions of a whole.