In terms of social globalization the world remains more connected than ever due to the widespread use of digital technologies. However, since the Great Recession of 2008-2010 a downward trend in economic integration has been observed.1 Show The slowdown of world trade that resulted from the financial crisis was exacerbated by protectionist policies and nationalist movements in recent years. The COVID-19 health crisis that brought economic collapse has prompted policymakers to take deliberate steps toward deglobalization. While the current trend is not likely to end globalization, some argue that “globalization can be reversed, at least partially.”2 In addition, the United Nations identified three mega-trends related to globalization: shifts in production and labor markets, rapid advances in technology, and climate change.3 Listed below are books, reports, and articles that discuss the trends in globalization and offer guidance for further research. The following titles link to fuller bibliographic information in the Library of Congress Online Catalog. Links to additional online content are included when available.
Internet ResourcesThe following online resources provide additional information on the trends in globalization.
NotesWhat is global financial crisis AP Human Geography?Global Financial Crises. A worldwide period of economic difficulty experienced by markets and consumers. Gross Domestic Product (GDP) The total value of all goods and services produced within a country during a given year.
What is one limitation of the World city classification system?The world city classification does not reflect the largest or the most rapidly growing cities, as these are in less developed countries.
What are World Cities AP Human Geography?The three main World Cities are New York City, London, and Tokyo. Other cities are rated and ranked based on their economic, cultural, and political importance to the areas they serve. Different continents have cities with different characteristics. European cities are older and more historic.
What is an economic benefit to a country that joins Asean?ASEAN has a competitive advantage because it has lower labor costs that reduce the cost of production for basic goods (e.g., low-technology goods, low-skill goods, low-cost goods) making it more efficient and competitive with China and Japan for foreign investment.
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