Answer to Question 1
The effects of globalization can be seen in many ways, such as the greater international movement of commodities, money, information, and labor, as well as the development of technologies, standards, and processes to facilitate this movement. Specifically, a more global and competitive world spurs visible economic, cultural, and technological changes, including the following:
1. Economic Changes - Increases in international trade, in the development of global financial systems and currency, and in the outsourcing of labor.
2. Cultural Changes - Increases in the availability of multiculturalism through television and movies; the frequency of international travel, tourism, and immigration; the availability of ethnic foods and restaurants; and the frequency of worldwide fads and phenomena such as Facebook, Groupon, Twitter, and YouTube.
3. Technological Changes - The development of low-cost computing platforms and communication technologies; the availability of low-cost communication systems such as e-mail, Skype, and instant messaging; the ubiquitous nature of a low-cost global telecommunications infrastructure like the Internet; and the enforcement of global patent and copyright laws to spur further innovation.
Answer to Question 2
A
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