History, 21.08.2019 15:00 jay0630

Describe the positive and negative effects of globalization in the modern world in two of the following areas: politics economics culture

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Answer from: wasup00

Economy : One of the main negative aspects of globalization is the strong contamination of several countries in the event of an economic crisis in a country or economic bloc of great importance. The clearest example of this is the 2008 economic crisis in the United States. It quickly spread to the four corners of the world, generating unemployment, lack of credit in the markets, abrupt drops in stock markets, bankruptcies of companies, decreased investments and much distrust. The same happened in 2011 with the economic crisis in Europe. Culture: According to critics of globalization, the process of world integration was built on the basis of the European model of culture and civilization. Thus all forms of knowledge and behavior would have been established on the basis of Eurocentric morality standards, suppressing traditional peoples and cultures of other countries, considered "inferior" by the dominant ideology.

Answer from: jordan495413

The major positive effect of globalization in the modern world is that it increases the overall well-being of the human population, while a negative effect is that it leads to the erosion of individual culture.

Answer from: Quest

i thing that the best option is a.they feared it would cause a second economic collapse.

one of the most negatives aspects of the new deal was that it upset the balanced federal budget and led to a huge deficit for the nation while at the same time failed to end increasing unemployment. roosevelt's program, based on keynesian theories of economics, called for massive government spending to stimulate the economy. as he failed to do this with large tax increases; large sums of money were borrowed to fund new deal programs. when the economy showed some improvement, roosevelt was concerned about inflation, and ordered cuts in government spending. unfortunately, he did so at a time when the new social security tax had cut people's disposable income. businesses were too afraid of spending, and the economy in 1937 was in worse shape than in 1929. at the end of that year, two million people were unemployed.

Answer from: Quest

- "it was a failure that was an embarrassment for the kennedy administration."

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Describe the positive and negative effects of globalization in the modern world in two of the follow...

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