Page 2: Practical Implications of Globalization
This page explores how globalization directly affects daily life through consumer goods, education, and economic relationships between nations.
Vocabulary: Capital inflow refers to the movement of money into a country for business investment or economic development.
Example: The textile industry illustrates the complexities of global production, with workers in developing countries often facing challenging working conditions.
Highlight: Educational institutions have become increasingly interconnected through partnership programs and student exchanges, promoting cross-cultural learning.
The text emphasizes the interconnected nature of global markets and their impact on resource distribution and economic development.