Why do Nations Import?

QUESTION 61

  1. Why the United States can be seen to play a prominent role in cultural globalization?

Answer 1

The United States is seen to play a prominent role in cultural globalization because the spread of corporations from America across the world has a great impact on local cultures. While some of these effects are visible others are not, for example, American food has spread across the world becoming an integral part of other cultures. Various businesses such as restaurants have their eating habits and their traditions affected by the American culture. This has made people to be concerned about the prominent role of the US in cultural globalization associated to the great spread of the country’s products to other cultures. 

Answer 2

 The spread of American culture across the world has raised concerns on the role of the US in cultural globalization. Some regions such as French have a unique culture especially on the cuisine. However, US products such as fast food have crowded the restaurants in France leading to arguments that the US is playing a major role on culture globalization. While it is common for Americans to buy coffee and street drinking this culture is uncommon in Italy but have found its way in the country. This indicates that the spread of the US products in other countries plays a major role in culture globalization.

QUESTION 62

  1. What are the three impacts of globalization on culture?

Answer 1

Globalization has impacted culture in three ways. First, as a result of globalization, a new class of people have emerged. The class is characterized by people who are trained for various professions, people who are well educated, and people who a common culture. Second, a pop culture has emerged as a result of globalization. The culture is characterized by music, fast food, movies, newspapers, television shows, and other entertainment products. Third impact of globalization on culture is emergence of a global village. Dominant cultures are becoming more dominant over other cultures. Proponents of such views argue that globalization is similar to Americanization considering that the dominant culture continues to dominate around the world.

Answer 2

Global culture has been impacted different by globalization. Through globalization, popular culture has grown. This involves spread of popular culture of dominant cultures taking control of the world. Products such as music especially from the US, a dominant culture have managed to be popular across the world. The world has become a global village through globalization. This is where by dominant cultures become larger. Another impact is emergence of new professions in the world. Globalization has led to growth of new people who are more learned and professional in their fields. People who are more proficient in English and are largely immersed in the technology world.

QUESTION 63

  1. Why do Nations Export?

Answer 1

Various nations drive nations to export. Nations can have their firms or individual investors producing excess goods and services that cannot be fully consumed at local level. This requires investors to seek opportunities in foreign nations where they can sell the excess products. Nations also import after investors have successful sold their goods and services to other countries at better prices compared to local process. Therefore, to earn more profits, the nation opts to export. For the developing countries, if they produce goods that they are unable to use locally, the export the production surplus. This is considering that the populations are not as large to consume the products.

Answer 2

Need for market and better profits have driven nations to export goods and services. Developed nations such as the US produces goods and services in large volumes to sell the excess to other nations. This way, the nation can create employment for its people and at the same time promote its growth through more profits. In case, a nation produces more products that its nation cannot consume fully, it seeks consumers from other nations leading to the exports. Considering that industrial countries are more diverse, export serves as an outlet for excess production. For majority of the nations, exports serves as a source of employment hence an important role in economic growth.

QUESTION 64

  1. Why do Nations Import?

Answer 1

Various nations import because of various reasons. First, a nation can import to acquire products that are not available locally but are attractive to consumers. Second, the goods play an essential role in the economic wellbeing of the nation. Taking advantage of the growth opportunities such as the higher demand of foreign products help nations to promote their economic growth. Nations can also import when the aim is to produce cheaply and efficiently in other countries and then imported to be sold at lower prices. The higher the production cost the higher the selling price. Therefore, producing at lower prices in other countries lowers selling prices essential for competing with rivals.

Answer 2

Search for products that are locally in demand but unavailable, and cheaper products motivate nations into encouraging imports. Nations whose consumers have an attraction for a certain product and this product is not produced locally, motivates a nation to import the product to satisfy the consumers. Price helps in market competition. When nations produce goods on foreign land at a cheaper cost, it becomes possible to lower the prices of the goods at local level. To lower the prices, nations imports goods that they have produced in other countries. Such production is also dome sufficiently helping importing nations to sell goods at reasonable prices.