Name: Craus, Cindy C.

Date: July 26, 2019

Subject: Socio 101 4:30-5:30 PM

1. What is the difference between globalization and globalism?

Globalization is the process in which people, ideas and goods spread throughout the
world, spurring more interaction and integration between the world’s cultures, governments
and economies. While Globalism on the other hand is a national policy of treating the whole
world as a proper sphere for political influence. It attempts to understand all the inter-
connections of the modern world - and to highlight patterns that underlie them. In short,
consider globalism as the underlying basic network, while globalization refers to the dynamic
shrinking of distance on a large scale.In conclusion, we should not expect - or fear that
globalism will lead to homogenization. Instead, it will expose us more frequently and in
more variations to the differences that surround us.

2. Compare and contrast the assumptions of the original Bretton Woods system with those
of the Washington Consensus.

After world war 2, the United States held ⅔ of the world's gold. The country came out
of the conflict nearly undamaged because of the mainland’s distance from Europe and Asia
where the most of the battle was held. The US Dollar was in the best position to handle the
role of world currency. So it was agreed upon by 44 nations that attended the Bretton
Woods meeting in New Hampshire that the world would run on the US dollar. It was
“ASSUMED”that if needed, a nation could redeem their collected dollars for gold. he US
ignored this agreement through their continued accumulation of deficit by printing more
paper dollars that in the end there were more paper money the gold. And we know the rule
“ when there is too much of something, that thing will always lose its value”. The Bretton
Woods Agreement died in 1971 when President Richard Nixon suspended the US dollar’s
convertibility into gold. His administration also colluded with the countries of OPEC to sell oil
only in US Dollars, so from then on, your country can only acquire dollars if you create
products that you can export and sell in the United States. If a nation cannot send anything
to the US or any other country that is willing to pay in dollars, that country cannot buy oil
which will effectively freeze its economy.  

3. Do you think internationalization erodes the sovereignty of state?

Yes, because This is a high-level working definition for use with W3C
Internationalization Activity material. Some people use other terms, such as globalization to
refer to the same concept. Designing and developing in a way that removes barriers to
localization or international deployment. This includes such things as enabling the use of
Unicode, or ensuring the proper handling of legacy character encodings where appropriate,
taking care over the concatenation of strings, avoiding dependance in code of user-interface
string values, etc. Separating localizable elements from source code or content, such that
localized alternatives can be loaded or selected based on the user's international
preferences as needed. If you internationalize, you design or develop your content,
application, specification, and so on, in a way that ensures it will work well for, or can be
easily adapted for, users from any culture, region, or language. The word
'Internationalization' is often abbreviated to 'i18n'. This is widely used abbreviation, derived
from the fact that there are 18 letters between the 'i' and the 'n'.