Today

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Todays World

• UEQ How are people working together to protect
  the environment while supporting the needs of
  businesses and economies?

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Sections

• Trade and Globalization
• Social Challenges
• Threats to World Security
• Environment and Technology

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TIMELINE (2001-2002)

• September 11th, 2001 Terrorists hijack four
  passenger airplanes and attack the United States.
• January 2002 The euro becomes the common
  currency for most of Western Europe.

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TIMELINE (2003)

• February 2003 Ethnic conflicts begins in the
  Darfur region of western Sudan.
• March 2003 U.S. led coalition invades Iraq to
  remove Saddam Hussein from power.
• April 2003 Scientists with the Human Genome
  Project announce they have mapped the human
  genetic code.

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TIMELINE (2004-2005)

• December 2004 A tsunami strikes Southeast Asia,
  killing more than 225,000 people.
• August 2005 South Korean scientists announce the
  first successful cloning of a dog.

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TIMELINE (2005-2006)

• August 2005 Hurricane Katrina hits New Orleans
  and the Gulf Coast of the United States.
• March 2006 CAFTA, a free trade agreement between
  the United States and several Caribbean
  countries, goes into effect.

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Trade and Globalization LEQ

• How do trade and culture link economies and lives
  around the world?
• VOCABULARY
• Globalization
• Interdependence
• Multinational corporations
• Outsourcing
• Free trade
• Popular culture
• Cultural diffusion

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Globalization

• The process in which trade and culture link
  together countries around the world.
• Improvements in transportation and communication
  have made global trade much easier

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Trade and Globalization Focus Questions

• How does economic interdependence affect
  countries around the world?
• What are some patterns and effects of global
  trade?
• How does globalization lead to cultural exchange?

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Characteristics of a Global Economy

• Rapidly changing
• New methods of transportation and communication
  continue to bring nations closer together
• Anticipation Explain potential reasons for the
  vast regional and economic differences on the
  following map.

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World GDP
MDC LDC
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Developing Countries

• Two main categories developed and developing
• DEVELOPED Usually means that the country is
  industrialized, wealthy, healthy, educated, and
  technologically advanced (approx 20)
• DEVELOPING Usually means less productive, lower
  standard of living, lacking education and
  nonexistent healthcare (mostly in Africa and
  southern Asia)

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International Trade Organizations

• Did someone say, skit?

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Urbanization

• People are moving to cities for better jobs.
• Worlds fastest-growing cities are located in
  developing countries.

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Economic Interdependence

• At the opening of the 21st century, the world was
  divided politically, economically, and
  culturally. Conversely, the world is also more
  closely tied than ever before in history.
• Globalization
• Developing Countries
• Multinational Corporations
• Global Economic Ties

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Is this proof of a global economy?
Think Pair Share
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Global Trade

• Free Trade The exchange of goods among nations
  without trade barriers.
• Producers can sell to more markets
• Consumers may purchase a greater variety of
  higher quality goods and/or services at lower
  prices

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Interdependence

• A relationship among countries where they depend
  on each other for resources, goods and services.

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(No Transcript)
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Multinational Corporations

• Large companies that operate in multiple
  countries.
• Explains some of the dramatic growth and
  interdependence

German company Adolf Adi Dassler Reebok,
Ashworth, Rockport, Puma Sweatshops in
Java Fired 33 workers who went on strike for
better pay
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Outsourcing

• The practice of having work done elsewhere to cut
  costs or to increase production.
• Example Multinational corporations build
  manufacturing facilities in developing countries,
  where materials and labor are relatively
  inexpensive.

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Global Economic Ties

• If the United States gets sick, the rest of the
  world catches a cold.
• EXAMPLE Rising oil prices in the early 2000s.
  Crude oil prices nearly tripled in a two year
  time period due to the increasing demand from
  China and India. The rise in prices was felt
  globally.

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Regional Trade

• Trade Bloc a group that promotes free trade to
  deal with economic issues among neighboring
  nations.
• Anticipate Which trade bloc is the largest one?

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Regional Trade Blocs

• EU
• NAFTA
• ASEAN Association of Southeast Asian Nations
• SADC Southern African Development Community

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CAFTA Nations

• Throughout the 1970s and into the 1980s, every
  DR-CAFTA country except Costa Rica was ruled by a
  dictator, was in a state of civil conflict, or
  both. These countries suffered from great
  political instability. Their economies focused
  inward, and protectionist policies perpetuated
  widespread poverty.

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• Think Pair Share Advancing free trade is one
  of the best foreign policy tools to help the U.S.
  economy. How could that policy also improve
  homeland security?

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Why would people feel this way about CAFTA?
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Agree or Disagree? Why or why not?

• As living standards rise and people enjoy better
  lives, their interest in preserving these
  benefits also increases. Because they have more
  to lose from a crisis, they strive to preserve
  peace and stability. As a result, the likelihood
  of civil conflict decreases. At the same time,
  the improved domestic situation reduces the
  incentives to leave home in search of a better
  life elsewhere. Therefore, they are less likely
  to emigrate illegally to other, more prosperous
  countries like the United States.

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Opponents of Globalization

• Process benefits the wealthy developed nations at
  the expense of the poor countries.
• Free trade exploits workers
• Destroys the environment
• Protests have happened at the WTO the IMF and the
  World Bank
• Promote fair trade

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Fair Trade
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Word Bank for Crossword

• WTO subsidy
• transportation free trade
• economic growth premium
• profits gross domestic product
• environmental Trade bloc
• living living standard
• multinational corporation subsidies
• outsourcing poverty
• import export