Units 17-18 Specialization and Interdependence of Regions in Western Hemisphere

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Units 17-18Specialization and Interdependence of
Regions in Western HemisphereFinancial Literacy

1. Explain how specialization and trade lead to
   interdependency among countries of the Western
   Hemisphere.
2. Identify a career of personal interest and
   research the knowledge, skills and experiences
   required to be successful.

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Specialization Review

• Specialization occurs when people, regions and
  countries concentrate their production on fewer
  kinds of goods or services than are consumed.

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Why is Specialization Important?

• Specialization leads to increased production,
  because concentrating on the production of fewer
  goods or services can reduce the cost of
  production.

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Global Economy?

• Greater specialization leads to increased
  interdependence among regions and countries
  because nations rely on other nations for the
  goods they do not produce for themselves.

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Trade and Consumerism

• When regions and countries trade, a greater
  variety of goods are available to consumers.
• We now see cultures blending because of this.
  Some countries are starting to become more
  westernized.

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Interdependence

• The world, continents, countries, states, cities,
  towns have all become interdependent. This means
  they rely on one another for goods and products.

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Major Imports/Exports of North America and South
America
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Financial Literacy

• Workers can improve their ability to earn income
  by gaining new knowledge, skills and experiences.
  
• An individuals interests, knowledge and
  abilities can affect career and job choice.

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Careers

• Knowledge degree, certification, license
• Skills technical, entrepreneurial
• Experiences entry-level jobs, internship,
  apprenticeship, life

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Mini-Project

• Identify a career of personal interest and
  research the knowledge, skills and experiences
  required to be successful.
• Write a 2-3 paragraph essay on your career choice
  making sure to research the underlined topics.
• Add pictures/clipart if you have time
• Turn it in