2.  Global Village  Globalization  Developing World  Developed World  Interdependence  Homogeneity  Multinational Corporation  Free Trade  Downsizing  Cost of Production

3.  Global Village – A term coined by Marshall McLuhan to describe the impact of communication and transportation technologies, which reduced the distance between parts of the world  Interdependence – the interconnection of all people and all living things  Global World View – A view of the world that encourages cooperation and the development of common interests between countries

4.  In September 2015 this image of a starving polar bear in Norway went viral.  How are we here in Atlantic Canada connected?

5.  The world is a like village because of the close connections between countries of the world as a result of communication and transportation technologies  The process of the world becoming more interconnected in the global village is known as Globalization

6.  Globalization describes the way countries and people of the world interact and integrate  Globalization has many sides and can be economic, political, and/or cultural

7.  Globalization has existed for centuries Example:  The Silk Road was an ancient trade route between China and the Mediterranean Sea  It promoted the exchange of ideas and knowledge, along with trade goods and foods such as silk, spices, porcelain, and other treasures from the East

8.  Can send email and text messages around the world in milliseconds  Watch television stations from around the world  Buy products made around the world  Experience foods, customs, and traditions from different cultures around the world

9.  Economic The free flow of goods and capital between nations usually from the developing world to the developed world  Developing world – Countries that are beginning to industrialize and have a lower standard of living  Developed World – Countries that have a relatively high level of industrialization and standard of living Can be found to cause environmental harms and violations of people’s human rights

10.  Political The independence of the world’s nations is being weakened as people are more so becoming citizens of the world and not just nations

11.  Cultural An ‘Americanization’ of culture exists as cultures are losing their cultural identity and diversity with an increase in homogeneity (sameness)  Homogeneity – Consisting of parts or people that are similar to each other or are of the same type

12.  Multinational Corporation – A company (business) that operates across nations or in many different countries Examples:  Many will own many different businesses such as General Electric who make appliances, aircraft engines, plastics, and nuclear reactors

13.  Multinational Corporations accumulate much wealth and power  They move manufacturing operations to developing countries because labour is cheaper  Cost of production – The costs of raw materials and wages to make a product  There are often fewer environmental regulations in developing countries

14.  Most Canadian Corporations are relatively small  A globalized economy is allowing them new markets to sell their products  Hard to keep costs of production low so it is often difficult to compete with other companies on price  Downsized the size of workforce to keep costs lower  Downsizing – to reduce the operating costs of a company by reducing the number of people it employs

15.  Canada has entered into trade agreements with other nations in order to increase business  Free trade is popular and encouraged because it allows countries to specialize in producing what they do best and import other goods rather than make them  Free Trade – Goods move across national borders without tariffs being charged  Tariffs - A tax on goods coming into or leaving a country

16.  Canada signed the North American Free Trade Agreement with the United States and Mexico in 1992  Trade with the USA and Mexico increased  Many Canadian businesses relocated to the USA resulting in job loss for Canadians

17.  Canada is a member of the World Trade Organization  WTO deals with trading rules amongst nations

18.  Consumers have access to a wide range of products at affordable prices  Trade between countries creates jobs around the world making everyone wealthier in the end  Stimulates the economies of developing countries  Sharing technological innovations

19.  Loss of cultural identity  Some corporations make more money than smaller countries making them beyond those countries’ control  Benefits the developed world more than the developing world  Environmental harms  Corporations shop around for the best places to do business playing one country against another (seeking lower wages and less environmental restrictions)