DAY 2: TRADE AND GLOBALIZATION Unit 1

BBC One-Minute News What topics were covered on the news today?

Today’s World Countries tied together through globalization  *process in which trade & culture link countries  Improvement in communication/transportation make trade easy Effect of global trade=Interdependence  Relationship of countries who depend on each other for resources, goods, services  Occurs when countries vary in goods/services they produce  What is an example of interdependence in today’s world?

Developed vs. Developing Based on economic development Developed Countries  Industrialized  Strong economies  High standard of living  US, Japan, etc., 20% of world’s nations Developing Countries—there are different levels  Less productive economies  Lower standard of living  Guatemala, Philippines, etc., in Africa, southern Asia

Global Economic Ties Multinational corporations  Large companies that operate in mult. Countries  Outsourcing: having work done elsewhere to cut costs  Create jobs/wealth in developing countries  Fail to improve Stand. Of Living in developing countries Price of global trade  If price of a raw material goes up in one country, the price of the manufactured good goes up in another county  If an economy fails in one nation, other nations relying on them for trade will suffer as well

Global Trade Free Trade  More goods for lower prices  GATT-General Agreement on Tariffs and Trade 1948  WTO-World Trade Organization 1995  OPEC-Org. of Petroleum Exporting Countries Regional Trade  EU-European Union  NAFTA-North American Free Trade Agreement  ASEAN-S/E Asia  SADC-Southern Africa

What Else is Spread Through Trade?

Global Challenges Human Rights, Abuses in developing countries  NGO-any nongovernment organization working to provide services in better Human Rights Poverty  Over 20% of world lives on >$1 a day  Many causes (gov’t, resources, war, pop growth)  Famine=Result of poverty  Extreme shortage of food  Wealthy countries loan bil. of $ a year to poor countries

More Global Challenges Disease  SARS-China  Epidemic-outbreak of contagious disease that spreads fast/affects many  HIV/AIDS Natural Disasters  Tsunami, Hurricane, Earthquake Refugees  People who flee violence in their home country and seek safety (Syria) Migration, push and pull factors  Push factors: war, persecution, poverty  Pull factors: jobs, education, better life  Urbanization: increase in % of people living in cities

Unit 1 Vocabulary ID’s Under “Assignments” tab in Unit 1 Complete the 25 vocabulary words  (you can use bullet points to answer “Who, What, When, Where, Why”)