1. Globalization
LG2: Describe the economic and social impact of 20th century globalization and describe the role technology played in developing the modern global economy and society.

2. Economic Globalization
Colonialism and global trade is not new
True global economy emerged second half of the 1800s
Globalization: process of increasing the interdependence of the world’s economies
Multinational corporations
Expanding free trade
Trade blocs

3. Multinational Corporations
Companies that operate in multiple countries
Exxon Mobil, General Motors, Toyota, etc.
Factories and centers are located all around the world allowing companies to locate near raw materials, the cheapest labor, and the consumer market

4. Manufacturing Plant
Assembly Factory
Common Market/Consumer
Distribution Center

5. Technology and the World’s Economy
Robotic arms  assembly lines – reduce need for factory workers
Computerization  communicate and process info quickly and cheaply – “knowledge workers”

6. Expanding Free Trade Regulate trade barriers or tariffs
General Agreement on Tariffs and Trade (GATT)
World Trade Organization (WTO)
Regional and World Trade Blocs
European Union (EU)
North American Free Trade Agreement (NAFTA)
Organization of the Petroleum Exporting Countries (OPEC)

9. Globalization of a Sneaker
Use the reading to complete the questions and map provided.

10. Create a T-Chart Draw a T-Chart in your notebook.
Title one side Case FOR Globalization and one side Case AGAINST Globalization.
Make sure you leave a few lines of space under your chart.

11. Case FOR Globalization
New jobs are created in developing countries
Standard of living increases
Offshore production keeps costs low which lowers prices for the consumer
Countries that trade with one another are less likely to go to war against each other
Cultural Diffusion
Exchange of ideas, technology, music, etc.
Creates a sense of world community

12. Case AGAINST Globalization
Some developing countries lack laws to protect the environment
Habitat destruction, pollution
Lack of worker protection laws
Sweatshops
Outsourcing – sending jobs overseas - takes jobs from developed countries (like the US)
Erodes traditional ways of life and local cultures

13. Exit Ticket
Under your chart answer the following questions before you leave.
Overall, is globalization a more positive or negative? Support your answer with information from your notes.

14. Optional Videos https://www.youtube.com/watch?v=JJ0nFD19 eT8
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