1. Tuesday’s Warm Up: Our Global Economy
Log in to your chromebook for today’s warm up. Read through the information and answer the questions that follow.
Be prepared to share your responses!!

2. Global Economies Developed Nations Developing Nations
Industrialized nations with strong economies and high standards of living
Ex – U.S., Japan
Includes 20% of nations
Good access to education, healthcare
Less productive economies, lower standard of living
Ex – Guatemala Phillipines
Lack adequate education, healthcare
Mostly located in Africa and southern Asia

3. Growth and Outsourcing
Multinational Corporations
Increasing interdependence and dramatic growth of multinational corporations—large companies operating in multiple countries
Benefits to companies
Outsourcing—having work done elsewhere to cut costs, increase production
Manufacturing facilities in developing countries, where materials, labor relatively inexpensive

4. Outsourcing Outsourcing
Advocates say: creates jobs and wealth in developing countries
Critics say: fails to improve standard of living, outsourcing causes job loss in company’s home country

5. Global Trade
Globalization often leads to or promotes free trade, the exchange of goods among nations without trade barriers such as tariffs.

6. Ranking the Nations Get into groups of 3 You will be given a world map
There is also a chart ranking the countries of the world based on wealth in Classroom
Your task is to color code the nations on your map based on their overall wealth

7. Based on the map you have created, what do you notice?

8. Ranking the Nations Using the map you have created…
Answer the questions that have been given to you with your group
Turn in the completed map
Submit the question sheet through Classroom