1. GLOBALIZATION World History

2. STINGER 1.What does the image to the left tell you about global culture? 2.What does the image to the left tell you about international business? 3.What does the image to the left tell you about the differences between the “global north” and the “global south.” 4.What might explain the popularity of businesses like McDonalds and Starbucks?

3. SO GLOBAL, YOU CAN MEASURE CURRENCY VALUATION BY IT: The Economist measures the correctness of currency exchange rates based on the market price of a McDonald’s Big Mac in different countries and the market price of a Tall Starbucks Latte in different countries.

4. GLOBALIZATION- The process that links people around the world as a result of shared activities and interests. Fueled by Technology and an expanding communication network, globalization creates cultural, social, environmental, health, and economic connections among countries.  Not New!  Positive and Negative effects  Increasing in Speed and Depth based on improving communication and travel technology

5. POLITICS – GREATER POLITICAL INTERCONNECTEDNESS Positive Effects More international coalitions More treaties Multinational organizations  United Nations  World Trade Organization  North Atlantic Treaty Organization  European Union  Asean  Etc Trend toward Democratization Liberalization Fewer state vs. state wars Negative Effects Regionalism Barriers to Migration Isolationism Protectionism Extremism as a means of protecting political autonomy Internal conflict and civil war

6. ECONOMICS- FREE TRADE IS MUTUALLY BENEFICIAL Positives Organizations to encourage free trade (World Trade Organization) Multilateral trade agreements  European Union  Nafta Greater specialization of goods and services Overall global reduction in poverty Increased trade in goods and services Increased labor pool Liberalization of worker standards in developing countries Reduction in price of goods and services Improvement in global standard of living Negatives Dominance of multinational corporations, mostly based in the global North Shipment of jobs from one area to another Increased stress on environments to produce more goods and services Environmental strain on developing countries Endangered wildlife in developing countries Loss of skill sets in areas that overspecialize Unfair or illegal trade practice that create of enforce systems of dependency Rampant cheating in WTO system  Chinese Shrimp  US Steel  Farm subsidies

7. RELIGION- GLOBALIZATION OF RELIGIOUS PRACTICE Positives Increased knowledge of and understanding of multiple types of religious practice Increased communication and cooperation between religious leaders Negatives Reduction in religious diversity Disappearance of smaller sects Rise in extremism of every form

8. SOCIAL Positives More interaction between people More communication between people Easier travel and communication improves relationships and understanding over long distances Breakdown of myths Increased diversity of cities Negatives Increasing in-group out-group behaviors Increasing conflict? Homogenization of world culture Death of languages Death of smaller cultures Loss of cultural features

9. INTELLECTUAL Positives Increased flow of information around the world Greater leaps and bounds in knowledge Technological leap frogging Near-instant sharing of information Increased knowledge of world events, conflicts, genocides, etc. Increase in how fast innovations are made and shared Difficulty of governments to limit access to information Negatives Disappearance of privacy Sharing of sensitive information (WikiLeaks, Edward Snowden) Difficulty for individuals to control information flow Spread of false narratives or ideologies just as quickly as real stuff (Autism is caused by vaccines!! Wait, no it’s not, but here are some measles.)

10. GEOGRAPHY/AREA Positives Greater interactions between different areas of the world More movement of people around the world Greater ability of people to react to natural disasters Removal of geographic boundaries to trade, communication, etc. Negatives Environmental destruction in developing countries due to rapid industrialization Legal restriction to migration and isolationist policies People living in greater concentrations in international cities with strong access to trade are more susceptible to loss in a natural disaster Removal of geographic boundaries that have allowed people to maintain cultural practices and resist the dominant culture.

11. MOVIE QUESTION  How has globalization created winners and losers?

12. EXIT TICKET Has globalization has an overall good or overall bad impact on the world? Explain.