1. The World Today

2. After the Cold War, the world had to change After the Cold War, the world had to change –No more communism in Europe No more separation No more separation At first this caused many problems At first this caused many problems –Immigration, unemployment, discrimination Something needed to be done Something needed to be done

3. The World Today Unification Unification –East and West Germany unifies Re-united after 45 years Re-united after 45 years Similar problems as rest of Europe Similar problems as rest of Europe –European Union European Countries that act as one entity European Countries that act as one entity –Free flow of capital, labor, and goods Many countries asked to join after Soviet Union Collapses Many countries asked to join after Soviet Union Collapses Most former Soviet countries become democratic Most former Soviet countries become democratic

4. The World Today Power shifts Power shifts –With no more Soviet Union, USA becomes the sole Superpower Helped other countries grow economically Helped other countries grow economically –Russia Faced many issues Faced many issues –Could not adapt to a free market economy Putin elected in 2000 Putin elected in 2000 –Switched back to a strong central government

5. The World Today Changes in Asia Changes in Asia –Trade expands Pacific Rim –Thrived economically Especially Japan Especially Japan –Other Asian countries expand their growth and become part of Pacific trade Empire Taiwan, Hong Kong, Singapore, and South Korea Taiwan, Hong Kong, Singapore, and South Korea

6. The World Today Globalization Globalization –All countries around the world are integrated Much easier after Cold War Much easier after Cold War –Trade expands to all countries –Economies are interdependent on each other Natural Resources become very important Natural Resources become very important New Trade organizations are formed New Trade organizations are formed –Regulate trade amongst countries WTO, NAFTA WTO, NAFTA

7. Assignment Is Globalization a good thing? Is Globalization a good thing? –Describe three reason why Globalization has helped the world and three reasons why it has not.