Warm-up: Describe what you think the term “globalization” means.

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Presentation transcript:

Warm-up: Describe what you think the term “globalization” means.

21st-Century United States Globalization

America & Global Trade Republicans usually support big business & free trade Democrats usually support labor and oppose loss of American jobs Clinton (centrist) supported free trade blocs, which would increase the economic prosperity of particular regions Clinton signed 270 free trade agreements 1992---NAFTA---Canada, US, Mexico gradual removal of trade restrictions…final 2008 Nations exposed in free trade have become more democratic & engaging in free trade can strengthen economic ties

America & The World After WWII (1942), the U.S. became world superpower with Russia “New world order”—spread democracy Critics on left charge that U.S. is using military “intervention” to advance economic interests 1991 Gulf War & 2003 Iraq War Critics on right charge that U.S. allowing itself to be swayed by interests of other nations 1993 Somalia & 1993 Balkans (humanitarian) Ceding sovereignty to international organizations

America & The World Turn of 21st-Century view was interventionist UN-United Nations International organization but steered by US WTO-World Trade Organization Free-trade agreements IMF-International Monetary Fund Controls international credit and exchange rates World Bank Makes money available for development projects in many countries

Opposition to Globalization Labor unions Export of jobs Other groups Humanitarian—working conditions New class of “slave laborers” Environmentalists Exporting industrial pollution & toxic waste

Other Nation’s Opposition Resented way world economy left them in poverty—exploited & oppressed Grievances concerning religion & culture Stay away from Western ideas and ideals U.S. constant intervention in Middle East since 1970s until today

Activity: Tightly Wound