Globalization Part 2.

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Presentation transcript:

Globalization Part 2

Recap: Trade Agreements and Multinational Organizations

Trade agreements and multinational organizations World Trade Organization (WTO) Multigovernmental organization which regulates international trade Helps with negotiations and settles disputes between countries International Monetary Fund (IMF) International organization that oversees and stabilizes the exchange of money between nations Can provide aid to developing countries that need it to help support economic development

North American Free Trade Agreement (NAFTA) Canada, The United States, and Mexico Eliminates trade barriers and tariffs between these three countries in order to encourage free trade Dominican Republic–Central America Free Trade Agreement (CAFTA-DR) Similar to NAFTA (eliminates trade barriers) First free trade agreement between the United States and a small group of developing countries (Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua)

European Union (EU) 27 European Countries once Britain leaves the union (commonly called “Brexit”) Creates a single standardized market and currency (the euro) to ensure free flow of trade between members (as if they were one giant country) Trans-Pacific Partnership (TPP) Lowers tariffs and trade barriers between its members Aims to promote economic growth, competitiveness, and standards of living U.S. withdrew on Jan 23rd, 2017

Human Rights and Globalization

Human Rights and Globalization Globalization has provided opportunities for countries to work together to protect human rights, create new opportunities, help solve problems such as poverty and disease, and improve standards of living Examples: more economic activity, new job opportunities, rising wages

Human Rights and Globalization But what humanitarian issues has it helped give rise to as well?

Human Rights and Globalization Wages and Working Conditions In some places, employment may be plentiful, but working conditions are poor and wages are low

Suicide Nets Outside of Chinese factories for computer parts

Fires in garment factories in Bangladesh http://www.bing.com/videos/search?q=working+conditions+cambodia&qft=+filterui%3aduration- medium&view=detail&mid=6CDCEFF748772EB1BECC6CDCEFF748772EB1BECC&FORM=VRDGAR

Human Rights and Globalization NGO: Nongovernmental Organization Some international NGOs have formed to help protect human rights and provide services to those in need Example: International Red Cross and Amnesty International are NGOs that work to improve the welfare and protect the rights of people around the world

Is the western world willing to pay higher prices if it means the improvement of working conditions around the world? http://www.bing.com/videos/search?q=working+conditions+cambodia&qft=+filterui%3aduration- medium&view=detail&mid=6CDCEFF748772EB1BECC6CDCEFF748772EB1BECC&FORM=VRDGAR