What is Globalization?
Template copyright 2005 www.brainybetty.com What is globalization? The development of an increasingly integrated global economy marked by free trade, free flow of capital, and the tapping of cheap foreign labor 5/2/2019 Template copyright 2005 www.brainybetty.com
Now what the bi-winning does that mean? 5/2/2019 Template copyright 2005 www.brainybetty.com
Well lets break it down some… 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com Free Trade A trade policy that allows trade across national boundaries without government interference Why is this important? Good? Bad? 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com Free Flow of Capital Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. 5/2/2019 Template copyright 2005 www.brainybetty.com
I pity the fool that does not know what Free Cash Flow means!!! 5/2/2019 Template copyright 2005 www.brainybetty.com
Free Cash Flow = Total Cash Flow - Expenses
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Now what the bloody monkeys does that mean? Why is that important? 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com Free Cash Flow Allows for businesses to grow at the greatest rate. With little expenses, companies have more to use to grow and develop. Which means… 5/2/2019 Template copyright 2005 www.brainybetty.com
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Template copyright 2005 www.brainybetty.com Cheap Foreign Labor Cheap Foreign Labor is the use of underdeveloped markets to lower labor costs and increase Free Flow of Capital. 5/2/2019 Template copyright 2005 www.brainybetty.com
Where do I get this cheap labor? Can I roundhouse kick it?? 5/2/2019 Template copyright 2005 www.brainybetty.com
So where do we get the cheap labor from? 5/2/2019 Template copyright 2005 www.brainybetty.com
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Now why should I care about your “Globalism? 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com Look at today’s world 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com Importance We no longer live in a world where borders define what happens to peoples. 5/2/2019 Template copyright 2005 www.brainybetty.com
So, lets see how much this does effect our lives… In groups of 3 You are going to search news headlines to find articles that involve globalism in today’s world. 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com How to do this? Each group will be assigned a news source. In that source, look for key words that tell you about whether the topic involves globalism 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com Key Words Free Trade Free Flow of Capital Foreign Workers International Business International Trade Multinational Corporation Globalization/Globalism 5/2/2019 Template copyright 2005 www.brainybetty.com
Template copyright 2005 www.brainybetty.com News Sources MSNBC CBS Fox News BBC CNN USA Today NY Times Washington Post 5/2/2019 Template copyright 2005 www.brainybetty.com