Warm Up – December 6 Answer the following questions on a post it: 1. What is the difference between fiscal policy and monetary policy? 2. How can the Federal Reserve adjust interest rates so that banks are able to lend more to people? 3. How can the Federal Reserve adjust interest rates so that banks are able to lend less to people? Why would the Fed Reserve want to do this? 4. What is the term to describe the world becoming one single market? 5. What innovations in technology have led to increased globalization? 6. What is a company doing in a foreign direct investment? 7. What is a transnational corporation? 20 minutes to work on your ”Comparison between Two Eras” Activity – have the earliest year on one side, the later year on the other and a chart comparing the different costs in the middle

Pros and Cons of Globalization Article Download the “Pros and Cons of Globalization” Article from my website and answer the following questions on the same post it as the warm up: 1. What is globalization? 2. Globalization can be summed up as a long-term change towards greater international cooperation in what different areas? 3. What factors have made globalization possible? 4. What 20th Century innovations made globalization easier? Which 21st Century innovations made modern globalization a reality? 5. What are the benefits of globalization? 6. What are the negatives of globalization?

The Anti-Globalization Movement Unit 7: the economy The Anti-Globalization Movement

Growth, Instability, and Inequality Economic globalization increased the gap between the Global North and the Global South Clear division in the human community = the rich industrialized countries (mostly in Europe and North America) versus everyone else

Growth, Instability, and Inequality This widening gap has been evident in great differences in: Incomes Medical care Availability of clean drinking water Educational and employment opportunities Access to the Internet

“Anti - Globalization” Movement Agree that economic globalization has: Lowered labor standards Devastated the environment Prevented poor countries from protecting themselves against financial speculators Ignored local cultures Disregarded human rights Enhanced global inequality Favored only the interests of large corporations and rich countries – created a rich Global North and a poor Global South Antiglobalization Activists

Quiz Take out a sheet of paper– make sure your name is on it Take out your notes for today 5 questions – each question is worth 20 points (counts as a quiz grade) Title slide said Unit 7 – The Economy – what was the rest of the title for today’s notes Economic globalization has increased the gap between the _______________ and the _______________________. There is clear division in the human community – the rich industrialized countries (mostly in ______________ and _________________) versus ______________ ______________ This widening gap has been evident in great differences in which five things? (Must get all 5 to get any credit) The anti-globalization movement argues that economic globalization has had 7 major effects – list all 7 (need to have all 7 to get any credit)

TOD – December 6 Answer the following questions on the same post it as the warm up: 1. What countries in the world are in the Global North? What countries in the world are in the Global South? Which side benefits the most from Globalization? 2. What are three areas that the gap between the Global North and South is most evident? 3. The Anti-Globalization movement views globalization as a movement that only favors which countries?