Essential Question: What is the impact of globalization on the modern world?

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Presentation transcript:

Essential Question: What is the impact of globalization on the modern world?

What is “globalization”? One of the biggest changes of the mid-20th century was the rapid increase in globalization What is “globalization”?

Globalization is the increased flow of trade, people, technology, culture, & ideas among countries. Today, globalization is most associated with international trade & multinational corporations… …advances in technology & communication… …& increase in cultural diffusion

How new is globalization? What previous examples can you remember?

Globalization has been around for centuries but has been rapidly increasing since 1990

What has led to increased globalization?

The World Trade Organization (WTO) promotes free trade. The United Nations settles trade disputes among member nations. OPEC is a cartel of oil producing nations. Globalization has increased due to lowered trade barriers, new trade organizations, & increased communication.

What are some positive effects of globalization?

Increased trade gives people more goods & services Companies lower costs & prices by buying materials & hiring workers from other countries Creates jobs & raises standard of living Globalization increases access to medicine & technology

What are some negative effects of globalization?

Outsourcing leads to low-paying jobs in developing nations. Globalization increases the gap between the developed nations & developing nations. Outsourcing leads to low-paying jobs in developing nations.

Globalization increases spread of Western culture & resentment among non-Western nations.

Globalization increases environmental pollution & the depletion of natural resources.

What are some effects of multinational businesses?

Multinational corporations (MNCs) operate in multiple countries in order to gain raw materials, assemble products, & sell throughout the world. All of these companies have established manufacturing plants, offices, or stores in many countries. For their manufacturing plants, they select spots where the raw materials or labor are cheapest. This enables them to produce components of their products on different continents. They ship the various components to another location to be assembled. This level of economic integration allows such companies to view the whole world as the market for their goods. Goods or services are distributed throughout the world as if there were no national boundaries. Can you name 1 of the top 10 multinational corporations in the world? (Hint: only 1 is shown in this image)

What is the future of globalization?

The future is going to change rapidly… To be successful in the future, we need to be ready to adapt. Did You Know? 3.0 http://www.youtube.com/watch?v=Gv8pmIr3a7k&feature=related

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