An Interdependent World As national economies become interdependent, goods as well as ideas spread. While many countries have benefited from globalization,

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Presentation transcript:

An Interdependent World As national economies become interdependent, goods as well as ideas spread. While many countries have benefited from globalization, all can be impacted by an economic crisis in one country. As developing countries become manufacturers and as more vehicles are used throughout the world, the increasing demand for oil raises the price. 1 of 7 The World Today Section 2: Globalization Witness History Audio: A Connected World Color Transparency 207: Global Interdependence Note Taking Transparency 205 Geography Interactive: World Oil Resources and Consumption

Global Trade Organizations and Treaties International organizations, such as the UN, and treaties, such as the General Agreement on Tariffs and Trade, link people and nations around the world. Nongovernmental organizations help many people worldwide, and there are also small coalitions of countries that try to help each other through free trade agreements. 2 of 7 The World Today Section 2: Globalization Color Transparency 208: Man/Life/problem Solving, by Joel Nakamura

Costs and Benefits of Global Trade Globalization can benefit consumers by keeping prices low. It also spreads new ideas and technology. Some people believe that developing countries are being exploited for their cheap labor and their resources and that the World Bank and IMF require economic policy changes that are too drastic for many nations to survive. 3 of 7 The World Today Section 2: Globalization QuickTake Section Quiz Progress Monitoring Transparency

The World Today: Section 2 Color Transparency 207: Global Interdependence 4 of 7

The World Today: Section 2 Note Taking Transparency of 7

The World Today: Section 2 Color Transparency 208: Man/Life/Problem Solving, by Joel Nakamura 6 of 7

The World Today: Section 2 Progress Monitoring Transparency 7 of 7

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