G LOBALIZATION AND G LOBAL T RADE P ATTERNS L EARNING G OAL 4: C OMPARE GLOBAL TRADE PATTERNS OVER TIME AND EXAMINE HOW GLOBALIZATION HAS AFFECTED SOCIETIES AT DIFFERENT LEVELS OF DEVELOPMENT. Criteria for Success Identify historic trade routes Understand the connection between globalization and development

I S G LOBALIZATION A NEW IDEA / CONCEPT ??

G LOBAL H ISTORY OF C HINA silk exported from China to the Mediterranean gunpowder travels from China to Europe tea, porcelain exported from China to Europe manufactured goods exported from China 500’s1300’s1800’s 1900’s China has always been a part of globalization of markets!!!! NO !!!

M IDDLE E AST - T HE WORLDS C ROSSROAD The Middle East stands at the crossroads of three continents: Africa, Asia and Europe. Since ancient times it has developed major trade routes over land and sea

W HAT IS BLUE, A QUARTER OF A MILE LONG, AND TALLER THAN L ONDON ' S O LYMPIC STADIUM ? The newest container ship, the Triple E Large volumes of goods are produced in Asia and then consumed in Europe and the US. Many worry these giant ships are symbols of the world's trade imbalance

C HANGING T RADE P ATTERNS (I MPACTS ): -Trade organization increase region growth/ diversity -Overall increasing interdependence -Increased industrialization/ trade has led to increased pollution (air & water) -Allowed for more technology that shapes the environment Examples: dams and agriculture equip. - Global trade has speed up cultural diffusion & convergence. -Economic benefits have increased standard of living in newly industrialized nations Example: China ECONOMICENVIRONMENTALSOCIAL

F REE T RADE Z ONES FTZ- a designated area that eliminates traditional trade barriers, such as tariffs, and minimizes bureaucratic regulations Due to increased global interactions free trade zones have become more common BenefitsChallenges Attracts new business Maximized savings Minimized company cost Bidding wars sometimes erupt between competing governments

M EDICAL A DVANCEMENTS (I MPACTS ): - Healthier more skilled workers -Improves economic production -Growing populations - Expansion into fragile environments - Increased life expectancy -Decreased infant mortality rate Decrease in infection disease etc. ECONOMICENVIRONMENTALSOCIAL