Globalization broadest sense  describes the growing economic and cultural transfers that occur between nations – (access to the world-wide web, the opening of another McDonald’s or another free trade treaty) narrow sense, is used to refer to the increased international traffic of goods and services, as well as the economic policies of trade liberalization Our Shrinking World (Transportation)Transportation

Globalization could involved all these things

First introduced 1982 – commercial internet late 1980s early 1990’s

history

Countries with the Highest Number of W orld Languages Critically Endangered

history

FREE TRADE AGREEMENTS ASEAN Free Trade Area (AFTA) Asia-Pacific Trade Agreement (APTA) Central American Integration System (SICA) Central European Free Trade Agreement (CEFTA) Common Market for Eastern and Southern Africa (COMESA) G-3 Free Trade Agreement Greater Arab Free Trade Area (GAFTA) Gulf Cooperation Council (GCC) North American Free Trade Agreement (NAFTA) Pacific accord South Asia Free Trade Agreement (SAFTA) Southern African Development Community Southern Common Market (MERCOSUR) Trans-Pacific Strategic Economic Partnership (TPP)

Exploitation

Multinational (MNCs)& Transnational Corporations (TNCs)

GLOBAL 500 COMPANIES - QUIZ 1.What company headed the Global 500 list in 2010? Revenue $421,849,000,000 Profits $14,389,000,000

GLOBAL 500 COMPANIES - QUIZ 2. What are the next top four companies on the list?

GLOBAL 500 COMPANIES - QUIZ 3. What country had the most companies on the Global 500 list? How many companies did this country have? 133 down from139 since 2010

GLOBAL 500 COMPANIES - QUIZ 4. What are the next top four countries with the greatest number of Global 500 companies? 68 down from up from down from down from

GLOBAL 500 COMPANIES - QUIZ 5. How may Global 500 companies does Canada and India have? 11 8

GLOBAL 500 COMPANIES - QUIZ 6. What company had the largest revenue? 32,843,000,000 (2011)

GLOBAL 500 COMPANIES - QUIZ 7. What is the name of the largest Canadian Company on the list? Where did this company rank? Ranked #240 down from 208 in $35,144,000,000

GLOBAL 500 COMPANIES - QUIZ 8. Name Canada’s other Global 500 companies. 2. Royal Bank of Canada (262) 3. Suncor Energy (268) 4. Power Corp. of Canada (299) 5. George Weston (Food)(310) 6. Toronto-Dominion Bank (310)CanadaCanada 7. Magna International (automotive) (401) 8. Sun-Life Financial (406) 9. Onex (investment firm) (412) 10. Bank of Nova Scotia (425) 11. Research in Motion (490)

GLOBAL 500 COMPANIES - QUIZ 9.Estimate the number of Global 500 companies that have their head offices in The Core: Semi Periphery: Periphery: 415 (83%)307 (81%) 85 ( 17%) 93 (19%) 0 (0%)0 (0%) Cities

GLOBAL 500 COMPANIES - QUIZ 10. How Fortune Global 500 companies are run by women 12 (3%) Women CEOs

Over 2 Trillion Dollars Total

CountryContinentGDP ($US 2009) MalawiAfrica13 billion El SalvadorAfrica43 billion LaosAfrica15 billion HaitiNorth America11 billion ChadAfrica17 billion AfghanistanAsia27 billion ZambiaAfrica20 billion EthiopiaAfrica86 billion CroatiaAsia78 billion ZimbabweAsia5 billion Countries With Low GDP Total 315 Billion

Countries With Low GDP Chad El Salvador Afghanistan Zambia Ethiopia Zimbabwe Malawi Haiti Croatia Laos

Issues of Growth of MNC (TNCs) Growing power of MNCs Global expansion of global trade Protests against MNCs(TNCs) that operate sweatshops to produce clothing shoes and other goods in developing countries Anti-globalization protests in North America and Europe made on franchieses of companies like McDonalds and Starbucks

Benefits of of MNC (TNCs) Provides consumers with ever-widening range of products and affordable prices Overall increase in world economic growth that will make everyone wealthier by providing more jobs and greater economic production Stimulus for the economic development of developing nations Faster more equitable sharing of the most recent technological breakthroughs

Criticisms of of MNC (TNCs) Loss of local cultural identities as products from Japan, US and Europe become commonly used Corporations are becoming so large - not clear whos laws apply when a company’s operations extend far beyond the borders of any one country Old Core nations become richer - most of the best jobs and profits go to Core --> rest will get low paying jobs, provide markets & suffer possible environmental damage Economic uncertainty --> MNCs shop around for best places in which to do business (play 1 country against another in search for cheapest labour or weakest environmental standards