Free Trade in the real World Controversy over Globalization.

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Presentation transcript:

Free Trade in the real World Controversy over Globalization

Free Market/ Capitalism Free Trade/ Globalization

Globalization: why now? 1)Fall of Soviet Union World embraces free market economic system 2) Rise of Technology Allows jobs to be easily & cheaply moved around world

Collapse of Communism (1990) World movement towards Capitalism Free Trade requires a set of “rules” Road to Globalization WTO becomes Global Referee

WTO HISTORY Created 1995 (replaced GATT) 146 Members - incl. ~ 100 Developing Countries WTO Functions Administering WTO trade agreements Forum for trade negotiations Handling trade disputes Monitoring national trade policies Technical assistance & training for Developing Countries

1999 Seattle protest against the WTO

Test Review Sample Multiple Choice Questions Sample Free Response Questions

Brazil Mexico

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