In your notes…. create a definition for the following- 1.Globalization 2.Outsourcing 3.Comparative advantage 4.Multi-national corporation 5.Economic interdependence.

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Presentation transcript:

In your notes…. create a definition for the following- 1.Globalization 2.Outsourcing 3.Comparative advantage 4.Multi-national corporation 5.Economic interdependence You may work together to develop your definition.

Now look them up in the glossary of the green book and copy the book definition…. How did you do? Were you close? Our objective today is to identify the positives and negatives of globalization and how that affects standard of living in countries around the world.

Make a T chart in your notes with Globalization as your topic and a positive side and a negative side. Brainstorm with your rows what could possibly be positive or negative about globalization. Globalisation Pros and Cons - YouTube