1. Economic Globalization Outsourcing, Trade, and Transnational Corporations

2. How Did We Get Here? A BRIEF HISTORY IN GLOBAL DIVERSITY Economic inequality Opportunities for foreign investment Outsourcing jobs to underemployed regions

7. Summarize the tone of the cartoon. What is the message (consider the symbols and the text) What is the artist’s point of view on economic globalization?

8. Summarize the tone of the cartoon. What is the message (consider the symbols and the text) What is the artist’s point of view on economic globalization?

9. How Do the following forces encourage Economic Globalization? Read p. 238-241 Communication Transportation Media Be prepared to write your answers on the board.

10. 1. Watch - Simpson’s Outsourcing: List all the positives and Negatives on Outsourcing. 2. What are industries that have been outsourced that you are aware of? 3. Look at Friedman’s perspective on Globalization

11. The End of the Cold War 1989 the Cold War between the USSR and the USA came to an end. Before 1989 the world was divided into Communist countries and Capitalist countries (Explain how these countries were different). With the fall of the Soviet Union trade began with capitalist nations adding new markets for economic globalization.

13. Maquiladoras In groups (2-3 students): Read Impact – p. 242-243 Answer the following questions: –Describe the situation in your own words. –How do these factories benefit people in Mexico? –What motivates transnational corporations to go into these countries? –Predict the effect these factories will have on developed countries. –Predict the effect these factories will have on developing countries. –With globalization continuing, how will outsourcing change nations/ societies? »Watch the clip: Hidden Face of Globalization. Has your perspective of outsourcing changed? If so how?Hidden Face of Globalization

14. The Corporation What information do you find surprising? How can some of the abuses of corporations be rationalized? What are corporations doing in the world that are positive? What international rules would you suggest that would regulate the work of corporations in developing countries?

16. E-Commerce and the Digital Divide Have you or members of your family shopped online? What factors inspired you to shop online? If you have not shopped online, what has kept you from using this source of goods and services? How are online shopping and expanding globalization linked? What are limitations to this business? What are the dangers of this business?

18. Businesses and Economic Globalization Watch the following clips – What are the benefits and challenges of economic globalization in these communities? –Stuffed and Starved. http://www.youtube.com/watch?v=Cb2qGVqCj PI&feature=related http://www.youtube.com/watch?v=Cb2qGVqCj PI&feature=related –What role does business play in globalization? Gold in Ghana http://www.youtube.com/watch?v=QbNAtW HhXq4 http://www.youtube.com/watch?v=QbNAtW HhXq4 »Is development helping the people of Ghana? »Is this imperialism? »Is the same thing happening in Alberta?

19. CANADA & FREER TRADE Interdependence – Canada/USA trade became so great since 1989 FTA = most important trade partners = INTERDEPENDENCE NAFTA – North American Free Trade: CANADA, USA, MEXICO. 85% Mexican imports = American = DEPENDENCE

20. FOREIGN INVESTMENT

21. EUROPEAN UNION (EU) A Trading bloc of European nations who have 'UNITED" for trading purposes. The EU came into effect in 1991 after more than 40 years of negotiations. dropped trade barriers (tariffs) between them to make trade easier for all members. Adopted a new currency, called the EURO, again to make trade amongst members much easier. Great Britain has NOT joined the EU because it fears it will lose its identity and independence by joining. EU has a governing group to regulate issues that effect the whole region: i.e. workers rights

22. EU MEMBERSHIP EURO - European currency used by members of the European Union in order to reduce trade barriers. If all trade prices are valued with the Euro, conversion of currency is no longer necessary, making it easier for nations and consumers to buy and sell. currency sign: €;currency sign € Cyprus and Malta will join in 2008.

24. EU and NAFTA

25. Compare and Contrast the EU and NAFTA SimilaritiesDifferences