1. Globalization Part 2

2. Recap: Trade Agreements and Multinational Organizations

3. Trade agreements and multinational organizations
World Trade Organization (WTO)
Multigovernmental organization which regulates international trade
Helps with negotiations and settles disputes between countries
International Monetary Fund (IMF)
International organization that oversees and stabilizes the exchange of money between nations
Can provide aid to developing countries that need it to help support economic development

4. North American Free Trade Agreement (NAFTA)
Canada, The United States, and Mexico
Eliminates trade barriers and tariffs between these three countries in order to encourage free trade
Dominican Republic–Central America Free
Trade Agreement (CAFTA-DR)
Similar to NAFTA (eliminates trade barriers)
First free trade agreement between the United States and a small group of developing countries (Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua)

5. European Union (EU)
27 European Countries once Britain leaves the union (commonly called “Brexit”)
Creates a single standardized market and currency (the euro) to ensure free flow of trade between members (as if they were one giant country)
Trans-Pacific Partnership (TPP)
Lowers tariffs and trade barriers between its members
Aims to promote economic growth, competitiveness, and standards of living
U.S. withdrew on Jan 23rd, 2017

7. Human Rights and Globalization

8. Human Rights and Globalization
Globalization has provided opportunities for countries to work together to protect human rights, create new opportunities, help solve problems such as poverty and disease, and improve standards of living
Examples: more economic activity, new job opportunities, rising wages

9. Human Rights and Globalization
But what humanitarian issues has it helped give rise to as well?

10. Human Rights and Globalization
Wages and Working Conditions
In some places, employment may be plentiful, but working conditions are poor and wages are low

11. Suicide Nets Outside of Chinese factories for computer parts

12. Fires in garment factories in Bangladesh
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13. Human Rights and Globalization
NGO: Nongovernmental Organization
Some international NGOs have formed to help protect human rights and provide services to those in need
Example: International Red Cross and Amnesty International are NGOs that work to improve the welfare and protect the rights of people around the world

14. Is the western world willing to pay higher prices if it means the improvement of working conditions around the world?
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