1. Chapter 19 Section 2

2. Multinational Corporation
An enterprise with branches in many different countries
Example?

3. Privatization
Selling off of state owned industries to private investors

4. Environmentalist
One who raises an alarm about threats to the planets fragile environment
Why are environmentalist important?

5. Acid Rain
Form of pollution in which toxic chemicals in the air come back to Earth as rain, snow, or hail

6. Global Warming
Worldwide temperature increase

7. OPEC Organization of Petroleum Exporting Countries
Halted oil exports and raised oil prices

8. Global North

9. Global South

10. Role of the Global North and South

11. Oil
Where are most of the oil fields located?
How does this impact us?

12. IMF
We already talked about them. Who are they and what role do the play

13. Obstacles to development
Geography
Some nations are tiny and lack natural resources
Different types of climates impact countries – too little rainfall, too much rainfall, lack of good farmland, mountains, deserts, etc.
Population and poverty
Better medicine and increased food supplies have increased the life expectancy – that is a good thing correct? Well sort of…
The longer you live the more people there are on Earth if the birthrates remain the same.
Rapid growth in small countries could lead to poverty.
As populations grows those people need a place to live, they need food, they need jobs, they need education, they need medical care – All of these “things” cost money

14. Political instability
Economic dependence
Most new nations formed after WWII remained dependent on their former colonial rulers
They sell agricultural products and raw materials to the industrial world
The industrial world then sells manufactured goods, technology, and investments to them
Many developing nations might only have one crop or commodity to export, therefore, they need other nations to survive
Economic policies
What countries did new nations originally model themselves after?
What economic policy did they eventually adopt
Political instability
Dictators spent money on weapons and warfare instead of education, housing and health care?
Why?

15. HOW HAS THE ENVIRONMENT BEEN NEGLATIVELY IMPACTED FROM DEVELOPMENT IN THE INDUSTRIAL WORLD?