1. Friday, February 12, 2016
Objective: Students will be able to evaluate the effects of globalization on our society.
Purpose: Globalization has significantly changed our society, which has yet to adequately adapt to these changes.

2. What Causes Globalization?
This fourteenth-century map of the Silk Road, which linked economies across Asia, shows that globalization began long ago. Why do you think the pace of globalization has accelerated?

3. Elements of Globalization

4. This supply chain shows the steps that get a good from a producer in China to a consumer in the U.S. Analyze Charts Tell which steps will cost more if the price of fuel rises. Explain why

5. Latvia, once part of the Soviet Union, now practices free market economics. Analyze Graphs What does this graph indicate about the health of Latvia’s economy? Explain.

6. Challenges of Globalization
Closely-linked financial markets
Multinational corporations
Have the capital to introduce technology to developing countries, offer jobs, train the labor force, and provide the opportunity for related services and industries to develop
Some point out that most of the profits go not to the host LDC, but to the foreign owners of the corporation

7. Migration International Migration
Each year, millions of workers leave less developed countries in the hopes of finding jobs in developed nations
Most immigrants come legally, with proper visas and proof that they have jobs waiting for them
Overall, immigration tends to cause economic growth in developed nations

8. Migration International Migration
remittances: cash payments sent by workers who have migrated to a new country to family members in their home country
brain drain: migration of the best educated people of less developed nations to developed nations

9. Migration
Rapid urbanization has led to the development of densely populated slums in some cities, including São Paulo, Brazil’s largest city.

10. Ongoing Issues Closely linked financial markets
Multinational corporations
Critics say that their investments in less-developed countries do little to aid those nations
Wages
Outsourcing/offshoring

11. Ongoing Issues
The developing world feels the need to have a greater voice in global issues
Environment Versus Development
Do we use resources now to promote development or save our resources for future generations?
This dilemma can be seen in the debate over what to do in places such as the Amazon rainforest

12. Challenges for the United States
A Changing Workplace
A growing percentage of American workers are foreign born, although most are accepting jobs that Americans born here do not want
Tougher global competition
The need to innovate

13. Challenges for the United States
Education
Workers need to gain the technical skills that are necessary to access, understand, and use all sorts of information in the jobs that are available in the American economy today
The United States currently has millions of job openings, yet there are very few people who meet the minimum qualifications for these jobs
More jobs are requiring individuals to have some kind of post-high school education (trade school certificate, associate’s degree, bachelors degree)