1. Aim: What are some patterns and effects of global trade?
Do Now:
Current Events Presentations
Why do nations trade with each other?
Homework:
Continue working on Current Event Presentations – refer to schedule

2. Why do nations trade with each other?
Do Now:
Why do nations trade with each other?
-to gain access to new and different markets where products and goods can be sold
-to gain access to new and cheaper labor forces
-to gain access to new and different items that can be bought

3. International Trade Organizations
Global Trade
Globalization often leads to or promotes free trade, the exchange of goods among nations without trade barriers such as tariffs. This can lead to consumers purchasing higher-quality goods at lower prices.
Many of these groups work to promote, regulate free trade
1948, General Agreement on Tariffs and Trade (GATT)
Worked to limit trade barriers, settle disputes
International Trade Organizations
1995, GATT replaced by World Trade Organization (WTO)
Monitors national trade policies
Organization of Petroleum Exporting Countries (OPEC) works to control oil production, price
GATT, WTO, OPEC
Regional trade blocks promote free trade, deal with economic issues of neighboring nations
European Union (EU), North American Free Trade Agreement (NAFTA), others
Regional Trade

5. Effects of Global Trade
Global trade has clear benefits
Developing countries can provide new, valuable markets for goods, services produced by developed countries
Technology, services, money from developed nations can improve public services, raise standard of living of developing countries
Benefits
Opponents argue process benefits wealthy developed nations at expense of developing nations
Free trade encourages practices that exploit workers, destroy environment
Some promote fair trade, like fair trade coffee movement guaranteeing fair prices to coffee bean farmers
Anti-Globalization

6. How does global trade affect the world?
Apply Your Knowledge
How does global trade affect the world?
Answer(s): can provide opportunities for developing countries; opponents believe global trade exploits developing nations, supporters believe it provides for the production and sale of high-quality, low cost goods

7. Political Cartoons

8. Cultural Exchange Culture
Globalization; countries linked through trade and culture
Modern transportation, communication allow faster exchanges of ideas, customs
Popular Culture
Globalization leads to changes in popular culture
Culture traits: food, sports, music common within group of people
Spread of Traits
Globalization leads to cultural diffusion, spread of culture traits from one region to another
Work, travel, permanent moves all play part
Mass Media
Television, movies, music most powerful methods of cultural diffusion
Satellite news and Internet also ways of exchanging images, ideas

9. What type of positive impact would Globalization have on Culture?
Apply Your Knowledge
What type of positive impact would Globalization have on Culture?
What type of negative impact would Globalization have on Culture?

11. Effects of Cultural Changes
Negative Effects
Some believe changes largely negative
Mass media, advertising encourage growth of consumerism, preoccupation with buying consumer goods
Media
Opponents say market shaped by media and advertising, not actual needs
Worry that globalization creating common world culture, allowing traditional cultures to lose uniqueness
World Community
Globalization linking people together through economics, culture
Challenge to preserve valuable traditional cultures while providing enrichment from other places in world

12. How is cultural exchange a part of globalization?
Apply Your Knowledge
How is cultural exchange a part of globalization?
Answer(s): leads to cultural diffusion, more travel to other countries for work or vacation, exotic goods from other countries available