1. What is Globalization?

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What is globalization?
The development of an increasingly integrated global economy marked by free trade, free flow of capital, and the tapping of cheap foreign labor
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3. Now what the bi-winning does that mean?
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4. Well lets break it down some…
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Free Trade
A trade policy that allows trade across national boundaries without government interference
Why is this important? Good? Bad?
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Free Flow of Capital
Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
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7. I pity the fool that does not know what Free Cash Flow means!!!
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8. Free Cash Flow = Total Cash Flow - Expenses

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10. Now what the bloody monkeys does that mean?
Why is that important?
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Free Cash Flow
Allows for businesses to grow at the greatest rate.
With little expenses, companies have more to use to grow and develop.
Which means…
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Cheap Foreign Labor
Cheap Foreign Labor is the use of underdeveloped markets to lower labor costs and increase Free Flow of Capital.
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17. Where do I get this cheap labor? Can I roundhouse kick it??
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18. So where do we get the cheap labor from?
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23. Now why should I care about your
“Globalism?
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Look at today’s world
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Importance
We no longer live in a world where borders define what happens to peoples.
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26. So, lets see how much this does effect our lives…
In groups of 3
You are going to search news headlines to find articles that involve globalism in today’s world.
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How to do this?
Each group will be assigned a news source.
In that source, look for key words that tell you about whether the topic involves globalism
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Key Words
Free Trade
Free Flow of Capital
Foreign Workers
International Business
International Trade
Multinational Corporation
Globalization/Globalism
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News Sources
MSNBC
CBS
Fox News
BBC
CNN
USA Today
NY Times
Washington Post
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