1. Globalization and Global Trade Patterns Learning Goal 4: Compare global trade patterns over time and examine how globalization has affected societies at different levels of development.
open U5LG4 Notes: Globalization and Global Trade Patterns in your google drive…
Criteria for Success
Identify historic trade routes
Understand the connection between globalization and development

2. Is Globalization a new idea/concept??

3. Global History of China
NO!!!
Global History of China
silk exported from China to the Mediterranean
tea, porcelain exported from China to Europe
gunpowder travels from China to
Europe
manufactured goods exported from China
500’s
1300’s
1800’s
1900’s
China has always been a part of globalization of markets!!!!

4. Middle East- The worlds Crossroad
The Middle East stands at the crossroads of three continents: Africa, Asia and Europe.
Since ancient times it has developed major trade routes over land and sea

5. What is blue, a quarter of a mile long, and taller than London's Olympic stadium?
The newest container ship, the Triple E
Relate to outsourcing! Why produced in Asia? Large abundant cheap labor
Large volumes of goods are produced in Asia and then consumed in Europe and the US.
Many worry these giant ships are symbols of the world's trade imbalance

6. Changing Trade Patterns (Impacts):
ECONOMIC
-Trade organization increase region growth/ diversity
-Overall increasing interdependence
-Increased industrialization/ trade has led to increased pollution (air & water)
-Allowed for more technology that shapes the environment
Examples:
dams and agriculture equip.
- Global trade
has speed up cultural diffusion & convergence.
-Economic benefits have increased standard of living in newly industrialized nations
Example:
China
ENVIRONMENTAL
SOCIAL

7. Due to increased global interactions free trade zones have become more common
FTZ- a designated area that eliminates traditional trade barriers, such as tariffs, and minimizes bureaucratic regulations
Benefits
Challenges
Attracts new buisness
Maximized savings
Minimized company cost
bidding wars sometimes erupt between competing governments

8. Medical Advancements (Impacts):
ECONOMIC
-Healthier more skilled workers
-Improves economic production
-Growing populations
- Expansion into fragile environments
- Increased life expectancy
-Decreased infant mortality rate
Decrease in infection disease etc.
ENVIRONMENTAL
SOCIAL