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Unit 3: Economic Globalization
Essential Question: To what extent does globalization contribute to sustainable prosperity for all?
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What We Are Exploring in This Unit:
We are breaking down this unit in 4 parts: Interdependence of Humans Around The World Economic Development & Quality of Life Impact(s) of Globalization on the Environment Impact(s) of Globalization on Women, Children & Workers
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Our Guiding Questions:
Essential Question: Supporting Guiding Questions To what extent does globalization contribute to sustainable prosperity for all? This is our overarching or “larger” question we will using to guide our “larger” conversation How are consumers more connected to the world, due to globalization? Does globalization improve the “quality of life” for all? How has globalization impacted the environment? How has globalization changed life for women, children & workers?
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Breaking Down Our Essential Question: To what extent does globalization contribute to sustainable prosperity for all? Globalization The increasing interdependence of nations; the global village; the process that is causing the world’s people to be more connected and more dependent on each other. Sustainable Can be done over the long term, will last Sustainable development: development that meets the needs of the present without hurting future generations Prosperity To prosper, have good fortune (economically, socially, environmentally)
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Judging Global Sustainability
What measurements can be used to evaluate the global environmental sustainability and prosperity of a community? Some Suggestions: Energy consumption Solid waste and recycling Water consumption Urban sprawl/footprint Transportation and infrastructure Pollution Lifespan Income levels Education Healthcare
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Interdependence: First Look: Boeing 787 Dreamliner
The Boeing 787 Dreamliner is their brand new plane Take a look at how the Boeing 787 Dreamliner is put together: Building the 787 Dreamliner Take 1 min with partner to discuss this question: What did you observe about how this plane is built? Bringing out to the floor for observations…
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“Breaking Apart” The Boeing 787 Dreamliner
Let’s take a closer look at how this plane is put together in more detail In the next slide you will see the Dreamliner Supply Structure You will see where the parts of the plane all come from *Note- Use the printed version to see the details closely with your partner
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“Breaking Apart” The Boeing 787 Dreamliner Supply Structure
Print Word version for better view for each pair
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“Breaking Apart” The Boeing 787 Dreamliner Observations & Debrief
Take 2 mins to discuss your observations with your partner: Observation Debrief: # of manufactures # and countries involved in manufacturing Initial conclusions about the making of this plane Implications? Impacts?
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Building an “Economic Chain” Boeing 787 Dreamliner
Do you remember what an economic chain is? You are going to connect the two ends of this chain with as many “chains” as you and your partner can think of: You can draw, bullet point, outline to demonstrate your understanding of this chain: *Hints: Look at supply structure of Boeing figure & anything you know about who and what is involved when you are traveling in an airplane
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The International Economy in 21st Century
Development of a high degree of economic interdependence No nation exists in economic isolation anymore All aspects of a nation’s economy are linked to the economies of its trading partners Reflects the historical evolution of the world’s economic and political progress Complex and its effects are uneven
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The International Economy in 21st Century
What has this meant for different countries? Steps toward international cooperation Mutually advantageous for trading nations Products can be made a lot more efficiently (quickly) Wider variety of products at lower cost Developing nations (formerly known as 3rd World Countries) Serves to keep the developing nations in poverty *As long as consumers want cheaper products, producers will seek cheaper labor
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Globalization of Economic Activity
Globalizing Economic Behavior Greater interdependence between countries and their citizens International flows Goods and services People Investments in equipment, factories, stocks, bonds Non-economic elements Culture and the environment
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Globalization of Economic Activity
What forces are driving globalization? Technological changes Multilateral trade negotiations NAFTA between U.S., Canada, & Mexico Development of international financial markets
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Impact(s) of Globalization: Analysis in Charts & Graphs
You will now look at how globalization has impacted American economy and the people in it With your partner- take 2 mins to read and analyze each chart We will have a debrief of observations after each graph
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Manufacturing an HP Pavilion, ZD8000 laptop computer
TABLE 1.1 Manufacturing an HP Pavilion, ZD8000 laptop computer © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use
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Globalization goes white collar (non factory)
TABLE Globalization goes white collar (non factory) © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use
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The fruits of free trade: a global fruit basket
TABLE 1.3 The fruits of free trade: a global fruit basket © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use
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Donald Trump and his “America First”
You will now watch an excerpt from Donald Trump’s inauguration speech: President Trump- “America First” Question to discuss with your partner: 1 min How is this message counter to the ideas in globalization? Now, watch President Trump give a speech at the World Economic Forum President Trump- “America First, but not alone” 2. How is this message different from his first speech?
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Closing & Takeaways Take 4 mins to WRITE & do the following:
Define Globalization in your own words Describe how the Economic Chain done today helps to put this into context for you Take 4 mins with your partner to talk each other through the following: Share 3 ideas that stood out to you Share 2 concepts that are confusing Share 1 way you are connected to the global economy
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