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Free Trade in the real World Controversy over Globalization.

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Presentation on theme: "Free Trade in the real World Controversy over Globalization."— Presentation transcript:

1 Free Trade in the real World Controversy over Globalization

2 Free Market/ Capitalism Free Trade/ Globalization

3 Globalization: why now? 1)Fall of Soviet Union World embraces free market economic system 2) Rise of Technology Allows jobs to be easily & cheaply moved around world

4 Collapse of Communism (1990) World movement towards Capitalism Free Trade requires a set of “rules” Road to Globalization WTO becomes Global Referee

5 WTO HISTORY Created 1995 (replaced GATT) 146 Members - incl. ~ 100 Developing Countries WTO Functions Administering WTO trade agreements Forum for trade negotiations Handling trade disputes Monitoring national trade policies Technical assistance & training for Developing Countries

6 1999 Seattle protest against the WTO

7

8 Test Review Sample Multiple Choice Questions Sample Free Response Questions

9 Brazil Mexico

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