1. Global Economy

2. What comes to your mind when you hear the word ‘globalization’?
social issues and changes around the world
interconnected world through technology
environment (e.g., global warming)
free market / trading with other countries

3. Globalization
A process of interaction and integration among the people, companies, and governments of different nations; a process driven by international trade and investment and aided by information technology

4. Global Economy
The international spread of capitalism across national boundaries with minimal restrictions by governments

5. Concepts Comparative Advantage
some countries are better equipped to make and sell particular goods or services
Fair Trade
an organized social movement to help producers in developing countries achieve better trading conditions
Consumer Needs and Incomes
a consumer’s desire for a product category’s specific benefit on a functional or emotional level during a specific time or situation; sometimes, this desire leads the consumer to spend more than he/she can afford on particular goods or services
Protectionism
(Tariff Barriers)
placing a tax (tariff) on in-coming goods in order to protect domestic manufacturing

6. Cast Study: Starbucks

7. Discussion Questions Do you agree with the above statement?
What is the future of global market economy?