globalization. what is a global society? globalization refers to the process by which one society...
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GlobalizationGlobalization
What is a global society?What is a global society? GlobalizationGlobalization refers to the process by refers to the process by
which one society becomes integrated with which one society becomes integrated with other nations around the world.other nations around the world.
A A global societyglobal society is possible because of is possible because of how how interdependentinterdependent our world is. our world is.
We are increasingly interdependent We are increasingly interdependent because of: because of: Transportation and communicationTransportation and communication Spread of democracySpread of democracy Rise of free tradeRise of free trade Outsourcing – sending work to the developing Outsourcing – sending work to the developing
worldworld
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How would our society be How would our society be different without oil?different without oil?
Natural ResourcesNatural Resources
Oil plays a huge role in in an Oil plays a huge role in in an interdependent world.interdependent world.
First world countries dependent on First world countries dependent on oil.oil.
QWQWWhy is it important Why is it important
to be a part of a to be a part of a global society?global society?
What alliances What alliances work toward work toward
global security?global security?United Nations, NATOUnited Nations, NATO
North Atlantic Treaty
Organization
What is free What is free trade?trade?
Trade without restrictions Trade without restrictions
(like taxes, tariffs, (like taxes, tariffs, regulations, etc.)regulations, etc.)
NAFTANAFTA
North American North American Free Trade Free Trade AgreementAgreement
Began January 1, Began January 1, 19941994
Canada, Mexico, Canada, Mexico, and U.S.and U.S.
Facilitates trade Facilitates trade between member between member nationsnations
European Union (EU)European Union (EU)
Established in 1993 by Established in 1993 by the Maastricht Treatythe Maastricht Treaty
27 member nations27 member nations 500 million citizens500 million citizens Produces 30% of the Produces 30% of the
world’s GDPworld’s GDP Freedom of movement Freedom of movement
of people, goods, of people, goods, services and capitalservices and capital
Common policies Common policies throughout member throughout member statesstates
Economic Institution Purpose
World Bank
International Monetary Fund (IMF)
General Agreement on Tariffs and Trade (GATT)
World Trade Organization (WTO)
Economic Institution Purpose
World Bank Offers loans and advice to developing nations
International Monetary Fund (IMF)
General Agreement on Tariffs and Trade (GATT)
World Trade Organization (WTO)
Economic Institution Purpose
World Bank Offers loans and advice to developing nations
International Monetary Fund (IMF)
Promotes international monetary cooperation and encourages global economic growth. Also monitors economic development and provides advice to developing nations.
General Agreement on Tariffs and Trade (GATT)
World Trade Organization (WTO)
Economic Institution Purpose
World Bank Offers loans and advice to developing nations
International Monetary Fund (IMF)
Promote international monetary cooperation and encourages global economic growth. Also monitors economic development and provides advice to developing nations.
General Agreement on Tariffs and Trade (GATT)
Signed in 1947 to expand world trade and reduce tariffs.
World Trade Organization (WTO)
Economic Institution Purpose
World Bank Offers loans and advice to developing nations
International Monetary Fund (IMF)
Promote international monetary cooperation and encourages global economic growth. Also monitors economic development and provides advice to developing nations.
General Agreement on Tariffs and Trade (GATT)
Signed in 1947 to expand world trade and reduce tariffs.
World Trade Organization (WTO)
To set up global rules to ensure that trade flows as smoothly and freely as possible.
World Bank building in
Washington, D.C.
Members of the IMF
What are problems with What are problems with global trade?global trade?
Outsourcing exploits poorer Outsourcing exploits poorer populations.populations.
Nations that try to meet Nations that try to meet international demands may start international demands may start specializing (focusing only on high-specializing (focusing only on high-value commodities).value commodities).
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How does global trade How does global trade benefit the world?benefit the world?
What are benefits to What are benefits to global trade?global trade?
1. Variety in goods and services1. Variety in goods and services 2. Competition ensures low prices2. Competition ensures low prices 3. People are exposed to new ideas, 3. People are exposed to new ideas,
technology, and communicationstechnology, and communications 4. Profits can be used to improve 4. Profits can be used to improve
citizens’ livescitizens’ lives 5. Nations involved tend to be more 5. Nations involved tend to be more
democraticdemocratic
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