Globalization · 2020-05-02 · Globalization . RUNDO 3 Reasons why international trade has...
Transcript of Globalization · 2020-05-02 · Globalization . RUNDO 3 Reasons why international trade has...
Globalization
RUNDO 3
Reasons why international trade has increased dramatically:
1. Multinational corporations have increasing power. 2. Travel + shipping are cheap and safe. 3. Governments have decreased tariffs + regulations on
international trade.
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(n) international trade left to its natural course without tariffs, quotas, or other restrictions
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free trade
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(n) Finances given to companies or groups from the government in order to stimulate economic activity or promote activities that are in the public good
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government subsidies
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Industrial Revolution: • Industrialized Western powers produced most
manufactured goods and sold them internationally
• But most of them were sold domestically (in their own country)
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Global Trade of the past
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Since 1960s: • Other countries are making manufactured
goods • Some for their own country • But most internationally
Example: Device you are on now was probably manufactured in China with parts manufactured all of the world
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Global Trade of the present
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(n) movement of people from one place to another with the intentions of settling, permanently or temporarily (We are obviously talking about human migration.)
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migration
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Population growth over time
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Think of how far we’ve come…
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Job Changes
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Negative Environmental Effects
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Health
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Economically dependent world less likely to go to war?
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Spread of Democracy
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Polarization of wealth
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Is globalization a net positive or negative?