Globalization What is Globalization w Combination of trade

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Globalization

Globalization

What is Globalization? w Combination of trade and mixing of cultures on a worldwide

What is Globalization? w Combination of trade and mixing of cultures on a worldwide scale w Trade & cultural interactions often caused through advances in technology.

History of Globalization w “First era of globalization” – 19 th century w Imperialism

History of Globalization w “First era of globalization” – 19 th century w Imperialism – economic & political domination of one culture by another w Based on the Pax Britannica w Ended with WW I

Pax Britannica: Period of British Imperialism & expansionism after 1815 Battle of Waterloo

Pax Britannica: Period of British Imperialism & expansionism after 1815 Battle of Waterloo

Globalization since WWII w Emphasis on trade w Agreements reached through negotiations w GATT

Globalization since WWII w Emphasis on trade w Agreements reached through negotiations w GATT w WTO w OPEC w NAFTA

GATT: General Agreement on Tariffs & Trade w Began in 1944 to prepare for

GATT: General Agreement on Tariffs & Trade w Began in 1944 to prepare for economic recovery after WWII w Goals: reduce tariffs & trade barriers

WTO: World Trade Organization w Replaced GATT in 1994 w Sets rules for global

WTO: World Trade Organization w Replaced GATT in 1994 w Sets rules for global trading w Resolves disputes

WTO Member States

WTO Member States

OPEC w Organization of Petroleum Exporting Countries w Founded in 1960 w 12 oil

OPEC w Organization of Petroleum Exporting Countries w Founded in 1960 w 12 oil producing nations w Middle East largest producers

OPEC

OPEC

NAFTA: North American Free Trade Agreement w 1994 free trade agreement between Canada, U.

NAFTA: North American Free Trade Agreement w 1994 free trade agreement between Canada, U. S. , & Mexico w Free Trade: unhindered flow of goods & services between countries

Capitalism w. Economic system w. Predominantly privately owned w. Operated for profit w. Employment

Capitalism w. Economic system w. Predominantly privately owned w. Operated for profit w. Employment of labor

Globalization and Cultures Immigration: the act of relocating to another country or region with

Globalization and Cultures Immigration: the act of relocating to another country or region with the intent to stay permanently

Globalization and Cultures w Travel w Tourism

Globalization and Cultures w Travel w Tourism

Globalization and Cultures Music

Globalization and Cultures Music

Globalization and Cultures Food

Globalization and Cultures Food

Globalization and Cultures Language

Globalization and Cultures Language

Globalization and Cultures Religion

Globalization and Cultures Religion

Globalization and Cultures Communication

Globalization and Cultures Communication

Outsourcing: shifting operations to another country

Outsourcing: shifting operations to another country

Arguments for Globalization w Represents “people of the world” w Free trade for all

Arguments for Globalization w Represents “people of the world” w Free trade for all w Increased employment w Outsourcing w Capitalism

Arguments Against Globalization w Interests of the poor and working class are not considered

Arguments Against Globalization w Interests of the poor and working class are not considered w Free trade for all? w Dominant cultures force their customs on other cultures w Terrorism w (Racism)

How might the events surrounding 9/11 show us the effects of globalization?

How might the events surrounding 9/11 show us the effects of globalization?