Transcript Modern World Issues - Richmond Heights High School

MODERN WORLD
ISSUES
1 .1
GLOBAL CONNECTIONS
Global connections is a theme throughout the
Modern World Issues course.
Nations and peoples are interconnected
through trade, alliances, treaties and
international organizations.
Connections among nations and peoples of
the world are ever changing
GLOBAL CONNECTIONS
Nations are connected through economic
activity
Trade-Nations import and export goods and
services as a means to satisfy demand
Along with these products also come ideas
and cultural practices
TRADE AND GLOBALIZATION
International trade is the exchange of goods
and services across national borders.
In most countries, it represents a significant
part of their economy (GDP)
 While international trade has been present
throughout much of history, its economic,
social, and political importance have
increased in recent centuries
GLOBALIZATION
 Mainly because of Industrialization, advanced
transportation, globalization, multinational
corporations, and outsourcing.
 In fact, it is probably the increasing prevalence of
international trade that is usually meant by the term
"globalization".
 Globalization- is a process of interaction and
integration among the people, companies, and
governments of different nations
IS INTERNATIONAL TRADE GOOD?
 There have been many organizations and agreements
dedicated to increasing international trade
 They seek to reduce barriers to trade between
nations which leads to cheaper products on the
market
 However, some argue this has negative effects such
as outsourcing and low wages
INTERNATIONAL TRADE
ORGANIZATIONS
 Use a computer to research each one of these trade
agreements then answer the questions on the
following slide
 North American Free Trade Agreement (NAFTA)
 World Trade Organization (WTO)
 Organization of Petroleum Exporting Countries
(OPEC)
ASSIGNMENT
How do these organizations promote
interconnectedness?
What are the advantages and disadvantages
of these trade agreements?
Besides products what else is being
exchanged when nations trade with one
another?