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Globalization

Globalization. What is a global society?. Globalization refers to the process by which one society becomes integrated with other nations around the world. A global society is possible because of how interdependent our world is. We are increasingly interdependent because of:

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Globalization

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  1. Globalization

  2. What is a global society? • Globalization refers to the process by which one society becomes integrated with other nations around the world. • A global society is possible because of how interdependent our world is. • We are increasingly interdependent because of: • Transportation and communication • Spread of democracy • Rise of free trade • Outsourcing – sending work to the developing world

  3. QW How would our society be different without oil?

  4. Natural Resources Oil plays a huge role in in an interdependent world. First world countries dependent on oil.

  5. QWWhy is it important to be a part of a global society?

  6. What alliances work toward global security? United Nations, NATO

  7. United Nations

  8. North Atlantic Treaty Organization

  9. What is free trade? Trade without restrictions (like taxes, tariffs, regulations, etc.)

  10. NAFTA • North American Free Trade Agreement • Began January 1, 1994 • Canada, Mexico, and U.S. • Facilitates trade between member nations

  11. European Union (EU) • Established in 1993 by the Maastricht Treaty • 27 member nations • 500 million citizens • Produces 30% of the world’s GDP • Freedom of movement of people, goods, services and capital • Common policies throughout member states

  12. Members of the IMF World Bank building in Washington, D.C.

  13. World Trade Organization

  14. What are problems with global trade? • Outsourcing exploits poorer populations. • Nations that try to meet international demands may start specializing (focusing only on high-value commodities).

  15. QW How does global trade benefit the world?

  16. What are benefits to global trade? • 1. Variety in goods and services • 2. Competition ensures low prices • 3. People are exposed to new ideas, technology, and communications • 4. Profits can be used to improve citizens’ lives • 5. Nations involved tend to be more democratic

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