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Bell Ringer

This article delves into the phenomenon of globalization, tracing its evolution from the 19th century to the present. It discusses the causes of globalization, the eras of globalization, and the rise of outsourcing and offshoring. Explore the positives and negatives of globalization and understand the cost and benefits associated with this global economic interconnectedness.

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Bell Ringer

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  1. Bell Ringer • What is globalization?

  2. Globalization A phenomenon by which economic agents in any given part of the world are affected by events elsewhere in the world. The growing integration of the national economies of the world to the degree that we may be witnessing the emergence and operation of a single worldwide economy.

  3. Causes of Globalization 1st Era of Globalization • 1850s – 1920s • Free movement of people between countries • Ended with the World Wars I and II 2nd Era of Globalization • 1990s - present • The coming together of political and economic ideals • The End of the Cold War • Fall of the Berlin Wall in 1989 • End of the Soviet Union in 1991 • Advancing Technology • Communication and Transportation • Policy Changes • Governments began to encourage working and trading with more countries

  4. Outsourcing and Offshoring Outsourcing – the term used to describe work done for a company by another company or by people other than the original company’s employees. Offshoring – the term used to describe work done for a company by persons other than the original company’s employees in a country other than the one in which the company is located.

  5. The Other Side of Outsourcing • What are some of the positives and negatives of globalization? • While watching “The Other Side of Outsourcing” keep a “T” chart to track the positives and negatives of globalization.

  6. Bell Ringer • What is outsourcing?

  7. Cost and Benefits of Globalization • Please read The Costs and Benefits of Globalization • p. 46 – 50 • Add to or highlight on your “T” Chart

  8. Bell Ringer • What is one positive and one negative effect of Outsourcing?

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