Globalization

The Great Debate

What is Globalization

3 Primary Systems that unite the world1. Economic 2. Political 3. Cultural

Economic Policies

• Pursuit of “free market” policies between nations

• Means of attracting new investments from other nations

• Reduction of trade barriers

Made in the U.S.A

Political

• Government regulations regarding imports and exports

• Migration rules and policies• Spread of technology (Arab Spring)• Military presence• Climate Change

Cultural

• Circulation of Ideas from other parts of the world

• Mixture of languages that could influence local language

• Influence on popular culture

Positive Aspects of Globalization

• Money poured into developing countries raises their standard of living

• Encourages creativity and innovation while keeping prices lower

• Improved interaction and coordination between governments

• Greater access to foreign cultures…more choices (music, food, clothing, etc.)

Negative Aspects of Globalization

• Outsourcing hurts local community• Individuality begin to fade• Greater chance of disease being global• Little international regulation• Exploitation of poor countries by the rich

(assisted by World Bank and IMF)

Class Assignment

• Working in groups of 4-5 do the following:1. Brainstorm 3 areas in your life that have been

positively effected by globalization (be specific)2. Brainstorm 3 areas in your life that have been

negatively effected by globalization (again be specific)

3. Where does your group stand on the issue of globalization, is it a good or bad thing? MUST TAKE ONE SIDE and be ready to defend it. (Answer the questions as a group)

IMF & World Bank

• International Monetary Fund• The International Monetary Fund (IMF) is an organization of

187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

• World Bank• We are not a bank in the common sense; we are made up of

two unique development institutions owned by 187 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Writing Assignment

• See Hand-Out– 3 pages typed, double spaced, formatted– Will have class time to work on it– Absolute Deadline: