An Interdependent World

As national economies become interdependent, goods as well as ideas spread. While many

countries have benefited from globalization, all can be impacted by an economic crisis in one

country. As developing countries become manufacturers and as more vehicles are used

throughout the world, the increasing demand for oil raises the price.

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The World TodaySection 2: Globalization

Witness History Audio: A Connected World

Color Transparency 207: Global Interdependence

Note Taking Transparency 205

Geography Interactive: World Oil Resources and Consumption

Global Trade Organizations and Treaties

International organizations, such as the UN, and treaties, such as the General Agreement on

Tariffs and Trade, link people and nations around the world. Nongovernmental organizations

help many people worldwide, and there are also small coalitions of countries that try to help each

other through free trade agreements.

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The World TodaySection 2: Globalization

Color Transparency 208: Man/Life/problem Solving, by Joel Nakamura

Costs and Benefits of Global Trade

Globalization can benefit consumers by keeping prices low. It also spreads new ideas and

technology. Some people believe that developing countries are being exploited for their cheap

labor and their resources and that the World Bank and IMF require economic policy changes that

are too drastic for many nations to survive.

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The World TodaySection 2: Globalization

QuickTake Section Quiz

Progress Monitoring Transparency

The World Today: Section 2Color Transparency 207: Global Interdependence

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The World Today: Section 2Note Taking Transparency 205

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The World Today: Section 2Color Transparency 208: Man/Life/Problem Solving, by Joel Nakamura

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The World Today: Section 2Progress Monitoring Transparency

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