GLOBALIZATION World History

STINGER1. What does the

image to the left tell you about global culture?

2. What does the image to the left tell you about international business?

3. What does the image to the left tell you about the differences between the “global north” and the “global south.”

4. What might explain the popularity of businesses like McDonalds and Starbucks?

SO GLOBAL, YOU CAN MEASURE CURRENCY VALUATION BY IT: The Economist measures the correctness of currency exchange rates based

on the market price of a McDonald’s Big Mac in different countries and the market price of a Tall Starbucks Latte in different countries.

GLOBALIZATION-

The process that links people around the world as a result of shared activities and interests. Fueled by Technology and an expanding communication network, globalization creates cultural, social, environmental, health, and economic connections among countries. Not New! Positive and Negative effects Increasing in Speed and Depth based on improving communication and travel technology

POLITICS – GREATER POLITICAL INTERCONNECTEDNESSPositive Effects

More international coalitions

More treaties

Multinational organizations United Nations World Trade Organization North Atlantic Treaty Organization European Union Asean Etc

Trend toward Democratization

Liberalization

Fewer state vs. state wars

Negative Effects

Regionalism

Barriers to Migration

Isolationism

Protectionism

Extremism as a means of protecting political autonomy

Internal conflict and civil war

ECONOMICS- FREE TRADE IS MUTUALLY BENEFICIAL Positives

Organizations to encourage free trade (World Trade Organization)

Multilateral trade agreements European Union Nafta

Greater specialization of goods and services

Overall global reduction in poverty

Increased trade in goods and services

Increased labor pool

Liberalization of worker standards in developing countries

Reduction in price of goods and services

Improvement in global standard of living

Negatives

Dominance of multinational corporations, mostly based in the global North

Shipment of jobs from one area to another

Increased stress on environments to produce more goods and services

Environmental strain on developing countries

Endangered wildlife in developing countries

Loss of skill sets in areas that overspecialize

Unfair or illegal trade practice that create of enforce systems of dependency

Rampant cheating in WTO system Chinese Shrimp US Steel Farm subsidies

RELIGION- GLOBALIZATION OF RELIGIOUS PRACTICEPositives

Increased knowledge of and understanding of multiple types of religious practice

Increased communication and cooperation between religious leaders

Negatives

Reduction in religious diversity

Disappearance of smaller sects

Rise in extremism of every form

SOCIAL

Positives

More interaction between people

More communication between people

Easier travel and communication improves relationships and understanding over long distances

Breakdown of myths

Increased diversity of cities

Negatives

Increasing in-group out-group behaviors

Increasing conflict?

Homogenization of world culture

Death of languages

Death of smaller cultures

Loss of cultural features

INTELLECTUAL

Positives

Increased flow of information around the world

Greater leaps and bounds in knowledge

Technological leap frogging

Near-instant sharing of information

Increased knowledge of world events, conflicts, genocides, etc.

Increase in how fast innovations are made and shared

Difficulty of governments to limit access to information

Negatives

Disappearance of privacy

Sharing of sensitive information (WikiLeaks, Edward Snowden)

Difficulty for individuals to control information flow

Spread of false narratives or ideologies just as quickly as real stuff (Autism is caused by vaccines!! Wait, no it’s not, but here are some measles.)

GEOGRAPHY/AREA

Positives

Greater interactions between different areas of the world

More movement of people around the world

Greater ability of people to react to natural disasters

Removal of geographic boundaries to trade, communication, etc.

Negatives

Environmental destruction in developing countries due to rapid industrialization

Legal restriction to migration and isolationist policies

People living in greater concentrations in international cities with strong access to trade are more susceptible to loss in a natural disaster

Removal of geographic boundaries that have allowed people to maintain cultural practices and resist the dominant culture.

MOVIE QUESTION

How has globalization created winners and losers?

EXIT TICKET

Has globalization has an overall good or overall bad impact on the world? Explain.