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Economic Interdependence

Published on Feb 10, 2017

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1.

Economic Interdependence

Globalization
2.

Essential Question

  • How is economic interdependence changing the world?
3.

Economic Interdependence

  • Role of rapid transportation, communication, and computer networks
  • Rise and influence of multinational corporations
  • Changing role of international boundaries
Photo by Jorge Lascar
4.

Economic Interdependence Continued

  • Regional integration (European Union)
  • Trade agreements (NAFTA and the World Trade Organization)
  • International organizations (United Nations and the Intermonetary Fund)
Photo by woodleywonderworks
5.

It's a Small World After All!

Depending on eachother for raw materials, markets, and financial resources
6.

GLOBALIZATION: a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.

7.

Rapid transportation, communication (cell phones, laptops), and computer networks (email, online banking, social networking) makes interdependence even easier!

Photo by JASElabs
8.

Multinational corporations operate across borders to administer interrelated businesses often controlling production facilities and employing workers in many countries

9.

MNC's provide us with affordable low-prices, but with sometimes unfair labor wages and working conditions

10.

The Wal-Mart Effect

Can local businesses compete with the low operating and labor costs?
11.

If we buy cheap foreign-made products by low-paid workers, what will happen to our own jobs, factories, and cities?

12.

The European Union

Regional integration that makes countries cooperate AND dependent upon one another
13.

The World Trade Organization

  • The WTO
  • The principal international organization governing world trade
  • Comprised of over 153 member countries, 95% of world trade
  • For liberalizing international trade, a forum for governments to negotiate trade agreements
  • Resolves trade disputes
14.

NAFTA

The North American Free Trade Agreement
15.

International Organizations

  • Set international agendas around contemporary issues like poverty,human rights, debt crises
  • Mediate political bargaining and resolve disputes
  • Provide a place to create governmental and bank cooperation
  • Ex. United Nations (UN) and the International Monetary Fund (IMF)
16.

SUMMARY: The countries of the world are increasingly dependent on each other for raw materials, markets, and financial resources, although there is still a difference between the developed and
developing nations.

Curt Fritts

Haiku Deck Pro User