Globalization

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Reasons why international trade has increased dramatically:

1. Multinational corporations have increasing power. 2. Travel + shipping are cheap and safe. 3. Governments have decreased tariffs + regulations on

international trade.

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(n) international trade left to its natural course without tariffs, quotas, or other restrictions

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free trade

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(n) Finances given to companies or groups from the government in order to stimulate economic activity or promote activities that are in the public good

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government subsidies

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Industrial Revolution: • Industrialized Western powers produced most

manufactured goods and sold them internationally

• But most of them were sold domestically (in their own country)

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Global Trade of the past

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Since 1960s: • Other countries are making manufactured

goods • Some for their own country • But most internationally

Example: Device you are on now was probably manufactured in China with parts manufactured all of the world

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Global Trade of the present

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(n) movement of people from one place to another with the intentions of settling, permanently or temporarily (We are obviously talking about human migration.)

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migration

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Population growth over time

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Think of how far we’ve come…

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Job Changes

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Negative Environmental Effects

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Health

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Economically dependent world less likely to go to war?

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Spread of Democracy

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Polarization of wealth

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Is globalization a net positive or negative?