EQ1: How is the world interconnected today?

Key Terms: United Nations, OPEC, GATT, Green Revolution, Kyoto Protocol, Globalization, Technology

United Nations 1945, International Org: deals with

economic & social development, human rights, humanitarian aid, & international law.

OPECOrg. of Petroleum Exporting Countries 1960 est. between Saudi Arabia, Iran,

Iraq, Kuwait, Venezuela & several small states along Persian Gulf

End power of Western Oil companies, & determine production quotas & prices

1973: Oil was used as a weapon during Yom Kippur War, caused a world wide recession

World Trade Org GATT: General Agreement on Tariffs &

Trade Goal: to set global rules to ensure that

trade flows as smoothly & as freely as possible

Oppose: protectionism – use tariffs & other restrictions that protect a country’s home industries against international competition

Environment Pollution threatens the environment, oil

spills, acid rain, deforestation, global warming, erosion

1960s Green Revolution Helped to avert famine & increase crop

yields in many parts of the world Fertilizers & pesticides contain dangerous

chemical that may cause cancer & pollute

Kyoto ProtocolTreaty signed in 2005, by 140 countries Purpose to lower emissions of carbon

dioxide & other “green house” gases that contribute to global warming

Globalization National economies, politics, cultures,

societies, technology, & education become integrated

Multinational Corp.- assets in many countries & sell their goods & services world wide

Invested in developing world.