What does it mean to be a Global Citizen?

AGENDAMay 21-29, 2014

Today’s topics Global Citizen Reports Comparative Economic Systems Final Exam review (Units 5-8)

Administrative Bring TEXTBOOK to class every day Final Exam study sessions next week

Dates/times TBD

Homework Begin reviewing Units 5-8 for Final Exam

Global Citizen Reports

Learning GoalsUnit 8 Guide

• To what extent should governments participate in the economy?

• Describe/explain these three economic systems:oCapitalismoCommunismo Socialism

• Which of these economic systems is best? Why?

Two Strands of MarxismSOCIALISM COMMUNISM

History: Worked within democratic systems by promising social services/jobs

History: Overthrew governments and created dictatorships in the name of the people

Some central planning Centrally planned economy (Command Economy)

Most property is privately owned State owns all land and housing (Collectivization)

Only large industries are nationalized No privately owned businesses

High taxes fund healthcare, child care, education, etc. (Welfare State)

State provides healthcare, child care, education, etc.

Free elections Controlled elections

Strong unions and worker protections State-controlled unions

The U.S. in a Global EconomyGlobalization: Increased economic interdependence, driven by advances in technology and the desire for increased international trade

Protectionism: Government controls on imports to protect domestic industries/jobs from foreign competition Tariff = Tax on imports; a prime tool of protectionism Others = import quotas, trade embargoes

NAFTA: U.S.-Canada-Mexico free trade zone (eliminates tariffs and other trade barriers)

WTO: Sets/enforces rules for international commerce among member nations

Final Exam Review

Homework

Before you leave Pick up your belongings & any trash Straighten desks

Homework Begin reviewing Units 5-8 for Final Exam

Reminder Bring TEXTBOOK to class every day