2nd Hour
1. “Issues in Globalization”,
p. 503-505
(interconnected financial
markets, multinational
corporations, job loss)
2. “Population Shifts”,
p. 505-506
(rural to urban, country to
country)
3. “Challenges Ahead”,
p. 506-507
(the developed world and the
developing world,
environmental protection vs.
development, competition for
resources)
4. “The United States in the
World Economy”, p. 507-508
(adapting to a changing
workplace, the pressure to
compete, the pressure to
innovate)
Pros
-multinationals have brought
benefits of…
-improving the environment
-rescuing collapsing factories
and rotting company towns
-establishing new industries
-laying new telecommunications
networks
-stabilizing banking systems
-introducing capital to
developing countries and
training labor
-fast developed cities
-more jobs
-more money
-well-trained people
-smarter nations
-well-paying jobs
-promote sustainable
development
-new opportunities- able to use
oil without restrictions
-the more consumers the more
money will be made
-competition between
companies is a good thing
because it makes companies get
better
Cons
-heavy losses on the New York
Stock Exchange raises concerns
among investors elsewhere in
the world
-contributed to the spread of
World Financial Crisis
-multinationals give low wages
in developing countries.
-not enough housing
-not enough schools
-over populated cities
-property crime
-diseases wide spread due to
unsanitary conditions
-international trade and
financial policies favor the
wealthier nations
-the rules set by the World
Trade Organization give
preference to developed
nations at their expense
-financial demands made by
IMF make things harder for
poor people
-deforestation (large-scale
destruction or forests
-rapid population growth leads
to scarce materials and food
-workers need to learn a lot of
new skills in a certain amount of
time
-new technology can be difficult
for workers to keep up with
-responding to customers
concerns and requests can be
challenging
-the pressure can make the
competition worse because
more people around the world
are reaching out
3rd Hour
1. “Issues in Globalization”,
p. 503-505
(interconnected financial
markets, multinational
corporations, job loss)
2. “Population Shifts”,
p. 505-506
(rural to urban, country to
country)
3. “Challenges Ahead”,
p. 506-507
(the developed world and the
developing world,
environmental protection vs.
development, competition for
resources)
4. “The United States in the
World Economy”, p. 507-508
(adapting to a changing
workplace, the pressure to
compete, the pressure to
innovate)
Pros
-goods and services lift poverty,
increase cultural awareness,
and technology
-flexible exchange rate
developed eastern Europe after
fall of communism opened-up
trade
-American financial firms lost
money or went out of business
-currency goes up and down
every day
-offshoring
-help grow smaller populations
-more opportunities, and new
challenges
-would be job opportunities
because of this
-people stop being lazy
-innovation
-paying to learn new skills
-economics becomes more
intense
-trade and exchange of goods
and products around the world
as well as more job
opportunities open to the public
Cons
-workers in other countries lose
out to workers with cheaper
labor
-human rights and
environmental protection and
gives more power to
multinational corporations
-can't provide housing, schools
and sanitation
-poverty, crime and diseases are
widespread
-more people would have to be
paid (cons on the people who
have to pay the workers)
-financial demands made by the
International Monetary Fund
make lives more difficult for
poor people
-a competition between
companies for profit and a
competition upkeep between
smaller businesses
-jobs start paying less
4rd Hour
1. “Issues in Globalization”,
p. 503-505
(interconnected financial
markets, multinational
corporations, job loss)
2. “Population Shifts”,
p. 505-506
(rural to urban, country to
country)
3. “Challenges Ahead”,
p. 506-507
(the developed world and the
developing world,
environmental protection vs.
development, competition for
resources)
4. “The United States in the
World Economy”, p. 507-508
(adapting to a changing
workplace, the pressure to
compete, the pressure to
innovate)
Pros
-broadens access to good and
services
-increases cultural awareness
-information and technology
spread easily
-financial markets are
connected which is good for the
economy
-cities offer more job
opportunities
-G-20 promoting growth for
developed countries
-wants to exploit their resources -international Monetary Fund
-greater diversity; cellular
phones rose from only 2 million
to over 60 million at the same
time other countries are
competing profits to meet the
growth demand
Cons
-workers in developed countries
may lose out to workers in
countries with cheaper labor
-globalization puts more power
in the hands of multinational
corporations
-heavy losses in the financial
market stocks are bad and could
fail the world
-cities grew so fast that they
cannot provide schooling and
housing
-less developed countries face
poverty
makes lives more difficult for
people in their countries
-deforestation
-globalization made economic
competition more intense
-competition affects business
relationships
-business managers face
constant pressure to cut cost
and increase profits
6rd Hour
1. “Issues in Globalization”,
p. 503-505
(interconnected financial
markets, multinational
corporations, job loss)
2. “Population Shifts”,
p. 505-506
(rural to urban, country to
country)
3. “Challenges Ahead”,
p. 506-507
(the developed world and the
developing world,
environmental protection vs.
development, competition for
resources)
4. “The United States in the
World Economy”, p. 507-508
(adapting to a changing
workplace, the pressure to
compete, the pressure to
innovate)
Pros
-world stock market increases
investment opportunities
-multinational corporations
bring more jobs and echnology
in developing countries
-world financial markets are
closely connected
-telemarketing is global
-skilled people have jobs
-developed modernized area
-more job opportunity
-better living
-investment
-companies that make new
products can gain a large share
of world market
-American workplace provides
greater diversity
-consumers are demanding a
greater very up products and
services
-it’s a more diverse work
experience working closely with
people; which increases
productivity
-freed up wasted labor for new
industries
Cons
-job loss (offshoring)
-offshoring is the key cause to
structural unemployment
-rapid urbanization
-financial problems
-less developed countries
-too many risky mortgage loans
-investors sold stocks globally
-cities are overpopulated
-poverty, crime, disease are
widespread
-brain drain
-illegal immigration
-cities offer more than rural
areas
-poverty, crimes, and disease
are widespread
-rapid urbanization has caused
several problems
-cities grow too fast then it
can’t provide
-International Monetary Fund
makes lives more difficult for
poor people
-rapid development can cause
environmental damage
-deforestation helps global
warming and destroys rare
plant and animal species
-economic growth has led to
contamination of water supply
-oil, gas, and water are
dwindling
-change in technology displaces
workers
-need to retrain displaced
workers
-being left behind as work
movies in a new direction