Global Economies

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Global Economies

• New Innovative

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Essential Questions

• Examine trade patterns in recent times. Global
  Transfer of Wealth
• How has the balance of trade begun to shift
  patterns global power and influence?
• What possible changes in these patterns can we
  expect based upon information from the past?

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Multinational Corporations

• Business organizations that operate across
  borders.
• They owe no allegiance to any country.
• THEIR FOCUS IS PROFIT WITHOUT NATIONAL LOYALTY.

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How We Measure Wealth

• The Gross National Product (GNP) is the total
  dollar value of all final goods and services
  produced for consumption in society during a
  particular time period.

• The Gross Domestic Product (GDP) measures output
  generated through production by labor and
  property which is physically located within the
  confines of a country.

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Gross National Product(2000 data,
billion dollars) (per capita)
Country of Global GDP of World Population
USA 32.9 4.65
Japan 13.4 2.09
Germany 6.0 1.36
Britain 4.6 0.99
France 4.2 0.97
China 3.7 20.84
Italy 3.5 0.95
Canada 2.3 0.51
Mexico 2.0 1.62
Spain 1.9 0.65
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Dependence of the 2nd World

• LATIN AMERICA
• Continued economic growth
• Based upon
• Resources
• Industrialization
• Despite relative political instability
• Halted in 1970s 80s

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Dependence of the 3rd World

• AFRICA
• Least developed
• Lack of
• Capital
• Technology
• Foreign markets
• Managerial class
• Very rich in resources
• Little or no industry

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East S.E. Asia

• Little Tigers
• Hong Kong Taiwan South Korea
  Singapore
• Phenomenal growth
• Serious competition for
• Japan
• U.S.A.
• European Union

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Economic Growth in Asia

• Pacific Rim Economic Sector
• Japan
• The Little Tigers
• China

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Taiwan
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Hong Kong
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Singapore
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Taiwan
China
Singapore
Japan
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Japanese Powerhouse

• U.S. aid, investments,
  protection
• W.W.2 gt aid to rebuild
• U.S. foreign investment
  
• U.S. military
  trade protection
• Export oriented
• Supported by low wages
• Shift to technology
  intensive production
• Model for the world

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East Asia

• CHINA
• Dengs economic reforms
• Privatization in coastal zones
• Open borders
• Sought technological parity

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Balance of Trade
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Post Soviet Asia
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Cost of Gasoline
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Global Trade Relations

• Some Organizations Enhanced Free Trade
• GATT
• WTO
• EC EU
• NAFTA
• Some Organizations
  Hinder Free Trade
• OPEC

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Trade Organizations

• FREE TRADE
• TRADING ALLIANCES
• GATT /WTO
• Developed nations
• ASEAN
• Southeast Asia
• EC EU
• European
• NAFTA
• American

ASEAN
NAFTA
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• Limited Trade
• Trade Cartel
• O.P.E.C.
• Oil Producing and Exporting Countries
• Limited Production
• Control supply/price

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The High Price of Dependence
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IRAQ
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Capital Punishment