DEVELOPMENT. CHAPTER 11: KEY ISSUE 4 p Vocab: Notes: p. 10
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1 DEVELOPMENT CHAPTER 11: KEY ISSUE 4 p Vocab: Notes: p. 10
2 DO NOW: BINDER Open to #44 in your vocabulary. DO NEXT: DEVELOP AN LDC It s time to make a microloan!
3 Wednesday, December 6 Learning Goals I can analyze the causes and consequences of international trade and growing interdependence in the world economy.
4 International trade and trading blocs (EU, NAFTA) have become more important as a result of globalization. 44 EUROPEAN UNION (EU) political and economic supranational organization of 27 European states Ex: common currency, open borders 45 NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) a trilateral trade bloc of Canada, US, Mexico that increased standard of living in Mexico and encouraged growth of maquiladora plants Ex: Canada, US, Mexico
5 Index of Globalization 1970 to 2008
6 Index of Globalization 1970 to 2008
7 Geographies of interdependence in the world economy include global financial crisis, the shift in manufacturing to newly industrialized countries, imbalances in consumption patterns, and the roles of women in the labor force. 49/85 OUTSOURCING moving an aspect of production to NICs to take advantage of cheaper labor; SIG impact on dist. of manufacturing Ex: using low-cost labor in LDCs! iphone (China)
8 Geographies of interdependence in the world economy include global financial crisis, the shift in manufacturing to newly industrialized countries, imbalances in consumption patterns, and the roles of women in the labor force. 50/86 NEW INTERNATIONAL DIVISION OF LABOR reorganization and relocation of economic activities (jobs) from a national to a global scale; Ex: outsourcing, time-space compression, comparative advantage, transnational corporations, NAFTA
9 Geographies of Interdependence Where did your Starbucks come from?
10 Geographies of Interdependence Where and why do geographies of interdependence lead to imbalances in consumption patterns?
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13 Geographies of Interdependence Geographies of interdependence in the world economy include the roles of women in the labor force.
14 Homework THURSDAY Read: Chpt 11, KI 4 (p ) Notes: p. 10 Vocab: #84-88 FRIDAY Africa Map Quiz
15 DO NOW: BINDER Open up your binders to your vocabulary and take out your questions. DO NEXT: RECITE & REVIEW Review the vocab & questions with a neighbor. Make sure to give good examples.
16 Thursday, December 7 Learning Goals I can explain how economic restructuring and deindustrialization are transforming the contemporary economic landscape. Outsourcing and economic restructuring have led to a decline in jobs in manufacturing regions and to the relocation of a significant segment of the workforce to other areas.
17 Explain how economic restructuring and deindustrialization are transforming the contemporary economic landscape Economic Restructuring Transition from manufacturing to services Increasing globalization Technological change Increasing concentration of wealth/capital in elite Deindustrialization Decline in manufacturing employment in MDCs
18 How did Trump win the Rust Belt?
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20 85 RIGHT-TO- WORK LAWS a union and a company cannot negotiate a contract that requires workers to join a union as a condition of employment
21 85 RIGHT-TO- WORK LAWS a union and a company cannot negotiate a contract that requires workers to join a union as a condition of employment
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23 2007 FRQ Economic restructuring is transforming the world economy. A. Define and discuss the key features of the new international division of labor (also known as global division of labor). B. Explain an impact of the new international division of labor on the socioeconomic structure of the United States. C. Explain an impact of the new international division of labor on the socioeconomic structure of developing countries such as Mexico, China, and India.
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28 Homework FRIDAY Africa Map Quiz
29 DO NOW: AFRICA MAP QUIZ Let s go. You got this.
30 Friday, December 8 Learning Goals I can explain how in countries outside the core, the diffusion of industry has resulted in the emergence of the international division of labor and manufacturing zones. maquiladoras special economic zones free trade zones
31 51 Maquiladoras How has NAFTA increased manufacturing in Mexico? Why do plants locate near the US/Mexico border? What are the pros/cons of Maquiladoras?
32 51 Maquiladoras How has NAFTA increased manufacturing in Mexico? Why do plants locate near the US/Mexico border? What are the pros/cons of Maquiladoras?
33 52 Special Economic Zones (SEZs) Specific area within a country in which tax and investment incentives are implemented to attract foreign (and domestic) businesses and investment Labor is cheaper and weak environmental restrictions Ex: China s east coast
34 53 Free Trade Zones (FTZs) Goods can be traded without any barriers imposed (quotas, tariffs) Near international seaports, airports Attract labor-intensive manufacturing Used by transnational corporations Ex: NAFTA, EU
35 61 Ecotourism Responsible travel to natural areas that conserves the environment, sustains the wellbeing of the local people, and involves education National parks and protected areas Ex: Costa Rica
36 87 Fordist Production mass production by assembly line Ex: uneducated workers, performing one task repeatedly (auto) 88 Post-Fordist Production lean production! work in teams, high-wage, high-skill new machinery increases efficiency, need skilled operators Ex: Toyota; computer manufacturing
37 REVIEW SESSION #1 Sunday 3-5PM REVIEW SESSION #2 Monday 7:45AM & 12:00PM FRQ MULTIPLE CHOICE Tuesday Wednesday
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