What is Globalization?
The increasing unification of the world’s  economic order through the reduction of barriers to international trade.
(tariffs, import quotas, export fees)

What does that really mean?
National borders are becoming less important in business.
International products are easier to find.


Question 1:  What is this an example of?

File:Silk route.jpg

This is a map of the “Silk Road” and Indian “Spice Trade” that began in China and lasted until 1453.

Question 2: What is the most popular international franchise?
File:Subway world map1edit.png

Subway was founded in the USA in 1965. It now has over 35,519 restaurants in 98 countries.

Question 3: What else is the Mcdonalds Big Mac used for besides eating?

To measure purchasing power parity (PPP) in other countries.

Question 4: How was this map made?

By connecting friends worldwide using lines and dots. It created a map of the world.

Question 5: Why do we outsource? And where?

This is a map scaled to match population sizes. Why do you think we outsource to India and China now?

Question 6: Where was this photo take?

Question 7: What does all this mean for you? Good and bad?

Sporcle Quiz:

Activity: Think of everything you use/eat on a daily basis ad write it down.

Tariff: Extra price on goods brought into a country
Import Quota: Limit on the number of good brought into a country
Export Fee: Extra price on goods leaving a country
Purchasing Power Parity: The amount of money in each country it takes to buy the same goods.
Outsourcing: Hiring businesses in other countries to do part of your work

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