Bell Ringer
• What is globalization?
Globalization
A phenomenon by which economic agents in any
given part of the world are affected by events
elsewhere in the world.
The growing integration of the national economies of
the world to the degree that we may be witnessing
the emergence and operation of a single worldwide
economy.
Causes of Globalization
1st Era of Globalization
 1850s – 1920s
 Free movement of people between countries
 Ended with the World Wars I and II
2nd Era of Globalization
 1990s - present
 The coming together of political and economic ideals
 The End of the Cold War


Fall of the Berlin Wall in 1989
End of the Soviet Union in 1991

Communication and Transportation

Governments began to encourage working and trading with more
countries
 Advancing Technology
 Policy Changes
Outsourcing and Offshoring
Outsourcing – the term used to describe work
done for a company by another company or by
people other than the original company’s
employees.
Offshoring – the term used to describe work done
for a company by persons other than the original
company’s employees in a country other than the
one in which the company is located.
The Other Side of Outsourcing
• What are some of the positives and negatives of
globalization?
• While watching “The Other Side of Outsourcing” keep
a “T” chart to track the positives and negatives of
globalization.
Positives
Negatives
Bell Ringer
• What is outsourcing?
Cost and Benefits of Globalization
• Please read The Costs and Benefits of
Globalization
• p. 46 – 50
• Add to or highlight on your “T” Chart
Bell Ringer
• What is one positive and one negative effect of
Outsourcing?