Global Interdependence Agenda 1. Quick Review Genocide and Terror (10) 2. Lecture: Global Interdependence/Post Cold War India (20) 3. Comparing leaders: Indira Gandhi vs. Thatcher (10) 4. Developed vs Developing World Guess that location!! (10) 5. Quick Discussion: Problems with Globalization 6. Practice SOL questions 1-30 (30) Economic Interdependence • Companies have a global role in society. – McD’s, KFC, Coca Cola. • Common Currency (European Union) • Travel in EU countries easier. – Turkey….. • Any problems within a country can become a global issue economically. • Economic Downturn in 2008 occurred worldwide. Greece hit so hard it almost left EU. Globalization of Companies Government Intervention? • Bosnian Genocide – Ethnic Cleansing campaign led by Bosnian Serbs against Bosniaks and Croats within the country. – First official Genocide after the Holocaust, occurring between 1992-1995 Bosnian War. – NATO would issue airstrikes in 1995 against Serbs, and the conflict would come to an end. – Death toll varies between 8.500 (classified as genocide) • Bill Clinton promised to end ethnic cleansing in his campaign. • He responded here with NATO forces Developing vs Developed World • Developing Countries often are more agricultural or industrial, focusing on raw materials. • Standard of Living is lower. • Population growth is high, along with infant mortality. • There is little regulation with maintaining environmental protections. Does Government play a role? • Some claim that a free market system guarantees a better standard of living, vs one that is limited. • Does government regulation lead to better social conditions? Cold War Worldwide • Margaret Thatcher – Prime Minister of Britain until 1990. – Known as “Iron Lady” for her strong stance on Communism. – Supported Reagan • Indira Gandhi – Before her assassination in 1984, she sought ways to develop a nuclear program in India. – Developed close ties with the Soviet Union Developed? Or Developing? Developed? Or Developing? Developed? Or Developing? Developed? Or Developing? Developed? Or Developing? Developed? Or Developing?