GLOBALIZATION
Standard 12.2: Students analyze the
elements of America’s market economy
in a global setting
Standard 12.6: Students analyze issues
of international trade and explain how
the U.S. economy affects, and is
affected by, economic forces beyond
the U.S. borders.
SWBAT: Define globalization and identify it’s
pros & cons, myths & realities
Globalization
• The process of
making something,
such as a business,
international or the
result of this.
• What is the result
of this? Discuss
the pros & cons
with your partner.
Globalization
Pros
Cons
10 Myths of
Globalization
Myth: Something people widely
believe to be true but is actually
false.
• Skim your myth
• With your partner/group you will:
– Read your myth aloud
– Give one example from the reading of
why the myth is untrue (have your
example written down)
MYTH #1
• Increased Trade Equals More Jobs
For Americans at Higher Wages.
• Why this is false:
MYTH #2
• Governments Protect the
Environment More as Global Trade
Creates Economic Growth.
• Why this is false:
MYTH #3
• Foreign Investment Automatically
Raises Living Standards.
• Why this is false:
MYTH #4
• Free Trade Benefits Consumers.
• Why this is false:
MYTH #5
• Globalization “Lifts All Boats”
• Why this is false:
MYTH #6
• What Benefits Corporations Benefits
Us All.
• Why this is false:
MYTH #7
• Sweatshops Are Not Necessarily a
Bad Thing; That’s How the United
States Developed, After All.
• Why this is false:
MYTH #8
• Immigrants Are a Drain on the U.S.
Economy.
• Why this is false:
MYTH #9
• Globalization Will Spread Freedom
and Democracy by Increasing Trade
Between Nations.
• Why this is false:
MYTH #10
• U.S. Workers Don’t Need to Worry
About Globalization Because We’re
So Much More Productive.
• Why this is false:
Wrap-up
•
•
•
•
Why do countries trade?
What do countries trade?
What are the terms of trade?
What are some of the costs and
benefits of international trade?