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We will be watching the video about the
population of the world again. I want you to
pay attention to the little white dots. There
are time periods when those dots will
disappear. Keep in mind each white dot
represents 1 million people. Do not look
away from the video…you might miss
something important.
http://www.youtube.com/watch?v=9_9SutNmfFk&feature=related
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In your notes in the space below write down
some challenges you think the world will face
due to population growth. Write down some
things that population growth helps.
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http://www.youtube.com/watch?v=VeWayR
m0cmU&feature=related
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We have already learned that globalization is
the creation of a single global economy and
community. We will now look at the
challenges of globalization.
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Offshoring – Many companies are moving
their production facilities to countries where
the costs of labor and other productive
factors are lower.
Outsourcing – companies hiring other
companies, usually over seas, to produce
parts or to provide other services.
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Benefits –
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People enjoy goods and services from around the world.
Enjoy the benefits of connectivity.
Sped up the pace of economic development
Increased the standard of living
Costs –
 Manufacturing has shifted away from countries where
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labor costs are higher.
Workers have lost jobs in more developed countries.
Workers in newly developed countries are forced to work
long hours under harsh conditions.
Increased pollution.
Global climate change
Spread of diseases
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Definition – the exchange of goods and
services
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Trade occurs because different areas tend to
specialize in specific economic activities.
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Natural Resources – come from nature.
Examples: Oil and Coal
Climate – factor affecting the location of
economic activities. For example, crops can
only be grown in certain locations.
Human Resources – workers
Infrastructure – type of capital resources.
Investment society makes by building roads,
laying railroad tracks, constructing power
plants, and setting up phone and Internet
lines.
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Productive resources are not spread evenly
around the world.
Various parts of the world have different
climates, landforms, soils, and minerals.
Farmers are only able to grow crops in certain
regions at certain times.
Some regions are unable to grow crops at all.
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This is the world’s most important natural
resource.
It shows how things are distributed unevenly.
Oil and natural gas are not found everywhere.
Some countries have no oil and some such as
Saudi Arabia have an abundance.
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The number of people available to work.
China has an abundance of workers willing to
work for low wages. WHY???
In highly developed countries worker have
strong educational backgrounds and have the
expertise and knowledge to improve
production.
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Each region tends to make certain types of
goods based on the productive resources it
has available.
Each region will produce those goods and
services it can make at the lowest cost.
They are able to make these goods faster and
more efficiently.
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Different regions depend on one another for
supply many goods and services.
They are exchanged through trade.
Countries and regions export products they
make and import products from others.