Issues of Expanding Globalization Related Issue 3 To what extent should we embrace globalization? In our studies of related issue #3 we will consider the following: Foundation of Economic Globalization To what extent did 20th Century world events shape contemporary economic globalization? Expanding Globalization To what extent do contemporary factors (such as transnationals, international agreements, communication technologies) contribute to expanding globalization? Globalization and Sustainability To what extent does globalization affect sustainability? Sustainable Prosperity To what extent can globalization bring sustainable prosperity to all people? Learn the Terms Refer to Chapter 9 for the answers economic globalization communism economic depression market economy Planned economic system in which government owns all means of production and all citizens work for government controlled enterprises Increasing economic integration between two countries, leading to the emergence of a global marketplace or a single world market. Capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand. Sustained, long term downturn in activity in one or more economies. World’s Worst Polluted Places Sumgavit, Azerbaijan Linfen, China Tianying, China Sukinda, India Vadi, India La Orova, Peru Dzerzhinsk, Russia Norilsk, Russia Chernobyl, Ukraine Kabwe, Zambia Pollution in China has reached worrying heights. Sixteen of the world's 20 mostpolluted cities are in China, and pollution from China is reaching the U.S. China’s Dark Clouds http://video.on.nytimes.com/index.jsp ?fr_story=c5a2900f04776133b6e4b2 9fa16279f4aa6df7e4 Maquilapolis: City of Factories Located along the Mexican side of the border Hundreds of factories produce a large variety of goods at a reduced price. Maquiladoras Offer employment Poor work conditions http://www.youtube.com/watch?v=tRdu5qo-htU Foxconn Electronic manufacturer Apple-Foxconn iSlave... http://www.yout ube.com/watch? v=9jOgRpO5i94 &feature=relate d Suicide rates at Foxconn... http://www.yout ube.com/watch? v=aBoFxpM1UY0