What is globalization? How does a country benefit from globalization? What are drawbacks to globalization? Which type of economy does best in the globalization process?
We will delve into what globalization means by first watching the video and creating a wordle about what globalization means to you. Then we will address main points of globalization and develop our definition of globalization. This will move into the Talesh activity to see the difference between a developed country (like the United States) and a developing country (like Talesh).
These are regional trade agreements. Regional means the organization is based on location.
We will focus on key terms to understanding globalization before we move onto applying what we learned with BRIC countries. (ISN8)
Define and provide an example
Compare free trade and fair trade. Then write a thesis statement explaining which trade you think is better. LINK
Part Two: Supply and Demand
So supply and demand can be tricky to understand, I mean look at that graph to the right! However, it is actually very simple and will help you better understand prices and cost, how people play a role in the economy and more.
Watch the video and answer these questions.
Option 1: Explore a current event article to see what is new with the BRIC world.
Task: What should someone know about the BRIC countries?
The World in 2050: When the 5 Largest Economies Are the BRICs and Us
Option 2: There is an argument brewing that BRIC should really now be known as BRICS.
Task: What can you find about the "S"? What country are they referring to and how would this country benefit the remaining countries?
Option 3: There is a new acronym on the horizon. The "MINT" countries are proving to be good competition for the BRIC countries.
Task: Who are these new countries? What can they offer to the process of globalization? How are these countries similar/different to the BRIC countries?
Option 4: Watch this video to see how the US and BRIC countries compare.
Task: What is the future of globalization? What does the US have to offer the global market? How does it compare to the other countries mentioned?