~ TLW ~ Topics for Discussion ~ Page Three ~

~ Discuss with a teacher, in pairs, or in groups ~ Then share your results in a classroom discussion ~

1) To begin with, in groups or in pairs, select the questions you¡¯d like to talk about. 

2) Then, in pairs or in groups, ask questions and share ideas in your conversations .

3) Finally, share your ideas (as a whole) in a classroom discussion (with all pairs/groups).

 

For specifics, see TLW Classroom Lesson Procedures: Click here    

~ Topic Discussion ~ 308 ~ Globalization and Trade  ~

Adapted from Wikipedia

Globalization (or globalisation) is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.

Advances in transportation and telecommunications infrastructure, most recently the Internet, are major factors in globalization generating further interdependence of economic and cultural activities.

The term globalization has been used increasingly since the mid-1980s.

 

In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization:

 

1) trade and transactions

2) capital and investment movements

3) migration and movement of people

4) the dissemination of knowledge

 

Further, environmental challenges such as climate change, cross-boundary water and air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect business and work organization, economicssocio-cultural resources, and the natural environment.

Adapted from Wikipedia

International trade is the exchange of capitalgoods, and services across international borders or territories. 

Some examples from history:

1) The Silk Road

2) The Spice Trade

3)  Vasco da Gama

4) Dutch East India Company

5) Opium War

6) World Trade Organization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Trade Theory

New Trade theories are often based on assumptions such as monopolistic competition and increasing returns to scale. One result of these theories is the home-market effect, which asserts that, if an industry tends to cluster in one location because of returns to scale and if that industry faces high transportation costs, the industry will be located in the country with most of its demand, in order to minimize cost.

 

Sites to See...

1) Which of the above examples from history sound interesting to you?

2) Can you think of any other examples?

3) What examples of international trade relate to your country¡¯s history?

4) What issues arise when talking about globalization and international trade?

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