11/6/13

“Made in the…”

Where were the following items made?

•Your shirt•Your shoes•One other item you have with you at your desk

On desk: Animated History of Poverty questions 1 & 2

11/6/13

Econ. Agenda

1.History of Poverty discussion questions (class discussion)

2.Globalization (class notes)

3.Made in the… (activity & worksheet)

HW: 5 items from home – where are they made?

1. Do you think poverty is a natural aspect of our society, or is it something human-created? Explain your answer with evidence from the film.

2. There are much fewer people living in extreme poverty today than in 1800, but the gap between rich and poor continues to increase. Do you think we are moving in the right direction or the wrong direction? Explain your answer.

11/6/13Class Notes – Made in the…

Where are the goods we consume made?• Everywhere!• As American consumers, many of our goods and

resources come from all over the world.• This is part of GLOBALIZATION• People and resources from around the world

work together to produce goods that are used around the world.

Dole Bananas

Master Lock

Globalization applies to whole products coming from around the world….

Lettuce from Costa Rica

Cucumbers from England

Onions from Puerto Rico

Beef from cows in Argentina

Mayonnaise from eggs grown in Canada

Bread from wheat grown in USA

Ketchup from Tomatoes grown in Mexico

Sesame Seeds from China

…and also parts of products coming from all over the world to assemble one product

11/6/13Class notes

Why are so many products NOT made in the U.S.?

Companies have 5 things to worry about:1.Wages: how much to pay their workers?2.Labor: hire kids or adults?3.Worker rights: do we provide health care? How many hours do they work? Good working conditions or bad?4.Taxes: how much $$ do we want to give to the government?5.Environment: do we pollute or pay more to be more environmentally-friendly?

11/6/13Class notes

Why are so many products NOT made in the U.S.?

•In general, less wealthy and/or less developed countries offer companies more favorable conditions in all of these categories:• Lower tax rates, fewer govt. regulations, fewer labor &

environmental laws, etc.• They WANT to attract businesses to their countries to hire

their workers

11/6/13Class notes

• What are the wealthiest and poorest places in the world?– Economists look at ECONOMIC DEVELOPMENT

• 3 levels of economic development–HIGH - “First World Countries”»EXAMPLE: United States, Canada, Japan

–MIDDLE - “Second World Countries”»EXAMPLE: Dominican Republic, China

–LOW - “Third World Countries”»Example: Haiti, Afghanistan

High = red

Med. = orange & yellow Low = green & blue

World Economic Development Map

Countries by 2012 GDP (PPP) per capita, from World Bank data

To Do

1. Color in “World Economic Development” map

• HW: find 5 items from home and their “Made in…” labels

Exit Ticket