Expanding GlobalizationRefer to the three cartoons in Chapter 10, p 236. What common message, if any, is being presented?

Learn the Terms Refer to Chapter 10 for the answers

Outsourcing • Containerization • Trade Liberalization• Maquiladoras• WTO• NAFTA• EU• Transnational

corporations

• Process of countries reducing barriers to trade by removing tariffs/quotas

• (1994) removal of tariffs between Canada, Mexico and US

• (1995) international organization works to improve trade relations by removing tariffs

• The transporting of freight in standardized shipping units

• The world’s largest and most powerful common market

• Corporations that operate in two or more countries

• Mexican manufacturing plant• Hiring of one country by another to

produce products at a cheaper cost

• Maquiladoras originated in Mexico in the 1960s along the U.S. border.• • In the 1990s, there were approximately 2,000 maquiladoras with 500,000

workers. (there are fewer now) • Maquiladoras primarily produce electronic equipment, clothing, plastics,

furniture, appliances, and auto parts.

• Approximately 90% of the goods produced at maquiladoras are shipped north to the United States.

• Visit the following website on maquiladoras and complete the chart on the next page:

• http://www.mtholyoke.edu/~shah20m/classweb/maquiladora.html

Maquiladoras

Identify the pros and cons of the following:Maquiladoras

Pros Cons

World Trade Organization

• There are a number of ways of looking at the World Trade Organization.

• It is an organization for trade opening. • It is a forum for governments to negotiate trade agreements.

It is a place for them to settle trade disputes. • It operates a system of trade rules. • Essentially, the WTO is a place where member governments

try to sort out the trade problems they face with each other.

WTO

Pros Cons

NAFTA

Pros Cons

Transnational Corporations

Pros Cons

The Hidden Face of Globalization

http://www.youtube.com/watch?v=8Bhodyt4fmU