Globalization and Global Trade
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Globalization and Global Trade Patterns Learning Goal 4: Compare global trade patterns over time and examine how globalization has affected societies at different levels of development. Criteria for Success Identify historic trade routes

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Criteria for Success Identify historic trade routes

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Globalization and Global Trade PatternsLearning Goal 4: Compare global trade patterns over time and examine how globalization has affected societies at different levels of development.

  • Criteria for Success

  • Identify historic trade routes

  • Understand the connection between globalization and development


Is Globalization a new idea/concept??


NO!!!

Global History of China

silk exported from China to the Mediterranean

tea, porcelain exported from China to Europe

gunpowder travels from China to

Europe

manufactured goods exported from China

500’s

1300’s

1800’s

1900’s

China has always been a part of globalization of markets!!!!


Middle East- The worlds Crossroad

  • The Middle East stands at the crossroads of three continents: Africa, Asia and Europe.

Since ancient times it has developed major trade routes over land and sea


What is blue, a quarter of a mile long, and taller than London's Olympic stadium?

The newest container ship, the Triple E

Large volumes of goods are produced in Asia and then consumed in Europe and the US.

Many worry these giant ships are symbols of the world's trade imbalance


Changing Trade Patterns (Impacts):

ECONOMIC

ENVIRONMENTAL

SOCIAL


Free Trade Zones

Due to increased global interactions free trade zones have become more common

  • FTZ- a designated area that eliminates traditional trade barriers, such as tariffs, and minimizes bureaucratic regulations


Medical Advancements(Impacts):

ECONOMIC

ENVIRONMENTAL

SOCIAL


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