GLOBALECONOMY GLOBALIZATION

1. GLOBALECONOMY GLOBALIZATION Submitted by Auguste Pierre-Noel Chris G - Project ManagerRichard - Wiki ManagerAuguste - PowerPoint ManagerBrandon - Writing ManagerKervens - Presentation Manager

2. Introduction (submitted by Chris Gaffney) • We are Team Globalization617 • Topic: Globalization/Global Economy • Came about the choice because we viewed it as a global issue and therefore very important to everyday life.

3. Global Economy (submitted by Chris Gaffney) • Is the fact that around the world there are many different economies that function differently, some will rise and help the country to prosper while others will fall or never establish themselves. • This topic is very important due to the fact it is based on the world and not just our economy here in the US. • The topic gives valuable information about the world around us and the state of other countries’ economies. Without information about the Global Economy we as US citizens wouldn’t know our place in the world.

4. Statistics Base on Global Economy (submitted by Chris Gaffney) • Global Economy is based on statistics like GDP which means Gross Domestic Product. • This statistic is a measure of a country's overall economic output. It is the market value of all final goods and services made within the borders of a country in a year. • Other statistics are averages on the inflation rate on developed and non developing countries. • While other statistics are based on the unemployment rate as apposed to the average labor force.

5. Relations to Terkel Quote (submitted by Chris Gaffney) • “ status…becomes important…society, they feel, looks upon them as lesser” • This quote directly connects to the term stereotyping which is done here in the US more often then not. • The stereotyping done is how some citizens or societies here in the US might look down on someone or people in general because they might not be from this country

6. Conclusion (submitted by Chris Gaffney) • In general both of the topics discussed Global Economy and Globalization is very important due to the fact that it involves the world which makes it everyday news. • Reflecting back on the research we as a group made we have learned a lot from our studies and are now much more educated in both topics and with this presentation we hope you the audience are to. Thank you. • The End.

7. Globalization/Global Economy Submitted by Auguste Pierre-Noel

8. The economic gap between the rich and the poor widens every year We need to look at people and not the countries For income on a “one on one” basis the inequality does not seem to be as vast as it is exaggerated The rich has become richer but the poor have not become poorer. The Rich Get Rich And Poor Get Poorer (submitted by Auguste Pierre-Noel)

9. Globalization won't keep inflation down forever: International Monetary Fund Submitted by Auguste Pierre-Noel • Though the globalization has helped the global economy in the last couples of years, the benefits may be short-lived. • Increased trades benefits the global economy by keeping interest rates low and making good use of global savings. • These favorable trends from globalization will not last forever; price pressures may increase.

10. The Total Collapse of the Global Economy(submitted by Auguste Pierre-Noel) • The economic recession of 2008 was even more crushing than the Great Depression Era. • Global economic crisis has led to bankruptcies and bailouts across the world. • Confusion is deepened with many unanswered questions. • The current recession is even worse than the Great Depression, and it is going to take a long time to get over the trouble. Video

11. Globalization Definition (KervensDormevil • The technical def. for globalization is- The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. • To me it is basically the lifeline or how healthy a country really is economy wise.

12. GLOBAL ECONOMY DEFINITION (KervensDormevil • The dictionary definition is- The international spread of capitalism, especially in recent decades, across national boundaries and with minimal restrictions by governments. The global economy has become hotly controversial. Critics allege that its props, free markets and free trade, take jobs away from well-paid workers in the wealthy nations while creating sweatshops in the poor ones. Its supporters insist that the free movement of capital stimulates investment in poor nations and creates jobs in them. • Once again to me its almost globalization or the freedom to create currency to your likeing. More along the lines of Capitalism

13. What are they(To Me)? (KervensDormevil • Globalization can cause a country to prosper and flourish with all its good, or can slowly damage it until there is nothing left and people would basically have to evacuate to a foreign country for better living for them and their family • Global Economy basically the freedom to star your own business without any interception from the government. It is the opposite of communism witch allows goods to be shared by someone with someone else who does not work as hard.

14. What builds an economy? (KervensDormevil) • A stock market is one of the big keys to at least the US economy. This can increase or decrease millions of peoples spending in a matter of hours and one country down will eventually affect others because we all rely on someone.

15. Connection to Terkel quote (KervensDormevil • A stock market is one of the big keys to at least the US economy. This can increase or decrease millions of peoples spending in a matter of hours and one country down will eventually affect others because we all rely on someone.

16. Conclusion (KervensDormevil) • In all globalization and global economy can be an admirable way of living. It can be motivation to do better with yourself your business and properties or it can be the reason on why the way you and your family are living is so unbearable. • They both are happening at the same time but I believe it depends on what side of the world you are standing on.

17. Submitted by Richard T. • “By 1991 only 5 percent of Lima’s workforce was fully employed, and 13 million Peruvians—over half the country—had income of $15.50 or less (Everest 42)”. Everest makes this statement in his writing because by Peru attempting to pay off debt, Peru has unintentionally sold off the majority of state owned companies, major banks and natural resources, such as, oil, agricultural land and silver. In not so many words Peru has auctioned off its government, and is giving it to anyone who has the money to pay for it, in my opinion that is capitalism at its worst. Now the lives of the Peruvian people have become difficult after they sold major facilities to foreign investors, this has caused mass disturbia and paranoia in the people of Peru.

18. Globalization Submitted by Richard T. • Globalization is a historical process that results from human modernism and technological progress. • The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. At beginning we can see on the article “The Selling of Peru” that things was going badly. • However globalization it is not a just a negative point but it is a positive too.

19. What make economies across the globe flourish and other’s have virtually none (Submitted by Richard T). • If a country is exporting more than it is importing, the exporting country will be making more money and the other will be spending more. Meaning in laymen’s terms one will become “richer” as of now the U.S IS IN a trade deficit with many country’s, Malaysia, Japan, and china just to name a few, china of course being the most DEFICITED.