CH. 27 GLOBAL INTERDEPENDENCE STANDARD. ECONOMIC INTERDEPENDENCE WE LIVE IN A WORLD OF GLOBAL ECONOMIC INTERDEPENDENCE COUNTRIES OFTEN DEPEND ON FOREIGN.

CH. 27 GLOBAL

INTERDEPENDENCE

STANDARD

ECONOMIC INTERDEPENDENCE• WE LIVE IN A WORLD OF GLOBAL ECONOMIC INTERDEPENDENCE

• COUNTRIES OFTEN DEPEND ON FOREIGN COUNTRIES FOR THE GOODS THAT THEY NEED & SELL THE GOODS THEY PRODUCE TO FOREIGN MARKETS

COSTS AND BENEFITS• BENEFITS OF GLOBAL TRADE:

• MORE PROFIT

• WIDER SELECTION OF GOODS

• LOWER PRICES FOR GOODS

• COSTS OF GLOBAL TRADE:

• DEVELOPED COUNTRIES CAN LOSE UNSKILLED, LOW WAGE JOBS

PROTECTIONISM• SOME COUNTRIES PRACTICE PROTECTIONISM – PUTTING IN PLACE BARRIERS TO

TRADE TO PROTECT JOBS

• QUOTAS – LIMIT THE QUANTITY OF IMPORTED GOODS

• TARIFFS – TAX IMPORTED GOODS TO MAKE THE PRICE MORE COMPETITIVE WITH LOCALLY MADE GOODS

FREE TRADE• MANY COUNTRIES ARE TURNING TO FREE TRADE (BREAKING DOWN TRADE

BARRIERS)

• WTO, EU, NAFTA

GLOBALIZATION• ENVIRONMENTAL – INTERNATIONAL AGREEMENTS TO CUT POLLUTION

• HUMANITARIANISM (POLITICAL, MEDICAL, FOOD/WATER) – AID IN NATURAL DISASTERS (NEPAL EARTHQUAKE, INDIAN OCEAN TSUNAMI)

• TERRORISM, WAR/PEACE – INTERNATIONAL AGREEMENTS TO COMBAT TERRORIST GROUPS, PEACEKEEPING MISSIONS

INTERNATIONAL ORGANIZATIONS• INTERNATIONAL ORGANIZATIONS TRY TO DEAL WITH THESE GLOBAL ISSUES

• UNITED NATIONS (UN) – MEMBER NATIONS COME TOGETHER TO MAINTAIN INTERNATIONAL PEACE AND PROMOTE PEACEFUL COOPERATION TO SOLVE GLOBAL PROBLEMS

UNITED NATIONS• GENERAL ASSEMBLY – ALL MEMBER NATIONS ARE REPRESENTED

• CONSIDERS NEW MEMBERSHIP, BUDGET, INTERNATIONAL PEACE

• ISSUES UN RESOLUTIONS CONDEMNING ACTIONS THAT VIOLATE PEACEFUL OR HUMANITARIAN IDEALS

UNITED NATIONSSecurity Council –

15 member nations, with 5 permanent members always represented (US, Russia, United Kingdom, France, China) troubled

Approves missions in regions (sending “Peacekeepers”); places sanctions on nations barring trade, military relations, etc.

NATO• NORTH ATLANTIC TREATY ORGANIZATION (NATO)

• ORIGINALLY FORMED BY WESTERN POWERS TO COMBAT THE SPREAD OF COMMUNISM; NOW UNDERTAKES MILITARY MISSIONS AGAINST VIOLENT/THREATENING STATES

• LEADS INTERNATIONAL COALITION MILITARY ACTIONS IN CASES OF CIVIL WAR, GENOCIDE, THREATS OF AGGRESSION