The Economy and Culture Globalization. Economic Policies ProtectionismFree trade Goal: to protect national production from outside competition. Some measures:

• Slide 1

The Economy and Culture Globalization Slide 2 Economic Policies ProtectionismFree trade Goal: to protect national production from outside competition. Some measures: Tariffs, quotas on imports, export subsidies (money granted to national corporations to help them out) Goal: to have free circulation of goods and services. Involves: Reduce or eliminate tariffs and other protectionist measures. Slide 3 North American Free Trade Agreement (NAFTA) Free trade agreement between Canada, USA and Mexico. 1994 Objectives: eliminating customs barriers and freeing trade and investments between the three countries. Each NAFTA country is free to decide its economic policy with other countries. US$ 16,200 billion produced in 2007. Slide 4 Slide 5 WTO protest in Seattle, 1999 Slide 6 Why is there opposition to free trade? Slide 7 Opposition to free trade Businesses move factories to regions where production is cheaper. In these regions, workers are paid less. Additionally, in these regions, working conditions are often worse (longer hours, no benefits, cases of child labour) Slide 8 Globalization of Culture Slide 9 Example: MacDonalds restaurant in Beijing Slide 10 Slide 11 Slide 12 Slide 13 Homogenization of culture Spread of American culture in the areas of music, film, clothing, fast food, etc. Predominance of English. This is sometimes referred to as cultural imperialism. Slide 14 What is the appeal of America? Slide 15 What effect does the homogenization of culture have on the world? Threats to language: - according to UNESCO, over 3000 languages are in danger of disappearing by the end of the century. Threats to world heritage sites. Slide 16 UNESCO United Nations Educational, Scientific and Cultural Organization. Created in 1945. One of their goals is to protect heritage sites across the world.