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Global Economic and Globalization
Transcript
What is it made out of?
How much did it cost?
How was it made?
Who made it?
In what country was it made?
Economics and Globalization
How we get what we want and need.
How is GLOBALIZATION a newer trend?
Why was it not around 25 years ago?
So, what does GLOBALIZATION mean?
Any guesses???
Think about the shirt that you are wearing.
Economics is a BIG word.
But it is easy....in 8th grade terminology, economics is the study of how people provide themselves with things that they need. But it isn't only that, there is more.
That's the connection between Global
Studies and Economics... why, how and
WHERE goods/services are bought & sold.
But of course, most of the world's nations
do not have the resources to be wealthy.
Global Economics is how nations provide
goods for each other. For example, most of
the world's oil comes from Southwest Asia.
In return, some Southwest Asian countries are wealthy.
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