Transcript Global interdependence0

Modern Global
Interdependen
ce
Global corporations such as McDonald’s have a
net worth larger than the Gross National Product
of some countries
John Richard
Simplot - worth $3.6
billion. What does
that have to do with
McDonalds?
World Poverty
World
Resources
GDP
and
GNP
GDP and GNP
Q: What is the difference between GDP and GNP?
A: GDP (Gross Domestic Product) is the market
value of everything produced within a country;
GNP (Gross National Product) is the value of
what’s produced by a country’s residents, no
matter where they live.
GDP and GNP
Which one is more important?
GDP
GDP
What is America’s GDP?
What is the GDP of some
other countries?
http://www.cultofmac.com/105623/amazingapples-cash-on-hand-is-more-than-the-gdp-ofalmost-23rds-of-the-worlds-countries/
http://rakotomalala.blogspot.com/2010/03/whatinnovation-patent-laws-and-open.html
http://linkinova.com/?p=21
http://www.bls.gov/fls/chartbook/section
1.htm
https://www.cia.gov/library/publications/the-worldfactbook/rankorder/2001rank.html
http://onepeggenius.com/editorial/worldcup-nation-comparison-gdpcapita/
GNP
http://www.studentsoftheworld.info/infopays/rank/PNB
.html
The Biggest
Consumer
Paying for it
IMF
World Bank
IMF
Created at the Bretton Woods Conference which
was the nuts and bolts creation of the UN.
It is the International Monetary Fund meant to
keep world wide money supply stable by:
1. reduce poverty
2. sustain economic growth
3. increase living standards
World Bank
Created to reduce poverty by providing loans
to developing nations. It is developmental
assistance:
1. build schools
2. build roads
3. build infrastructure
but it comes with strings attached and most
countries cannot pay back the loans...ever
Clearly free
trade creates
wealth - for
everyone...
EU
European
Union
http://europa.eu
/index_en.htm
NAFTA
NAFTA
The North American Free Trade Agreement (NAFTA) is one
of the most powerful and wide-reaching treaties in the
world. It governs the entire spectrum of North American
trade and has at its roots hemispheric cooperation on a
scale never before seen.
NAFTA is a treaty between Canada, Mexico, and the United
States that was designed to foster greater trade between
the three countries. NAFTA has been in effect since 1
January 1994.
NAFTA
It reduced tariffs
It caused a change in
immigration....
NAFTA
NAFTA, by permitting heavily-subsidized US corn and
other agri-business products to compete with small
Mexican farmers, has driven the Mexican farmer off the
land due to low-priced imports of US corn and other
agricultural products. Some 2 million Mexicans have been
forced out of agriculture, and many of those that remain
are living in desperate poverty. These people are among
those that cross the border to feed their families.
(Meanwhile, corn-based tortilla prices climbed by 50%. No
wonder many so Mexican peasants have called NAFTA
their 'death warrant.'
NAFTA
NAFTA's service-sector rules allowed big firms like WalMart to enter the Mexican market and, selling low-priced
goods made by ultra-cheap labor in China, to displace
locally-based shoe, toy, and candy firms. An estimated
28,000 small and medium-sized Mexican businesses have
been eliminated.
CHINA
The modernization of
Great Leap ForwardChina
- economic plan for advances
in industry under Mao Tse Tung in the 1950s (they
had a similar plan in USSR called the Five Year
Plan)
Cultural Revolution - re-education and resocialization program in China where society was
radically altered
Mao Tse Tung died and was replaced by Deng
Xiaping
http://www.forbes.com/2010/04/20/oil-energy-minerals-business-global-2000-10-chinainvestment-tracker.html
Flowing Data
Economic
Terms to
Know