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3.10.2  Globalization of economic activity  Integration of world economic activity Understand that world economic activity is increasingly integrated because of growing international trade, the growth of transnational corporations (TNCs), international economic agreements, trading blocs and global movements of capital.  Be familiar with the evidence of the growth of each of these global economic integration factors.
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Today – world’s economies fall into 4 groups ,[object Object],[object Object],[object Object],[object Object]
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Trade blocs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Major trade blocs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Source:  http://www.lawpundit.com/blog/eulegaleumap.png
Benefits of international groupings: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Negative effects ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Fishermen braced for EU cod cuts
North American Free Trade Agreement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
NAFTA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Growth of the European Union ,[object Object],[object Object],[object Object],[object Object],[object Object]
EU ,[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Treaty of Lisbon Dec 2007 ,[object Object],[object Object],[object Object],[object Object],[object Object]
According to the McDonald's Corporation website (as of January 30, 2007), McDonald's has, "More than 30,000 local restaurants serving nearly 50 million people in more than 119 countries each day."
Mcdonalds Restaurants  According to the McDonald's Corporation website (as of January 30, 2007), McDonald's has, "More than 30,000 local restaurants serving nearly 50 million people in more than 119 countries each day."
 
May 07 ,[object Object],[object Object],[object Object],[object Object]
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Examine the reasons for the global spread of transnational corporations.   ,[object Object]
To what extent do transnational corporations benefit LEDCs?  ,[object Object],[object Object],[object Object]
Nov 05 ,[object Object]
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3.10.2

  • 1. 3.10.2 Globalization of economic activity Integration of world economic activity Understand that world economic activity is increasingly integrated because of growing international trade, the growth of transnational corporations (TNCs), international economic agreements, trading blocs and global movements of capital. Be familiar with the evidence of the growth of each of these global economic integration factors.
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  • 18. According to the McDonald's Corporation website (as of January 30, 2007), McDonald's has, "More than 30,000 local restaurants serving nearly 50 million people in more than 119 countries each day."
  • 19. Mcdonalds Restaurants According to the McDonald's Corporation website (as of January 30, 2007), McDonald's has, "More than 30,000 local restaurants serving nearly 50 million people in more than 119 countries each day."
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