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Chapter 36 (p. 1068-1099) Global Economic Development In the postwar era, the expansion of the world’s economies led to an increase in production of goods and services so that many nations benefited. Manufacturing moves from developed nations to emerging nations. Global Economy Global Economy: includes all the financial interactions that cross international borders Global Economy Multinational Corporations  Companies that operate in a number of different countries  Exxon Mobile, Ford, BP, Toyota  View the whole world as a market for their goods Global Economy Free Trade: elimination of trade barriers (ex: tariffs) among nations  Regional trade blocs- EU, NAFTA Impact of the Global Economy Political Environmental   Need for oil = conflict   Global Warming Large-scale soil erosion Habitat destruction Global Security Peacekeeping Activities:  UN Peacekeeping Forces ○ Made up of soldiers from different nations ○ Work to carry out peace agreements, monitor cease-fires, or put an end to fighting and allow for negotiations Global Security Weapons of Mass Destruction:  Nonproliferation- stop spread of weapons  Various treaties to stop production and/or destroy stockpiles  Some nations continue to pursue development of WMDs  Is this a problem that can be solved? Global Security Ethnic and Religious Conflicts:  Protestants and Catholics in Ireland  Palestinians and Israelis in the Middle East  Serbs, Bosnians, and Croats in Southeastern Europe Global Security Human Rights:  Universal Declaration of Human Rights- UN issued (1948), sets human rights standards for all nations  Violations occur all around the world Global Security Health Issues:  Diseases of poverty persist (Cholera, Malaria)  Epidemics occur with some regularity (Flu Epidemic, AIDS, Ebola) Global Security Terrorism: the use of violence against people or property to force changes in societies or governments  Modern terrorism has become increasingly destructive and high-profile  Nations respond aggressively Global Culture 21st century technologies allow for widespread cultural diffusion  Popular Culture- cultural elements that reflect a group’s common background and changing interests ○ Music ○ Sports ○ Movies ○ Clothing fashions ○ Foods ○ Hobbies and leisure activities