Globalization

“It has been said that arguing against globalization is like arguing against the laws of

gravity.” - Kofi Annan

Definition

The process of the world becoming more interconnected through increased interaction and communication

It can take place through Trade Technology Politics Culture Religion Etc…the list is endless

DOMINANT!

For decades the American economy was…

We’ll fix that tomorrow mentality

America was ahead of the world in so many areas, Technology Cars Manufacturing Innovation

America was competing against…

POLITICAL AND TECHNOLOGICAL

EVENTS PAVED THE WAY

What events started the globalization trend of the past

30 years?

BROKE DOWN POLITICAL/CULTURAL/ECONOMIC BARRIERS

The Berlin Wall came down: Nov. 9th, 1989

Microsoft Windows 3.0 launched six months later

Then came Netscape in 1995

The late 1990s Dotcom Bubble Grew

BUT ITS IMPACT REMAINED AS AMERICAN COMPANIES HAD INVESTED BILLIONS IN

TECHNOLOGY INFRASTRUCTURE

And Burst…

GREATER POLITICAL OPENNESS AND UNIVERSAL OPERATING SYSTEMS FOR

COMPUTERS HELPED FACILITATE COMMUNICATION AND TRADE

The Results

Suddenly, the playing field

EASTERN EUROPE, CENTRAL ASIA, AND LATIN AMERICA

HAVE ALL CHALLENGED AMERICA’S ECONOMIC POSITION

Emerging Markets: China, India and Russia

Three Gaps are “plaguing” America

AMERICA DOES NOT PRODUCE AS MANY ENGINEERS AND SCIENTISTS AS IT SHOULD/NEEDS

The Numbers Gap

AMERICA’S EDUCATIONAL POSITION IN THE WORLD HAS DECLINED

The Education Gap

AMERICANS HAVE BECOME COMPLACENT AND HAVE LOST THEIR COMPETITIVE EDGE

The Ambition Gap

GLOBALIZATION VIDEO

Globalization: Got it yet?

Economic Political Cultural

Positive Opportunities Presented by Globalization

Negative Challenges Created by Globalization

Renaissance, Reformation, Scientific Revolution:

Challenged the Status Quo/Authority of the Church

Technology Paved the Way

Then and Now: Winners and LosersEurope Benefited at the Expense of the

Native Populations of Africa and the Americas