Unit 9.4 - Global Economics
"Here comes the moneyy"
Creation Date:
Publication Date:
Neo liberalism
Governments get their hands off the government Less spending now that war is over
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Major Players:
- USA
- UK
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Polices
- Cut taxes
- Ridding of many rules
- Selling government owned enterprises to private people
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Results
- Economy grew (good)
- Rich got Richer, some Poor got Poorer
Knowledge Economy
So nerd are making money now
Knowledge Workers
People with formal education
- Job: The one Grading these notes, Lawyers, my dream career Engineers, Heimler, me
- Challenges
- People stuck in old ways
- A lot of education needed
- Competing with new tech
Global Manufacturing Shift
Factories are moving to cheaper places
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Locations:
- CHINA - why everything made in china
- Taiwan
- Vietnam
- India
- The homeland mexico
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Why:
- Cheap
- Easier
- We can move a lot now
Global Groups
- WTO (World Trade Organization)
- Forces countries to behave nice
- Fixes trade fights
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Local Groups:
- EU: Economic & Political Union in europe
- ASEAN: South east asian EU
Multinational Corporations
- Companies everywhere
- Get Smart people in rich places
- Get labor from poor places