April 30

IB 30/35

We finished off the George H.W. Bush administration, and I also got through the Clinton administration too. We should be able to get to the George W. Bush administration this week. This is our tie-in to Social 30-1 and concepts that you need to understand for the Social 30-1 Diploma Exam in June.

Social 10-1

I showed you some exemplars for the TNC Dossier Assignment at the beginning of class. We got into a film study of "The Age of Wal-Mart" today, while you were watching the video you should have been looking for advantages and disadvantages of Wal-Mart. Please remember that you have the Chapter 10-11 Test on Thursday, May 3rd. Please see the study guide below.

SOCIAL 10-1 CHAPTER 10-11 TEST STUDY GUIDE:

Please make sure that you review Chapters 10 and 11. Please review your answers to questions/activities from your Unit 3 worksheet, as well as the key terms (from Chapter 10-11 and from the PowerPoint presentations). This test is on Thursday, May 3rd. 

Please review the following two PowerPoint presentations:

• "Foundations of Economic Globalization"
• "Expansion of Economic Globalization"

You should know these key terms really well:

• Bretton Woods Agreement
• international monetary system
• fixed exchange rate
• gold standard
• floating exchange rate
• World Bank
• International Monetary Fund (IMF)
• centrally planned economy
• free market economy
• recession
• John Maynard Keynes
• Friedrich Hayek
• Milton Friedman
• totalitarian
• General Agreement on Tariffs and Trade (GATT)
• tariff
• World Trade Organization (WTO)
• Free Trade Agreement (FTA)
• North American Free Trade Agreement (NAFTA)

You should also be able to answer the following questions:

• What is economic globalization?
• How did 20th century world events shape contemporary economic globalization?
• What factors laid the foundations of contemporary global economics?
• What were the major global institutions that were created at the Bretton Woods Agreement?
• What are the major differences between the ideas of John Maynard Keynes and Friedrich Hayek?
• What factors contribute to expanding globalization?
• How do international agreements and organizations contribute to expanding globalization?
• How do transnational corporations contribute to expanding globalization?
• How do communication technologies contribute to expanding globalization?
• What are the benefits of the WTO system?
• What are some criticisms of the WTO?

Social 20-1

I did a homework check on the Chapter 7 Key Terms and Questions today. We looked at the case studies of Kosovo and Catalonia today. I gave you some notes on nationalism and the pursuit of national interest, and then I showed you a CBC News in Review from April 2008 on Kosovo declaring independence from Serbia. As you watched the video you were supposed to fill in answers to the video review questions. I also showed you a quick video from the Washington Post on Catalonia's attempts to declare independence from Spain.