What role does the International Monetary Fund (IMF) play in globalization, according to the video?

The IMF offers low-interest loans to developing countries, often with conditions (many strings attached) that require them to lower tariffs, get rid of regulations, and privatize state-run businesses.

How has the shift in manufacturing from industrialized to non-industrialized countries impacted global poverty, according to the video?

The video suggests that moving manufacturing jobs to lower-wage countries has allowed a greater number of people to live better and that some 600 million people have emerged from poverty in the last 30 years.

The video mentions remittances as a driver of economic growth. What are remittances and why are they significant?

Remittances are money sent home by people working abroad. They are significant because they can constitute a large portion of a developing country's GDP, driving economic growth.

Exploring Globalization's Impacts Lesson Plan for 11th Grade

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Objective

I can analyze the economic, social, and political impacts of globalization.

Part 1 of 4

Warm-up video

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Part 2 of 4

Key concepts

3 concepts

1
Globalization is a cultural phenomenon reflected in artwork, population migration, and linguistic changes, but is often focused on trade.
2
Contemporary global trade is anarchic and unregulated, due to academic economists arguing that governmental regulation diminishes prosperity by limiting growth.
3
Moving manufacturing jobs from high wage to lower wage countries allows a greater number of people to live better than they did when the First and Second Worlds monopolized manufacturing.

Part 3 of 4

Practice

7 questions

According to the video, what are three factors that have dramatically increased the scale of global trade?

Explain how government subsidies, using the example of American cotton, can influence global trade patterns.

Part 4 of 4

Exit ticket

Quick comprehension check

“Describe one economic and one social impact of globalization discussed in the video.”

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Exploring Globalization's Impacts