Social Studies - 2019-20

WG.17 c - Mapping, Describing, and Evaluating Economic Unions

The student will apply social science skills to analyze the impact of globalization by 

c) mapping, describing, and evaluating economic unions.

Adopted: 2015


Theme: Globalization + Interdependence

How do people respond to the unequal distribution of resources?

Do the benefits of globalization and interdependence outweigh the cost?


As a global society, the world is increasingly interdependent. 

Economic interdependence fosters the formation of economic unions. 


Economic interdependence can be depicted through trade, resource, or transportation maps. 

Examples of economic unions 

  • EU: European Union 
  • NAFTA: North American Free Trade Agreement
  • ASEAN: Association of Southeast Asian Nations
  • OPEC: Organization of the Petroleum Exporting Countries 

Advantages of economic unions 

  • More efficient industries 
  • Access to larger markets 
  • Access to natural, human, and capital resources without restrictions 
  • Greater influence on the world market 

Disadvantages of economic unions 

  • Closing of some industries 
  • Concentration of some industries in certain countries, leaving peripheral areas behind 
  • Difficulty in agreeing on common economic policies


Updated: Jun 13, 2018