Social Studies - 2019-20

WHII.14c - Economic Interdependence

The student will apply social science skills to understand the global changes during the early twenty-first century by

c) describing economic interdependence, including the rise of multinational corporations, international organizations, and trade agreements;


Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

The countries of the world are increasingly dependent on each other for raw materials, markets, and financial resources, although there is still a difference between the developed and developing nations.

ESSENTIALS

Economic interdependence

 Role of rapid transportation, communication, and computer networks

 Rise and influence of multinational corporations

 Changing role of international boundaries

 Regional integration (e.g., European Union)

 Trade agreements (e.g., North American Free Trade Agreement [NAFTA], World Trade Organization [WTO])

 International organizations (e.g., United Nations [UN], International Monetary Fund [IMF])


KEY VOCABULARY

Terms:

Developed countries

Developing countries

Undeveloped countries

European Union (EU)

NAFTA

WTO

UN

IMF

OPEC

Genetic engineering

Bioethics

Munich Olympics

Terrorism

Counter-Terrorism

Patriot Act

People:

Osama bin Laden

President George W Bush

Al-Qaeda

President Barack Obama

Updated: Jun 01, 2018