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13 Cards in this Set
- Front
- Back
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The 25% of the population in China with the ____________ is greater than the total population of North America
In India it is the top ____ |
Highest IQ; 28%
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China will soon become the number one ________________ in the world.
If you took every single job in the US today and shipped it to China…it would still have a ________ |
English-speaking country
Labor surplus |
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The US Department of Labor estimates that today’s learner will have 10 to 14 jobs …by ____
Also 1 out of 4 workers today is working for a company for whom they have been employed less than 1 year. More than 1 out of 2 are working for a company for whom they have worked less than 5 years. |
age 38
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Name this country…
Richest in the world Largest military Center of world business and finance Strongest education system World center of innovation and invention Currency the world standard of value Highest standard of living |
England in 1900
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The US is the _____ in the world in broadband Internet penetration (Luxembourg just passed us)
______ invested more than $140 million in research and development in 2002 alone… The US federal government spent _______________ on research and innovation in education |
20th
Nintendo Less than half as much |
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The simultaneous opening up of the world economy
Free trade, flows of labor and capital The integration of markets is due to the telecommunications revolution and the development of cyberspace |
Globalization
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“Globalization is a fact. It would be as pointless to deny it or oppose it as to challenge the law of gravity or to stop the movement of the clouds. The question therefore is not whether globalization is good or bad. It is whether we are prepared for it.”
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Nicholas Sarkozy – French president
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__________ creates wealth
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Free trade
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jobs, outsourcing (lower costs)
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Free flows of labor
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Increase in investments
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Free flows of capital
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The cost of global reconnection has been steep. The risks of HIV/AIDS, terrorism, nuclear war, environmental disaster, and computer viruses have all grown with the rapid movement of people, goods and information.
SARS – A virus flying on a jet plane: NOVEMBER 2002 China – Feb 2003 Hong Kong – April 2003 the whole world – spread 32 countries |
Huge costs of Globalization
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Much of the American economy is built on credit with firms borrowing money from other firms and the general consumer borrowing money for homes and cars. Many people were taking advantage of the housing boom in the US; When it ended, both investors and mortgage companies, were in trouble.
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Sub-Prime Mortgage Crisis
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the failure and merging of a number of American financial companies
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September 2008 - stock market crash
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