WEEK 5 D1: ECONOMIC GLOBALIZATION, GLOBAL TRADE, AND SUSTAINABLE DEVELOPMENT

ECONOMIC GLOBALIZATION

• increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services

PROTECTIONISM

• encouraging local product demand by imposing tariffs to give local products a price advantage

Fair trade movement

• system built to protect the well-being of people

• to ensure ethical connections between the consumers, workers, and corporations

• concern for the social, economic, and environmental well-being of marginalized producers

EFFECIENCY

• FINDING THE QUICKEST WAY POSSIBLE OF PRODUCING LARGE AMOUNTS OF A PARTICULAR PRODUCT

YOU CANNOT BUILD A HEALTHY ECONOMY ON A DEAD PLANET