CLASS NOTES :)

Economic Globalization and the challenges:
*INCLUDE: expanding trade, communications & multinational corporations
*CHALLENGES: affecting work condition (explotation), rise of antiglobalization movemnets

European Economic Integration
* Found on idea of larger market= porsperity & increases competition
* Single European economy benefits the entire world

North American Free Trade Agreement
*NAFTA
*1994
*CANADA, MEXICO & US
*ELIMINATED BARRIES BUT NOS LABOUR, GIVE ENVIRONMENTAL PROBLEMS
*US WAS DOMINANT

Organization of Petroleum exporting Countries
*OPEC
*1959-1960
*Control supply of oil
*40% of world's oil
*They have the abilitu to shock the worl economy ex: in 1970s