Lesson 4.4

Globalization and Free Market Conditions

Greater liberalization or greater regulation of market forces?

You have now completed the lessons for Module 4 Section 2. Complete the section challenge activity to demonstrate the new understandings you have developed about globalization and the economic and political ideas and events that form its foundations.

In this section challenge you will explore the economic implications of globalization and free market conditions. You will write a letter to the international community to persuade international bodies of the need for greater liberalization or for greater regulation of market forces.

Research

This is a required activity to support your challenge but will not be graded.

Select and summarize newspaper articles on international economic events. Scan the headlines for newspaper articles related to the following topics:

• trade liberalization
• foreign investment
• privatization
• outsourcing
• resource development agreements
• environmental legislation
• land-and resource-use projects
• conversion to knowledge economy

Assemble approximately eight to ten newspaper articles dealing with various international events that have economic implications for Alberta. Some examples include NAFTA, the Kyoto Accord, jobs moving abroad, and global interests in Alberta’s oil sands.

trade liberalization: the reduction of barriers to allow for free trade between countries

outsourcing/outsourced services: the hiring of one company by another company, often in another country, to complete certain tasks of production

View this Multinational PowerPoint.

Assignment

Please complete the Challenge: Globalization and Free Market Conditions Assignment at this time.