Guided Reading Activity: Global Economies - SOCIAL STUDIES

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Guided Reading Activity

Contemporary Global Issues

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Copyright ? The McGraw-Hill Companies, Inc. Permission is granted to reproduce for classroom use.

Lesson 3 Global Economies

Review Questions

Directions: Read each main idea and answer the questions below. Refer to your textbook to write the answers. A. Main Idea: The global economy began to develop after World War II and gained

momentum in the 1980s and 1990s. 1. What two organizations were set up after World War II to expand global markets

and help avoid global economic crises?

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2. How do a select group of multinational corporations dominate the world economy?

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3. What is the World Trade Organization, and who formed it?

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B. Main Idea: Regional trading blocs such as NAFTA and the EU promote regional free trade. 1. Who are the members of the North American Free Trade Agreement, or NAFTA?

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2. What is the euro, and when was it adopted?

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C. Main Idea: Globalization is the process by which people and nations have become more interdependent. Not everyone is happy with the results. 1. Why do critics find fault with global economic organizations?

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NAME ______________________________________ DATE _______________ CLASS _________

Guided Reading Activity Cont.

Contemporary Global Issues

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2. What spurred economic turmoil in the first decade of the 2000s, and what was the result of this turmoil?

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3. Where are two of the world's emerging economic powers located?

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Summary and Reflection

Directions: Summarize the main ideas of this lesson by answering the question below.

In what ways are nations tied closely together through economic globalization? __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________

Copyright ? The McGraw-Hill Companies, Inc. Permission is granted to reproduce for classroom use.

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