Avengers Assignment

You will watch each of these short videos. Answer the questions and make sure that you have answered the essential question for each.

Day 1-Avengers: The Story of Globalization

https://www.youtube.com/watch?v=PPZZQ0fmI2Y

Essential Question:What is globalization and how universal is it?

• Define globalization.
• Explain how technological innovations led to the different phases of globalization.
• Identify the effect global supply chains have on the world economy.
• Explain why "Made in China" or "Made in America" labels are misleading terms to characterize the origins of modern products.
• Evaluate the extent to which any product can be considered global.

Day 2 -Creative Destruction: Technology and Trade

https://www.youtube.com/watch?v=lH2kSCPyZQ8

Essential Question:What is creative destruction and what is its relationship to globalization?

• Define creative destruction, identifying the relationship between the positives of "creative" development and the challenges of "destructive" market realignment resulting from emerging new products.
• Identify examples of creative destruction from their own life.
• Compare creative destruction caused by trade versus technology.
• Relate creative destruction to global supply chains.
• Describe how creative destruction of goods/services creates dramatic changes in the workplace.

Day 3 -The Elephant Graph

Essential Question:Who benefits most from globalization?

https://mru.org/courses/everyday-economics/are-there-winners-and-losers-globalization

• Explain the "Elephant Graph" and what it relates about globalization.
• Classify various demographic groups by where they fall on the elephant graph.
• Evaluate the net effect that globalization from 1988 onwards has had on various individuals, groups, and countries.
• Compare and contrast the effects (past, present, and future) of automation and foreign trade on manufacturing.

Practice Multiple Choice questions

https://mru.org/practice-questions/are-there-winners-and-losers-globalization