Materials

• Computer lab with Internet access
• A copy of worksheet on “Economic Interdependence” (Attachment D) for each student.

Instructional Activities

NOTE: The following Web resources may be helpful with this session:

• “North American Free Trade Agreement.” Text of NAFTA. <http://www.sice.oas.org/trade/nafta/naftatce.asp>.
• World Trade Organization site. <http://www.wto.org>.
• International Monetary Fund site. <http://www.imf.org>.
• European Union site. <http://www.eurunion.org/infores/euguide/euguide.htm>.

1. Instruct students to create a definition in their own words for the following terms:
   • economy
   • interdependence
   • economic interdependence
   • multinational corporations
   • trade
   
   
2. Review the previous sessions of this unit by asking what is needed to improve conditions in developing nations. Answers should revolve around the economies, industries, and trade of struggling nations.
   
   
3. Review the differences between developed and developing nations in terms of transportation, communications, and computer networks. Discuss the reasons that the developed world (particularly the United States) is so advanced.
   
   
4. Conduct the following activity on globalization of the world’s economy:
   • Distribute the worksheet on Economic Interdependence (Attachment D).
   • Explain to the class that one way for the developing nations to reach a higher economic status is to enter and receive help from the global community. With help from the outside world, solutions to some of the problems that developing nations encounter can be resolved.
   • Take class to the computer lab, and direct students to use Web resources (see Materials, above) to answer the questions on the worksheet.
   • Discuss information located by students. Include the following questions:
      – In what ways can the world community help the less developed areas?
      – In what ways can regional integration (e.g., EU, ASEAN) help the economies of nations?
      – How can companies (e.g., multinational corporations) in developed nations help the economies of developing nations?