Economic activities

Apuntes

Economic activities Lourdes Navarro Gutiérrez Learning situation The first two decades of the 21st century have seen two major global crises that have slowed the previously almost unstoppable economic growth. The first crisis was the financial crisis that began in the USA in October 2007 and spread around the globe the following year. The second was triggered by the COVID-19 pandemic, which deepened the growth gap between countries. In the aftermath of these crises, global economic activity and employment are recovering. However, millions of people are still without formal, stable employment and incomes that allow them to enjoy a minimum of material wellbeing. Globalization: Definition Economic globalization is the growing integration of national economies into a global market economy. This new economic system has led to an increase in international trade. https://youtu.be/9MpVjxxpExM?si=7y2ebDCpwkh539Q_ LET’S GET STARTED • Look at the infographic and explain with examples how you think each of the elements represented influences economic activity. • Do consumption and consumerism mean the same thing? Are they good for driving economic growth? Are they good for the environment...