GEOG 102 1nd Edition Lecture 4 Outline of Last Lecture I. North America Physical PatternsA. LandformsB. ClimateII. Human/Environment InteractionsOutline of Current Lecture III. Global patterns and local lives associated with:IV. Economic GlobalizationV. Free Trade, NAFTAVI. Migration from Middle and South America to North AmericaCurrent Lecture **Videos:- Welch was wealthy because of coal industry demand for coal declined; production went down in coalmines. Mining of coal required less human interaction. Loss of money due to bank fraud. - Rural community of McDowell, WV in jeopardy because coal mining coal mining was essential to the economy of the industry and the town. - Allow you to see how an area can develop and become successful.Globalization- Interregional linkage: Connection between distant regionsThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- Globalization: Changes produced by interregional links- Economics, MigrationFree Trade-- Free trade- Unrestricted international exchange of goods, services, and capital.- Tariffs- Taxes imposed on imported goods- Import quotas: set limits on amount of imported goods- Advocates- Promote economic growth and competition - Drives down prices- Open borders to free labor and migration- Critics- Increase class inequality- Exploit lower labor and living standards abroad- Bad conditions for migrant workersAsian Links to Globalization- Trade between North America and Asia- Imports from China- Cheaper labor cost than Mexico- Asian Investment in North America: ex: Japanese and Korean automotive plants in NorthAmerica- Economic Issues: - IT Outsourcing Jobso Work is moved to lower cost zones outside North Americao IT jobs outsourced to developing economies- Globalizationo Wealthyo Tech advanced o Influential in global economyo Government and major corporations support pro-globalization of free trade- NAFTA o 1989: US and Canada Free Trade Agreement Began reducing trade barrierso 1994: Mexico added to the North American Free Trade Agreement Goal: Increase Trade… in consequence:1. Many companies are making higher profits2. Net loss around 1 million jobs in the US3. Increased migration for work.o NAFTA and Mexico: In Mexico, increase exports and levels of foreign investments Who benefits from this policy? Stiff competition from the US agribusiness 1.3 million job losses in the Mexican agricultural sector Increase in migration to the