About This Chapter
The World Economy - Chapter Summary
International trade is not a new phenomenon, but you can explore how it changed in the Age of Exploration, in the 1990s and even more recently within these engaging lessons. Now a global economy exists, and you can study its advantages, expansion, and impact. Various industries have had an impact on the global economy, which will be addressed in this chapter. By the end of this chapter you should be able to:
- Explain how international trade changed since the Age of Exploration
- Describe the impact of the global economy
- Understand the effects of restructuring and deindustrialization
- Discuss the obstacles to and impact of sustainable development
- Explain the benefits of ecotourism
Each lesson in this chapter has been created by our professional instructors to help you master topics related to the world economy. Short, engaging videos present key concepts and clear explanations, which you can choose to view as often as you feel necessary. Each lesson has a printable worksheet and self-check quiz to help you monitor your preparedness.
1. How International Trade Changed in the Age of Exploration
In this lesson, we will explore the role of international trade during the Age of Exploration. Specifically, we will learn how the discovery of the New World impacted international trade patterns.
2. International Trade in the 1990s and Beyond
On the news, we often hear terms like globalization, NAFTA, and WTO thrown around. But what do those ideas and groups really mean for us? This lesson serves to shed some light on the state of international trade.
3. The Global Economy: Advantages, Expansion & Impact
This lesson will explain the concept of economic globalization. We will look at both its positive and negative effects while also highlighting the terms 'import,' 'export,' and 'capital flight.'
4. The Effects of Restructuring & Deindustrialization
Nowadays, terms like 'restructuring' and 'deindustrialization' are heard more and more frequently. But what do they mean? In this lesson, learn about restructuring and deindustrialization and examine some of the effects of these economic transformations.
5. Sustainable Development: Definition, Obstacles & Impact
Let's discuss the idea of sustainable development. Then, let's looks at the obstacles involved with developing the world's economy to meet the needs of the present without hurting future generations. After the video, test what you learned through our practice quiz.
6. Ecotourism: Definition & Benefits
Many people love to travel, but when it comes to visiting nature, there is a right way and a wrong way to go. Ecotourism is the right way. Find out why!
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Other chapters within the AP Human Geography: Exam Prep course
- Introduction to Geography Concepts
- Geographic Maps, Tools and Technology
- Overview of Human-Environmental Interaction
- Population & Migration
- Population & Demographic Changes
- The Components of Culture
- Cultural Identity
- Cultural Geography
- Politics, Nations & Geography
- Land Survey Methods
- Agricultural Revolutions & Domestication
- Agricultural Geography
- Issues in Contemporary Agriculture
- Theories of Economic Development
- Industrialization & Economic Development
- Cities & Urban Land Use
- AP Human Geography Flashcards