Review The Old Imagery: A Shift from Melting Pot to Mosaic The Old Imagery: A Shift from Melting Pot to Mosaic Melting Pot: Lose heritage to become American Melting Pot: Lose heritage to become American Mosaic: Retain heritage and become American Mosaic: Retain heritage and become American Review Our Imagery: Rise of Melting Pot AND Mosaic Our Imagery: Rise of Melting Pot AND Mosaic New Melting Pot: Strengthened sense of common humanity (Homo sapiens, human rights, planet Earth, etc.) New Melting Pot: Strengthened sense of common humanity (Homo sapiens, human rights, planet Earth, etc.) New Mosaic: Strengthened base for all sorts of specialized identities, including ethnic heritage New Mosaic: Strengthened base for all sorts of specialized identities, including ethnic heritage Review Rise of humanity facilitates tourism Rise of humanity facilitates tourism Connects rich with rich rather than rich with poor Like immigration, human tissue of globalization Introduction to the Global Economy -- Food Introduction to the Global Economy -- Drink Introduction to the Global Economy -- Clothing Global Economy Three Elements (1) Global system of production (1) Global system of production (2) Global system of consumption (2) Global system of consumption (3) Global system of trade (global market) (3) Global system of trade (global market) (1) Global Production Involves global standardization (e.g., International Organization for Standardization) Involves global standardization (e.g., International Organization for Standardization) Involves global differentiation Involves global differentiation ISO How International Standards Benefit Society For businessesaccepted specifications for products and services, enabling free competition worldwide. For businessesaccepted specifications for products and services, enabling free competition worldwide. For customersmore choices, higher quality, better prices. For customersmore choices, higher quality, better prices. For governmentstechnological and scientific bases underpinning health, safety, and environmental legislation. For governmentstechnological and scientific bases underpinning health, safety, and environmental legislation. For trade officialsa level playing field for all competitors. For trade officialsa level playing field for all competitors. For developing countriesstate-of-the-art technological know-how and a basis for wise investment decisions. For developing countriesstate-of-the-art technological know-how and a basis for wise investment decisions. For consumersassurance about quality, safety, and reliability. For consumersassurance about quality, safety, and reliability. For everyonehigher quality of life by ensuring safety. For everyonehigher quality of life by ensuring safety. For the planetenvironmental preservation. For the planetenvironmental preservation. (2) Global Consumption (3) Global Trade source: New York Times 2006