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What is Global Economy (Cultural Definition)

Handbook of Research on Teaching and Learning in K-20 Education
The international spread of capitalism, especially in recent decades, across national boundaries and with minimal restrictions by governments. The global economy has become controversial. Critics allege that its props, free markets and free trade, takes jobs away from well-paid workers in the wealthy nations while creating sweatshops in the poor ones. Its supporters insist that the free movement of capital stimulates investment in poor nations and creates jobs in them. The process is also called globalization ( http://dictionary.reference.com/browse/global+economy ).
Published in Chapter:
Common Core State Standards: The Promise for College and Career Ready Students in the U.S.
Carol Adamec Brown (East Carolina University, USA)
Copyright: © 2013 |Pages: 33
DOI: 10.4018/978-1-4666-4249-2.ch004
Abstract
Following the National Education Summit in 2000, the National Governors Association and the Council for Chief State School Officers proposed the Common Core State Standards for mathematics and English language arts. The rationale is to provide a consistent core curriculum for all schools in the United States. Each state has opportunity to contribute to the rigor, clarity, and specificity of the standards. Incentives for states to implement the national curriculum are identified in the Blueprint for ESEA, a federal initiative to implement education reforms. Policy makers and educators agree that achievement gaps between students in the U.S. and other higher performing countries must be closed. In addition, our children must be prepared for college classrooms and globally competitive careers. This chapter provides the history of standards-based education reform, the pros and cons of a nationally standardized curriculum, and current progress in implementation of Common Core State Standards.
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