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Introduction to Globalization What is GLOBALIZATION ?
GREATER OPPORTUNITIES & BENEFITS Advanced Economies must be prepared to
embrace policies so gains from globalization can be shared around the world.
Gains from trade because of Globalization GLOBALIZATION the WAVE OF THE
FUTURE
Disadvantages of Globalization Millions of Americans have lost jobs because of imports or shifts in
production abroad. Most find new jobs that pay less. Millions of other Americans fear getting laid off, especially at those firms
operating in import-competing industries. Workers face demands of wage concessions from their employers, which
often threaten to export jobs abroad if wage concessions are not agreed to. Besides blue-collar jobs, service and white-collar jobs are increasingly
vulnerable to operations being sent overseas. Americans employees can lose their competitiveness when companies build
state-of-the-art factories in low-wage countries, making them as productive as those in the United States.
Why globalization is not good
Increase in Terrorism
% of Global Income for the Poor
Job In-Security
National Cultures & Traditions
Ecological Damages
Globalization Undermines
Privilege
Human Right Violations
ANATOMY OF GLOBALIZATION WHY GLOBALIZATION
The future of a New world Inevitability Rising Standards of living
leads to Rising levels of Democracy, Working Standards & Environmental Policy.
Why Globalization is in the World’s Best Interest! Increase in Trade/Capital Increase Migration of
People Proliferation of Knowledge
& Technology More Efficient Use of the
Earth’s Natural Resources!
Globalization is in the Worker’s best Interest
In the short run, some industries & workers will be displaced.
In the long run, unemployed workers will be retrained & re-educated to better paying jobs that is better suited for the world economy
Globalization makes trade less costly and Efficient.
The RICH gets RICHERThe RICH gets RICHER Promotes IMPERIALISM
Some LDN are not able to Integrate The Rich will Get Richer
Tensions between Govt’s & Societies Terrorism’s inevitable outcome Negative impact on gender roles
Exploitation of Third World countries Americans will lose their Jobs
Unemployment DISADVANTAGESAMERICANS NEED JOBS, right now more than
ever!
Unlimited Wealth with Global Markets Running for over a 100 years
What Why & How Increase in Productivity => Increasing Living Standards Increasing Multinational firms => Expansion of Workers
real wages over time in developing countries
GLOBALIZATION = FREEDOM
TRADE RESTRICTION = THE GREAT DEPRESSION
Vote For Terrorism !
Invasion of Privacy Increased Insecurity
Health Risk Inequality of Women
Exploitation Children – Natural Resources
N E W W O R L D O R D E R
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20
40
60
80
100
120
140
160
180
POPULATION COUNTRIES VOTING POWER
U.S.
WORLD
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