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

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