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Introduction to Globalization  What is GLOBALIZATION ?  GREATER OPPORTUNITIES & BENEFITS  Advanced Economies must be prepared to embrace policies so.

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Presentation on theme: "Introduction to Globalization  What is GLOBALIZATION ?  GREATER OPPORTUNITIES & BENEFITS  Advanced Economies must be prepared to embrace policies so."— Presentation transcript:

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2 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

3 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.

4 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

5 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!

6 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.

7 The 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 DISADVANTAGES AMERICANS NEED JOBS, right now more than ever!

8 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

9 Vote For Terrorism !  Invasion of Privacy  Increased Insecurity  Health Risk  Inequality of Women  Exploitation  Children – Natural Resources

10 N E W W O R L D O R D E R


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