1. One World? Julia Karmanova EBM2-62G
lobalization
One World?
Julia Karmanova EBM2-62

2. Main ideas:
International economic integration reasons
Globalization: driving forces
Positive and negative views

4. Old news Development of production forces The rise of trade link
The 50 years before the First World War - reductions in trade barriers and sharp falls in transport costs
The First World War - period of fierce trade protectionism and restrictions on capital movement
The Second World War – Bretton Woods system; GATT and WTO

5. Modern globalization manifests itself in
production internationalization
capital internationalization
formation of the global infrastructure
increase of the international migration of labor
internationalization of impact of production and consumption on environment

6. Driving Forces Technology Liberalisation Information Social integrity
Politics

7. Consequences of globalization
Positive
Better division of labour between countries
It will allow firms to exploit bigger economies of scale
Capital can be shifted to whatever country offers the most productive investment opportunities
Negative
There will be a “race to the bottom”
Pressure to compete will erode the ability of governments to set their own economic policies
Increased power of financial markets can cause economic havoc

8. There are obstacles to development of global integration
Conclusion
Globalization provides opportunities for addressing general problems of mankind
There are obstacles to development of global integration