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