Debate Topic: On balance, economic globalization benefits worldwide poverty reduction
National High School Debate League of China
Spring 2015 Research Packet
Topic:
Resolved:
On balance, economic globalization benefits worldwide poverty reduction.
Source: Forbes
Date: September 10, 2011
Link:
http://www.forbes.com/sites/panosmourdoukoutas/2011/09/10/the-good-the-bad-andthe-ugly-side-of-globalization
The Good, The Bad, And The Ugly Side Of Globalization Globalization, the increasing integration and interdependence of domestic and overseas markets, has three sides: the good side, the bad side, and the ugly side. The good side of globalization is all about the efficiencies and opportunities open markets create. Business can communicate efficiently and effectively with their partners, suppliers, and customers and manage better their supplies, inventories, and distribution network. Local producers can sell their products in distant markets with the same ease and speed as in their home country. Sony Corporation (NYSE:SNE), for instance, can sell its TV and game consoles with the same ease in New York as in Tokyo. Likewise,
Intel
(NASDAQ:INTC),
Apple
(NASDAQ:AAPL), and Cisco
(NASDAQ:CSCO) can sell their high tech gear with the same ease in Tokyo as in New York. The good side of globalization is also about easy credit and rising leverage, as money flows easily across local and national boundaries, and creditors fail to distinguish between good and bad borrowers, boosting aggregate demand; setting the world economy into a virtuous cycle of income and employment growth; and easy credit and leverage fuel financial bubbles that feed into a euphoria that perpetuates the virtuous cycle. The bad side of globalization is all about the new risks and uncertainties brought about by the high degree of integration of domestic and local markets, intensification of competition, high degree of imitation, price and profit swings, and
Spring 2015 Research Packet
Topic:
Resolved:
On balance, economic globalization benefits worldwide poverty reduction.
Source: Forbes
Date: September 10, 2011
Link:
http://www.forbes.com/sites/panosmourdoukoutas/2011/09/10/the-good-the-bad-andthe-ugly-side-of-globalization
The Good, The Bad, And The Ugly Side Of Globalization Globalization, the increasing integration and interdependence of domestic and overseas markets, has three sides: the good side, the bad side, and the ugly side. The good side of globalization is all about the efficiencies and opportunities open markets create. Business can communicate efficiently and effectively with their partners, suppliers, and customers and manage better their supplies, inventories, and distribution network. Local producers can sell their products in distant markets with the same ease and speed as in their home country. Sony Corporation (NYSE:SNE), for instance, can sell its TV and game consoles with the same ease in New York as in Tokyo. Likewise,
Intel
(NASDAQ:INTC),
Apple
(NASDAQ:AAPL), and Cisco
(NASDAQ:CSCO) can sell their high tech gear with the same ease in Tokyo as in New York. The good side of globalization is also about easy credit and rising leverage, as money flows easily across local and national boundaries, and creditors fail to distinguish between good and bad borrowers, boosting aggregate demand; setting the world economy into a virtuous cycle of income and employment growth; and easy credit and leverage fuel financial bubbles that feed into a euphoria that perpetuates the virtuous cycle. The bad side of globalization is all about the new risks and uncertainties brought about by the high degree of integration of domestic and local markets, intensification of competition, high degree of imitation, price and profit swings, and