Economic integration as a hallmark of globalization
•Increase of international currency transactions
•Growth of marginal courtiers
Global blessing or contagious disease?
Capitalism not yet fully globalized?
•Core of the economy –30 countries: Asian Pacific, Western Europe, North America •Geopolitical changes: Soviet Union demise
•Unequal development of technology
Global labor, multinational companies and human right
•Humanitarian concerns in Asia
•Authoritarian governments’ pacifying policy
“ Globaphobia ”
•US and Western European wages and jobs
WAWASAN 2020 by William Greider
•Corporations’ thirst to reduce costs
•Political transactions of poor countries against the principles of free market •Special favors in commerce: state subsidies, exemption form taxation, government suppression of workers, no import duties. •Primitive cultures and modernity
•Multinational corporations and the problem of insecurity •Global jobs auction
THE JOYS OF GLOBAL INVESTMENT by T.C. Fishman
•The movement of American money into stocks across borders( increase by 600% to $1.5 trillion in 1994) •Investing in international stocks directly, through mutual funds or pension accounts. •Two new products: global funds, and international funds •The assets of those funds (growth from $ 5.2 billion to $ 264 billion in 1996) •Stocks and international investors in former Eastern bloc, Asia, Africa •Collective greed and collective fear
•US and Western European economic growth vs. the rest of the world •China 2020
•Labor and environmental problems of the corporations
DOES GLOBALIZATION LOWER WAGES AND EXPORT JOBS? By M. Slaughter and P. Swagel
•Global integration: expansion of...