Session 8 Joseph Stiglitz‚ Globalization and its Discontents‚ 2002 Chapters 1 and 2 [pic] Chapter 1: The Promise of Global Institutions International Organizations – powerful institutions today A. International Bureaucrats – the “faceless symbols of the world economic order” are under attack B. Protests of Int’l Org Meetings – continual flashpoints/conflict 1. WTO – Seattle‚ 1999 protest 2. Annual IMF/World Bank protests
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What is globalization “Shift toward more integrated and interdependent economy.” Free trade is a policy in international markets in which governments do not restrict imports or exports. However‚ most governments still impose some protectionist policies that are intended to support local employment‚ such as applying tariffs to imports or subsidies to exports. Lower price Some countries Tecnologie Containerization has revolutionized the transportation business‚ significantly lowering the costs
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1106 31 March 2015 The Effect of Globalization The world today is becoming much more globalized. Globalization is the spread of cultures and ideas through the interaction of people across the world. With the addition of new technology‚ something that happens in one area of the world can now affect different areas on the other side of the world. In “Case Study: Global Issues‚” “Think Again Globalization“ by Moises Nam‚ and “Social Implications of Globalization: Can New Ways of Learning Humanize
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Does globalization cause poverty? Many people who are concerned about the fate of the world’s poor now attribute their plight to globalization. They argue that globalization has weakened the position of poor countries and exposed poor people to harmful competition. Their concern is understandable‚ especially since the gap between rich and poor has indeed become more glaring in recent decades. However‚ proving a direct link between economic globalization and poverty is a complex task for several
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Globalization and the Congo The article “Globalization‚ water‚ and the Congo” tackles the negative effects of globalization in the Congo. Some of these negatives include the sourcing of weapons from foreign entities‚ or the need of companies to acquire rare natural resources to fuel the ever increasing demand for their electronic products by the global village. Other more indirect effects of globalization are also covered‚ like the shortage of clean water and why simple fixes to this crisis are
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To What Extent is Culture a Driver of or a Constraint to Globalization? Cavusgil‚ Knight and Riesenberger define globalization of markets as the ongoing economic integration and growing interdependency of countries worldwide (2008‚ 4). From an economic point of view‚ globalization is reduction in‚ or removal of‚ foreign trade barriers in order to facilitate the flows of goods across borders (Leidner 2010‚ 1). Cultural globalization takes a more anthropological point of view‚ and refers to “a phenomenon
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According to J.H. Mittelman‚ "globalization means a historical transformation in economy and cultural diversity. Globalization is the idea of making the world act like a huge country. Globalization affects this world and the people in this world in many ways. Globalization affects the economy status of a country. It has indeed weakened the position of poor countries and exposed poor people to harmful competition. Globalization is the strategy of liberation that becomes an economic nightmare
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GLOBALIZATION EVOLUTION OF GLOBALIZATION The term globalization denotes “globe” as a single market. Product presence in different Markets of the world. Production base across the globe. Human resources from all over the world. International investment Transaction involving IPRs. The advent in ICI(information‚ communication and technology) Rapid economic liberalization of trade and investment The mobility of people and transactional moves The reach of satellite channels‚ internet etc.
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GLOBALIZATION In the present days‚ globalization plays a very important role in our life. It’s importance gradually increasing. But in the meantime it is a hot potato debate that is it blessing or curse in human life? Some people argue that globalization has a fundamentally beneficial influence on our life‚ while others told that it has a lot negative point. But if we noticed‚ Globalization not only developed the technology and economy but also exchanged the culture between different countries
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Globalization and Regionalization International business transactions are starting to become more prevalent and ever easier to conduct due to advancement in information technology and improving inter-country relations. Globalization and its lead in stepping stone regionalization are paving the way for increased free trade agreements and comparative advantages in various goods between different countries and nations. The addition of the World Bank and the World Trade Organization (WTO) as tools
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