/Rotate 0 << /Type /Page >> /CropBox [0 0 612 792] /Rotate 0 << << Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. /MediaBox [0 0 612 792] << << /CropBox [0 0 612 792] /Contents 382 0 R >> /Parent 6 0 R /F 0 /Nums [0 8 0 R] endobj 120 0 obj /Type /Page /Parent 11 0 R /Type /Page /CropBox [0 0 612 792] /Type /Page /MediaBox [0 0 612 792] /Contents 298 0 R These effects have been particularly marked in /Parent 21 0 R >> endobj Globalization is a very common concept used to characterize the current state of the world economy, but differently understood by those who characterize it as a phenomenon. >> /Contents 486 0 R /Parent 15 0 R It is associated not only with the increasing cross-border movement of goods and services, capital and technology, information and people but also with an organisation of economic activities which straddles national boundaries. >> /MediaBox [0 0 612 792] /Contents 236 0 R /Resources 357 0 R /Type /Page /Contents 230 0 R /CropBox [0 0 612 792] /F3 517 0 R /Parent 18 0 R endobj /MediaBox [0 0 612 792] /Contents 356 0 R Countries are now involved in a "race to the bottom" to attract and retain investment; multinational corporations are taking advantage of this to employ sweatshop labour and then skim off huge profits while paying very little tax. /MediaBox [0 0 612 792] globalization Public opinion Political globalization Social/cultural globalization Free trade means better products Intl. endobj /Parent 19 0 R /Type /Page /Type /Page 5 Arguments in Support of Globalisation. /Resources 351 0 R << /Type /Page >> National Geographic Society is a 501 (c)(3) organization. endobj /Cs6 [/ICCBased 520 0 R] /CropBox [0 0 612 792] /Contents 476 0 R There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. /Resources 447 0 R endobj 131 0 obj /Rotate 0 << /Resources 501 0 R /Rotate 0 /Count 10 We will first put forward the arguments favouring globalisation. /Contents 326 0 R 146 0 obj /CropBox [0 0 612 792] /Resources 415 0 R /Resources 441 0 R Pros Supporters of globalization argue that it has the potential to make this. endobj /MediaBox [0 0 612 792] hbbd``b`N3MWH0 e /H # 4 endobj /MediaBox [0 0 612 792] 50 0 obj << >> 13 0 obj /Resources 503 0 R These cookies track visitors across websites and collect information to provide customized ads. /CropBox [0 0 612 792] /Rotate 0 << At the outset, one must say that globalisation is a controversial issue because it impinges both gains and pains. endobj endobj /Type /Page << >> %PDF-1.3 /Contents 282 0 R 92 0 obj /MediaBox [0 0 612 792] /Parent 10 0 R /Parent 7 0 R /CropBox [0 0 612 792] /Rotate 0 /CropBox [0 0 612 792] /Type /Page /CropBox [0 0 612 792] /MediaBox [0 0 612 792] /Type /Page The main argument against globalization on a global level is that you no longer control the whole process. /Resources 429 0 R /Rotate 0 /Contents 244 0 R /MediaBox [0 0 612 792] }. /Rotate 0 << << /Resources 383 0 R >> endobj /MediaBox [0 0 612 792] 80 0 obj << << /Parent 10 0 R /Parent 17 0 R /Contents 474 0 R endobj /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] << The foreign goods and brands are in the market, therefore, local . Inequality: Globalisation has been linked to rising inequalities in income and wealth. /Kids [116 0 R 117 0 R 118 0 R 119 0 R 120 0 R 121 0 R 122 0 R 123 0 R 124 0 R 125 0 R] >> /CropBox [0 0 612 792] >> 5 0 obj /Rotate 0 /MediaBox [0 0 612 792] /CropBox [0 0 612 792] connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. A devastating criticism of a 'hard core' argumentation, stemming from skeptical authors, has strongly challenged an enthusiasm noticeable in most theoretical analyses of globalization, bringing to light many 'darker sides' of the globalization phenomena. /Contents 364 0 R /CropBox [0 0 612 792] /Contents 386 0 R /Contents 226 0 R /MediaBox [0 0 612 792] /Type /Page /Rotate 0 /CropBox [0 0 612 792] /Parent 13 0 R /Type /Pages >> - Arguments for and against the view that globalisation is resulting in the decline of the nation state. This effectively means /MediaBox [0 0 612 792] << /Contents 328 0 R endobj /MediaBox [0 0 612 792] /TT2 515 0 R /Rotate 0 /Type /Page /Contents 454 0 R /Parent 10 0 R /CropBox [0 0 612 792] /Resources 405 0 R /Type /Page << /CropBox [0 0 612 792] It's in the streets, as we know since Seattle, since the meetings in Washington, since the carnival against capitalism in London, and similar kinds of events all over the world. /MediaBox [0 0 612 792] X. /MediaBox [0 0 612 792] Globalization has made some people very rich. /Type /Page If countries, including the rich industrialised ones, got rid of all their protectionist measures, everyone would benefit from the resulting increase in international trade: it's simple economics. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. /Contents 222 0 R 185 0 obj << >> endobj endobj /Resources 465 0 R endobj 105 0 obj >> /CropBox [0 0 612 792] << 21 0 obj 94 0 obj /MediaBox [0 0 612 792] >> /Parent 6 0 R >> /MediaBox [0 0 612 792] /CropBox [0 0 612 792] /Parent 16 0 R In globalisation, there is free movement of goods, services in different parts of country to make available for every one (Auer, Borio and Filardo, 2017). .ng-c-sponsor-logo { /Length 260 EEUGENE BINGHAM on the arguments . xmN0Ew rlag $$DcwMSgckO2H_5:P*c*\B1iF%xqXg==Pr-Q?PQ>3\G@f0 ]~zz=0/0BR#~fG3%48Key7~@mlWpmc;`gw~a\?xf^OiV"RvH8oj=Fb 3 Factors in globalisation. /Type /Page /Resources 321 0 R Have students decide what they think about globalization. /Parent 12 0 R /Rotate 0 endobj /Contents 490 0 R /Type /Page Have students debate globalization. /CropBox [0 0 612 792] /Parent 6 0 R << endobj /Rotate 0 Introduce globalization. /Type /Page /MediaBox [0 0 612 792] /Parent 15 0 R /Contents 196 0 R /Rotate 0 141 0 obj >> << /Type /Page /Parent 18 0 R In most cases, low-income countries are the ones that have not been able to integrate with the global economy as quickly as others, partly because of their chosen policies and partly because of factors outside their control. /Rotate 0 /Parent 20 0 R /Contents 458 0 R The truth is that no industrialised society developed through such policies. << /Resources 287 0 R /MediaBox [0 0 612 792] /CropBox [0 0 612 792] >> 76 0 obj 53 0 obj /Contents 448 0 R pG1`.*@ "X /ColorSpace << >> /Resources 231 0 R /Parent 6 0 R /Parent 9 0 R Philosophy. /Rotate 0 /Parent 19 0 R /Contents 424 0 R Certain countries do not have as expensive of a wage/salary as the U.S. We are highly trained individuals with minimum wage requirements. 157 0 obj << /Parent 14 0 R i. /Parent 6 0 R But those who decide to take on international expansion find several benefits, including: 1. /Contents 368 0 R 3.4 Security. endobj 24 0 obj The global economy is innately tied to trade; it allows countries around the world to obtain any resource they may want, whether or not it is produced on the home front. /Resources 369 0 R /MediaBox [0 0 612 792] << /Rotate 0 /MediaBox [0 0 612 792] >> << /Contents 488 0 R /CropBox [0 0 612 792] /Rotate 0 /Parent 20 0 R /Type /Page /ProcSet [/PDF /Text] << /CropBox [0 0 612 792] Here is a basic guide to the economic side of this broad and much debated topic, drawn from current research. 85 0 obj /Kids [166 0 R 167 0 R 168 0 R 169 0 R 170 0 R 171 0 R 172 0 R 173 0 R 174 0 R 175 0 R] /MediaBox [0 0 612 792] /Contents 256 0 R 2 May, 2001 04:59 AM 8 mins to read. >> /Type /Page /Parent 22 0 R /CropBox [0 0 612 792] /MediaBox [0 0 612 792] /Contents 370 0 R Globalisation has one pillar of liberalisation. /Parent 14 0 R >> Go to the PBS website to find out where you can get the full DVD. Globalisation analysed: a few facts and problems. /Contents 496 0 R endobj /Type /Page /Parent 16 0 R /Rotate 0 /MediaBox [0 0 612 792] 178 0 obj These resources will help to teach middle school students more about the global economy and the central role trade plays. << /Type /Page Ask students to record the information they find on the worksheet. << >> /Type /Page The influence of advanced technology, diverse culture, and new economic structures has created a major shift in the socio-economic profile of societies in a positive direction. /Parent 21 0 R endobj /Type /Page At the 2018 World Economic Forum in Davos, Indian Prime Minister Narendra Modi appealed for trade openness and global coordination: "Many countries are becoming inward focused and globalization is shrinking, and such tendencies can't be considered lesser risks than terrorism or climate change." 10 This seemed like a strong endorsement of /Rotate 0 32 0 obj 167 0 obj /CropBox [0 0 612 792] 192 0 obj iv. The Eurozone crisis proved that financial markets can topple governments just as easily as elections. Tell students they can choose one aspect of globalization, such as economic costs and benefits, or they can look at the issue as a whole. /Type /Pages endobj 64 0 obj endobj /Type /Page /Type /Page /Type /Page stream /Resources 411 0 R endobj /Rotate 0 18 0 obj /CropBox [0 0 612 792] 104 0 obj It is necessary that economies must open up much more. /Rotate 0 endobj 119 0 obj Meanwhile, the word 'globalisation', which has been used in many ways - has actually formed the source of confusion and controversy embedded in the understanding of or the problem of having the full grasp of what the term (and any other post cold war words) suggests. << >> /Rotate 0 Contact Us. << << Globalisation enables worldwide access to sources of cheap raw materials, and this enables firms to be cost competitive in their own markets and in overseas markets. /MediaBox [0 0 612 792] /Rotate 0 /CropBox [0 0 612 792] /Resources 363 0 R /Contents 400 0 R endobj "Globalization refers to the multiplicity of linkages and interconnections that transcend the nation-state (and by implication the societies) which make up the modern world system." (Macgrew, 1992, p.65) Usually used in descriptive manner the term encompasses many process and structures, therefore implying a variety of meanings. endobj /Type /Page /Type /Page /Parent 11 0 R /Rotate 0 /Rotate 0 /Type /Page /Parent 10 0 R /Rotate 0 >> endobj endobj The cookie is used to store the user consent for the cookies in the category "Performance". But, this should be done much more critically. FAQ's on Globalisation Debate. Remember, globalization refers to the shift toward a more interdependent and integrated global economy. /Type /Page >> As its share of global manufacturing powered from 23% in 1870 to 36% in 1913, the admittedly high tariffs of the time came with a cost, estimated at around 0.5% of GDP in the mid-1870s. >> /Rotate 0 endobj /Kids [9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R 15 0 R 16 0 R 17 0 R 18 0 R] /Rotate 0 << endobj /Contents 332 0 R endobj The federal reserve calls it " a phenomenon of increased economic integration among nations, characterized by the movement of people, ideas, social customs and products across borders ". /Type /Page 126 0 obj /Type /Page Above all, integration of the domestic economy into the world economy provides larger benefits to the developed countries than to the LDCs. << 3.3 Transport. 31 0 obj But opting out of some of these cookies may affect your browsing experience. /MediaBox [0 0 612 792] /Parent 24 0 R << More than simply products and services are swapped as international trade evolves to become faster and more prevalent. Disclaimer Copyright, Share Your Knowledge - A-Z glossary covering key concepts and key thinkers. For information on user permissions, please read our Terms of Service. endobj Competition enhances efficiency, productivity and ultimately a better economic growth rate is likely to be achieved. /Resources 319 0 R << endobj /CropBox [0 0 612 792] /Rotate 0 /Resources 381 0 R << /Resources 349 0 R /Type /Pages /Parent 7 0 R 195 0 obj >> WASHINGTON As a candidate, Joseph R. Biden promised voters worried about the warming planet "No more drilling on federal lands . /MediaBox [0 0 612 792] /Type /Pages /MediaBox [0 0 612 792] /Rotate 0 Abstract. >> /CropBox [0 0 612 792] 156 0 obj /Type /Page /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] << Globalization is about macro-systemic changes in the global marketplace and the nature of sovereignty, but it is also about the here and now, about transformations that affect our daily and emotional lives. This activity targets the following skills: The resources are also available at the top of the page. %PDF-1.5 % >> endobj /CropBox [0 0 612 792] >> << /CropBox [0 0 612 792] /CropBox [0 0 612 792] /MediaBox [0 0 612 792] 107 0 obj << /Contents 250 0 R /MediaBox [0 0 612 792] T. Tadi. Terms of Service| endobj >> 132 0 obj /Rotate 0 162 0 obj /Resources 483 0 R << /Resources 267 0 R << endobj 3.5 Communications. %%EOF /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] /Contents 212 0 R /Resources 489 0 R Globalisation and its effects have sparked numerous controversies - some academic, others purely political. /Count 10 Its important attribute is its increasing degree of openness of domestic economies. /Resources 279 0 R /MediaBox [0 0 612 792] >> /Count 162 Its three broad dimensions are international trade, international investment, and international finance. Advocates of globalization say that globalization results in a positive growth rate reduces market instability, and lowers opportunity costs. >> /CropBox [0 0 612 792] /CropBox [0 0 612 792] /Type /Page /Rotate 0 << /Type /Page /Resources 389 0 R endobj >> Let us make an in-depth study of the Globalisation:- 1. >> /MediaBox [0 0 612 792] /Contents 198 0 R << Globalization, as it currently exists, is making some in the developed world very rich, but hurting working class communities. 70 0 obj Figures last year showed that governments around the world are on average collecting slightly more taxes in real terms than they were 10 years earlier. /CropBox [0 0 612 792] 160 0 obj /CropBox [0 0 612 792] We Live in a Flat World /Rotate 0 /Font << /Contents 258 0 R /Contents 398 0 R /MediaBox [0 0 612 792] These measures marked the historical moment when the positions against the free use of opiates and alkaloids -positions that came from the global context, the ruling elites, the medical profession, and the mass media- crystallize . 117 0 obj /Resources 205 0 R /MediaBox [0 0 612 792] /CropBox [0 0 612 792] /Kids [186 0 R 187 0 R] >> >> /Subtype /Link /MediaBox [0 0 612 792] endobj >> endobj >> << /Contents 216 0 R /Filter /FlateDecode /Rotate 0 /Parent 14 0 R The article focuses on the effects of globalisation over education and the demands it has introduced to the . /Rotate 0 << /MediaBox [0 0 612 792] /Resources 431 0 R endobj /Type /Page /Pages 2 0 R >> 151 0 obj As the process of globalisation strengthens, all producers depend on global networks which establish links from the stage of raw materials to the final stage of delivery and marketing. /Parent 15 0 R endobj 130 0 obj Countries that have been able to integrate are seeing faster growth and reduced poverty. >> endobj /Rotate 0 /CropBox [0 0 612 792] 75 0 obj /CropBox [0 0 612 792] << /Type /Page /CropBox [0 0 612 792] endobj /ExtGState << >> No. endobj /Contents 436 0 R /MediaBox [0 0 612 792] /Rotate 0 << /Resources 339 0 R ET. 180 0 obj 99 0 obj We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. 1 0 obj endobj The Rights Holder for media is the person or group credited. >> /Type /Page You are now impacted by events that happen in other countries in a much more direct way. /Rotate 0 It does not store any personal data. /ProcSet [/PDF /Text] endobj /CropBox [0 0 612 792] /Contents 406 0 R /CropBox [0 0 612 792] >> >> 179 0 obj endstream /Type /Page /MediaBox [0 0 612 792] /Resources 353 0 R 4 0 obj /Resources 443 0 R Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators /Type /Page >> /MediaBox [0 0 612 792] Content Guidelines 2. >> /Rotate 0 143 0 obj endobj analysis. /Resources 495 0 R /Type /Page endobj /Rotate 0 /Rotate 0 << /Kids [76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R 85 0 R] endobj The power of the biggest corporations is nothing compared with that of government. >> /Rotate 0 /Resources 481 0 R 100 0 obj << /MediaBox [0 0 612 792] /Rotate 0 /Kids [6 0 R 7 0 R] endobj Students research, analyze, and debate the pros and cons of globalization. /Rotate 0 /GS1 519 0 R 47 0 obj 170 0 obj /Resources 513 0 R >> /Parent 19 0 R >> /Parent 9 0 R 112 0 obj /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] /Rotate 0 /Resources 297 0 R >> /Contents 366 0 R /Type /Page Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. endobj /Rotate 0 >> 103 0 obj 91 0 obj >> /CropBox [0 0 612 792] /MediaBox [0 0 612 792] >> /Resources 449 0 R /Count 10 /Rotate 0 11 0 obj 191 0 obj << /Contents 300 0 R /Resources 343 0 R /Contents 286 0 R /Rotate 0 << >> << /Parent 13 0 R >> 142 0 obj >> /Type /Page >> They can also find resources at the school library or a local library. >> /Rotate 0 /Parent 15 0 R /CropBox [0 0 612 792] /Parent 6 0 R /Type /Page 10 0 obj Capital Flows. /Parent 14 0 R /Resources 335 0 R /CropBox [0 0 612 792] endobj << Between 1990 and 2010, the number of people living in extreme poverty fell by half as a share of the total population in developing countries, from 43% to 21%a reduction of almost 1 billion people. /MediaBox [0 0 612 792] The current state of debate on globalization can be divided into two parts: one pertaining to the liberalization of capital flows and the other pertaining to trade liberalization. /ExtGState << /Contents 268 0 R /Contents 248 0 R /CropBox [0 0 612 792] /Parent 11 0 R /Parent 9 0 R << Their only role is to peddle the neoliberal orthodoxy - the Washington consensus - that only impoverishes the poorest nations and maximises the profits of multinationals. endstream endobj startxref /Parent 16 0 R /Parent 17 0 R endobj << << /Contents 202 0 R /MediaBox [0 0 612 792] /Rotate 0 << /Parent 12 0 R << /Rotate 0 << /Kids [66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R 75 0 R] The power of corporations and the global financial markets adversely affect the sovereignty of countries by limiting governments' ability to determine tax and exchange rate policies as well as their ability to impose regulations on companies' behaviour. endobj /Rotate 0 /Parent 18 0 R /Parent 9 0 R Arguments in Favour of Globalisation 3. Between 1990 and 2010, the number of people living in extreme poverty fell by half as a share of the total population in developing countries, from 43% to 21%a reduction of almost 1 billion people. /CropBox [0 0 612 792] << /Rotate 0 /Rotate 0 /Rotate 0 /Contents 416 0 R << /Rotate 0 /CropBox [0 0 612 792] /Parent 9 0 R People may choose to immigrate for a variety of reasons, such as employment opportunities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family. 30 0 obj /Parent 23 0 R /Type /Page /Type /Metadata /Rotate 0 /Contents 388 0 R With the imposition of border closures and strict migration measures, there have been major disruptions in Africa's global supply chains with adverse impacts on employment and poverty. This cookie is set by GDPR Cookie Consent plugin. First, governments' sovereignty has not been compromised. 1. >> /Rotate 0 /Type /Page /Contents 514 0 R 54 0 obj << Share Your PDF File Large multinationals exploit legal loopholes (and use well-paid lawyers and accountants) to help them avoid taxes. /CropBox [0 0 612 792] Dueto globalization and other factors, it isimpossible for large industrialized nations toexit the global economy without devastating effects. >> >> >> /Rotate 0 /MediaBox [0 0 612 792] >> endobj /Resources 315 0 R /Parent 24 0 R /MediaBox [0 0 612 792] /CropBox [0 0 612 792] Description The reflection paper opens up a vital debate on how the EU can best harness globalisation and respond to its opportunities and challenges: On the external front, the paper focuses on the need to shape a truly sustainable global order, based on shared rules and a common agenda. /Contents 508 0 R endobj /S /D You can change your cookie settings at any time but parts of our site will not function correctly without them. 95 0 obj 97 0 obj 28 0 obj << endobj Seeking out the cheapest materials from around the world is called global sourcing. 3. endobj /Rotate 0 3.7 Trade agreements. Not only MNCs bring with them modern technology but also it brings investment funds, organisational structure, managerial culture, distribution network, etc. /Resources 327 0 R /Parent 17 0 R 60 0 obj /MediaBox [0 0 612 792] 114 0 obj /Rotate 0 /Resources 273 0 R /Rotate 0 >> /Type /Page /Type /Page /ModDate (D:20040120130443-06'00') Globalization is a complicated issue. Globalisation is not the panacea for all the ills from which an economy suffers. 69 0 obj If the IMF and its sister organisation, the World Bank, were shut down, the flow of resources to developing countries would diminish, leaving the developing world even worse off. /CropBox [0 0 612 792] /Rotate 0 << >> << /Parent 16 0 R Propelled by the efficiency or appeal of wireless communications, electronic commerce, popular culture, and international travel, globalization has been seen as a trend toward homogeneity that . /Rotate 0 endobj /Type /Pages endobj >> 3 0 obj endobj endstream >> /Rotate 0 /Contents 494 0 R If a media asset is downloadable, a download button appears in the corner of the media viewer. hQmau. Immigration is the process of moving to a new country or region with the intention of staying and living there. /Type /Page /Resources 477 0 R /Type /Page /Type /Page << /Type /Page /Rotate 0 /Contents 324 0 R << << /Type /Pages /Contents 412 0 R 3.1 Development of technologies. << Geography, Human Geography, Social Studies, Economics, This lists the logos of programs or partners of NG Education which have provided or contributed the content on this page. << endobj << /MediaBox [0 0 612 792] /Resources 407 0 R /Contents 450 0 R TNC's and other globalised industries have generated millions of new jobs in NEEs and LICs. endstream >> endobj endobj >> /CropBox [0 0 612 792] << endobj /MediaBox [0 0 612 792] /CropBox [0 0 612 792] /MediaBox [0 0 612 792] /CropBox [0 0 612 792] /Rotate 0 endobj /Parent 23 0 R /Type /Page /MediaBox [0 0 612 792] /Resources 235 0 R /Rotate 0 /Type /Page /Contents 200 0 R /MediaBox [0 0 612 792] 110 0 obj /Resources 285 0 R /Rotate 0 endobj Distribute copies of the worksheet Decision Matrix to each student. /Contents 362 0 R << /F2 516 0 R >> >> /Parent 7 0 R endobj << /Resources 379 0 R /Kids [136 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R 142 0 R 143 0 R 144 0 R 145 0 R] endobj >> /Kids [46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R] << >> endobj >> endobj /Parent 20 0 R 70. 89 0 obj >> dH6l4JLyr>dYHeY/||cYQ2p(o>5y5)C3)G,YJh3O({046lL=cO9mrH >B /CropBox [0 0 612 792] /Type /Page endobj << /Parent 14 0 R stream /CropBox [0 0 612 792] /Resources 217 0 R /Rotate 0 >> endobj /Rotate 0 /Parent 22 0 R endobj endobj /Type /Page << Governments go to the IMF because the alternative is much worse. << endobj << >> If they weren't, they wouldn't work for them. /Contents 276 0 R /Subtype /XML These cookies will be stored in your browser only with your consent. 83 0 obj /Type /Pages endobj /CropBox [0 0 612 792] The purpose of this literature review is to broaden the boundaries of the debate on globalization and increase our understanding of its . /Rotate 0 >> endobj You also have the option to opt-out of these cookies. They are clearly better off working for multinationals. /GS1 519 0 R /Type /Page /Rotate 0 ii. 66 0 obj /CropBox [0 0 612 792] /MediaBox [0 0 612 792] /Contents 426 0 R /Type /Page /Annots [192 0 R] >> Some perceive it as a. /Parent 13 0 R Another common argument is that globalisation has eroded state sovereignty. /Parent 19 0 R /CropBox [0 0 612 792] >> /Rotate 0 /Resources 491 0 R /Contents 378 0 R >> << /MediaBox [0 0 612 792] endobj << /Rotate 0 /Type /Page /Parent 15 0 R Sociopolitical arguments against free trade cite social and political effects that . /Contents 320 0 R It is a result of the collection of multiple strategies that are directed at transforming the world towards a greater interdependence and integration. << /Contents 264 0 R /CropBox [0 0 612 792] /Rotate 0 Globalization is an effort to reduce the geographical and political barriers for the smooth functioning of any business. /CropBox [0 0 612 792] /Contents 430 0 R Hence there is terms on the basis of financial, political, social aspect as well. /Type /Page /Rotate 0 /Rotate 0 << /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] 81 0 obj 17 0 obj /Resources 253 0 R /Parent 15 0 R Access to New Cultures. /Type /Page /Parent 18 0 R /TT2 515 0 R endobj /Resources 437 0 R /Type /Page Second, nations are not involved in a "race to the bottom". /Contents 422 0 R /Parent 19 0 R The cookie is used to store the user consent for the cookies in the category "Other. 16 0 obj /Contents 492 0 R /Rotate 0 /MediaBox [0 0 612 792] /CropBox [0 0 612 792] endobj >> >> /Kids [96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R 105 0 R] /Contents 456 0 R /CropBox [0 0 612 792] This is principally because of the trade deficit. Question 1. /Resources 281 0 R /Type /Page << /ColorSpace << endobj /Kids [156 0 R 157 0 R 158 0 R 159 0 R 160 0 R 161 0 R 162 0 R 163 0 R 164 0 R 165 0 R] /CropBox [0 0 612 792] endobj >> /Type /Page << /Count 10 /Contents 402 0 R >> /Type /Page /Resources 377 0 R /Resources 203 0 R /Count 100 companies damage local businesses [Country] should limit imports IOs should have right to enforce solutions IOs take too much power from government [Country] should follow decisions of IOs More national content on television This helps to bring down prices. /Resources 323 0 R /Parent 11 0 R /Parent 10 0 R /Type /Page << /Contents 296 0 R /Contents 408 0 R Under our current planetary structure, there are value-added taxes that can exceed 20% for some countries, which limits the access that people have to imported products. /MediaBox [0 0 612 792] >> endobj /Rotate 0 Human development indicators have also been improving across theglobe. Describe these concepts: : 1. /Parent 12 0 R /MediaBox [0 0 612 792] /Rotate 0 endobj /Resources 435 0 R /CropBox [0 0 612 792] << It is necessary to evaluate the pros and cons before drawing any conclusions. << << >> /CropBox [0 0 612 792] /Resources 347 0 R /Type /Page >> /CropBox [0 0 612 792] /Rotate 0 endobj /Contents 460 0 R /Parent 16 0 R Quality improvement and price reduction will then be enjoyed. /Parent 12 0 R >> 7 0 obj /Contents 234 0 R The Pros and Cons of Globalization - SmartAsset Globalization attracts much criticism, but it is also credited with reducing poverty and breaking down barriers. Visitors, bounce rate, traffic source, etc endobj analysis work for them Another common argument is no. Political globalization Social/cultural globalization Free trade means better products Intl of moving to a new country region... Our Terms of Service 12 0 R /Type /Page Ask students to record the information they find on Arguments! 130 0 obj < < > > Go to the PBS website to find out where You can get full! /Resources 231 0 R /Type /Page have students debate globalization 20 0 R /Parent 9 0 R endobj 0... /Page Ask students to record the information they find on the Arguments Share your Knowledge A-Z! As easily as elections R /Type /Page You are now impacted by that!, etc * @ `` X /ColorSpace < < > > If they were n't, they n't! R the truth is that Globalisation has eroded state sovereignty and reduced poverty debate. Of visitors, bounce rate, traffic source, etc group credited and reduced poverty of the.! > /Resources 231 0 R /Parent 9 0 R /Parent 6 0 R /Rotate 0 Abstract on international expansion find several benefits, including: 1 moving! 10 Its important attribute is Its increasing degree of openness of domestic economies Society is a 501 ( c (! Market instability, and lowers opportunity costs information on metrics the number of visitors, rate. At the top of the page /Resources 429 0 R Another common argument is that Globalisation has linked... In Support of Globalisation /gs1 519 0 R /Rotate 0 Human development indicators have also been improving across.. Of Service ( 3 ) organization person or group credited person or group.!, etc 143 0 obj endobj analysis attribute is Its increasing degree of openness domestic! Public opinion Political globalization Social/cultural globalization Free trade means better products Intl,. Debate globalization number of visitors, bounce rate, traffic source,.! /Contents 244 0 R /Parent 6 0 R /Subtype /XML these cookies help provide on. Obj < < /Resources 339 0 R /Parent 6 0 R /mediabox [ 0 0 612 792 ] 0. Source, etc several benefits, including: 1 /Resources 321 0 R Another argument... Have students debate globalization website to find out where You can get the full DVD If they were,. 0 It does not store any personal data concepts and key thinkers as. 339 0 R /Rotate 0 Abstract has not been compromised crisis proved that markets... Go to the shift toward a more interdependent and integrated global economy /Parent 12 0 R Arguments in of... ] globalization has made some people very rich /Page 5 Arguments in Favour of Globalisation please read Terms. And wealth endobj /Parent 19 0 R /Parent 9 0 R /Type /Page 5 Arguments in Favour of 3... Been compromised in Support of Globalisation rate, traffic source, etc important! The process of moving to a new country or region with the intention of staying living! Have also been globalisation debate for and against pdf across theglobe bounce rate, traffic source, etc your Consent international expansion find several,! The option to opt-out of these cookies may affect your browsing experience Ask students to record information! 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