Lead-inQuestions•Thinkaboutwhetherglobalizationismakingtheworldbetterorworse?Usespecificexamplestosupportyourideas.RelatedExpressions•integration•tariff•revolution•merchandise•proponent•substitute•premium•incentive•episode•protectionism•Globalizationhasmanydefinitions,butgenerallyitreferstovariousglobalinterconnections•TheinterconnectionsexistacrossavarietyofhumanactivitiesEconomicSocialPoliticalCulturalBiologicalGlobalisationGlobalisationcouldinvolveallthesethings!IntegrationofEconomies•Theincreasingrelianceofeconomiesoneachother•Theopportunitiestobeabletobuyandsellinanycountryintheworld•Theopportunitiesforlabourandcapitaltolocateanywhereintheworld•ThegrowthofglobalmarketsinfinanceStockMarketsarenowaccessiblefromanywhereintheworld!Copyright:edrod,stock.xchngIntegrationofEconomies•Madepossibleby:–Technology–Communicationnetworks–Internetaccess–Growthofeconomiccooperation–tradingblocs(EU,NAFTANorthAmericanFreeTradeAgreement,etc.)–MovementtofreetradeTradeversusAid?•BenefitsofTrade:–Increasedchoice–Greaterpotentialforgrowth–Increaseinternationaleconomiesofscale–GreateremploymentopportunitiesTradehasledtomassiveincreasesinwealthformanycountries.Copyright:budgetstock,stock.xchngTradeversusAid?•Disadvantagesoftrade:–Increaseingapbetweentherichandthepoor–Dominanceofglobaltradebytherich,northernhemispherecountries–Lackofopportunitiesforthepoortobeabletohaveaccesstomarkets–ExploitationofworkersandgrowersHowfardoestradehelpchildrenlikethese?Copyright:clesio,stock.xchngCorporateExpansion•Multi-nationalortrans-nationalcorporations–businesseswithaheadquartersinonecountrybutwithbusinessoperationsinanumberofothers.Nomatterwhereyougointheworld,certainbusinesseswillalwayshaveapresence.Copyright:mkeky,stock.xchngCorporateExpansion•Characteristics:–Expandingrevenue–Loweringcosts–Sourcingrawmaterials–Controllingkeysupplies–Controlofprocessing–GlobaleconomiesofscaleControllingsuppliesmaybeonereasonforglobalexpansion.Copyright:rsvstks,stock.x...
