What is Globalization by yurtgc548


									  What is Globalization?

KFC: Kuwait
    Globalization refers to the global
     connectivity, integration, and
interdependence of cultural, economic,
   technological, environmental and,
             social factors.
Globalization and the Economy
Globalization is felt first and foremost in
economic life. Globalization refers to the
increasing integration and interdependence
of all realms of economic life, including
trade, production, and consumption.
Arguments against Globalization
  • Perpetuates the cycle of poverty
  • Promotes inequality
  • Outsourcing of jobs
  • Transferring of business culture
  • Protection of business sectors
  • Creates trade imbalances
  • Exploits the environment
  • Promotes terrorism
Arguments for Globalization
• Increases life expectancy
• Improved standard of living
• Promotes equality
• Increased democratic participation
• Decrease in child labor
• Equalizes trade
• Reduces the threat of terrorism
• Can create economic incentives for peace
         What is the WTO?
• Founded in 1995
• 150 member nations
• Overriding purpose is to help trade flow as
freely as possible
•Negotiating forum
• Set of Rules
• Settles Disputes between countries
US trade
deficit as of
59.1 billion

2006 US trade deficit with China in millions of dollars
Exports = 55,224.2 Imports = 287,772.8
Difference: -232,548.6
Difference 2006: -201, 544.8; 1985: -6
What US companies outsource?
 • Nike (production)
 • Delta Airlines (customer service)
 • Chase Financial (customer service)
 • Sara Lee (production)
 • IBM (customer service & production)
 • Dell (customer service & production)
 • American Express (customer service)
 • Hanes (production)
 • Western Union (customer service)

   Virtually every business sector outsources, mortgage
    companies, banks, retailers, airlines, automakers,
         internet service providers, computer, etc.
By 2008 Costa Rica
will employ 730,000 in
customer service call
centers for American
companies. Employees
will make $400 a

A nacreous cloud seen from Antarctica's Mawson base. Unfortunately, it is a
reminder of environmental damage being inflicted on the ozone layer by decades of
chlorofluorocarbon emissions.
Ecological damage resulting from the explosion and fire at Rukpokwu-Rumuekpe pipeline,

Apple Ipod factory China.
Nike factory
An interconnected world means that diseases
such as SARS, HIV/AIDS, Bird Flu are an even
greater threat.
Changes in labor patterns and job
opportunities have been among the most
visible aspects of globalization.
Security and Terrorism
Society and Culture

               Is globalization
               simply western
What are the cultural
implications of
Can the Earth sustain a global
  standard of living based
    on western society’s
     consumer values?
Are there winners in


  Who are they?

 Is the US losing?
  Based on some of the
things you’ve just learned
 about globalization, how
 secure do you think your
   economic future is?

To top