Globalization : good or bad? Victoria Yurlova - презентация, доклад, проект скачать

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Globalization : good or bad? Victoria Yurlova

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Where globalization means, as it so often does, that the rich and powerful now have new means to further enrich and empower themselves at the cost of the poorer and weaker, we have a responsibility to protest in the name of universal freedom. Nelson Mandela Where globalization means, as it so often does, that the rich and powerful now have new means to further enrich and empower themselves at the cost of the poorer and weaker, we have a responsibility to protest in the name of universal freedom. Nelson Mandela

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What is Globalization? The shift toward a more integrated and interdependent world economy Two components: The globalization of markets The globalization of production

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Globalization of Production Vizio flat panel TV is designed in a small office in California assembled in Mexico From panels made in South Korea electronic components made in China microprocessors made in the U.S.

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Globalization of markets In the past, each country had its own companies in many industries and its own products. Today everyone knows… Nintendo Starbucks Coca-Cola Ikea McDonald’s Samsung

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Drivers of Globalization Two factors underlie globalization “Decline in barriers to the free flow of goods, services, and capital” that has occurred since the end of World War II Technological change

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Declining Trade and Investment Barriers During the 1920s and ‘30s, many of nations erected formidable barriers to international trade and foreign direct investment Advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goods, services, and capital between nations.

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Affects of Lowering Trade Barriers

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The Role of Technology Lowering of trade barriers made globalization possible. Technology has made it a transforming movement.

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The Globalization Debate Pros Lower prices for goods and services Economic growth Increase in consumer income Creates jobs (for many) Countries specialize in production of goods and services that are produced most efficiently