Globalization Research Project
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PRESENTATION OUTLINE
QUESTIONS
- Does/ Should economic globalization lift all boats, or is it a modern form of empire?
- To what extent is global poverty a harm inflicted by the global economy?
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BACKGROUND INFO
- Empire def: 1. “an extensive group of states or countries under a single supreme authority, formerly especially an emperor or empress.” 2. “a major political unit having a territory of great extent or a number of territories or peoples under a single sovereign authority” 3. A breed of apples
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Untitled Slide
Photo by Naassom Azevedo
NOTES
- “Economic globalization is an Irreversible Trend. Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies.”
“Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies.” That’s the definition Google gave me anyways.
But basically, economic globalization, as you all probably know by now, is the growing interdependence of countries along with the spread of new goods, ideas, and customs.
In theory, the idea of economic globalization according to its definition is a good thing and should help many.
With new goods, consumers have more of a variety to choose what they want at cheaper prices, because of the interdependence of countries.
New ideas lead to better and newer strategies and more novel technological advances.
New customs and culture can breed into a better culture and learning about others grows our empathy.
Those are reasons why economic globalization, in theory, should lift all boats.
But basically, economic globalization, as you all probably know by now, is the growing interdependence of countries along with the spread of new goods, ideas, and customs.
In theory, the idea of economic globalization according to its definition is a good thing and should help many.
With new goods, consumers have more of a variety to choose what they want at cheaper prices, because of the interdependence of countries.
New ideas lead to better and newer strategies and more novel technological advances.
New customs and culture can breed into a better culture and learning about others grows our empathy.
Those are reasons why economic globalization, in theory, should lift all boats.
Photo by Madison Kaminski
DOES ECONOMIC GLOBALIZATION LIFT ALL BOATS? (In reality)
No. Therefore, it is a modern form of an empire (although that’s a little exaggerating).
Economic globalization at the moment, in the real world, does NOT raise all boats. There are many clear cases that show how some people’s ‘boats’ are not raised. Sometimes, they are even lowered.
For example, in 1993, the U.S. banned certain imports and as a result, Bangladesh dismissed 50,000 children. Some started school, but the about 4/5 of them ended up in inferior jobs. This is an example where the close and intertwined ties of countries due to globalization don’t help others.
For example, in 1993, the U.S. banned certain imports and as a result, Bangladesh dismissed 50,000 children. Some started school, but the about 4/5 of them ended up in inferior jobs. This is an example where the close and intertwined ties of countries due to globalization don’t help others.
NOTES
- in 1993, the U.S. banned certain imports and as a result, Bangladesh dismissed 50,000 children. Some started school, but the about 4/5 of them ended up in inferior jobs.
- E-waste is bad for environment that those in poverty live in/E-waste is toxic for those taking apart the devices
- Race to the bottom-“...refers to the practice of relaxing health, safety, environmental, or other standards and regulations in order to make a region or a country more appealing to foreign business and investors.”
Another example where economic globalization is not helping everyone is when rich companies hire people in poverty to take apart electronics and dispose/take apart of them (e-waste), which is not only toxic for the environment, but also damaging to the disposer’s health. Many who illegally dispose of technology are not aware of the health issues that companies subject them too. This is not saying all companies do this, but with the constant advancements in technology and spreading of new ideas along with the “race to the bottom”, many loose their lives or are crippled for life.
Those are two of the many examples of how economic globalization DOES NOT raise all boats, such as how some multinational corporations dominate local markets and take control away from local producers and how many lose jobs when their jobs are outsourced.
Those are two of the many examples of how economic globalization DOES NOT raise all boats, such as how some multinational corporations dominate local markets and take control away from local producers and how many lose jobs when their jobs are outsourced.
Photo by juan_carrasco
TO WHAT EXTENT IS POVERTY A HARM INFLICTED BY THE GLOBAL ECONOMY?
To a large extent.
Untitled Slide
Photo by D A V I D S O N L U N A
SUMMARY
- According to the definition of economic globalization, it should, in theory, lift all boats.
Photo by Ed Yourdon
SUMMARY
- When the word ‘all’ is mentioned, it means no one is left behind, ignored, forgotten, or thrown aside. This is clearly not the case with modern economic globalization, which is why the answer to the question of wether economic globalization raises all boats is no. Realistically in the fast paced modern world, many are being left behind, ignored, forgotten, and/or thrown aside.
When the word ‘all’ is mentioned, it means no one is left behind, ignored, forgotten, or thrown aside. This is clearly not the case with modern economic globalization, which is why the answer to the question of wether economic globalization raises all boats, is no. Realistically in the fast paced modern world, many are being left behind, ignored, forgotten, and/or thrown aside.
Photo by Steve took it
SUMMARY
- The global economy contributes to poverty because of income inequality, job outsourcing, hyper-specialization, and brain drain
Photo by John Moeses Bauan
Mmm
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