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To What Extent Does Globalization Contribute To Sustainable

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Huda Al-Shamali

on 27 November 2013

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Transcript of To What Extent Does Globalization Contribute To Sustainable

To What Extent Does Globalization Contribute To Sustainable Prosperity For All People?
Chapter 9 Issue: To What Extent Did The World Events Shape Contemporary Economic Globalization?
The SEVEN Factors
These factors have a major, direct impact on global economy:
Key Words:

Economic Globalization: The spread of trade, transportation, and communication systems around the world in the interests of promoting worldwide commerce.
Reparations: The act of making amends for wrongdoing. Reparations may include payments made by a defeated enemy to countries whose territory was damaged during a war.

1. War
2. Famine
3. Natural Disasters
4. Change in Investors confidence
5. Economic Uncertainty
6. Government economic policies
7. Price changes for non-renewable resources
20th century world events and Economic Globalization
1914 - World War 1 began in Europe
1917 – Revolution and Civil War began in Russia
1918 – World War 1 ends
1922 – Civil War ends in Russia
1929 – Great Depression begins
1939 – World War 2 begins in Europe
1939-1941 – Great depression ends in different countries
1941 – World War 2 expands to more countries
1445 – World War 2 ends

Communism: An economic and political system whose purpose is to eliminate class distinctions. Everyone would work for the benefit of all and would receive help as he or she needs it.
Economic Depression: A period of low economic activity accompanied by high levels of unemployment.

The United Nations
They were built to:
- Support people who wanted to choose their own government
-Help countries co-operate on trade issues
- Protect smaller countries against invasion of larger countries
- Ensure that no single country controlled the world's oceans
Bretton Woods
July 1944, 44 countries met in Bretton Woods for a conference sponsored by the United Nations.
They met together to form a way to prevent any conflicts, or wars
John Maynard Keynes
He was a British economist.
He believed that government should have full control in the economy.
He wanted a planned economy.
Friedrich Hayek was opposed of Keynes
He mistrusted the government control and believed that the economy should be a market economy.
-Milton Friedman
Friedrich Hayek
-The World Bank
-International Monetary Fund
Chapter 11 Issue: To What Extent Does Globalization Affect Sustainability?
Key Words
Ecological Footprint:
Describes the load imposed on nature.
To provide basic necessities needed to support life.
The ability of the earth to provide the resources necessary to meet peoples needs.
Accepting responsibility for ensuring that the earths resources remain sustainable.
Flag Of Convenience:
When a ship is registered in a country other than that of its owner.
Ecological Footprint
Materials (Home, Clothing, Tools)
Fuel (Electricity)
Food to maintain health
Water (Drinking, Cooking, Cleaning)
Globalization And Sustainability: Transportation
Flag of Convenience:
Lower cost
Ease in Registration
Weak environmental and labor laws

Efforts Made To Promote Sustainability
The Kyoto Protocol
Alberta Tar Sands
Uses to much energy to separate oil from the sand. This excess Oomph produces pollution.
Due to the increased output of GHGs the average global temperature is increasing.
Alternative Energy Sources
Individual Initiatives
People began to take immediate action without waiting for government assistance.
Chapter 12 Issue: To What Extent Can Globalization Bring Sustainable Prosperity To All People
Key Words
Sustainable prosperity/ Development:
Developments that meet the needs of the present and the future.
Knowledge Economy:
Businesses that use research, education, new ideas and information technologies for practical purposes.
The selling of a public service to a private company.
Global Climate Change:
Small but steady changes in average temperatures around the world.
Measures of Prosperity
GDP (Growth Domestic Product)
HDI (Human Development Index)
GNH (Growth National Happiness)
GPI ( Genuine Progress Index)
Challenges and Opportunities of Globalization
Subsidizing Farmers
Knowledge Economy
Foreign Investment
Millennium Development Goals
Global Climate Change and Government Policies
The Cold War
The Berlin Wall
Factors to Expand Globalization
Communication technologies
International Agreements
-Trade liberalization
-Free trade
-The WTO
-European Union
Chapter 10 Issue: To What Extent Do Contemporary Factors Contribute To Expanding Globalization?
Key Words:
Out-sourcing: A business strategy that involves reducing costs by using suppliers of products and services in countries where labor is cheaper and government regulations are less strict.
Containerization: The transporting of goods in standard sized shipping containers.
Trade Liberalization: A process that involves countries reducing or removing barriers like tariffs.
Free Trade: The trade that occurs when two or more countries eliminate tariffs and taxes on goods and services.
Consensus: A general agreement.
Sanction: A penalty, usually an economic penalty.

Transnational Corporations
They are an environmental friendly source of energy but, they are developing slowly.
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