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Transcript of Globalization
Problems with Globalization
Who are most effected by it?
Imperialism and Globalization
Globalization and Canada What is Globalization? One of the key issues I faced in my research.
Dictionary: The process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications
Wikipedia: Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade According to Felicity Hill, who wrote "Definitions of Globalization: Let's Not Get Confused",
Globalization is not another word for internationalism. It should not inspire us to hum "It's a small world after all." We should not use globalization interchangeably, or as a metaphor, to mean communications technology, especially the internet. We should not speak of the "globalization of human rights" and replace the concept of universality. They don't mean the same thing, unless you want to give human rights a monetary value (and some do). Internationalism and solidarity are two concepts on which the UN was based. These should not be described as "grassroots globalization." Is it the integration of economic, political, and cultural systems across the globe? Or is it the dominance of developed countries in decision-making, at the expense of poorer, less powerful nations? Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation of the developing world, and suppression of human rights? Does globalization only benefit the rich or can the poor take advantage of it to improve their well-being? Economic globalization can be defined as the process by which markets and production in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology. It is not a new phenomenon but the continuation of developments that have been in train for some considerable time. Problems with Globalization Unemployment and Underemployment
Because of the advent of globalization, machines have tended to replace human beings. Previously, when for a particular job only 100 people were required, now 2 people to operate the machinery are required. What will the 98 people left do?
People are underpaid and live hand to mouth and all day long they work and barely make ends meet. Other obvious problems
Increase in pollution (because in factories as well as because companies move where they can get away with it)
Increase in chance of war as countries compete for limited resources (particularly war)
Greater chance of spread of disease. Globalization and Imperalisim People may argue that because of globalization, the world has become a "global village". What has happened in reality is that countries and people have lost their cultures and have been enveloped in one way of life. One "people" are ensalving other people and forcing others to follow their way without the others even realising. Globalization and Canada Canadians lose out because many of the jobs are being outsourced. (outsourcing refers to obtaining goods by contract from outside sources)
Canada starts relying on other countries rather than being self-dependant and producing their own goods.
Because immigrants will send most of their earnings to their homeland it reduces the benefit to Canada. Culture and Inequality of Wealth Cultures are destroyed.
Unequal distribution of wealth. 20% of the World's population consumes 80% of the world's resources.
The richest 2% of adults own more than 50% of the world's wealth. The bottom 50 % of the world’s adults owned barely 1% of global wealth.
Per capita GDP is more than 30 times greater in the world's 20 richest countries than in the 20 poorest.
The average person in the richest country (according to GDP) earns $40,000 per year while in Sudan the average person earns $63.
The U.S.A. possesses the most billionaires with the figure reaching 145. This is a tremendous amount of money concentrated among a minute percentage of the world's population.
Bill Gates has assests estimated at $30 billion. If we took a number of developing countries and added up their present finances it would barely reach that figure. Conclusion Globalization itself is not bad.
When used by certain elements however to an extreme limit does it become harmful for the people. At the cost of a majority of people, the minority of the people benefit.
As U.N. Secretary General Kofi Annan said at a conference held in February 2000, soon after the demonstrations against the World Trade Organization: "The main losers in today's very unequal world are not those who are too much exposed to globalization. They are those who have been left out."