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Globalization: A Promise or Nightmare?

Development

Globalization

According to the U.N.

Definition

World Watch Institute

The U.S. Consumer

--The United States, with less than 5 % of the global

population, uses about a quarter of the world’s fossil

fuel resources—burning up nearly 25 % of the coal,

26 % of the oil, and 27 % of the world’s natural gas.

--As of 2003, the U.S. had more private cars than

licensed drivers, and gas-guzzling sport utility vehicles

were among the best-selling vehicles.

--New houses in the U.S. were 38 % bigger in 2002 than

in 1975, despite having fewer people per household on

average.

U.S.

Housing/ Urbanization

The Promise: Progress

"World consumption today is more than twice what it was in 1960" (Norberg, 25).

The Promise: Progress

Millenial Development Goals

In 2000 the United Nations established the UNMDG to eradicate global poverty by 2015.

In 1990, 1.9 billion people were in extreme poverty, by 1999 the number was 1.7 billion, and by 2015 the number went to ~836 million, now the number is 800 million people in extreme poverty.

Millenial Development Goals

In 2000, 100 million children were not in school. By 2015 the number dropped to 57 million.

In 1990, 12.7 million children under the age of 5 died, by 2015 the number reduced to 6 million.

The Neo-liberal State

Neo-Libralism

According to David Harvey, "the neo-liberal state should favour strong individual private property rights, the rule of law, and the institutions of freely functioning markets and free trade. These are the institutional arrangements considered essential to guarantee individual freedoms" (64).

The Idea of Trickle Down Economics

Trickle-Down Economics

The idea of "trickle down economics," is when wealthy business owners get tax breaks, the money that is saved will be used to (re)invest in "job creation" thus increasing wealth distribution among the working and middle-classes.

Issue of Global Poverty

Privatization

For neo-liberalists, "the absence of clear private property rights--as in many developing countires--is seen as one of the greatest of all institutional barriers to economic development and the improvement of human welfare" (Harvey, 65).

Water

Resistance

"For the first time in history, the human mind is a direct productive force, not just a decisive element of the production system" (Castells, 31).

Technology

"The growing integration between minds and machines, including the DNA machine, is cancelling what Bruce Mazlish calls the 'fourth discontinutiy' (the one between humans and machines), fundamentally altering the way we are born, we live, we work, we produce, w consume, we dream, we fight, or we die (ibid).

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