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GLOBALIZATION (ABOUTS (world economy (single market, interdependent…
GLOBALIZATION
New?
factors accelerated
trade
labor
capital
mobility
technology
interdependent long ago
Reasons
improve transport
improve technology
communicate
share
multinational companies
global funding blocks
EU
NAFTA
ASEAN
global media
trade cycle
financial system
mobility
capital
labor
economies of scale
new trade theory
reduce tariff barriers
WTO
INCREASE
economic
cultural hegemony
tax competition
Amazon and Google
Bermuda
Luxembourg
mobility capital
Ireland
POSITIVE EFFECTS
cultural intermingling
economically stimulating
completion
entrepreneurship and innovation
investment
short term
long term
market forces
consumer
low price
choice of goods
export
specialize goods
completion
technological improvements
jobs
reduce
fill shortages
US
geographical inequality
EU
NEGATIVE EFFECTS
workers condition
regional inequalities
social
political
labor demand
cost efficient
slavery
work condition
child labors
division
rich & poor
prosperous & disadvantage
experts
epidemic diseases
HIV
AIDS
TRADE BENEFITS
share financial interest
help ecological problems
face humanity
FUTURE
dangerous
random violence
antiglobalisation
threats financial
marketplace
political
social
ABOUTS
world
economy
single market
interdependent production
consuming similar goods
responding world trade
co-operation of national economies
integrated
interrelated
increased capital flows
greater movement of labor
reducing barriers between countries
English language
improve transport
environmental cost
non-renewable increased
pollution & global warming
outsource production
