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GLOBALIZATION (the BRIC economies (trade surpluses, foreign currency…
GLOBALIZATION
the BRIC economies
trade surpluses
foreign currency reserves
GDP growth
wealth level
middle class
economic stabulity
political maturity
lack of protectionism
quality of education
positive causes of GLOBALIZATION
world-wide entertainment
communication advances
global brands and products
world events
cheap air travel
international organizations
WHO
World Bank
UN
GLOBALIZATION trends
free trade
ever-declining shipping costs
free movement of capital
fall of telecommunication costs
protectionism
negative impact of GLOBALIZATION
destruction of local cultures
environmental damage
wide gap between North and South
rural economies (the Third world)
developing countries
advanced economies of the West
too much power for multinationals
INTERNET as a result of GLOBALIZATION
social networking
trade over internet
eBay
Amazon
Wikipedia
SUSTAINABLE DEVELOPMENT
NO
depletion of natural resources
climate change
irreversible environmental damage
short-term profit