Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalisation is bad (Race To the Bottom (Countries competing for…
Globalisation is bad
Race To the Bottom
Countries competing for investment so push standards down
Local Businesses are forced out
Causes Racial Tension
Urbanisation
Higher levels of Unemployment
Increases monopolies
What is promised is not always given
Gives power to TNCs
Increase in Inequality
Less regulatory Control
Loss of traditional culture
Expolitation
Capital comes, capital goes
Comparative Advantage?
Debt used to open up markets
Forces countries to globalise
Cultural Homogeneity
Credit Crunch would not have happened if globalisation didn't happen
Tax Avoidance
Power with small number on TNC's
Terms are determined by the west
TNC influence over domestic policy