Week 2 BB - MANAGEMENT 350 International Business &...

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International Business Week 2 Laura Min Jackson, MSOD MANAGEMENT 350
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Tonight’s Class Complete Chapter 1: Globalization Other Cool Stuff
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Chapter 1 Globalization
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   Eliminates jobs in developed nations Forces wages lower in developed nations Exploits workers in developing nations    Increases wealth and efficiency Generates labor market flexibility Creates jobs in developed countries Advances economies of developing nations Supporters Supporters Opponents Opponents Jobs and Wages
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Globalization lowers labor standards Weakens protection of the environment Exploits workers in poor nations + Investment raises labor standards + Open economies most environment friendly + Companies concerned for future markets Opponents Opponents Supporters Supporters Labor and Environment
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Income Inequality Debate Global Inequality Inequality has fallen, but experts disagree on the extent of the decline 3 Inequality Between Nations Nations open to world trade and investment grow faster 2 Inequality Within Nations People in developing nations benefit most from an open economy 1
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Supporters Supporters Globalization has Globalization has benefited societies benefited societies by helping spread by helping spread democracy worldwide democracy worldwide Opponents Opponents Supranational Supranational institutions reduce institutions reduce autonomy of national, autonomy of national, regional, and local regional, and local governments governments National Sovereignty
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Opponents Opponents   Destroys cultural diversity Homogenizes our world Bankrupts local small businesses Supporters Supporters +   Specialize and trade to obtain other goods + Import cultural goods from other nations + Protects deeper moral and cultural norms Impact on Culture
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The Same Everything? The Same Everything?
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Week 2 BB - MANAGEMENT 350 International Business &...

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