Global Issues 2

Global Issues 2 - Integration of Economies The increasing...

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Integration of Economies The increasing reliance of economies on each other The opportunities to be able to buy and sell in any country in the world The opportunities for labour and capital to locate anywhere in the world The growth of global markets in finance Stock Markets are now accessible from anywhere in the world! Source: edrod, http://www.sxc.hu
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Integration of Economies Made possible by: Technology Communication networks Internet access Growth of economic cooperation – trading blocs (EU, NAFTA etc) Collapse of ‘communism’ Movement to free trade
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Trade versus Aid? Benefits of Trade: Increased choice Greater potential for growth Increase international economies of scale Greater employment opportunities Trade has led to massive increases in wealth for many countries. Source: budgetstock, http://www.sxc.hu/
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Trade versus Aid? Disadvantages of Trade: Increase in gap between the rich and the poor Dominance of global trade by the rich, northern hemisphere countries Lack of opportunities for the poor to be able to have access to markets Exploitation of workers and growers How far does trade help children like these? Source: clesio, http://www.sxc.hu/
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Corporate Expansion Multi-national or trans-national corporations – businesses with a headquarters in one country but with business operations in a number of others. No matter where you go in the world, certain businesses will always have a presence. Source: mkeky http://www.sxc.hu/
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Corporate Expansion Characteristics: Expanding revenue Lowering costs Sourcing raw materials Controlling key supplies Control of processing Global economies of scale Controlling supplies may be one reason for global expansion. Source: rsvstks; http://www.sxc.hu/
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Corporate Domination Key Issues: Damage to the environment? Exploitation of labour? Monopoly power Economic degradation Non-renewable resources Damage to cultures Shell and Nike’s activities have come under severe criticism in some quarters. Source: Homsel, http://www.sxc.hu
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Other Issues: Accountability of Global businesses? Increased gap between rich and poor fuels potential terrorist reaction Ethical responsibility of business? Efforts to remove trade barriers There are plenty of people who believe that globalisation is a negative development, protests at the G8 summits, pollution, poverty and concern over GM crops are just some of the issues. Source: http://www.sxc.hu
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CURRENT ISSUES
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CURRENT ISSUES North and south or have and have not
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CURRENT ISSUES
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POVERTY 1/5th live in so 1/5th live in so -called called acute poverty acute poverty 4/5th live in poverty by 4/5th live in poverty by North American North American standards standards
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CURRENT ISSUES
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National Security
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Nazi Germany: 10 years (impact 50 years) China ?? Rwanda
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This note was uploaded on 03/03/2010 for the course MIME 221 taught by Professor Hassani during the Spring '10 term at MO Southern.

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Global Issues 2 - Integration of Economies The increasing...

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