Mar 17 - policies on both sides International influences:...

Info iconThis preview shows pages 1–14. Sign up to view the full content.

View Full Document Right Arrow Icon
Globalization
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Globalization A process in which international forces eclipse domestic forces, resulting from the free flow of money, products, information, people and values across national borders
Background image of page 2
Fig. 10-2, p. 274
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Declining American Influence? 1946 Bretton Woods/GATT U.S. accounted for 50% of global GDP Today, U.S. accounts for only 20%
Background image of page 4
Other Players BRIC: Brazil, Russia, India, China: 40% of the world’s population, accounts for 25% of global GDP Growth rates in 2008: Russia 5.6% India 6% China 9% Brazil 5.1%
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
World Trade Organization 151 members
Background image of page 6
Who are the winners in globalization? Financial interests, maximize earnings Manufacturers who can relocate Countries receiving new investments and employment opportunities Consumers
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Who looses? Workers in advanced industrial and post- industrial countries Industries that cannot relocate Governments (at all levels) in advanced countries, due to loss of tax base
Background image of page 8
Trade Policy as Politics Domestic interest groups heavily involved in pushing
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 10
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 12
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 14
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: policies on both sides International influences: competition, trade agreements, international lobbying Two-level Game International Financial Trends Shift from flow of goods to flow of investment capital $2 trillion per day Risks: panics 1997 and 2008 have global implications Global capital mobility Interest groups (esp. financial interests) Free trade ideology (Thatcher/Reagan) Competition Portfolio investments (include emerging marketshigh risks, high yields) What happened to Iceland? 2008 Financial Crisis What caused it? Whats to be done? Globalization: Soft Power Soft power: the application of non-military means to achieve goals Cultural norms, values can be used for foreign policy purposes Winning hearts and minds Globalization cuts both ways: positive and negative: American leadership vs. American cultural hegemony Terrorists wear Calvins too...
View Full Document

Page1 / 14

Mar 17 - policies on both sides International influences:...

This preview shows document pages 1 - 14. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online