All Notes for GEOG 2253

All Notes for GEOG 2253

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Unformatted text preview: ation very controversial Pro­globalization Increases economic efficiency and enhances competition Wealth will have a trickle down effect (rich countries will “invest” into poorer countries) Flow of capital from developed countries to developing countries Spread of new technology and ideas Pro­globalizers argue that closed countries are economic disasters Ex: Burma and North Korea Economic Convergence—developing countries will eventually catch up with developed countries. Per capita income will level out. (in book) Some pro­globalizers even support sweat shops Sweatshops are crude factories that are often dangerous and uncomfortable Employees work long hours with low pay Pro­globalizers argue that conditions eventually improve MNC’s pay more and offer better working conditions than local firms Against Globalization— Creates greater inequalities between the “haves” and the “have nots” Rich get richer, poor get poorer Free market policies promote export orientated economies which can damage localized, sustainable economies Transnational companies disrupt local environments in their search for natural resources Spreads undesirable things farther and faster Diseases, crime, harmful flora and fauna Erodes cultural identity Middle ground— Unavoidable, but must be contained by efficient governments and watchdog groups Even anti­globalization forces use the global reach of the Internet to oppose globalization Organizations promoting globalization— World Bank— (in D.C.) Makes loans to developing countries for infrastructure, etc. Reduce poverty and promote FDI IMF— (in D.C.) Offers short­term loans and promotes free trade Oversees and stabilizes exchange rates WTO— (in Switzerland) Reduce trade barriers and enforces trade rules Formalizes and mediates trade disputes 97% of World’s population (153 members) are part of WTO Diversity in a Globalized World— The world is still a diverse place, in spite of homogenization Diversity of language and religion Various political systems and economies Distinct food and music Di...
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This note was uploaded on 02/07/2014 for the course GEOG 2253 taught by Professor Staff during the Spring '08 term at Oklahoma State.

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