new global is at ion

8/2/2019 New Global is at Ion

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Globalisation


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Globalisation

Globalisationcould involveall thesethings!


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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 anycountry in the world

The opportunities for labourand capital to locateanywhere in the world

The growth of globalmarkets in finance

Stock Markets are now accessiblefrom anywhere in the world!
http://www.sxc.hu/browse.phtml?f=download&id=45339


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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 forgrowth

Increase internationaleconomies of scale

Greater employment

opportunities

Trade has led to massive increases in wealthfor many countries.


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Corporate Expansion Multi-national

or trans-nationalcorporations (MNCs

or TNCs)businesses witha headquartersin one country but

with businessoperations in anumber of others.

No matter where you go in the world, certainbusinesses will always have a presence.


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Trade versus Aid? Disadvantages

of trade: Increase in gap between

the rich and the poor

Dominance of global tradeby the rich, northernhemisphere countries

Lack of opportunities forthe poor to be able tohave access to markets

Exploitation of workersand growers How far does trade help children like

these?


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Corporate Expansion

Characteristics:

Expanding revenue

Lowering costs

Sourcing raw materials Controlling key supplies

Control of processing

Global economiesof scale

Controlling supplies may be one reasonfor global expansion.


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Corporate Domination Key Issues:

Damage to theenvironment?

Exploitation of labour?

Monopoly power

Economic degradation

Non-renewable resources

Damage to cultures

Shell and Nikes activities have

come under severe criticismin some quarters.
http://www.sxc.hu/browse.phtml?f=download&id=33120http://www.sxc.hu/browse.phtml?f=download&id=33120


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Other Issues: Accountability

of Global businesses?

Increased gap between

rich and poor fuelspotential terroristreaction

Ethical responsibility ofbusiness?

Efforts to remove tradebarriers

There are plenty of people who believe thatglobalisation is a negative development,protests at the G8 summits, pollution, povertyand concern over GM crops are just some ofthe issues.

new global is at ion

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