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Globalism

Globalism . Chapter 22.2. Globalization – a world without walls. T he expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness; the consolidation of world society. Anti-globalization movement.

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Globalism

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  1. Globalism Chapter 22.2

  2. Globalization – a world without walls • The expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness; the consolidation of world society

  3. Anti-globalization movement • Critical of the globalization of corporate capitalism • Afraid of: • Multinational corporations having unregulated political power • Companies maximize the profit at the expense of work safety conditions and standards • Call for: • Democratic representation • Advancement of human rights • Fair trade and sustainable development

  4. outsourcing • Obtain a good or service from an outside or foreign supplier, especially in place of an internal source

  5. Education and globalization

  6. Multi-national corporation • Countries that own or control production or service facilities in one or more countries other than the home country

  7. World bank • Offers loans, advice, and an array of resources to more than 100 developing countries for capital programs

  8. International monetary fund • Promotes international financial stability and monetary cooperation • Goals: • Seeks to facilitate international trade • Promote high employment • Sustainable economic growth • Reduce poverty around the world • Differences between the World Bank and IMF: • Bank – development institution • IMF – cooperative institution that seeks to maintain an orderly system of payments and receipts between nations

  9. The group of 8 (G8) • Forum for the gov’ts of a group of eight leading industrialized countries • Started in 1975 that brought together France, West Germany, Italy, Japan, the UK, and the US • Canada was later included • Last…Russia • EU is represented within the G8 but cannot host or chair summits

  10. Brics nations • Brazil, Russia, India, China, and South Africa • Designed to counter the power of the G8 nations • Five largest emerging national economies

  11. World trade organization • Deals with the global rules of trade between nations • Designed to liberalize international trade • Helps to increase globalization • Works against protectionism

  12. Free-trade zones • Geographic area where goods may be landed, handled, manufactured, or reconfigured, and re-exported without the interventions of the customs authorities • Organized around major seaports, international airports, and national frontiers • EU, NAFTA

  13. Eu – loans to piigs • Economic and political partnership between 28 European countries • Started with the European Economic Community (EEC) in 1958 • Evolved into an organization that looks at policy as well as economic aid • Including human rights violations • 1993 – the name changed to the European Union (EU) • PIIGS (Portugal, Ireland, Italy, Greece, and Spain) • Struggling countries

  14. Non-governmental organizations • Organization that is neither part of a government nor a conventional for-profit business

  15. Environmental economics • Different than ecological economics: • Ecological – emphasizes the economy as a subsystem of the ecosystem with its focus on PRESERVING natural capital • Environmental – concerned with environmental issues and their affect on economics • Sustainability – practice of trying to more modestly provide for people while balancing the ecological and environmental costs

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