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Review

Review. Not just any global economy… Capitalist economy, organized around private ownership and private gain Driven by profit imperative. Review. Capitalism has inherent globalizing tendencies, which arise from: The drive to minimize costs of resources and labor

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Review

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  1. Review • Not just any global economy… • Capitalist economy, organized around private ownership and private gain • Driven by profit imperative

  2. Review • Capitalism has inherent globalizing tendencies, which arise from: • The drive to minimize costs of resources and labor • The drive to maximize sales of new products in new markets

  3. Review • Consequences of global capitalism include… • Rise of differentiated core (ownership) and periphery (labor & resources) • Export of high-paying manufacturing jobs from core to periphery • Export of environmental degradation from core to periphery

  4. Difference in Degree: Silk Road 130 BC

  5. Difference in Kind: World Trade Organization (established 1995) • [The WTO’s] main function is to ensure that trade flows smoothly, predictably, and freely…. By lowering trade barriers, the WTO’s system aims to break down other barriers between peoples and nations. -www.wto.org

  6. Road Map

  7. Economic Globalization at the Organizational Level – Rise of Transnational Corporations • In 2007… • About 80,000 TNCs • About 800,000 affiliates • About $31,000,000,000,000 sales

  8. TNC – Global Mergers & Acquisitions (87-06), Global FDI (70-08)

  9. TNCs and the Auto Industry

  10. Economic Globalization at National Level Changes what nation-states are: oriented on economic development Alternative to GDP is GNH: • Economic Wellness • Environmental Wellness • Physical Wellness • Mental Wellness • Workplace Wellness • Social Wellness • Political Wellness

  11. TNC Sales v. National GNP

  12. Governmental versus Private Capital Flows into Developing Countries 1970-95(State of the World)

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