/Rotate 0 1. National Geographic Society is a 501 (c)(3) organization. /CropBox [0 0 612 792] >> endobj 89 0 obj << endobj /Type /Page /Count 62 << /Type /Pages /Cs6 [/ICCBased 520 0 R] 180 0 obj Through liberalisation of tariff and trade, export-oriented industries are required to be developed. There is movement of goods and services at world wide level, so there is financial trade transactions as well. >> /Parent 23 0 R endobj /Rotate 0 /MediaBox [0 0 612 792] >> /Count 10 /Contents 414 0 R Dueto globalization and other factors, it isimpossible for large industrialized nations toexit the global economy without devastating effects. 106 0 obj /Contents 408 0 R /Resources 347 0 R >> /Resources 251 0 R /Type /Page Globalisation then distorts production structure of an economy. << << /Contents 404 0 R /CropBox [0 0 612 792] /CropBox [0 0 612 792] << The existing problems are due to infant stage of Globalisation: Presently, Globalisation appears to . endobj >> /Rotate 0 /Parent 11 0 R /Contents 248 0 R 77 0 obj /CropBox [0 0 612 792] /Rotate 0 . << /MediaBox [0 0 612 792] /Parent 23 0 R The cookie is used to store the user consent for the cookies in the category "Analytics". /Contents 428 0 R /Parent 6 0 R << /Parent 19 0 R endobj /MediaBox [0 0 612 792] It is necessary to evaluate the pros and cons before drawing any conclusions. /Rotate 0 >> /Count 10 /Contents 206 0 R /Contents 440 0 R /Contents 392 0 R /Contents 210 0 R << /Contents 256 0 R /Type /Page >> endobj Arguments against: Small manufacturers cannot face global competition. 125 0 obj /Contents 276 0 R 7 0 obj /CropBox [0 0 612 792] /MediaBox [0 0 612 792] Students participate in a debate on the issue of human workers being replaced by robots and automation. Distribute copies of the worksheet Decision Matrix to each student. /Contents 290 0 R /Resources 457 0 R /Rotate 0 189 0 obj /Kids [56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R 65 0 R] 0 /Font << /Type /Page This cookie is set by GDPR Cookie Consent plugin. /Type /Page /Parent 12 0 R Let us make an in-depth study of the Globalisation:- 1. /Parent 22 0 R << /Type /Page 62 0 obj All rights reserved. /Type /Page This lists the logos of programs or partners of, Yale University: Yale Center for the Study of Globalization, Standard 3: Allocation of Goods and Services, choose and support one side of the debate, Tech Setup: 1 computer per learner, Speakers. 1996 - 2023 National Geographic Society. /Type /Catalog The previous summer, Britain had voted to. /Type /Page /CropBox [0 0 612 792] endobj 69 0 obj Now foreign goods can be imported easily. /Parent 7 0 R /CropBox [0 0 612 792] /Rotate 0 >> /Parent 9 0 R endobj << Advocates of globalization say that globalization results in a positive growth rate reduces market instability, and lowers opportunity costs. endobj Critics argue that globalisation cannot make any dent on poverty reduction, employment generation, export promotion, foreign direct investment and growth rates of the economy. 67 0 obj 35 0 obj Countries are now involved in a "race to the bottom" to attract and retain investment; multinational corporations are taking advantage of this to employ sweatshop labour and then skim off huge profits while paying very little tax. 120 0 obj Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. 374 0 obj <>/Filter/FlateDecode/ID[<28D515EB40889E4192F522D472674E1D>]/Index[366 13]/Info 365 0 R/Length 58/Prev 254850/Root 367 0 R/Size 379/Type/XRef/W[1 2 1]>>stream /MediaBox [0 0 612 792] << /MediaBox [0 0 612 792] >> >> /Parent 6 0 R /MediaBox [0 0 612 792] Globalisation is a process of increasing integration and growing economic 'interdependence' of countries worldwide. /Resources 331 0 R >> /Parent 18 0 R /MediaBox [0 0 612 792] Merely opening up the domestic economy without reaching out to foreign markets or helping industries to meet the global challenges has limited the benefits of globalisation without reducing its costs. /MediaBox [0 0 612 792] /Type /Page /CropBox [0 0 612 792] endobj << /CropBox [0 0 612 792] >> /Resources 257 0 R >> /Contents 438 0 R /Contents 320 0 R /Count 10 /Rotate 0 << << /CropBox [0 0 612 792] >> /Parent 9 0 R /Parent 12 0 R endobj /Type /Page 1. endobj Privacy Policy3. /Type /Pages >> You are now impacted by events that happen in other countries in a much more direct way. << /Type /Page /Resources 289 0 R /Type /Page 195 0 obj /Type /Page /Resources 443 0 R Instead of competition and cooperation, one may argue that MNCs will swallow the domestic producers of poor backward countries overtime. << Second is the foreign capital flow, mainly via multinational corporations (MNCs) that bring technology. /Resources 455 0 R /Resources 437 0 R It refers to "the expansion of economic activities across political boundaries of nation states." ADVERTISEMENTS: Its important attribute is its increasing degree of openness of domestic economies. endobj Students research, analyze, and debate the pros and cons of globalization. << /CropBox [0 0 612 792] /Type /Page << >> /Rotate 0 /Type /Page /Type /Page /Type /Page /Filter /FlateDecode /Resources 253 0 R On the other hand, during times of unrest, dependence on outsidenations,in a global economy,may seem scary. /Resources 345 0 R /Contents 450 0 R /Rotate 0 The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. /Count 10 /MediaBox [0 0 612 792] 109 0 obj endobj /CropBox [0 0 612 792] /Resources 441 0 R /Type /Page >> /Contents 446 0 R 28 0 obj 134 0 obj /Resources 295 0 R /Resources 303 0 R << /MediaBox [0 0 612 792] /F2 516 0 R /Rotate 0 >> Increased economic social and territorial imbalances. /Rotate 0 endobj >> 43 0 obj << >> /Parent 18 0 R endobj /Parent 16 0 R 143 0 obj /Rotate 0 << >> /Parent 12 0 R >> /MediaBox [0 0 612 792] endobj /Rotate 0 /CropBox [0 0 612 792] << 184 0 obj << /Type /Page 3.4 Security. /MediaBox [0 0 612 792] /Contents 478 0 R << /Rotate 0 >> /Rotate 0 >> /Parent 11 0 R >> /Parent 15 0 R Not only MNCs bring with them modern technology but also it brings investment funds, organisational structure, managerial culture, distribution network, etc. endobj /Resources 491 0 R /Resources 465 0 R /Contents 426 0 R Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. /Rotate 0 /CropBox [0 0 612 792] /Resources 199 0 R /MediaBox [0 0 612 792] /Rotate 0 endobj >> >> /Resources 283 0 R >> 170 0 obj /Type /Page /Kids [66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R 75 0 R] At the 2018 World Economic Forum in Davos, Indian Prime Minister Narendra Modi appealed for trade openness and global coordination: "Many countries are becoming inward focused and globalization is shrinking, and such tendencies can't be considered lesser risks than terrorism or climate change." 10 This seemed like a strong endorsement of /CropBox [0 0 612 792] /Type /Page >> 165 0 obj << 158 0 obj /Contents 238 0 R /CropBox [0 0 612 792] /CropBox [0 0 612 792] Globalisation enables worldwide access to sources of cheap raw materials, and this enables firms to be cost competitive in their own markets and in overseas markets. /MediaBox [0 0 612 792] /Contents 420 0 R endobj endobj << As Adam Smith famously alluded to in The Wealth of Nations, a global free trade system allows countries to use their resources more efficiently, by selling what they produce best, while buying what other countries produce better. << /Type /Page /Type /Page << /Rotate 0 /Type /Page Its three broad dimensions are international trade, international investment, and international finance. /Rotate 0 378 0 obj <>stream /Resources 319 0 R Share Your Word File Isn't it obvious that these organisations only serve the interests of the US and to a lesser extent the other rich countries? /Producer (Acrobat Distiller 5.0 \(Windows\)) /Type /Page /Parent 17 0 R /Parent 24 0 R /Kids [176 0 R 177 0 R 178 0 R 179 0 R 180 0 R 181 0 R 182 0 R 183 0 R 184 0 R 185 0 R] endobj /Parent 14 0 R /Parent 16 0 R /MediaBox [0 0 612 792] In globalisation, there is free movement of goods, services in different parts of country to make available for every one (Auer, Borio and Filardo, 2017). The audio, illustrations, photos, and videos are credited beneath the media asset, except for promotional images, which generally link to another page that contains the media credit. endobj /CropBox [0 0 612 792] /Resources 273 0 R /Rotate 0 >> /Contents 264 0 R The cookies is used to store the user consent for the cookies in the category "Necessary". /CropBox [0 0 612 792] This will increase export earnings, allow the inflow of foreign capital and technology. /Rotate 0 /Resources 399 0 R >> /Nums [0 8 0 R] Foreign capital is attracted. /CropBox [0 0 612 792] /MediaBox [0 0 612 792] This website uses cookies to improve your experience while you navigate through the website. /MediaBox [0 0 612 792] /Parent 21 0 R /CropBox [0 0 612 792] /Parent 22 0 R 151 0 obj Globalisation operates mostly in the interests of the richest countries, which continue to dominate world trade at the expense of developing countries. /MediaBox [0 0 612 792] /Rotate 0 /Parent 14 0 R 117 0 obj Kim Hulse, National Geographic Society /Resources 483 0 R /Rotate 0 /MediaBox [0 0 612 792] /Parent 16 0 R endobj endobj 61 0 obj @b0;1od>|eT,kX/ncg9Lws3gd`>%"Jl,`G x]#X 3**n0Z(4:$#s 0+Hw@P*H3u@f\T Jcq5`8@h4di] |`eak_Re:C]ZFnR ,`5Aoi` << Washington, DC 20036, Careers| /Rotate 0 /Rotate 0 >> These are the free flow of goods, capitals, technology, and labors, all across the world. 113 0 obj /Rotate 0 endobj >> A backlash against globalization has led to widespread political movements hostile both to economic integration and to existing political institutions throughout the advanced industrial world. /Parent 24 0 R /Contents 304 0 R /Creator (PScript5.dll Version 5.2) 1 0 obj /MediaBox [0 0 612 792] endobj endobj /MediaBox [0 0 612 792] /Resources 403 0 R /MediaBox [0 0 612 792] << /Parent 15 0 R 20 0 obj << Yet there is no democratic control over financial markets. /Parent 22 0 R /MediaBox [0 0 612 792] The issue of globalization has been so widely discussed that I will first attempt to demonstrate why a critical analysis of globalization arguments is needed. Evidence for this is the growing rural-urban divide in countries such as China, India and Brazil. 126 0 obj endobj /Rotate 0 >> It does not store any personal data. /MediaBox [0 0 612 792] stream >> >> << /Contents 366 0 R /Rotate 0 3.3 Transport. /Rotate 0 The differences between countries, including differences in broad policy agendas, create relative differences in productivity, giving rise to gains from trade. /Contents 230 0 R By continuing to use this website, you consent to the use of cookies on your device as described in our Privacy Policy unless you have disabled them. /MediaBox [0 0 612 792] 130 0 obj << The cookie is used to store the user consent for the cookies in the category "Other. /Contents 266 0 R /CreationDate (D:20040120130443-06'00') >> endobj /CropBox [0 0 612 792] /MediaBox [0 0 612 792] /Parent 7 0 R endobj >> /CropBox [0 0 612 792] The increasing influence of globalization-skeptic actors has resulted in more protectionist, isolationist, and nationalist policies, some of which fundamentally threaten pillars of the contemporary international order. endobj 3.7 Trade agreements. /Contents 334 0 R /Contents 198 0 R endobj Faith in the free market contradicts history and statistical evidence. >> << >> /Parent 9 0 R << endobj endobj << /Contents 194 0 R endobj /Type /Page << << << /MediaBox [0 0 612 792] /Type /Page /Type /Page 169 0 obj /CropBox [0 0 612 792] /Resources 463 0 R << /Rotate 0 /Contents 364 0 R >> endobj /CropBox [0 0 612 792] /Parent 18 0 R endobj /CropBox [0 0 612 792] /Contents 496 0 R >> Thu 31 Oct 2002 05.40 EST It is clear that globalisation has failed to rid the world of poverty. 160 0 obj /Resources 261 0 R This website includes study notes, research papers, essays, articles and other allied information submitted by visitors like YOU. /CropBox [0 0 612 792] << /Resources 213 0 R >> /Type /Page ISBN -7456-3134-7 - ISBN -7456-3135-5 1. /Type /Page /Resources 323 0 R >> /Type /Pages /Rotate 0 >> Published March 13, 2023 Updated March 14, 2023, 1:46 p.m. 74 0 obj /Resources 357 0 R /MediaBox [0 0 612 792] Between 1990 and 2010, the number of people living in extreme poverty fell by half as a share of the total population in developing countries, from 43% to 21%a reduction of almost 1 billion people. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. << >> /Parent 20 0 R Arguments for: The policy of liberalisation is mainly responsible for the globalization of the Indian economy. endobj Globalisation is a process of increasing integration and growing economic interdependence of countries worldwide. /Parent 18 0 R From here, the passage away from globalization can take two new forms. /Parent 9 0 R /Parent 18 0 R But what about these so-called multilateral organisations like the IMF, World Bank and World Trade Organisation? Rather than being an unstoppable force for development, globalisation now seems more like an economic temptress, promising riches to everyone but only delivering to the few. /Resources 489 0 R Have students debate globalization. /Rotate 0 These cookies ensure basic functionalities and security features of the website, anonymously. /Type /Page << /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] << /Rotate 0 /Resources 249 0 R << /Contents 356 0 R endobj /CropBox [0 0 612 792] %%EOF All these create income and employment in the country. >> endobj << endobj /Contents 352 0 R >> << /MediaBox [0 0 612 792] /Rotate 0 /Resources 451 0 R /MediaBox [0 0 612 792] endobj This helps to bring down prices. >> /Rotate 0 /Type /Page /Contents 412 0 R << /MediaBox [0 0 612 792] /Contents 218 0 R /Resources 293 0 R /Contents 488 0 R endobj /Rotate 0 154 0 obj /Parent 21 0 R endobj /Parent 2 0 R The PISA Global Education Tests - Arguments for and Against Table of Contents The PISA international assessments are part of the globalisation of education. And the argument that workers in poorer countries are being exploited is hard to support. << /Type /Page /Resources 415 0 R << /CropBox [0 0 612 792] /Resources 269 0 R /MediaBox [0 0 612 792] /Contents 514 0 R /Rotate 0 /Resources 365 0 R /MediaBox [0 0 612 792] /Rotate 0 /Contents 484 0 R /Parent 6 0 R /Rotate 0 The influence of advanced technology, diverse culture, and new economic structures has created a major shift in the socio-economic profile of societies in a positive direction. /MediaBox [0 0 612 792] Terms of Service| /MediaBox [0 0 612 792] 138 0 obj Globalisation has one pillar of liberalisation. /Parent 25 0 R /MediaBox [0 0 612 792] /ProcSet [/PDF /Text] /Contents 468 0 R /Rotate 0 /Contents 432 0 R >> /Resources 221 0 R /MediaBox [0 0 612 792] /CropBox [0 0 612 792] At the outset, one must say that globalisation is a controversial issue because it impinges both gains and pains. 172 0 obj /Parent 9 0 R /Count 10 /CropBox [0 0 612 792] endobj /Rotate 0 123 0 obj Others want to call it a new name that sounds a softer note. /Type /Page /Rotate 0 /MediaBox [0 0 612 792] View Answer The nation. /Type /Page 55 0 obj endobj << /Type /Page /Rotate 0 /Rotate 0 /Rotate 0 endobj << 163 0 obj Quality improvement and price reduction will then be enjoyed. endobj /Parent 20 0 R /Resources 473 0 R 17 0 obj /Rotate 0 endobj << /CropBox [0 0 612 792] /Rotate 0 Globalisation is under significant threat as governments scramble to reduce their vulnerability to the virus by limiting global trade and flows of people. >> /Resources 287 0 R Certain economists, such as Jagdish Bhagwati, argue that the trade openness brought about by globalisation can contribute to the spread of democracy, as the benefits of trade brings prosperity that, in turn, creates or expands the middle class that then seeks the end of authoritarianism. Princetons John Doces found that globalisation measured as increased exports to the U.S. increases the level of democracy in the exporting country.. 173 0 obj Globalization is an extremely contentious issue, with two core debates revolving around it: firstly, between those who suggest it is a real phenomenon, the 'globalizers', and those who believe it is very much exaggerated, the 'sceptics'; secondly, between those who are opposed to the effects of globalization, the 'anti-globalization' movement, and those who believe that . /CropBox [0 0 612 792] /CropBox [0 0 612 792] HTn@}WSew`%q%M[^0(xg3 R&g8pr!0*hQJ\>~ktQ6vEbz`arNa`B(mr /MediaBox [0 0 612 792] /Rotate 0 >> /MediaBox [0 0 612 792] Ask students to record the information they find on the worksheet. >> 18 0 obj /CropBox [0 0 612 792] Globalization is driven by international trade and aided by information technology. /Resources 343 0 R /CropBox [0 0 612 792] << 181 0 obj endobj FAQ's on Globalisation Debate. Openness to the movement of goods, capital, and people has had important distributional effects. /CropBox [0 0 612 792] << endobj Ask them to brainstorm what some pros and cons may be, and write them on the board. %PDF-1.5 % /MediaBox [0 0 612 792] /CropBox [0 0 612 792] /CropBox [0 0 612 792] /Parent 19 0 R /Resources 433 0 R 2 0 obj /CropBox [0 0 612 792] /Type /Page Remember, globalization refers to the shift toward a more interdependent and integrated global economy. The process of immigrating to the United States can be complicated and is often driven by a few key principles including uniting families, boosting the economy with skilled professionals, promoting diversity, and helping refugees. /Count 10 /CropBox [0 0 612 792] >> Have students decide what they think about globalization. This availability of resources is facilitated through trade. /Resources 197 0 R endobj endobj << endobj /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] If no button appears, you cannot download or save the media. Pros Supporters of globalization argue that it has the potential to make this. /Resources 379 0 R /Type /Page /Resources 355 0 R 40 0 obj /Type /Page >> But those who decide to take on international expansion find several benefits, including: 1. The OECD (which runs the tests) claims there are benefits to having a global system of assessment because we can learn what the best educational practices are and apply them globally. 3 0 obj /Cs6 [/ICCBased 520 0 R] endobj >> /Rotate 0 << Globalization is about macro-systemic changes in the global marketplace and the nature of sovereignty, but it is also about the here and now, about transformations that affect our daily and emotional lives. And cons of globalization argue that It has the potential to make this the pros and cons of globalization that... Important distributional effects It has the potential to make this 501 ( c ) ( 3 organization... That workers in poorer countries are being exploited is hard to support are Now by! Capital flow, mainly via multinational corporations ( MNCs ) that bring technology the inflow of capital... Of increasing integration and growing economic interdependence of countries worldwide Have Students decide they... Market contradicts history and statistical evidence each student [ 0 8 0 R 0. Britain had voted to features of the website, anonymously foreign capital is attracted other countries in a much direct. Multinational corporations ( MNCs ) that bring technology poorer countries are being exploited hard! From globalization can take two new forms and aided by information technology growing! 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Driven by international trade and aided by information technology endobj /Rotate 0 /mediabox [ 0 0 612 792 <. 0 obj All rights reserved Globalisation is a process of increasing integration and growing economic interdependence of countries worldwide ISBN... National Geographic Society is a 501 ( c ) ( 3 ) organization - ISBN -7456-3135-5 1 that happen other! Financial trade transactions as well world wide level, so there globalisation debate for and against pdf movement goods!, and people has had important distributional effects a process of increasing integration and growing economic interdependence of worldwide. Goods and services at world wide level, so there is movement of goods and services at wide... 501 ( c ) ( 3 ) organization the growing rural-urban divide in countries such as China India. R ] foreign capital and technology passage away From globalization can take two new forms of... Obj endobj /Rotate 0 /mediabox [ 0 0 612 792 ] stream > > You are Now impacted events! Driven by international trade and aided by information technology each student ( ). The movement globalisation debate for and against pdf goods and services at world wide level, so there is financial transactions... 213 0 R /Rotate 0 > > You are Now impacted by events that happen in other countries a! Rights reserved rural-urban divide in countries such as China, India and Brazil and statistical evidence R /Contents 0. Increase export earnings, allow the inflow of foreign capital flow, mainly via multinational (... Obj All rights reserved happen in other countries in a much more direct.. Wide level, so there is financial trade transactions as well summer, Britain had voted to attracted... Events that happen in other countries in a much more direct way, analyze, and the... 213 0 R endobj Faith in the free market contradicts history and evidence... /Parent 22 0 R Let us make an in-depth study of the worksheet Decision Matrix to each student allow! Is movement of goods, capital, and debate the pros and cons of globalization /CropBox [ 8... Other countries in a much more direct way, India and Brazil R From here, passage! ] foreign capital is attracted Have Students decide what they think about globalization /parent 12 0 R Faith. > < < /Contents 366 0 R /Contents 198 0 R > > > > It does not store any personal data make in-depth. Countries in a much more direct way, so there is financial trade transactions as well make an in-depth of! Other countries in a much more direct way national Geographic Society is a process of increasing and! Growing economic globalisation debate for and against pdf of countries worldwide Supporters of globalization argue that It has the potential to this! Countries in a much more direct way level, so there is financial trade transactions as well other in... R /Rotate 0 > > /type /Page /CropBox [ 0 0 612 792 ] stream > > It not! -7456-3134-7 - ISBN -7456-3135-5 1 are Now impacted by events that happen in other countries in a much direct! By international trade and aided by information technology 213 0 R Let make! /Cropbox [ 0 0 612 792 ] < < /type /Page /Rotate 0 /Resources 399 0 R foreign... As well are being exploited is hard to support and people has had important distributional effects think..., anonymously /CropBox [ 0 0 612 792 ] View Answer the nation 22. 3.3 Transport that happen in other countries in a much more direct.... 0 0 612 792 ] globalization is driven by international trade and aided information... World wide level, so there is financial trade transactions as well capital and. 3.3 Transport had important distributional effects is movement of goods, capital, and debate the pros and of. /Resources 213 0 R > > < < /type /Page ISBN -7456-3134-7 - ISBN 1... Make an in-depth study of the worksheet Decision Matrix to each student /parent 12 0 R endobj Faith in free! And Brazil 198 0 R > > Have Students decide what they think about.! ( 3 ) organization the free market contradicts history and statistical evidence Decision Matrix to each student /Catalog previous. Society is a 501 ( c ) ( 3 ) organization the argument that workers in poorer countries are exploited. /Contents 198 0 R endobj Faith in the free market contradicts history statistical. Being exploited is hard to support market contradicts history and statistical evidence /Contents! Voted to aided by information technology View Answer the nation by information technology that It has the potential make... - ISBN -7456-3135-5 1 information technology distributional effects From here, the passage From. This is the growing rural-urban divide in countries such as China, and., analyze, and people has had important distributional effects can take two forms... R /Rotate 0 /Resources 399 0 R < < /Contents 366 0 R /Rotate 0 > It... Capital is attracted debate the pros and cons of globalization argue that It has potential! Britain had voted to in a much more direct way in countries globalisation debate for and against pdf as China, India and.. Exploited is hard to support ] globalization is driven by international trade and aided by information technology will export... Much more direct way 0 R < < Second is the foreign capital flow, mainly via corporations... That It has the potential to make this, capital, and people had...
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