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Our globalized economy

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  1. 1. Our globalized economy<br />
  2. 2. Introduction<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />2<br />
  3. 3. 10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />3<br />Agenda<br />Globalization Defined<br /><ul><li>Basic data
  4. 4. Definition</li></ul>Sources of Globalization<br /><ul><li>Internationalization
  5. 5. Liberalization</li></ul>Levels of Globalization<br /><ul><li>Eras of Globalization
  6. 6. Differences</li></ul>Implications<br /><ul><li>Inevitability?
  7. 7. Role of the State?</li></li></ul><li>WTO Protest, Seattle 1999<br />Impressions<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />4<br />
  8. 8. Globalization: A Definition<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />5<br /><ul><li> “A set of processes that are widening, deepening, and accelerating the interconnectedness among societies ”</li></ul>(Kegley & Raymond)<br /><ul><li> “…processes whereby social relations acquire relatively distancelessorborderless qualities, so that human lives are increasingly played out in the world as a single place.” </li></ul>(Jan AartScholte)<br /><ul><li> “…technological, political, economic, and cultural dimensions that connect individuals, governments, and firms across national borders.” </li></ul>(Rosa Gomez Dierks)<br />Globalizationas ‘Deterritorialization’<br /> Breakdown of borders of Space and Time<br />
  9. 9. AspectsofGlobalization<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />6<br />Industrial globalization <br />Financial globalization <br />Informational globalization <br />Political globalization <br />Cultural<br />globalization <br />
  10. 10. InternationalizationofEconomicActivity<br />Trade & Finance<br />Global Liberalization<br />Domesticand International<br />Technological Changes<br />IT Revolution (Speed and Cost)<br />Improvements in Transportation<br />EX: ContainerizedShipping<br />GlobalizedProductionStructures<br />Stateless Corporations’ (DaimlerChrysler)<br />SourcesofGlobalization<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />7<br />
  11. 11. Growth in World Trade<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />8<br />A Traders Era<br />
  12. 12. Growth in World Trade<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />9<br />
  13. 13. Clip<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />10<br />Emotions<br />
  14. 14. Data Transmission Costs<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />11<br />
  15. 15. Death ofDistance<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />12<br />Call Centers in India<br />
  16. 16. Transportation Costs<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />13<br />
  17. 17. Greater international cultural exchange<br />multiculturalism, cultural diversity (Hollywood movies)<br />Greater international travel and tourism<br />Greater immigration<br />including illegal immigration<br />Spread of local consumer products <br />(e.g., food) to other countries<br />World-wide fads and pop culture <br />Pokémon, Sudoku, Origami, YouTube.<br />World-wide sporting events <br />FIFA World Cup and the Olympic Games.<br />Formation or development of a set of universal values<br />Characteristics<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />14<br />
  18. 18. Technical/legal Development of a global telecommunications infrastructure and greater transborder data flow<br />using such technologies as the Internet<br />Increase in the number of standards applied globally<br />e.g. copyright laws, patents and world trade agreements.<br />The push by many advocates for an international criminal court and international justice movements.<br />Characteristics<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />15<br />
  19. 19. A. ErasofGlobalization<br />First Era of Globalization (about 1850-1914)<br />InterwarPeriod (1920-1939)<br />Cold War Era (1945-1989)<br />Second Era of Globalization (1989-Present)<br />Differences of Current Era of Globalization<br />Trade<br />Finance<br />Technology<br />Levels ofGlobalization<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />16<br />
  20. 20. The startofGlobalization<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />17<br />The Destruction of the Berlin Wall<br />The walls<br />come down…<br />
  21. 21. The startofGlobalization<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />18<br />Tim Berners-Lee<br />…andthe (World Wide) Web goes out.<br />
  22. 22. Questions for a Globalized Economy<br />Does globalization enrich the many or the few?<br />Does it help or harm workers? the environment?<br />Is it a source of freedom or a barrier to freedom?<br />What role for the governments?<br />Is globalizationinevitable?<br />Overall, is globalization a positive or<br />a negative development????<br />Questions?<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />19<br />
  23. 23. Positive and negative effects<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />20<br />
  24. 24. Positive or Negative?<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />21<br /><ul><li> Viewing both the Productivity grows more quickly when countries produce goods and services in which they have a comparative </li></ul> advantage. Living standards can go up faster. <br /><ul><li> Global competition and cheap imports keep a lid on prices, so inflation is less likely to derail economic growth.
  25. 25. An open economy spurs innovation with fresh ideas from abroad.
  26. 26. Export jobs often pay more than other jobs.
  27. 27. Unfettered capital flows give the U.S. access to foreign investment’ and keep interest rates low. (Baker)  </li></ul>The Pros for globalization show that prices will be kept at one set price and that money will be quickly made by all. That help with foreign countries could also speed up technology as well. Technology could help the underdeveloped countries in the long run, and help everyone overall economically. <br />
  28. 28. Positive or Negative?<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />22<br /><ul><li> Millions of Americans have lost jobs due to imports or production shifts abroad. Most find new jobs - that pay less.
  29. 29. Millions of others fear losing their jobs, especially at those companies operating under competitive pressure.
  30. 30. Workers face pay-cut demands from employers, which often threaten to export jobs.
  31. 31. Service and white-collar jobs are increasingly vulnerable to operations moving offshore.
  32. 32. U.S. employees can lose their comparative advantage when companies build advanced factories in low-wage countries, making them as productive as those at home. (Baker) </li></li></ul><li>Quote<br />”Globalization is a highly contested domain,<br />and there are no absolute lines for<br />demarcatingit”<br />”People are less mobile than goods, money<br />or ideas; in a sense they remain<br />”nationalised”, dependent on passports,<br />visas, andresidencequalifications”<br />10.04.2007<br />23<br />Daniel Delank „Globalization – Our globalized economy“<br />
  33. 33. Quote<br />”Economic globalization is constructing new<br />forms of social organization that are<br />supplanting, or will eventually supplant the<br />traditional states as the principal economical<br />and political units of world society”<br />”Globalization is perceived as a powerful<br />transformative force, which is responsible for<br />a ”massive shake-out” of societies,<br />economies, institutions of governance and<br />world order”<br />10.04.2007<br />24<br />Daniel Delank „Globalization – Our globalized economy“<br />
  34. 34. Sources<br />10.04.2007<br />Daniel Delank „Globalization – Our globalized economy“<br />25<br /><ul><li>Literature:
  35. 35. Herlmut Schmidt: „ Globalisierung. Politische, ökonomische und kulturelle Herausforderungen.“
  36. 36. Website:
  37. 37. www.wikpedia.de (04.04.2006) englisch
  38. 38. www.globalisationguide.org/ (03.04.2006) german
  39. 39. www.globalization101.org/ (03.04.2006) german
  40. 40. www.globalization.com/ (03.04.2006) german</li>