Chapter Four: A World in Transition “The Impact of Globalization” http://access.cappelendamm.no

Globalization An international network of communication, technology and trade Free market capitalism International corporations International organization like WTO, IMF and World Bank http://access.cappelen.no

Impact Extremely productive Creation of new inventions and brand names New – earlier hostile – nations now members The “consumer economy” gone world wide (Picture: McDonald’s advertising in Beijing, China) http://access.cappelendamm.no

Anti-globalization (Alter-globalization) wishes to: Preserve local cultures Make decisions locally Stop endless growth Close the gap between rich and poor Avoid the control of international corporations and organizations http://access.cappelendamm.no

Supporters claim that that globalization has: Reduced poverty Improved life expectancy Spread democracy Reduced malnutrition Reduced inequality http://access.cappelendamm.no

Outsourcing – Moving jobs abroad Against For Exploiting cheap labor Taking away jobs in the West Using up resources Harming Earth Providing sought-after jobs Creating new consumers in the East Increasing production Improving living standards http://access.cappelendamm.no