1. Focus: The Impact of Globalization (Chapter 4 – pp. 160-169)

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

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

4. 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

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

6. The Great Recession A sharp decline in the global economy Governments cut down on public spending Unemployment and poverty spread around the globe Protests: the Occupy Wall Street movement and others

7. Positive aspects? The BRIC countries not as affected Less pollution due to decreased production and consumption Signs of recovery (e.g. General Motors), But the global recession is far from over …

8. The Future Inequality remains Globalization will make people richer! Globalization will make people poorer! The debate will go on …