1. Chapter Four: A World in Transition
“The Impact of Globalization”

2. Globalization
An international network of communication, technology and trade
Free market capitalism
International corporations
International organization like WTO, IMF and World Bank

3. 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)

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

5. Supporters claim that that globalization has:
Reduced poverty
Improved life expectancy
Spread democracy
Reduced malnutrition
Reduced inequality

6. 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