1. Growth and Globalization Part II
Globalization and the emergence of a multipolar world

2. I. The Age of Globalization
Fall of USSR/Communist model
affirmation of liberal capitalist
model
Free market globalization
permeates everywhere

3. major changes (PCs, Internet, flow of information and money, FDI (foreign direct investment)
Importance of Multinational Corporations

4. I. The Age of Globalization
Canadian documentary: The Corporation Video: Chapter 1: What is a corporation?

5. II. The USA: From Superpower to Crisis
The U.S.: the Hyperpower
The “Big Winner” but not for long…
Development of high technology &
service industries
Outranked all world competitors
Great prosperity in 1990s –
Clinton
I come today not to talk about the new marvels of science and engineering Instead, I come to MIT, an epicenter of the seismic shifts in our economy and society, to talk about how we can and must apply enduring American values to this revolutionary time--about the responsibilities we all have as citizens to include every American in the promise of this new age Today, I ask you to focus on the challenges of the Information Age We can extend opportunity to all Americans or leave many behind. We can erase lines of inequity or etch them indelibly The tools we develop today are bringing down barriers of race and gender, of income and age For the very first time in our history, it is now possible for a child in the most isolated inner-city neighborhood or rural community to have access to the same world of knowledge at the same instant as the child in the most affluent suburb. Imagine the revolutionary democratizing potential this can bring. Imagine the enormous benefits to our economy, our society, if not just a fraction, but all young people can master this set of twenty-first century skills
Source: Bill Clinton’s graduation speech at M.I.T. June 1998

6. II. The USA: From Superpower to Crisis
Video: The 1990’s: Boom Time in America

7. B. A Fragilized Status
9/11
Afghanistan 2001
Iraq 2003
Sub-primes crisis 2007
Global financial crisis 2008

8. How can you explain the various peaks and falls on the graph?

9. III. Affirmation of a Multipolar World
Weakening of American power partly explained by growth of emerging powers
diverse strong points
new powers of 21st century
2010 China becomes 2nd
world economic power
(beating Japan)
world economic balance will see radical change in next 2 decades

10. III. Affirmation of a Multipolar World
TED Talk London. Understanding the Rise of China, by Martin Jacques 2010

11. B. Affirmation of BRICS confirms the breaking up of the former “Third World” 1. Emerging powers catching up with developed countries 2. Developing countries (esp. LDCs) low irregular growth rate marginalized & excluded from globalization

12. Each country’s size based on GDP per person

13. Concentration of GDP around the world

14. Reading Homework
1/The Unfinished Nation Read Chapter 34: The Age of Globalization pp / Will be scanned on the blog! 2/ “The Puny Superpower: America’s role in the world is steadily shrinking, and that’s nothing to celebrate.” Newsweek 2013