Professional Documents
Culture Documents
Globalization
Globalization
Negative integration
. Negative integration is the breaking down
Positive integration
Positive integration on the other hand aims at
EFFECTS OF GLOBALIZATION
An example of
globalization
As an example of the above integration,
consider the global market in milk and milk
products(powdered milk, cheese, butter).
A recent drought in Australia lessened the
amount of grass on which Australian dairy
cows feed,
thereby limiting the amount of milk these
cows produced for export.
An example of
globalization
At the same time a tax was levied by
Argentina on milk products which caused an
increase in milk prices,
which caused a decrease in milk exports.
These two events caused a shortage of milk
worldwide
which European dairy farmers could not fill
due to strict production quotas enforced by
the European union
An example of
globalization
Meanwhile, in China, higher per capita
consumption is caused by rising income
levels, which in turn caused and increased
demand of milk products.
All these events may have seemed isolated
and inconsequential to the average consumer,
but they were actually closely related in terms
of globalization
and resulted in a strong upward pressure on
the price of milk everywhere
Nayan Chanda
There are as many beginning points of
Other views
Other possible starting dates are when
Sum up
The starting point of 1820 is as acceptable as
ADVANTAGES OF GLOBALIZATION
DISADVANTAGES OF GLOBALIZATION
Culture
The negative drivers of globalization included
Job destruction
Destroys jobs in wealthy advanced countries.
This is due to the lower costs of wages in
developing countries.
Multinationals will move to areas of lower
wage levels at the drop of a hat
Loss of sovereignty
Also there is the loss of sovereignty that
globalization brings.
Many anti-globalization believers state that
Environment
Then there are environmental factors of
globalization
such as chemical waste and air pollution.
Still, the cost of cleaning these effects up is
not included in the price of a product.
In many cases, specifically in the developing
world, manufacturers take advantage of lax
regulations and cause air pollution and
chemical waste without restraint.
Technology
Technology, though usually viewed as a