Glo­ba­liza­t­i­on - What does it mean?

Glo­ba­liza­t­i­on - What does it mean?
⇒ pro­cess of in­ter­na­tio­na­liza­t­i­on

has ef­fects on:

• the eco­no­my
  • con­su­mer mar­kets
  • ser­vice mar­kets
  • la­bour mar­kets
  • ca­pi­tal mar­kets
• con­sump­tio pat­terns and life style
• po­li­tics
• the law
• sci­ence and tech­no­lo­gy
• cul­tu­re

Pre­con­di­ti­ons:

• com­mu­ni­ca­ti­on tech­no­lo­gy
• trans­port fa­ci­li­ties
• free trade

What pro­po­n­ents say:

• the eco­no­my works at its best with free mar­kets
• use ad­van­ta­ges of in­ter­na­tio­nal di­vi­si­on of la­bour ⇒ more eco­no­mic growth

What cri­tics say:

• the gap bet­ween rich and poor is wi­de­ning
• loss of so­ci­al achie­ve­ments
• less pro­tec­tion of the en­vi­ron­ment
• few big com­pa­nies exert (mar­ket) power
• in­ter­na­tio­nal in­sti­tu­ti­ons which have no de­mo­cra­tic le­gi­ti­miza­t­i­on to exert power (IMF, World Bank, WTO)
• there is still great need for co­or­di­na­ti­on and har­mo­niza­t­i­on
• do­mi­nan­ce of ca­pi­ta­list over de­mo­cra­tic prin­ci­ples

Dan­gers:

• in­ter­na­tio­na­liza­t­i­on of ill­nes­ses (e.g. Sars, bird flu)
• com­pu­ter vi­ru­s­es
• ter­ro­rist at­tacks

Do­ku­ment her­un­ter­la­den [.doc][31 KB]