Pros and Cons of Globalization Essay Example
Pros and cons of globalization
Department:
International Management
Lecturer:
Prof. Dr. Henkel and Prof. Dr. Perlitz
Name:
Shi Zhun
Student ID:
1223396
Date:
29/Oct/2008
Table of Contents
Page Number
1. Summary...………………………………………………...…………...3 2. Introduction……………………………………………………………4 3. The definition of globalization…………………………………...........4 4. Economic growth (pros and cons)……………………………………..5 5. Worker (pros and cons)………………………………………………..7 6. Consumer (pros and cons)……………………………………………..9 7. Human rights (pros and cons)………………………………………...11 8. Conclusion…………………..………………………………………..13 References…..…………………………………………………………..14
Figure 1 Growth in Volume of World Merchandise Trade and Gross Domestic Product, 1994-2004 (Annual Percentage Change)………………………………………...........6 Figure 2 Job Creation in the U.S. and the EU ………………………………...……...8 Figure 3 The positive immediate impact of exports on the quality of life of the country’s residents………………………………………………..……………...…..10 Figure 4 Distribution of Economic Freedom………………………………………...12
2
1. Summary
Globalization is changing the way we live our lives every day, from reading news over the Internet to getting the latest stock quote or sports score. In the world at large, technology and open markets are creating a global economic system that often seems to exceed the power of government itself. In addition, Globalization is still one of the most popular words of our time and it plays an important role in the world. Trillions of dollars move effortlessly around the world everyday, across national borders in the blink of an eye. Cross-border investment and technologic process are fueling this “new economy” that is lifting hundreds of millions of people from abject poverty into the middle class. However, there are both winners and losers in the global economy, generating heated debates. Many factors, such as politics, economy, culture, and technology, can make the effect of globalization
Department:
International Management
Lecturer:
Prof. Dr. Henkel and Prof. Dr. Perlitz
Name:
Shi Zhun
Student ID:
1223396
Date:
29/Oct/2008
Table of Contents
Page Number
1. Summary...………………………………………………...…………...3 2. Introduction……………………………………………………………4 3. The definition of globalization…………………………………...........4 4. Economic growth (pros and cons)……………………………………..5 5. Worker (pros and cons)………………………………………………..7 6. Consumer (pros and cons)……………………………………………..9 7. Human rights (pros and cons)………………………………………...11 8. Conclusion…………………..………………………………………..13 References…..…………………………………………………………..14
Figure 1 Growth in Volume of World Merchandise Trade and Gross Domestic Product, 1994-2004 (Annual Percentage Change)………………………………………...........6 Figure 2 Job Creation in the U.S. and the EU ………………………………...……...8 Figure 3 The positive immediate impact of exports on the quality of life of the country’s residents………………………………………………..……………...…..10 Figure 4 Distribution of Economic Freedom………………………………………...12
2
1. Summary
Globalization is changing the way we live our lives every day, from reading news over the Internet to getting the latest stock quote or sports score. In the world at large, technology and open markets are creating a global economic system that often seems to exceed the power of government itself. In addition, Globalization is still one of the most popular words of our time and it plays an important role in the world. Trillions of dollars move effortlessly around the world everyday, across national borders in the blink of an eye. Cross-border investment and technologic process are fueling this “new economy” that is lifting hundreds of millions of people from abject poverty into the middle class. However, there are both winners and losers in the global economy, generating heated debates. Many factors, such as politics, economy, culture, and technology, can make the effect of globalization