ADM 1101 Lecture Notes - Lecture 10: International Non-Governmental Organization, International Monetary Fund, Labor Rights
SchoolUniversity of Ottawa
Course CodeADM 1101
ProfessorKevin Petit- Frere
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ADM 1101 - Lecture 10 Notes
What is globalization?
●Globalization: A process of decreasing constraints on the
interactions among the nations and people of the world.
●Economic Globalization: Integration of fragmented markets
into a global economy.
●Political Globalization: Process by which world power
relationships change and there is a loss of sovereignty by the
●Social Globalization: The emergence of a worldwide cultural
The Impacts of Globalization
●Damages the environment
●Support for oppressive regimes.
●Criticism of marketing practices.
●Treatment of employees
●Treatment of indigenous peoples.
●Genetic modification of plants and animals.
●Corruption and bribery.
●Globalization can lead to increased poverty.
Institutions of Globalization
●Supranational Institution: An international organization that transcends national boundaries
where the member states share in the decision making on issues involving members.
●The world Bank: The world bank provides financial and tech assistance to countries that are
●The International Monetary Fund (IMF): Enables financial stability, international trade,
employment, and poverty reduction.
●The International Labour Organization (ILO): A United Nations agency that seeks to promote
social justice and internationally recognized human and labour rights.
●World Trade Organizations (WTO): Coordinates the agreements that reduce trade barriers
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