ADM 1301 Lecture Notes - Lecture 1: Starbucks
20 Jan 2015
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Document Summary
Arguments for globalization: increases economic growth rate, prosperity, opportunity for all participants, private corporations and open markets provide better goods and services to society, increases civil liberties and reduces inequalities, leads to lower prices, higher employment in developing countries, and better standards of living, facilitates the transfer of technology, capital, intellectual property, and skilled labour, cleaner world environment, rising living standards, limits on int"l behavior. Arguments against globalization: increases the wealth of giant corporations and leaves developing countries poor, harmful to the environment, neuters gov"t ability to govern and results in conspiracies between corporations and governments, increases unemployment in developed countries, reduces standards (manufacturing, health, quality, environmental, periodic financial crises are caused, disrupting the economies of many countries, intellectual property isn"t respected, homogenizes cultures, fuels income inequality between nations, increases the gap between haves and have nots, causes problems that can"t be resolved by single nations, globalization institutions run by developed countries.
