Lecture 20 History of Globalization Globalized North Atlantic North AmericaUK and others Immigration patterns Movement of FDI Currency Matters Drop in transport costs Time Period 1890s to 1930 ID: 497979
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Slide1
Globalization: Quo Vadis?
Lecture 20Slide2
History of Globalization
Globalized North Atlantic
North America-U.K. and others
Immigration patterns
Movement of FDI
Currency Matters
Drop in transport costs
Time Period: 1890’s to 1930
Why did it end: Depression and bad policy
Halt Immigration, farm prices collapsed, Smoot Hawley tariff
Can it collapse again?Slide3
Modern Globalization
How does it differ?
Institutions
WTO, IMF, World Bank
Interdependence
Capital flight
Equalization of Wages
Environmental Impacts
Propriety Rights over Technologies Slide4
Evidence
Pro-side
Poverty Incidence
1978-2000
China poverty fell from 30% to 10%
India poverty incidence fell from 51% to 26%
Rise from Group of 8 to Group of 20
More power in IMF and World Bank
Problems:
Child
Labour
, women, culture, wage and
labour
standards,environment