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Globalization: Quo Vadis? Globalization: Quo Vadis?

Globalization: Quo Vadis? - PowerPoint Presentation

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Uploaded On 2016-12-06

Globalization: Quo Vadis? - PPT Presentation

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

poverty globalization incidence north globalization poverty north incidence imf fell group immigration bank labour world

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Presentation Transcript

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