7/23/2019 Globalization.doc

1/4

GLOBALIZATION

Outline:-

I. Introduction

II. Historical Perspective

III. What Detailed

IV. Results of Globalization

V. Shoulds / Solutions

ptions for Pa!istan

III. What is Globalization"

i. De#ocratization and inte$ration of national econo#ics b% enhancin$

trade and eli#ination barriers& #ini#izin$ the role of state throu$h

infor#ation technolo$%.

ii. 'he conver$ence and intert(inin$ of production& trade& labour and

other relations bet(een countries& and the re#oval of econo#ic

barriers. It is a spontaneous #ar!et process fuelled b% the division of

labour co#pared to a closed econo#%.

iii. ) universalized for# of life that touches on ever%one and causes

individuals to orient their actions to(ards it. *Saturation 'endenc%+

iv. ) double ed$ed s(ord& raises econo#ic $ro(th& spreads ne(

technolo$% and increases livin$ standards& but& assaults national

soverei$nt%& erodes local culture and threatens econo#ic and social

stabilit%.

v. ,cono#ic liberalization and unification as an antidote to deadl%

nationalis# coincided (ith co##unication revolution.

vi. Globalization envisa$ed the $oals of social develop#ent& reduction of

ine-ualities and povert% alleviation.

vii. eo protectionis# *Wests neo protectionis#+

a. subsidize its a$riculture

b. on0'ariff 1arriers *'1s+

*2uota S%ste#& )nti du#pin$ la(s+

c. ,nviron#ental standards

d. 3abour ri$hts

e. 4hild labour issues

f. Hu#an ri$hts

$. Intellectual Propert% Ri$hts *IPR+

5

7/23/2019 Globalization.doc

2/4

viii. Globalization is har#onization of consu#er tastes& preferences and

urban cultures.

i6. Global capital and trade (ill $o (here the% are #ost (elco#e and

productive.

6. Political 7a8ade

a. Globalization of )#erican culture

b. Hu#an ri$hts as a #ean of '1

c. Political prete6t to intervene& (here the% dee# it necessar% for

securin$ their 9ational Interest.

6i. Structural chan$es

a. 3ocal industr% failure

b. 7ar#er (ithout subsidies

c. '1 child labour& de#ocrac%

6ii. Do(nsizin$

6iii. 'ariff lo(ered

6iv. Hi$h : cheap i#ports

a. 1alance of pa%#ent *1P+

b. 1ud$et deficit

6v. ,nviron#ental issues

6vi. 4ultural onslau$ht ; ethical / #oralit%

IV. Result of Globalizationi.

7/23/2019 Globalization.doc

3/4

a. 7ree flo( of labour

b. 4ultural and social i#plications

c. 4ultural after#athsde#o$raphic realities

i6. 4op%ri$ht issues#oralit% and la( at odds

6. State v/s co#panies

a. Wea!enin$ of the stateinstabilit%

6i. ?aturation 'endenc%'ransfer of (ealth fro# poor countries to the

rich(idenin$ of e6istin$ $aps.

6ii. 'he developin$ countries are follo(in$ a ne( (ave of econo#ic

protectionis#. . . .

6iii. ,cono#ic of scalelo(er costs throu$h hi$her sales and production

volu#es.

6iv. 4o#panies or$anize production $loball%,.