Prepared By: Eman Rashed

Globalization

“A truly global company looks at the whole world as one market. It manufactured, conducts research, raises capital, and buys supplies, wherever it can do the job best”.

Greater integration within the world economy via increased openness to :

International Trade International capital and labor movements International flow of technology International flow of information

Positive Impacts Benefit to Market system: International Trade -

Adam Smith Commercial Gains: Financial Markets Emerging Economies: Global Common Market Competition: leads to low price & better quality Global Sharing of Environmental resources : Efficiency of resources allocation World Culture: spreading of multiculturalism Technology Innovation

Against freedom of movement (Individuals)

Against freedom of trade (goods)

Against freedom of expression (Ideas)

• With regard to the multinationals, the sins or the negative aspects that they are reproached for are:

Aim at the maximization of profits Locate where the salaries are lowest – Export Poverty Employ children and women in their factories Destroy the environment through their ways of

production Obliterate cultural identities; Brain drain

CARTOON