Globalization leads to both increased mobility of goods, services, and people, as well as rising inequality. While it allows consumers access to cheaper goods and workers opportunities to find jobs abroad, it also benefits wealthy multinational corporations and widens the gap between rich and poor. However, globalization also improves living standards over time as technology and ideas spread more widely. Countries that embrace open trade see economic growth and improvements in health outcomes. Overall, globalization is defined as the integration of human activity worldwide and is generally a positive force when governments reduce trade barriers and restrictions on mobility to maximize freedom.
My presentation at dConstruct 2005 in Brighton. Not exactly a masterpiece of Keynote - this was pre-Rieger - but it was fun to berate a room full of savvy web-heads for missing mobile...
"The DNA of business has changed. Forever. You can blame technology, smartphones, social media, online shopping and everything else, but nothingchanges this reality: we are in a moment of business purgatory.
So, what are you going to do about it?
Mitch Joel, one of the world's leading experts in new media, warns that the time has come to CTRL ALT DELETE. To reboot and to start re-building your business model. If you don't, Joel warns, not only will your company begin to slide backwards, but you may find yourself unemployable within five years. "
My presentation at dConstruct 2005 in Brighton. Not exactly a masterpiece of Keynote - this was pre-Rieger - but it was fun to berate a room full of savvy web-heads for missing mobile...
"The DNA of business has changed. Forever. You can blame technology, smartphones, social media, online shopping and everything else, but nothingchanges this reality: we are in a moment of business purgatory.
So, what are you going to do about it?
Mitch Joel, one of the world's leading experts in new media, warns that the time has come to CTRL ALT DELETE. To reboot and to start re-building your business model. If you don't, Joel warns, not only will your company begin to slide backwards, but you may find yourself unemployable within five years. "
Strategic review of the impact of globalization on the sustainability of com...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Mary Kate Costello
POLICY SEMINAR
Youth Required: Building Resilient Food Systems for a Sustainable World
Co-Organized by The Hunger Project and IFPRI
JAN 25, 2018 - 09:30 AM TO 11:00 AM EST
Trade theory by David Ricardo, Factor Price Equalization, Commodity Price Equalization, expanding consumer surplus, via trade liberalization, not protectionism
Strategic review of the impact of globalization on the sustainability of com...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Mary Kate Costello
POLICY SEMINAR
Youth Required: Building Resilient Food Systems for a Sustainable World
Co-Organized by The Hunger Project and IFPRI
JAN 25, 2018 - 09:30 AM TO 11:00 AM EST
Trade theory by David Ricardo, Factor Price Equalization, Commodity Price Equalization, expanding consumer surplus, via trade liberalization, not protectionism
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A complete Presentation on the topic of globalization, about its history, dimensions, GATT, role of multinational incorporation, international trade and Evolution of trade theories....
The lecture analyzes the phenomenon of Globalization, the technological revolution, the over exploitation of ICTs, and the rise of Information Society.
globalization is undermining nation states. First, it is that it is empowering corporations at the expense of the nation state, and secondly, that the international institutions such
It does not make sense to talk of a world of 6 billion people becoming a monoculture. The spread of globalization will undoubtedly bring changes to the countries it reaches, but change is an essential part of life. It does not mean the abolition of traditional values.
As the WTO and World Bank are not democratic…. There is an issue of sheer size.
It is noted that many corporations are larger than nation states – more than half the 100 largest economies in the world are corporations.
Integration in the world economy contributes to environmental improvements by promoting growth, increasing incomes, improving property rights and the allowing the efficient use of resources.
Discussing unilateral trade liberalization experience of HK, Singapore, ASEAN, gravity model of trade, intellectual property rights (IPR), plain packaging issues.
Presentation during the World Taxpayers Association (WTA) regional forum in Bangkok, Thailand. Covering GDP size of ASEAN and other countries, changes in income tax policies
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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04062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
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El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
1. Globalization, Mobility and Inequality
Bienvenido “Nonoy” Oplas Jr.
Presentation at the Honors Class, 4th Year HS
La Salle Greenhills, Mandaluyong, M.Manila
17 February 2014
3. I. Definitions of Globalization
• International, global integration of human
activities -- generic, common defn.
• World shrinkage, distances getting shorter,
things moving faster, ideas spread quicker
• Big fims, multinationals’ global profiteering
and further exploitation of workers, minorities
– leftist defn.
• Globalization = Mobility = Freedom
4. Early Stage of Globalization: The Silk Road, 1450s
(Red is land route, blue is water/sea route)
* Image source: Wiki
6. Factor Price Equalization (FPE) Theorem
another result of free trade
• Substitute prices of goods with prices of labor, capital,
technology, other factors of production, in the above
graphs
• Free mobility of people and services across countries and
continents will result in FPE over the long term, all other
things being equal.
• Countries with expensive labor due to labor deficit and low
population will experience decline in labor cost once
additional and competing labor of similar skills from abroad
come in.
• And countries with cheap labor due to high supply of
workers, high population, will experience increase in labor
cost once the excess labor goes out and work abroad.
7.
8. Anti-Globalization and Trade Protectionism
results in consumers’ diswelfare
Commodities that are
otherwise cheap
become expensive due
to protectionism and
government tariff and
taxes. This is wrong.
9. II. Globalization and Goods Mobility
In 1989, only 9 out
of the world’s top
20 biggest ports
were in Asia…
20 years after, 15
of the top 20 were
in Asia, including
that in Dubai.
Economies with
larger consumers
and producers,
with freer trade
policy, benefit.
10. Philippines’ Exports Markets Diversifying
(in $ billion, except %)
From a “UScentric” to
Asiancentered or
focused
exports
policy and
reality.
13. Top 10 Exporting Countries by 2050, Citigroup study, 2011
1. China
Trade in 2050: $52.2 trillion
Percent of world trade: 18.2%.
6 Indonesia
Trade in 2050: $8.8 trillion
Percent of world trade: 3.1%
2. India
Trade in 2050: $25.7 trillion
Percent of world trade: 9%
7 Hong Kong
Trade in 2050: $8.5 trillion
Percent of world trade: 2.3%
3. USA
Trade in 2050: $19.1 trillion
Percent of world trade: 6.6%
4. Germany
Trade in 2050: $9.9 trillion
Percent of world trade: 3.5%
5. Korea
Trade in 2050: $9.7 trillion
Percent of world trade: 3.4%
8. Japan
Trade in 2050: $7.6 trillion
Percent of world trade: 2.7%
9. Singapore
Trade in 2050: $6.8 trillion
Percent of world trade: 2.4%
10. UK
Trade in 2050: $6.02 trillion
Percent of world trade: 2.1%
14. Foreign Direct Investment
FDI Inward Stock (million US$), ASEAN and China
FDI inward stock (million US$)
1990
2000
2010
2012
Indonesia
8,732
25,060 154,158 205,656
Malaysia
10,318
52,747 101,510 132,400
Philippines
4,528
18,156
26,319
31,027
Singapore
30,468 110,570 461,417 682,396
Thailand
8,242
29,915 137,191 159,125
Viet Nam
1,650
20,596
65,348
72,530
China
20,691 193,348 587,817 832,882
Source: UNCTAD, FDI/TNC database (www.unctad.org/fdistatistics), accessed on 6 October
15. On Rice Smuggling: Rice protectionism should be
abandoned, allow full liberalization
Price/kilo
P3
Full protectionist price
P3 > P2 > P1
P2
P1
Smuggling price
Free trade price
Why make otherwise cheap imported rice become expensive?
Rice export powerhouses Vietnam and Thailand have natural advantages that are not
present in the Philippines: (a) huge, generally flat rice land, about 10 M hectares each,
vs. the PH’s 4.5 M hectares; (b) contiguous land irrigated almost whole year by Mekong
River and other river systems, ours is scattered in an archipelago; and (c) they have only
1 or 2 typhoons a year, we have about 20 on average. Crop damage there is lower.
16. III. Inequality
• Anti-globalization groups highlight the rising inequality among
people and among countries with more trade and investment
openness, goods and people mobility.
• Somehow they are correct because globalization and free trade
will result in more efficiency + more inequality.
• About 20-30 years ago, the Filipino poor and even the middle class
could not afford a landline, much less a cell phone, the rich can
own several units of thick, heavy/bulky mobile phones, several
cars.
• Now the Filipino poor, from ordinary jeepney drivers to farmers
have cell phones, more sophisticated kids can even have smart
phones, gift from some relatives or godparents. The super rich use
hi tech mobile phones, can own several private choppers or jets.
17. Illustration:
• In a scale of 1 to 1,000 units of
wealth, the poorest owned 1
and the richest owned 80
(1:80 ratio).
• Today, the poorest own 5 while
the richest own 1,000 (1:200
ratio). Inequality has worsened
• Tomorrow, the poorest will
own 10 units while the richest
will own 3,000 (1:300 ratio).
• Bottom line is the condition of
the poorest, how they can be
uplifted from controllable
diseases and misery.
• Middle class condition
improving too.
Inequality: Before
Now
18. • Life expectancy rising worldwide,
many infectious and fatal
diseases now easily controlled;
the poor live longer.
• Infant mortality also declining.
Poor children dying less than
before.
• These two improving health
outcomes coincided with
openness to world trade of
countries.
• Source: EMHN, “How free trade
improves health”, 2012,
http://www.emhn.org/sites/default/
files/EMHN_Healthytradev2.pdf
19. IV. Concluding Notes
• Globalization = mobility = freedom. People, their
products, services, talent, technology, are given
opportunity to reach other users and consumers
worldwide.
• Governments should reduce restrictions on people and
goods mobility. These include: (a) reducing tariffs and
non-tariff barriers (NTBs) like customs bureaucracies; (b)
simplifying visa requirements and issuance, reduce the
cost of migration; (c) focus on rule of law function, go
after real criminals and not ordinary migrants who only
wish to improve their condition through hard work.
20. • PH restrictions and bureaucracies on labor migration
should be drastically reduced, some should be
eliminated. The Philippine Overseas Employment
Authority (POEA) can be shrunk if not abolished.
• Inequality is here to stay. Prosperity and poverty is
generally a form of rewards and punishment in
society, corresponds with individual freedom and
personal responsibility.
• Protectionist PH constitution should be amended to
allow more foreign investments and competition.