GLOBALIZATION

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GLOBALIZATION by Mind Map: GLOBALIZATION

1. (Economic) Globalization

1.1. ↑ wealth, commerce

1.2. T.N.C.

1.2.1. Outsourcing

1.2.1.1. +

1.2.1.1.1. -3rd world get jobs -We get stuff for cheap

1.2.1.2. -

1.2.1.2.1. -3rd world: exploited/ bad work conditions/ low wages -Developed nations lose jobs!

1.2.2. Corporate Social responsibility?

1.2.2.1. To exploit or not to exploit...

1.2.3. Make $$$$$

1.3. The world is getting smaller!

1.4. SPREAD of ideas, culture, knowledge

1.5. REDUCING barriers!

1.6. Who is affected?

1.6.1. Social: EVERYONE

1.6.2. Political

1.6.2.1. Countries get involved!

1.6.2.1.1. TRADE AGREEMENTS/ ORGS.

1.6.2.2. Trade Liberalization!!!

1.6.2.2.1. Reduce Barriers!

1.6.2.3. Subsidizing

1.6.2.3.1. (+)Gov't provides financial support to industry & producers can sell for cheaper

1.6.2.3.2. (-) What if 3rd world countries are competing in the same industry?! How can they compete with developed world's subsidized industry?!

1.6.2.4. PRIVATIZATION

1.6.2.4.1. Of WATER ?!

1.6.2.5. Foreign Investments!

1.6.2.5.1. (+) Stimulates economy, more jobs, up prosperity

1.6.2.5.2. (-) Risky!

1.6.3. Environment

1.6.3.1. Reliance on Fossil Fuels

1.6.3.1.1. GHG

1.6.3.1.2. Tar/ Oil Sands

1.6.3.2. Our ecological footprint/ impact on the environment

1.6.3.2.1. Sustainable Prosperity

1.6.3.2.2. Over Consumption/ What about future generations?!

1.6.3.2.3. Sustainable Development

1.6.3.2.4. Initiatives/ Stewardship

1.7. ↑ prosperity

1.7.1. How is it measured??

1.7.1.1. GDP

1.7.1.1.1. (Gross Domestic Product) measures strength of country's economy

1.7.1.2. GNH

1.7.1.2.1. (Gross National Happiness) Inner happiness/ wellbeing

1.7.1.3. GPI

1.7.1.3.1. (Genuine Progress Index) Sustainability, well being, quality of life

1.7.1.4. HDI

1.7.1.4.1. (Human Development Index) Quality of life: longevity, knowledge, standard of living

2. Foundations

2.1. WWI (1914-1918) Economies devastated! Germany pays reparations!

2.1.1. 1920's Economic Boom! Spend spend spend!!!

2.1.1.1. 1930's Great Depression! Stocks prices ↓ = Stock market CRASH!

2.1.1.1.1. Countries protect industries thru PROTECTIONISM Trade Barriers!

3. Knowledge Economy

3.1. ↑ knowledge/ info

3.1.1. New technology

3.1.2. Media

3.1.3. ↑ access/ circulation of new ideas/ outside influence

3.1.3.1. language

3.1.3.2. culture

3.1.3.3. religion

3.2. "Digital Age"

3.2.1. Computers/ cellphones/ internet

3.2.1.1. Ease of communication

3.2.1.2. Chatrooms/ forums

4. UNIFICATION OF WORLD ECONOMIES

4.1. INTERDEPENDENCE

4.1.1. +

4.1.1.1. Cooperation between countries, more info/ knowledge, etc etc

4.1.2. -

4.1.2.1. What happens in another country can become a global issue!

4.2. INTEGRATION