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Globalization Question and Answer Paper
Stiglitz Chapter 1: The Failures of Globalization
- Three main ideas of the reading
Stiglitz argues that globalization, international trade, and regional organizations have only been beneficial to a few people, but the largest portion of the world’s population has deteriorated and remained stagnant in terms of growth and unemployment.
- Trade agreements have benefited big corporations but weakened the bargaining power of workers from both low-income and developed nations.
- Globalization has created winners and losers. Those at the top have reaped the advantages of technological and financial advancements, but the unskilled workers have lost their jobs to machines and young employees with superior technical skills.
- By exacerbating increased inequalities among people, globalization deeply weakened communities. It has led to split management, communities, and employees, creating discord that cannot support increased development.
- What does the author say needs to be changed? Or developed? Or used? (list 3) 7-12
- The problem of growing inequality introduced by globalization.
- The frequent economic crises that have emerged from the United States because of globalization.
- Unfair intellectual property rules that favor multinational corporations and the elite by giving them tremendous power and profits in the market......................GET A PLAGIARISM FREE COPY