Economic+Development

Supranationalism and IGO's and NGO's

The [|BBC profile of NATO]

For the shear FUN of data analysis, go to [|Gapminder]. Also see Hans Rosling here: media type="custom" key="3613147"

What is globalization? Add your definitions here...

Group 1: Globalization is "the result of human innovation and technological progress". It is connected to economies around the world and their growth specifically with "movement of goods, services, and capital across borders". Referring with people, globalization connects to the movement of labor and technology across international borders. Globalization is looked at as beneficial to some countries and negative for others. Sometimes "as countries "'globalize'" their citizens benefit". They could benefit in access to a larger variety of goods and resources. Lower prices, increase in jobs and quality, health, and improved lifestyles are benefits of globalization. The areas with developing economies are the ones who get hit the hardest which is the negative aspect. As some countries benefit, the countries with higher poverty rates are in need of globalization and don't have enough. There are various parts of globalization such as cultural, political, and environmental. http://www.imf.org/external/np/exr/ib/2008/053008.htm Group 2:

Group 3: A comprehensive definition of "globalization" is becoming increasingly difficult to create, and furthermore, agreeing on a definition is virtually impossible. As different groups take sides, agreeing on its impact on the world is an even larger problem. Critics of globalization say that it has increased poverty and inequality, whereas others say that by looking at recent statistics, poverty has gone down. Though leaders may never know exactly how poverty decreased, Geoffrey Foster, the founder and consultant of International Child Welfare and Health and Family AIDS Caring Trust in Zimbabwe, says that "the argument over whether poverty has declined or increased is irrelevant. There is no doubt that the continued existence of poverty should horrify and humiliate us." [|(Globalization, Poverty, and Inequality])

Since a definition is so hard to come by, leaders suggest a focus on "Good Governance," where the government would focus not only on business and economic ventures, but also on health, education, and a comprehensive set of values. One of the ultimate questions to answer is "How do we make globalization inclusive?" and nations must do what needs to be done to "trigger" growth and find ways to sustain this new growth. [|(Globalization, Poverty, and Inequality])

Globalization is not an easy definition economically. One group argues globalization increases the amount of poverty while another group disagrees. The key argument for globalization hurting the world is how business is being run by lower wage labor. People who have jobs are losing them to people who will work for a lower wage. Analyzing the amount globalization is actually effects poverty is a current issue too. Xavier Sala i Martin a professor of economics at Columbia believes globalization and liberalization will help the world overall. Social Entrepreneur, Geoffrey Foster, who created International Child Welfare and Health, Family AIDS Caring Trust, doesn’t care if globalization is good or bad but, that poverty is the real issue. He feels that spreading of “good” government can help prevent this.

( [|World Economic Forum Definitions of Globalization] )

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