cw
Which is considered as an international organization tried to address the different problems in the world.
United Nations
It can be noticed that although it does not totally eradicate poverty, there is a slight success when it comes to the eradication of extreme poverty in the world.
mdg
It refers to the increasing global economic interdependence of world economies
ECONOMIC GLOBALIZATION
imports and exports of products
cross-border trade of commodities and services
presence of multinational corporations in other countries around the world
flow of international capital
There are two types of economies as associated with ECONOMIC GLOBALIZATION
PROTECTIONISM and TRADE LIBERALIZATION
This encouragement involves giving preferential treatment to domestic producers and discriminating against foreign competitors.
PROTECTIONISM
It means a policy of systematic government intervention in foreign trade with the objective of encouraging domestic production
PROTECTIONISM
The goal of this policy is to protect the domestic producers.
PROTECTIONISM
Free trade agreements and technological advances in transportation and communication means goods and services move around the world more easily than ever.
TRADE LIBERALIZATION
It means that products and services are free to enter in different countries.
TRADE LIBERALIZATION
This economic policy focuses more on free trade being governed by free trade agreements entered by different countries. Its focus is more on open-market
TRADE LIBERALIZATION
It means that products and services are free to enter in different countries
TRADE LIBERALIZATION
Using resources efficiently while preserving them for future generations.
main concern of sustainable development
It promotes unlimited consumption, harming the environment
How does economic globalization negatively affect sustainability
Development was hastened by the Industrial Revolution
ENVIRONMENTAL DEGRADATION
is a period wherein different industries or factories emerged in the economy
Industrial Revolution
major environmental consequence of the Industrial Revolution
Carbon emissions harming the atmosphere
refers to finding the quickest possible way of producing a large amount of a particular product.
Efficiency
debate the impact of free trade on the environment.
neoliberals and environmentalists
saw the efforts of environmentalists as a serious impediment to trade.
Neoliberals
argue that environmental issues should be given priority over economic issues since free trade through its expansion of manufacturing is associated with environmental damage.
Environmentalists
A belief that free trade and environmental protection can work together sees globalization as a process that can both protect and enhance the environment through inventing ways of enhancing the environment.
Ecological modernization theory
means delivering sufficient food for the entire world population.
FOOD SECURITY
is the result of companies trying to outmaneuver their competitors.
Economic and trade globalization
means an increase in one economic activity can lead to an increase in other economic activities
Multiplier effect
outsourcing of jobs is a way of
exploitation and oppression
does not totally solve the problem of extreme poverty but supports the idea that it enables the people to participate in the economy that can make their lives better
Microcredit
includes the Caribbean, Latin America, South America, Africa and other parts of Asia. These countries used to be called Third World Countries before during the Cold War era.
GLOBAL SOUTH
refers to the first world countries before such as the US, Canada, Western Europe, and developed parts of Asia.
GLOBAL NORTH