“Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital – the world’s best talents and greatest ideas.”
- Jack Welch
According to the quotation, Globalization is a positive force because of this.
What is acquiring skills and resources from a variety of nations?
If the title “Terms of Reference” was removed from the cartoon and replaced with “Globalization”, the statement that best describes the picture would be this.
What is, there are multiple perspectives that exist in relation to globalization?
True or false, the following companies are examples of GLOBAL corporations:
Tim Hortons
Hudson's Bay
Canadian Tire
He believed in LESS REGULATION of the global economy by the governments.
Who is Friedrich Hayek?
This was a system where certain merchants were allowed to buy and sell resources on behalf of the EMPIRE. It certainly NEVER became the a NEW INTERNATIONAL MONETARY SYSTEM, even if it was a step along the way to CAPITALISM.
What is MERCANTILISM?
The quote, “The tar sands release three times as many greenhouse gases as conventional oil, consume massive amounts of water, and pollute essential habitat for birds and other wildlife.” refers mostly to what?
What are "Environmental issues"?
The concept these cartoons are addressing is this.
What is outsourcing? --- an often cheaper alternative for manufacturing since protecting workers is left up to the responsibility of the GOVERNMENT where factories are located, not the TNC itself.
Sure, outsourcing does a great deal when it comes to increasing profit for shareholders, providing global economic opportunities, and cheapest prices for the consumer, but this? This one thing it does NOT do.
What is, protect the North American economy?
He believed that the government SHOULD play a significant role in the economy by reducing government spending in BOOM times, and increasing it in BUST times.
Who is John Maynard Keynes?
This agreement was signed DURING WW2, to establish a system of rules, institutions and procedures for the post war global economy.
What is Bretton Woods?
An expert makes a point about contemporary economic globalization: “At its most fundamental level, globalization is a revolution in the way goods are moved from point A to point B.”
This type of TECHNOLOGICAL advancement best speaks to the message of this quote.
What is "The widespread use of container shipping"?
This is the purpose of this cartoon.
What is to criticize the policy of outsourcing used by transnational corporations?
A major purpose of organizations such as EU, OPEC, and APEC is this.
What is to encourage political and economic cooperation between member nations?
He would NEVER have supported economic planning to stabilize economic growth. He was HUGE supporter of just LETTING THE MARKET DO IT's THING, with almost NO government interference.
Who is Hayek?
This is the role of the IMF.
What is, to offer short term financial assistance to nations?
Western technology has been designed in light of the many resources available in the rich countries: financial capital, raw materials, energy, and so on. As such, it is not directly transferable to poor countries where money and energy are scarce and human resources are abundant. The social, economic, and cultural interests of Third World countries are often directly opposed to those of the rich nations.
-- from Third World Guide 91/92
The author of the above statement would likely support initiatives that would do this.
What is promote technology that is suited to conditions in the developing world?
The concept most being demonstrated by this image is this.
What is, international interdependence?
This organization plays a large role in determining the price of oil on the world market.
He believed that government should spend and lower taxes to try and prevent a recession.
Who is Keynes?
These events contributed to the development of modern economic globalization.
What are the creation of the World Bank and International Monetary Fund, The expansion of the free market economy, and the impact of new technologies on the movement of money around the world.
"Unexpected Bedfellows: The GATT, the WTO and Some Democratic Rights"
In this headline, the world trade organization is being criticized for it's role in this.
What is democratization?
The message of the cartoon is this.
What is, the quest to dominate the environment will destroy it.
Because of this, multiple news stories are written from the same point of view.
What is MEDIA CONCENTRATION?
Adam Smith might have believed that globalization leads to this.
What is greater competition, which in turn, leads to lower prices on goods and services?
This involves careful economic growth that does NOT deplete natural resources.
What is sustainable development?