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GLOBALIZATION
INTRODUCTION
 Traditionally, before the advent of industrial
revolution, corporations were based on domestic
level.
 Industrial revolution demanded that there is
openness of trade between countries.
 This includes enabling countries using each
others’ resources.
OBJECTIVES AND CONTENTS
This report has the following objectives:-
 Discussing the concept of flat world.

 Discussing the concept of borderless world.

 Discussing relations with financial crises and globalization

 The G7 and WTC conferences and globalization

 Pankaj Ghemawat’s Views

 Anthony Gidens Views

 End of Poverty

 “Trade not aid” notation

FLAT WORLD CONCEPT
 Thomas L. Friedman
 Level playing field for the competitors
 10 components of globalization (Friedman)
• The fall of Berlin Wall
• Internet Boom
• Workflow Software
• Open and Free Knowledge Sharing
FLAT WORLD CONCEPT
 Outsourcing
 Off Shoring
 Supply Chaining
 In Sourcing
 Mass Information
 Easy formal communication
BORDERLESS WORLD
 Borderless world means that the boundaries of
the countries are not frontiers anymore.
 This means that business is always more
preferable.
 Boundaries are borders that are only used for
policy making across countries.
 However, despite these borders and rules,
incidents like smuggling find their way.
GLOBAL FINANCIAL CRISIS AND GLOBALIZATION

 2006 – 2009 recession

 Financial crisis like the great depression
 Based in the U.S. but spread to the whole world
 Highlighted the shortcoming in the globalization
mechanism
 The world resurged into globalization once again
as it continued to come out of the recession.
G7 AND WTC CONFERENCE AND GLOBALIZATION

 G7 countries (include Canada, France, Japan,

United Kingdom, United States, Germany and
Italy) make 46% of the global GDP
 Financial policies of the whole world is made
 Protests are conducted to claim that the small
group makes decision on the behalf of so many
countrys.
WORLD 3.0: PANKAJ GHEMAWAT’S VIEWS

 Pankaj Ghemawat - a famous economist.

 He believes that there is no such thing as a “Flat
World”
 He believes that the world is very unequal in
terms of opportunities.
 Globalization cannot solve the issues faced by the
global economy and population.
ANTHONY GIDDENS IDEAS ON GLOBALIZATION

 Anthony Giddens is a well known thinker and

author from the United Kingdom and is famous
for his work in Sociology. He has explained
globalization in terms of 4 components.
 Reflexivity
 Sovereignty
 Interdependence
 Industrialism
END OF POVERTY AND GLOBALIZATION
 Advocates claim that globalization can reduce or
eradicate poverty.
 Argument is that globalization gives ample
opportunity to grow.
 Critics claim globalization has caused a lot of
poverty itself.
 They claim it is exploitating in nature.
TRADE-NOT AID
 Multinational companies make use of resources
of less fortunate countries.
 They do not pay them fair price.
 Then they give aid to these countries which is an
unsustainable thing.
 Fair trade should be made with poorer countries,
and it is theorized that they would be much better
of.
REFERENCES
 Beck, U., 2015. What is globalization?. John Wiley & Sons.
 Fratianni, M. and Savona, P., 2016. Sustaining global growth
and development: G7 and IMF governance. Routledge.
 Friedman, T.L., 2006. The world is flat: The globalized world
in the twenty-first century (p. 593). London: Penguin.
 Ghemawat, P., 2011. World 3.0: Global prosperity and how to
achieve it. Harvard Business Press.
 Ghemawat, P. and Siegel, J.I., 2011. Cases about redefining
global strategy.
REFERENCES
 Giddens, A., 2013. The consequences of modernity. John Wiley & Sons.
 Giddens, A., 2013. The third way: The renewal of social democracy. John
Wiley & Sons.
 Glenberg, A.M., 2015. Few believe the world is flat: How embodiment is
changing the scientific understanding of cognition. Canadian Journal of
Experimental Psychology/Revue canadienne de psychologie
expérimentale, 69(2), p.165.
 Goodman, M.K., 2004. Reading fair trade: political ecological imaginary
and the moral economy of fair trade foods. Political geography, 23(7),
pp.891-915.
 Haas, R. and Lelyveld, I., 2014. Multinational banks and the global financial
crisis: Weathering the perfect storm?. Journal of Money, Credit and
Banking, 46(s1), pp.333-364.
REFERENCES
 Hirst, P., Thompson, G. and Bromley, S., 2015. Globalization in question.
John Wiley & Sons.
 Kaplinsky, R., 2013. Globalization, poverty and inequality: Between a rock
and a hard place. John Wiley & Sons.
 Kobrin, S.J., 2017. Bricks and Mortar in a Borderless World: Globalization,
the Backlash, and the Multinational Enterprise. Global Strategy Journal, 7(2),
pp.159-171.
 L'Huillier, B.M., 2016. Has Globalization Failed to Alleviate Poverty in Sub‐
Saharan Africa?. Poverty & Public Policy, 8(4), pp.368-386.
 Moyo, D., 2009. Dead aid: Why aid is not working and how there is a better
way for Africa. Macmillan.
 Pianta, M., Silva, F. and Zola, D., 2004. Global civil society events: Parallel
summits, social fora, global days of action. Global civil society, 2005.