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24 12 2012 12 34 00 Globalization Workers move within across borders Nannies from Caribbean Nurses from India Maquilladora from Mexico Female factory workers in Muslim communities from SE Asia Servants to Kuwait from South America SE Asia All work for families all leave families behind Globalized economy Interconnections Travel routes and rapid communication Flow of money capital credit Began with mercantilism and colonization National wealth power served by increasing exports and collecting precious metals Importing the 3rd World Shipler Entry into U S Coyotes and indentured servitude Family life in a migrant camp progresses Cutting Costs Sweatshop labor Wage inequity Poor treatment It s cheaper to higher people that you can pay less Group of harvesters farm workers that follow the harvest as it Globalization Globalized economy poverty Jobs more vulnerable National wealth tied to global wealth National poverty tied to global poverty What happens in one area significantly affects what happens in another region of the world Who has the cheapest labor Deindustrialization manufacturing departs Change from industry to other forms of activity Service sector economy rises and leaves too Cell phone carriers restaurants car repair shops Outsourcing Contributions of technology Going out of company state country to create product at lowest cost Competition in the World Economy Robert Reich Different economic boats Routine procedures sinking rapidly In person servers sinking slowly Symbolic analysts rising steadily Economic fates of Americans are beginning to diverge End of the notion of economic nationalism All members of a nation succeed or fall together All members of a nation share responsibility for the economic well being of their country Consumerism 1960 2000 10 000 per person per year 2000 24 000 per person per year 2000 dollars Amount of debt that s carried by families today is 6 times higher than it was in 1985 The access to credit drives the economy Sustainability Meeting current and future needs in consideration of social cultural economic and environmental factors Just transition Cumulative impacts Health equity Everyone should have access to health care that will meet their needs Great Disruption Gilding Problem economic inequalities environmental change What if we don t all benefit as economy grows Is growth the answer Life after shopping Story of Stuff Dealing with poverty or inequality The Spirit Level Greatest predictor of social ills is not absolute level of poverty or disadvantage It is degree of inequality or income difference between people 24 12 2012 12 34 00 24 12 2012 12 34 00


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UMD FMSC 381 - Globalization

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