Globalization: Winners and Losers

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Description

How is business without borders really affecting the world? As Sabeer Bhatia, inventor of Hotmail; Narayan Murthy, founder of Infosys; and other industry leaders attest, globalization has raised the standard of living in developing economies through high-tech opportunities, foreign investment, and debt relief.

However, Harvard’s Jeffrey Sachs and other experts point out that the world market is being exploited through shortsightedness, including the aggressive deployment of genetically modified crops, environmental negligence, and the abuse of NAFTA. This program—produced in the aftermath of the WTO protests in Seattle—addresses the pros and cons of doing business in the global marketplace.

Video Segments

1. Conflicts in International Trade The cost and value of globalization is assessed. In Seattle, 135 nations and protestors converge on the World trade Organization (WTO) talks to protest free versus fair trade.
2. The New Playing Field High technology reforms business. The WTO and International Monetary Fund (IMF) guarantee loans only if Third World economies promise to reform. Three billion people emerge from poverty.
3. The Global Village Poverty-stricken India joins the information revolution. Sabeer Bhatia sells his concept for e-mail to Microsoft. Social change becomes evident in India.
4. The Have and Have Not Paradox Infosys, a software giant, is an anomaly from most of India's surroundings. Much of Indian reality is poverty and an inconsistent power supply.
5. New Developments The Internet expands civil society and the non-governmental sectors. A universal standard for human rights emerges. Opponents say genetically modified foods lack sufficient testing.
6. Food and Big Business Big business ignores public concern for safe food and fears consumer revolt. The European Union (EU) is over fishing and abusing local seamen off the West African coast.
7. Foreigners in Australia International law is not keeping pace with the demands for global resources. There is little protection from foreigners fishing in local Australian waters.
8. American Influence The U.S. wields its influence by getting the IMF and WTO to insist on free markets. They claim that the E.U. needs to buy from American-owned companies as well as from Europe's old colonies.
9. NAFTA's Consequences in Mexico The wages in new factories is inconsistent with the amount that is produced. Since NAFTA there are more jobs and skills, but the standard of living still force Mexicans to seek better wages in the U.S.
10. Illegals Still Migrate NAFTA's free market between Mexico and the U.S. has little impact on reducing the amount of illegal aliens crossing the boarder.
11. Environmental Degradation Third World Nigeria suffers environmentally under Shell Oil's domination of their petroleum resources. Land agriculture and fishing are adversely affected by oil spills that are not cleaned up.
12. China and Globalism The Chinese embrace globalism by selling Amway (American Way) products door-to-door. Economic reform is based on self-enrichment through work and a consequent improved standard of living.
13. Political Reform in Asia Moving to the free economy does not produce democratic trade unionism. Some feel economic progress is a result of totalitarian politics. To ignore workers rights may lead to political change.
14. Global Village China's membership requires them to improve their human rights record. Free trade allows other countries access to the world's biggest market. Economic interdependence is paramount.
15. South African Gold Britain, the IMF and international reserve banks are selling gold in favor of currency and stocks. The result of a quick gold sell off on South Africa's mineworkers is devastating.
16. Winners and Losers Some countries benefit at the expense of others under a globalized economy. The shift of reserves away from storing gold towards stocks and currency rewards banks and hurts mineworkers.
17. Social Justice in Global Trade Governments forgive foreign debt to the poorest nations. Health, wealth and democracy are still elusive under global trade. The cry for social justice in trade gets violent in Seattle in 1999.

 

Specifications

Grade: 9-12

Globalization: Winners and Losers (DVD)
© 2000
Time: 42 Minutes

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