Globalization by Gurshan Singh https://padlet.com/g31479/65bgdt2yoah Made to educate the masses en-us 2018-04-20 18:56:11 UTC 2018-04-20 19:18:33 UTC hello@padlet.com What is globalization? g31479 https://padlet.com/g31479/65bgdt2yoah/wish/253967278 When trade increases, increased flow of people and more investments being made in the economy. ]]> 2018-04-20 19:01:21 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253967278 e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253967559 2018-04-20 19:02:12 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253967559 How new is Globalization? d29629 https://padlet.com/g31479/65bgdt2yoah/wish/253967960 Many credit the start of it as a result of Christopher Columbus's discovery of America in 1492. After that discovery every continent in the world had a way of being interconnected. The phrase was coined in the 1930's and it became a widely used term in the 1950's and 1960's following world war 2.]]> 2018-04-20 19:03:23 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253967960 What has led to increased globalization? e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253968207 Trade barriers have been reduced, trade restrictions have been reduced and better methods of transportation and communication

]]> 2018-04-20 19:04:08 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253968207 What are some effects of multinational businesses? e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253968934 Positives: maximizes profits, lowers prices for consumers, provides jobs. 
Negatives: poor companies that they operate in don’t get any benefits, and pay subspercing wages.

]]> 2018-04-20 19:06:13 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253968934 Positives of globalization g31479 https://padlet.com/g31479/65bgdt2yoah/wish/253970835
  • Increased interaction 
  • Increased trade with different goods
  • Shared culture and ideas
  • Larger market for consumers 
  • Access to resources for different countries 
  • Outsourcing 
  • Enhanced living quality

    • ]]>     2018-04-20 19:11:06 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253970835     What roles to the International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO) play in globalization? e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253971088 Make processes easier for global trade, gives advice to countries, helps adjust into different currencies

    ]]>     2018-04-20 19:11:42 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253971088     When people trade, how do both sides benefit? d29629 https://padlet.com/g31479/65bgdt2yoah/wish/253971109 Opportunity cost benefits all countries, Make global trade easier, Consumers buy products at lower costs

    ]]>     2018-04-20 19:11:44 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253971109     What are some of the issues involved with outsourcing jobs? e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253971352 Some workers lose their jobs because workers from other countries are willing to work for less money, people who lose their job from outsourcing could end up winning lower wages at other jobs

    ]]>     2018-04-20 19:12:33 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253971352     What is the future of globalization? e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253971649 Based of the past globalization is here to stay due to countries continually needing resources. The benefits are strong and widespread. The gov can establish job-training programs and provide a safety net for those who have lost jobs due to foreign competition. The growth of international terrorism could cause countries to become less open in the future. 

    ]]>     2018-04-20 19:13:30 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253971649     What are some negative effects of globalization? e29502 https://padlet.com/g31479/65bgdt2yoah/wish/253972131 Loss of jobs, increased environmental damages, open borders lead to terrorism illegal drugs and spread of disease, less diversity, industrialized receive more benefits than low income countries, poverty remains high]]> 2018-04-20 19:15:14 UTC https://padlet.com/g31479/65bgdt2yoah/wish/253972131