GP brought down my percentage by https://padlet.com/shriniketh_ravi/x72sihb6q67d Made with a taste for adventure en-us 2019-04-08 08:01:15 UTC 2025-03-19 01:07:46 UTC hello@padlet.com Shriniketh Ravi shriniketh_ravi https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394518 Local firms can fail due to more competition with global products]]> 2019-04-08 08:10:03 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394518 Shriniketh Ravi shriniketh_ravi https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394595 Resources will decrease ]]> 2019-04-08 08:10:26 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394595 kAtE jAmEs katejames https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394756  ~ price of goods will increase as they are likely to be imported 
~ consumer choice increases which can lead to problem of choice. 

]]> 2019-04-08 08:11:16 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394756 krishshah3016 https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394828 Krish Shah
1. Economy of a country might fail
2. More dangerous weapons could be developed
3. Countries might loss focus on main aims
4. Government spending could increase.]]> 2019-04-08 08:11:35 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394828 Bhakti bhaktigoti https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394836 Dispute between countries on issues can cause conflict between them]]> 2019-04-08 08:11:38 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349394836 Sharvil Ballal sherieballal https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349395121 Globalization uses up finite resources more quickly.  As an example, China joined the world trade organization in December 2001. In 2002, its coal use began rising rapidly

Sharvil

]]> 2019-04-08 08:12:56 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349395121 Khusshi Sharma khusshi_sharma https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349395426 Creates a political system where the richest and biggest have the most power]]> 2019-04-08 08:14:40 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349395426 Sharvil Ballal sherieballal https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349395589 Globalization transfers investment spending from developed countries to less developed countries.
In the US, domestic investment was fairly steady as a percentage of National Income until the mid-1980s. In recent years, it has dropped off and is now close to consumption of assets (similar to depreciation, but includes other removals from service, such as removals because manufacturing has moved overseas). The assets in question include all types of capital assets, including government-owned assets (schools, roads), business owned assets (factories, stores), and individual homes. A similar pattern applies to business investment viewed separately.


]]> 2019-04-08 08:15:25 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349395589 Hia khusshi_sharma https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349396112 It puts national firms out of business 
Laws on export and impact of good causing  economic problems among countries causing trade wars

]]> 2019-04-08 08:17:42 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349396112 anikaagupta05 https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349396283 Implications of bigger brands ]]> 2019-04-08 08:18:27 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/349396283 Sharvil sherieballal https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/350223130 Large multi-national corporations have the ability to exploit tax havens in other countries to avoid paying taxes.]]> 2019-04-10 05:14:16 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/350223130 Sharvil sherieballal https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/350223322 Some experts think that globalization is also leading to the incursion of communicable diseases. Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners of the globe.]]> 2019-04-10 05:15:44 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/350223322 krishshah3016 https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/350223424 Krish Shah
Cons

• The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. “It is wonderful for managers, owners and investors, but hell on workers and nature.”

• Globalization is supposed to be about free trade where all barriers are eliminated but there are still many barriers. For instance161 countries have value added taxes (VATs) on imports which are as high as 21.6% in Europe. The U.S. does not have VAT.

• The biggest problem for developed countries is that jobs are lost and transferred to lower cost countries.” According to conservative estimates by Robert Scott of the Economic Policy Institute, granting China most favored nation status drained away 3.2 million jobs, including 2.4 million manufacturing jobs. He pegs the net losses due to our trade deficit with Japan ($78.3 billion in 2013) at 896,000 jobs, as well as an additional 682,900 jobs from the Mexico –U.S. trade-deficit run-up from 1994 through 2010.”

• Workers in developed countries like the US face pay-cut demands from employers who threaten to export jobs. This has created a culture of fear for many middle class workers who have little leverage in this global game

• Large multi-national corporations have the ability to exploit tax havens in other countries to avoid paying taxes.

• Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages, living and working conditions), as well as lack of concern for environment, mismanagement of natural resources, and ecological damage.

• Multinational corporations, which were previously restricted to commercial activities, are increasingly influencing political decisions. Many think there is a threat of corporations ruling the world because they are gaining power, due to globalization.

• Building products overseas in countries like China puts our technologies at risk of being copied or stolen, which is in fact happening rapidly

• The anti-globalists also claim that globalization is not working for the majority of the world. “During the most recent period of rapid growth in global trade and investment, 1960 to 1998, inequality worsened both internationally and within countries. The UN Development Program reports that the richest 20 percent of the world's population consume 86 percent of the world's resources while the poorest 80 percent consume just 14 percent. “

• Some experts think that globalization is also leading to the incursion of communicable diseases. Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners of the globe.

• Globalization has led to exploitation of labor. Prisoners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods. There is also an increase in human trafficking.

• Social welfare schemes or “safety nets” are under great pressure in developed countries because of deficits, job losses, and other economic ramifications of globalization.

Globalization is an economic tsunami that is sweeping the planet. We can’t stop it but there are many things we can do to slow it down and make it more equitable.

From Forbes.com]]> 2019-04-10 05:16:34 UTC https://padlet.com/shriniketh_ravi/x72sihb6q67d/wish/350223424