For and Against Globalization Flashcards
(10 cards)
What are the 3 things that are AGAINST globalization; jobs and wages
- eliminates manufacturing jobs in developed nations
- causes worker dislocation that lowers wages
- exploits workers in lower-wage nations
What are the 3 things that are FOR globalization; jobs and wages
- increases wealth and efficiency in all nations
- generates labor market flexibility in developed nations
- advances the economies of developing nations and raises living standards
What is the term for the wage gap between white-collar and blue-collar jobs in rich nations
inequality within nations
What is the term for widening the gap in average incomes between rich and poor nations
inequality between nations
What is the argument FOR globalization; culture
it allows us to profit from our differing circumstances and skills
What is the argument AGAINST globalization; culture
it homogenizes our world and destroys our rich diversity of cultures
How is globalization a menace to democracy
it empowers supranational institutions at the expense of national governments
How is globalization guardian of democracy
spreads democracy worldwide
How is globalization FOR the environment
most international firms today support reasonable environmental laws
How is globalization AGAINST the environment
“race to the bottom”
