CHAPTER 54
Debate on Globalization
LEARNING OBJECTIVES
Compare and contrast the conservative and progressive views of corporate-led –
globalization.
OUTLINE OF CHAPTER
I. The Process of Globalization
II. The Conservative View
III. Positive Aspects of Globalization
IV. The Progressive View
KEY TERMS
free trade
condition under which all goods and services must be allowed to travel freely in global trade
without any barriers
globalization
the process of growing interdependence among coun
giving away or selling public property to private individuals
ANSWERS TO END OF CHAPTER REVIEW QUESTIONS
Compare and contrast the conservative and progressive views of corporate-led –
globalization.
1. -led
globalization process?
The process by which the world is moving toward increasing economic unification and
and capital as harmful.
2. Explain the arguments of free-market economists that procorporate globalization is a
predominantly positive trend in the world economy.
Free market economists argue that the free trade leads to greater efficiency in
Discuss the positive aspects of globalization.
3. How do progressive economists view corporate-led globalization?
Progressive economists argue that unrestricted movements of capital can produce
4. What are indicators used to measure the positive aspects of globalization?
5. What enabled growth in countries due to the process of globalization?
According to proponents of globalization, economic growth has been enabled by free
Discuss the negative aspects of globalization.
6. Examine the major conflicts emerging from globalization, such as those associated with
employee employer interests, insufficient trust, and environmental destruction.
Conflict has arisen from growing inequality suggesting that the benefits of globalization