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Introduction

  The world is becoming increasingly integrated

  Thanks to new technologies

  Global integration is an engine for growth an thus a force for poverty reduction

  China and India are new “globalizers”

  There are concerns about

Definition

  What’s is in it?

  WTO objectives are

Multinationals

  Sharp-toothed multinationals are emerging from the new world: IBM has sold its personal computer branch to Levono, a Chinese multinational

  Indian firms such as Infosys or TataConsultancy service are putting IBM under strain

  Problem with western multinationals

  Western multinationals are changing

Free trade agreements

  Global

  Or not global

Information technologies

  IT provides the communication network that facilitates the expansion of products ,ideas, and resources regardless of de geographical location

  However IT

  Financial integration

  Trade in capital makes it possible

Foreign direct investment

  Holds advantages

  But it requires

  Yet economic evidence shows that

Effects of globalization

  Wide ranging effects of globalization

  Marginalized countries

  Some 3 billion people live in countries that are going global

  As a consequence some industrialized countries are setting up old and new forms of trade barriers

  Developed countries

  Economic integration and..

  Our environment

Anti-Globalizers

  Anti-Globalizers advocate self fulfillment

  Development can be achieved

In times of crisis

  Globalization in times of crisis

  International trade, and the global economic integration resulting from it

Basic principles

  A strong international trade system is fundamental. Such a system, overseen by the World Trade Organisation (WTO), is vital to the global economy and to the employees of all companies operating globally

  Continued economic liberalisation enhances growth. Particularly at a time of global economic duress, market liberalisation can play a role in stimulating growth, saving jobs and enhancing living standards

  Protectionism must be resisted. Trade and investment barriers deter foreign participation in domestic markets, add cost to what consumers buy, hamper innovation, limit growth, and ultimately reduce living standards at home and abroad

  Global trade must be fair. All participants in the global economy must live by international trade rules

Easier said than done

  Globalisation means that there are more powerful international actors whose interests need to be taken into account. India, China, Brazil and other developing nations have to be part of it.

  Talk of a new cold war with Russia

  When it comes to sensitive issues of national identity, then agreements are much harder to push through

  In Europe

  Imposing protectionnist measures may provide temporary relief. But it is inhibiting European companies from pursuing rational production strategies

  In English

  In American English

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