Beckett
Globalization
Introduction:
We can define globalization as the process by which events, activities and decisions in one part of the world can have significant consequences for communities in distant part of the globe. Goods, people, information and capital can circulate easily & quickly Globalization mostly concerns North America, Europe and Japan and the new emergent countries
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I)
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Globalization is led by a few countries :
Northern America, Europe, Japan, & 4 Asiatic countries (South Korea, Hong-Kong, Taiwan & Singapore ) They constitute the TRIAD (66% of the World Trade) : The Triad accumulate an impressive majority of Wealth (15% of the World Population, 50% of wealth ) The Triad also hold the majority of the powers: enumerate Some peoples and organizations who or which epitomizes globalization : EU, EFTA1,OPEC,NAFTA,APEC2 WTO, The main Multi- National Companies are situated in the countries of the Triad. They are also actors of the Globalization with the delocalisation in other countries which is often used by this MNC. Institutional Investors who make investments on World wild scale ⇒ Finally : USA are the root of the Globalization Process
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Globalization players:
WTO: (World trade Organization) - Established in 1995 to administer the rules of International trade , 148 member countries . - WTO is a permanent organization with judicial powers to rule on international trade disputes. - The WTO argues that the growth of trade between countries increases the wealth of everyone. - The object of WTO agreements is the lowering of barriers such as tariffs and import quotas. IMF :(International Monetary Fund) - Established in 1946, 183 member countries - IMF promotes international cooperation on finance
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EFTA
EFTA (the European Fair Trade Association) is an association of eleven Fair Trade importers in nine European countries (Austria, Belgium, France, Germany, Italy, The Netherlands, Spain, Switzerland and the United