Globalization for many

Question 1

Globalization’s hope

Answer 1

Large benefits to all

Question 2

Vilified by developed a developing countries
What do they vilify each other for

Answer 2

Developed: Threat of outsourcing
Developing: unfair rules made by advanced countries
Both: Widening income and wealth gaps

Question 3

Developed countries threats

Answer 3

Job decline due to outsourcing to developing countries
Trade union membership decline
Growing inequality
Decline of high paying/secure jobs
Stagnant wages

Question 4

Underdeveloped countries threats

Answer 4

Unfair rules
Over emphases on material gains
Dilution of national sovereignty
Wealth transfers

Question 5

Who is enriching who?

Answer 5

There has been a substantial transfer of wealth out of the poor countries towards the wealthy countries

Question 6

Challenges of globalization

Answer 6

Inequality - Income
Inequality - Wealth

Question 7

Responding to challenges of globalization

Answer 7

Ignore the problem and accept the growing inequality
Resist fair globalization
Reshaping globalization

Question 8

Reshaping globalization

Answer 8

Restructuring globalization through acknowledging failures of international organizations , failures of governments in advanced industrial countries, the responsibility of voters

Question 9

Reshaping globalization - what is required to change

Answer 9

Representative international organizations
Importance of democratic globalization
International accountability

Question 10

The new social contract

Answer 10

Fairer trade
New intellectual property rules
Recognition of our planet
Fair payment
Financial assistance and debt forgiveness for poor countries
Reduction/elimination of arms sales