Globalization's Dual Power. Globalization is a double-edged sword. It is much like fire. Fire itself is neither good nor bad. Used properly, it can cook food, heat our homes. Used carelessly, fire can destroy lives, towns and forests in an instant. . New products New services
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New investment and markets
New technologies and management skills
Higher living standards
A greater gap between rich and poor
Worse environmental degradation
Loss of identity
the trade around the Mediterranean , trade across the Atlantic after the discovery of America,
In the 1980s and 90s, especially after the Cold War, with the help of GATT (today the WTO), the World Bank , and with easy transportation and communication facilitated by technological advances global economic integration
New products and services, new investment and markets, new technologies and management skills, higher living standards
More debt, instability, far worse environmental degradation, loss of national and cultural identity
Do the merits of current globalization outweigh its demerits?
A powerful vehicle
A trendy word
Cross-border mergers and acquisitions
(favorable) Balance of payments
A scary prospect
A plausible presumption
Genetically modified food
To lack a common agenda
To erode the local culture
Maximize their presence
Something that is both positive and negative
Eg: She paid me a double-edged compliment, saying that my work was excellent for a beginner.
The beauty of the plan consists in its simplicity.
Theory should consist with practice.
Globalization, integration, maximization
Americanization means taking new immigrants and turning them into Americans...whether they want to give up their traditional ways or not. .
(infml) to do too much of sth, such as eating, drinking, shopping
Be liable to sth, be likely or inclined to do sth.
Eg. Children of poor health are very prone to colds in winter.
Used to say sth will not happen if sth else does not happen
Eg: They will be back to the negotiating table only if their conditions are fulfilled.
If only a few countries do, their actions will not matter much.
Downturn, upturn, output, input, outlook, outcome
To alleviate or to reduce (fear, pain, suffering)
The good news relieved me of my anxiety.
A sudden and great increase, or a sudden and great movement forward.
There has been a surge in stock prices recently.
Globalization, maximization, integration, optimization, commercialization, democratization
To act on the basis of prejudice against sb.
She felt she had been discriminated against because of her age.
Sth to be expected, possibility
To have merits as well as demerits
To triumph, to succeed, to win out