40 likes | 112 Views
Explore the history of globalization from 1890 to 1930, analyzing the North Atlantic's globalized dynamics, immigration patterns, FDI movements, currency matters, and factors leading to its end during the Depression. Delve into modern globalization's differences, institutions like WTO and IMF, interdependence effects, equalization of wages, and environmental impacts, with evidence supporting poverty reduction in China and India, the rise of G20, and challenges like child labor, women's rights, and environmental concerns.
E N D
Globalization: Quo Vadis? Lecture 20
History of Globalization • Globalized North Atlantic • North America-U.K. and others • Immigration patterns • Movement of FDI • Currency Matters • Drop in transport costs • Time Period: 1890’s to 1930 • Why did it end: Depression and bad policy • Halt Immigration, farm prices collapsed, Smoot Hawley tariff • Can it collapse again?
Modern Globalization • How does it differ? • Institutions • WTO, IMF, World Bank • Interdependence • Capital flight • Equalization of Wages • Environmental Impacts • Propriety Rights over Technologies
Evidence • Pro-side • Poverty Incidence • 1978-2000 • China poverty fell from 30% to 10% • India poverty incidence fell from 51% to 26% • Rise from Group of 8 to Group of 20 • More power in IMF and World Bank • Problems: • Child Labour, women, culture, wage and labourstandards,environment