SLIDE 1

There is no doubt that there is an enormous support for

globalization, everybody will benefit the rich and the poor. But
since its inception it has united the world against it, one of the most
relevant global movement today is a movement against
globalization.

SLIDE 4

Globalization, first of all what is it? Used neutrally and in classical

sense it just means international integration, in this sense everyone
is in favor of it it has been the roots of the working class people,
and the left wing politicians agendas, in this sense global
integration benefits the whole rather than the selected few, but has
this been the case since the working days and fruition of the
economical integration? The term has since been appropriated by
the narrow sector of power and privileged to refer to their version
of international integration, the investor rights version. It makes
sense to them to own the term, because anyone who is opposed to
their term automatically becomes the anti-global and is labeled as
someone who would rather live in the stone ages, we should not
however accept the term anti-globalization, we are all in favor of
it. The burning question however remains, is globalization enacted
in the interest of people and society or private power.

SLIDE 5

The best definition of globalization is depicted here by a famous

Canadian Development economist Gerald Helliner who
summarized it to this little diddy.
SLIDE 8

1. VOYAGES OF COLUMBUS ALLOWS EUROPE TO CONNECT WITH PRE

EXHISTING REGIONAL TRADE NETWORKS AROUND THE WORLD
2. START OF INDUSTRIAL REVOLUTION MAKE UNITED KINGDOM CENTER OF
WORLD INDUSTRIALIZATION
3. EXTENSIVE AREAS OF THE AMERICAS BECOMES COLONIZED BY THE
EUROPEANS MAKING THOSE AREAS RAW MATERIAL SUPPLIERS TO
EUROPEAN INDUSTRLIAZATION, THESE COLONIES HAD ABSOLUTE
ADVANTAGE IN THE RAW MATERIALS, ABUNDANT LABOUR, AND
RESOURCES
4. WORLD TRADE INCREASES RAPIDLY BY 12 FOLD
5. BRETTON WOODS CONFERENCE ESTABLISHES IMF AND WORLD BANK
6. CREATION OF GENERAL AGREEMENT ON TARRIF AND TRADE

SLIDE 9

There were a large raft of influences behind the expansion, major one being large
reductions in world tariff, these cuts in tariff happened under GATT and later with
WTO with various trade negotiation rounds.

TNC, two dollars in every three dollars is controlled by TNCs

SLIDE 10

This graph depict the foreign exchange or floating of currencies

1970S radical changes in exchange rates had been discouraged and were rare.

SLIDE 12

Modern-day transport and communications technology has hugely reduced the cost
of moving goods and capital around the world, and have made global business
information more available then ever before

The free market ideologies of Freidrick Von Hayek, Milton Friedman and Margaret
Thatcher, Ronald Reagan became order of the day

The debt crisis of 1982 gave IMF and WB tremendous power, allowed them to
impose pro globalization, free market conditions on the loans to poor countries.
More so the WTO has pushed the boundries of trade globalization through trade
ruling like the Uruguay and Doha rounds