Christine Benett
New member
I need summary for this text.line of summary should be at least 4~5lines each subject.
(as much short as you can) please help me..;
1.Discuss three periods of rapid globalization
Globalization in 1870-1914 resulted from the industrial revolution in europe and the opening up of new,
resource-rich,but sparsely populated lands in north america,south america,australia and new zealand,and south africa.
these lands received millions of immigrants and vast amounts of foreign investments,
principally from england,to open up new lands to food and raw material production.these so-called "regions of recent settlement".
grew rapidly during this period by exporting increasing amounts of food and raw materials to europe in exchange for manufactured goods.
this period of modern globalization came to an end with the breakout of "world war one" in 1914.
the second period of rapid globalization started with the end of "world war two" in 1945 and extended to about 1980.
It was characterized by the rapid increase of international trade as a result of the dismantling of the heavy trade protection
that had been put in place during the great depression that started in the United States in 1929 and during "World War two".
What is different about the present globalization revolution (since 1980) is its speed,depth,and immediacy resulting
from the tremendous improvements in telecommunications and transportation,massive international capital flows resulting
from elimination of most restrictions on their flow across national boundaries,as well as by the participation of most countries of the world.
this is what makes today's globalization that much more pervasive and dramatic than earlier periods of globalization.
=Summary
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2.Explain why there is an anti-globalization movement
These disadvantages and negative aspects of globalization have given rise to a rethinking of the age-old belief in free trade as the best policy and to a strong anti-globalization movement.which blames globalization for many human and environmental problems throughout the world,and for sacrificing human and environmental well-being to the corporate profits of multinationals.globalization is being blamed for world poverty and child labor in poor countries,
job losses and lower wages in rich countries,as well as environmental pollution and climate change throughout the world.while there is some truth in these accusations,an in-depth economic analysis will show that often the primary cause of many of the serious problems facing the world today lies elsewhere.
=Summary
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3.Discuss the international flow of labor
There are today about 190 million people in the world who live in a country other than the one in which they were born-nearly 60percent of them are in rich countries.people migrate primarily for economic reasons,but some do so to escape political and religious oppression.the 38million foreign-born people who live in the united states represent 12.6 percent of the u.s population.of these,over 11 million,or nearly 30 percent,entered the nation illegally.most nations impose restrictions on immigration to reduce the inflow of low-skilled people.migration is generally more requlated than the international flow of goods,services and capital.
=Summary
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4.Discuss the international flow of capital
In general,capital flows more freely across national boundaries than people.financial or portfolio capital generally move to nations and markets where interest rates are higher,and foreign direct investments in plants and firms flows to nations where expected profits are higher.this leads to the more efficient use of capital and generally benefits both lenders and borrowers.during the 1970s,middle eastern nations deposited a great deal of their huge earningsfrom petroleum exports in new york and london banks,which then lent them to latin american and asian governments and corporations.during the 1980s,japan invested a large chunk of its huge export earnings in financial assets and real estate and set up corporate subsidiaries in the united states.since the mid-1980s,the united states has become and increasingly large net borrower from the rest of the world to cover its excess of spending over production.global banks established branches in major international monetary centers around the world,nearly 2trillion dollar of foreign currencies are exchanged each day by around the clock trading in world financial centers,and newly established sovereign funds are making huge investments of all kinds all over the world.financial markets are globalized as never before.
=Summary
>
(as much short as you can) please help me..;
1.Discuss three periods of rapid globalization
Globalization in 1870-1914 resulted from the industrial revolution in europe and the opening up of new,
resource-rich,but sparsely populated lands in north america,south america,australia and new zealand,and south africa.
these lands received millions of immigrants and vast amounts of foreign investments,
principally from england,to open up new lands to food and raw material production.these so-called "regions of recent settlement".
grew rapidly during this period by exporting increasing amounts of food and raw materials to europe in exchange for manufactured goods.
this period of modern globalization came to an end with the breakout of "world war one" in 1914.
the second period of rapid globalization started with the end of "world war two" in 1945 and extended to about 1980.
It was characterized by the rapid increase of international trade as a result of the dismantling of the heavy trade protection
that had been put in place during the great depression that started in the United States in 1929 and during "World War two".
What is different about the present globalization revolution (since 1980) is its speed,depth,and immediacy resulting
from the tremendous improvements in telecommunications and transportation,massive international capital flows resulting
from elimination of most restrictions on their flow across national boundaries,as well as by the participation of most countries of the world.
this is what makes today's globalization that much more pervasive and dramatic than earlier periods of globalization.
=Summary
>
2.Explain why there is an anti-globalization movement
These disadvantages and negative aspects of globalization have given rise to a rethinking of the age-old belief in free trade as the best policy and to a strong anti-globalization movement.which blames globalization for many human and environmental problems throughout the world,and for sacrificing human and environmental well-being to the corporate profits of multinationals.globalization is being blamed for world poverty and child labor in poor countries,
job losses and lower wages in rich countries,as well as environmental pollution and climate change throughout the world.while there is some truth in these accusations,an in-depth economic analysis will show that often the primary cause of many of the serious problems facing the world today lies elsewhere.
=Summary
>
3.Discuss the international flow of labor
There are today about 190 million people in the world who live in a country other than the one in which they were born-nearly 60percent of them are in rich countries.people migrate primarily for economic reasons,but some do so to escape political and religious oppression.the 38million foreign-born people who live in the united states represent 12.6 percent of the u.s population.of these,over 11 million,or nearly 30 percent,entered the nation illegally.most nations impose restrictions on immigration to reduce the inflow of low-skilled people.migration is generally more requlated than the international flow of goods,services and capital.
=Summary
>
4.Discuss the international flow of capital
In general,capital flows more freely across national boundaries than people.financial or portfolio capital generally move to nations and markets where interest rates are higher,and foreign direct investments in plants and firms flows to nations where expected profits are higher.this leads to the more efficient use of capital and generally benefits both lenders and borrowers.during the 1970s,middle eastern nations deposited a great deal of their huge earningsfrom petroleum exports in new york and london banks,which then lent them to latin american and asian governments and corporations.during the 1980s,japan invested a large chunk of its huge export earnings in financial assets and real estate and set up corporate subsidiaries in the united states.since the mid-1980s,the united states has become and increasingly large net borrower from the rest of the world to cover its excess of spending over production.global banks established branches in major international monetary centers around the world,nearly 2trillion dollar of foreign currencies are exchanged each day by around the clock trading in world financial centers,and newly established sovereign funds are making huge investments of all kinds all over the world.financial markets are globalized as never before.
=Summary
>