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Societal Consequences of Market Globalization Gamze Dalçiçek 10090991256

Consequences of globalization

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Page 1: Consequences of globalization

Societal Consequences of Market Globalization

Gamze Dalçiçek10090991256

Page 2: Consequences of globalization

Consequences of Globalization

Loss of National SovereigntyOffshoring and the Flight of JobsEffect on the PoorEffect on the Natural

EnvironmentEffect on National Culture

Negative Societal Consequences of Market

Globalization

Page 3: Consequences of globalization

1.Loss of National Sovereignty1.Loss of National Sovereignty

Sovereignty is the ability of a nation to govern its own affairs.

One country’s laws cannot be applied or enforced in another country.

MNE activities can interfere with the sovereign ability of governments to control their own economics, social structure, political system.

Negative Societal Consequences of Market

Globalization

Page 4: Consequences of globalization

1.Loss of National Sovereignty

Some corporations are bigger than the economies of many nations such as Wal-Mart

Negative Societal Consequences of Market

Globalization

Page 5: Consequences of globalization

Wal-Mart’s internal economy is larger than the GDP of most of the world’s nations, including Greece, and Polond

Negative Societal Consequences of Market

Globalization

Page 6: Consequences of globalization

Negative Societal Consequences of Market Globalization

Page 7: Consequences of globalization

1.Loss of National Sovereignty

Large multinationals can exert considerable influence on govertments through their economy.

Negative Societal Consequences of Market

Globalization

Page 8: Consequences of globalization

2.Offshoring and the Flight of Jobs

Offshoring is the relocation of manufacturing and other value chain activities to cost effective locations abroad.

Offshoring has resulted in job losses in numerous mature economies.

Negative Societal Consequences of Market

Globalization

Page 9: Consequences of globalization

Negative Societal Consequences of Market

Globalization

Page 10: Consequences of globalization

3.Effect on the Poor3.Effect on the Poor

Multinational firms are often criticized for

Paying low wages

Exploiting workers

Employing child labor

Negative Societal Consequences of Market

Globalization

Page 11: Consequences of globalization
Page 12: Consequences of globalization

4.Effect on the Natural Environment

Globalization can harm the environment by promoting increased manufacturing and economic activity that result in

Pollution Habitat destruction Deterioration of the ozone layer.

Negative Societal Consequences of Market

Globalization

Page 13: Consequences of globalization

5.Effect on National Culture

Globalization exerts strong pressures on national culture.

Globalization can change people’s norms,values and behaviour,which tend to homogenize over time.Negative Societal

Consequences of Market Globalization

Page 14: Consequences of globalization

People and natural environment are influenced negative consequences of globalization.

Negative Societal Consequences of Market Globalization

Conclusion