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theworldisbecomingmoreandmoreinterconnected
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neverbeforeinhumanhistoryhasthereexistedsuchanintenserelationship
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betweeninternationaltrade
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communicationandpoliticsthetermglobalizationisallaroundus
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sometimesasanopportunitysometimesasanewchallenge
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butwhatexactlydoesglobalizationmeanandwateritsramifications
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eventhoughthetermglobalizationisfrequentlyused
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itisnoteasytodefineonethingisclear:intoday'sworld
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economicenvironmentalsocialandpoliticalissuesandproblems
0:40
arenolongerlimitedtothenationallevelbecausetheworldhasbecomeso
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interdependent
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reasonablegovernancecanonlyberealizedwithinbroadergroupof
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stakeholders
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forexamplestateconfederationsuchastheEuropeanUnion
0:52
regionaleconomicorganizationsliketheOECD
0:55
portableworld
1:01
todaymoderncommunicationtechnologyandmassmedia
1:04
likeradioTVphonesorinternet
1:07
ourglobalstandardthismeansthatinformationcanbedistributedworldwide
1:12
inrealtimeataffordablepricesforinstance
1:18
theaveragepriceofatelephonecallfromNewYorktoLondon
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hasdecreasedby99percentsincenineteenthirty
1:24
did
1:28
internationalTVbroadcastersdeliverinformation
1:31
opinionsandculturalproductsthemostremoteareas
1:38
thecostfortransportationofproductsandpersonstrappedby65percentsince
1:42
nineteenthirty
1:44
duetolowfuelpricesandthedevelopmentofnewmeansof
1:46
transportation
1:48
inparticularcontainershippingairfreightcostshavedroppedevenmore
1:52
eighty-eightpercenton
1:56
thefreightchargespertonofcoffeedeliveredfromAsiatoEurope
2:00
onlycountsforonepercentpriceon
2:05
suchdevelopmentsaretheresultoftechnologicaladvancements
2:09
buttherearesomeaspectswhichwereintroducedpurposefullyaswell
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sincethenineteeneightiestherichermoreindustrializedcountrieswork
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towardsremovingtradebarriers
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suchastariffsimportquotasandfans
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worldwidefirstnewtechnologies
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decreasingtransportationcostsandtheliberalizationofinternationaltrade
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hasmadeitpossibleandprofitableformajorcompaniestoproduceandsell
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worldwidelet'stakeaglanceatthethreemainareasofglobalization
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theeconomicsphereisaparticularimportance
2:46
itisamajorcatalystforglobalization
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gainconsiderableadvantagefromtheirintegrationintotheworldeconomy
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theycanbuilduptheirfactorieswithforeigndirectinvestmentin
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infrastructure
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andselltheirproductsinternationallyduetothelowwagesinthesecountries
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theseproductsareverycompetitiveontheworldmarket
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Chinarepresentsaperfectexample
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howbroaderpopulationcanbenefittoit'sfasteconomicgrowth
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hasenabled$500millionchinesetoleaveextremepoverty
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ontheotherhand
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theirwholeregionswhoaresufferingmorethanthey'rebenefitingfrom
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globalisation
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thisisparticularlytrueformostsub-saharanAfricancountries
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suchcountriesarenotpreparedtofishinLi
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forTitaninternationalcompetitionthecheapproductsproducedbyindustrial
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anewlyindustrialisedcountriesbutthelocalmarketsanddestroylocal
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productionfacilities
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moreoverthesecountriesarenotattractiveforforeigninvestors
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thustheycannotwalkthesamerouteasthenewlyindustrializedcountries
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onglobalizationisboth
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threatanopportunityforindustrializedcountriesontheonehand
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theycanacquirenewmarketsfortheirindustrialgoodsontheotherhand
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they'refacingthecompetitionnewlyindustrializedcountries
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thecanproduceatlowercostsspecifically
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productionofsimplegoodisnolongerprofitableveryfewproducts
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liketextilestoysarewhitegoodspurcellproducedinindustrialized
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countries
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up
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onitbecomesclear
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iflocalizationtakesplaceatmanyareassuchaspolitics
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cultureandtheeconomydecliningcostsoftransportandcommunication
7:38
andthegloball
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