Transcript Growth and Globalization Part II

Growth and Globalization Part II
Globalization and
the emergence of a
multipolar world
I. The Age of Globalization
A. Fall of USSR/Communist model
affirmation of liberal capitalist
model
 Free market globalization
permeates everywhere

1980-1990 major changes (PCs, Internet,
flow of information and money, FDI (foreign
direct investment)
 Importance of Multinational Corporations
I. The Age of Globalization
Canadian documentary: The Corporation
Video: Chapter 1: What is a corporation?
II. The USA: From Superpower to
Crisis
A. The U.S.: the Hyperpower
I come today not to talk about the new marvels of science and engineering. . . .
The
“Big
butofnot
for shifts
long…
Instead,
I comeWinner”
to MIT, an epicenter
the seismic
in our economy and society,
to talk about how we can and must apply enduring American values to this
Development
ofresponsibilities
high technology
& to include every
revolutionary
time--about the
we all have as citizens
American in the promise of this new age. . . . Today, I ask you to focus on the
challenges
of the Information
Age. . . . We can extend opportunity to all Americans
service
industries
or leave many behind. We can erase lines of inequity or etch them indelibly. . . . The
tools
we develop todayall
are bringing
barriers of race and gender, of income
Outranked
worlddown
competitors
and age. . . . For the very first time in our history, it is now possible for a child in the
most
isolated prosperity
inner-city neighborhood
or rural community
to have access to the
Great
in
1990s
–
same world of knowledge at the same instant as the child in the most affluent
suburb. Imagine the revolutionary democratizing potential this can bring. Imagine
Clinton
the enormous benefits to our economy, our society, if not just a fraction, but all
young people can master this set of twenty-first century skills. . . .
Source: Bill Clinton’s graduation speech at M.I.T. June 1998
II. The USA: From Superpower to Crisis
Video: The 1990’s: Boom Time in America
B. A Fragilized Status
 9/11
 Afghanistan 2001
 Iraq 2003
 Sub-primes crisis 2007
 Global financial crisis 2008
How can you explain the various peaks and falls on the graph?
III. Affirmation of a Multipolar World
A. Weakening of American power partly
explained by growth of emerging powers

diverse strong points

new powers of 21st century

2010 China becomes 2nd
world economic power
(beating Japan)

world economic balance will see radical
change in next 2 decades
III. Affirmation of a Multipolar World
TED Talk London. Understanding the Rise of China, by Martin Jacques 2010
B. Affirmation of BRICS confirms the breaking up
of the former “Third World”
1. Emerging powers catching up with
developed countries
2. Developing countries (esp. LDCs)
low irregular growth rate
marginalized & excluded from globalization
Each country’s size based on GDP per
person
Concentration of GDP around the
world
Reading Homework
1/The Unfinished Nation Read Chapter 34:
The Age of Globalization
pp. 923- 929/939-947
Will be scanned on the blog!
2/ “The Puny Superpower: America’s role in the
world is steadily shrinking, and that’s nothing
to celebrate.” Newsweek 2013