Globalization

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The world is becoming more and more interconnected. Globalization changes how people consume, work and live almost everywhere on the world. Today, many economic, political, cultural or ecological relationships are not explainable from a national perspective. At the same time, a controversial debate about the consequences of globalization has begun.
But what are the main causes for globalization? In what areas it is most prominent? And who are the winners and looser of globalization?

These are the questions this animated Video clip of the WissensWerte series deals with.

WissensWerte is a project of the german non-profit organisation
It is realized by Jörn Barkemeyer and Jan Künzl
edeos- digital education

#Globalization #Explainer #Economy

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Hello people who are here because of their advanced english course in Germany

elizzleek

All the teachers in the comments asking for the script to use it at school
And I sit here with a bracket-text of the video's script and have to fulfill it as a homework.

karludwig

One of the best summaries I have ever seen about globalization. This realization of putting everything together has helped and will help a lot of students an professionals
Well done! :)

isabelkeil

Over many centuries, human societies across the globe have established progressively closer contacts. Recently, the pace of global integration has dramatically increased. Unprecedented changes in communications, transportation, and computer technology have given the process new impetus and made the world more interdependent than ever. Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely. As a result, laws, economies, and social movements are forming at the international level.

brownantony

Danke, Edeos. I have used this video in my high school economics classes many times.

jayc.villagomez

Thank you ! The best video about globalization! Clearly explained and well presented. I'm going to use it with my fifth year high school students this week.

caterinaschiavo

From an American perspective on globilization
#1 American workers are being merged into a global labor pool where they must directly compete for jobs with workers on the other side of the globe that make less than ten percent of what an average American worker makes. In such an environment, it's inevitable that jobs are going to flow away from areas where labor is expensive and to areas where labor is cheaper.

#2 Globalization has caused the U.S. trade deficit to absolutely explode. In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars.

#3 Today, the United States spends approximately $3.90 on Chinese goods for every $1 that China spends on goods from the United States. This represents a massive transfer of wealth from the American people to China.

#4 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

#5 The United States has lost approximately 42, 400 factories since 2001.

#6 The United States has already lost a 32 percent of its manufacturing jobs since the year 2000.

#7 Even high technology industries are leaving America. Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#8 In 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent.

#9 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#10 With so much manufacturing leaving the United States, is it any wonder why people can't find jobs? The "official" unemployment rate in the United States has been at nine and a half percent or above for 14 consecutive months.

#11 Today, there are at least 1.5 million "99ers" - those Americans that have completely exhausted all 99 weeks of unemployment benefits and that still do not have jobs.

#12 America's dependence on foreign oil also represents a shocking transfer of wealth from the American people to the oil exporters of the Middle East. Back in 1980, the United States imported approximately 37 percent of the oil that is use. Now they import nearly 60 percent of the oil that they use.

#13 Energy imports account for about approximately one-fourth of the U.S. trade deficit.

#14 In states such as Mississippi, people spend approximately 6.35 percent of their incomes just on gasoline, according to a recent report by the National Resources Defense Council.

#15 Americans end up paying to support American workers one way or another. Either they buy American-made products and services that provide jobs for American workers, or they pay to support unemployed American workers on welfare. Today, over 42 million Americans are on food stamps. A record number of Americans are receiving long-term unemployment benefits. One way or another, Americans are going to pay to take care of American workers.

#16 The U.S. trade deficit is running about 40 or 50 billion dollars a month in 2010. The United States spends 40 to 50 billion more on goods and services from the rest of the world each month than they spend on goods and services from themselves. That means that by the end of the year, approximately half a trillion dollars (or more) of their wealth will have left the United States for good.

#17 All of this wealth leaving the United States is having a huge impact on the standard of living of the average Americans. Ten years ago, the United States was ranked number one in average wealth per adult. In 2010, the United States has fallen to seventh.

#18 It's now just a matter of time until India is going to pass us as an economic power. In fact, the economy of India is projected to become larger than the U.S. economy by the year 2050.

#19 It's now being projected that China will soon dwarf America as an economic power. One prominent economist now says that the Chinese economy will be three times larger than the U.S. economy by the year 2040. According to one recent study, China could become the global leader in patent filings by next year.

#20 China has been accumulating a gigantic mountain of dollars from all of the wealth that has been sending them each month, and they have been lending massive amounts of money back. Over the past few decades, the communist Chinese have been able to accumulate approximately $2.5 trillion in foreign currency reserves, and the U.S. government now owes them close to 900 billion dollars. They constantly have to send top government officials over there to beg them to continue to lend money. This is a direct threat not only to the financial system, but also to national security.

So, in light of those facts, anyone out there that can defend the position that globalization is good and that they should be happy that they're being merged into a one world economy?

Sadly, there's few politicians in either major political party that will talk of the negative effects of the emerging one world economy, almost as if there's an unspoken consensus that globalism is the future and that it is a good thing for America and other countries.
But it is not a good thing for America. Unless fundamental changes are made, America will continue to bleed wealth, will continue to bleed factories and will continue to bleed jobs.
The American people should grow some backbone and start saying "NO" to globalization, otherwise, If allowed to continue to vote for politicians that support merging their economy with economies that allow workers to be paid slave labor wages, then they're going to see more waves of horrific unemployment which will continue to see the standard of living of middle class Americans diminish.

This is not a drill. America is being de-industrialized. One of the greatest economic machines in the history of the world is being dismantled.
Eventually, all cities are going to end up looking like Detroit at worst if this is to continue.

JackBlack-cywp

Where did the stats come from people? I'd love to be able to use these in an essay...

KarlJOgden

Sana all fast learner ghadddd I am watching this for some school activities

kishiimayi

I was looking for a good video clip on globalization for tomorrows social science class, and I searched through quite a few before I found this, which is definitely the best! :)

Trym

I'm writing an exam tomorrow about exactly this topic with exactly these sub-topics. I wonder where my teacher's got the information from... :D

ZardoDhieldor

assignment in the contemporary world, had to make an essay due in one hour 😭

erisan

Please can you tell me where the information/statistics on this video came from? It's really interesting and I want to use some of the information in my globalisation essay. Thanks in advance.

Provision

Thanks as well, I have a 10-15mins presentation on Globalization in Interior Design and this would be a good definition of what Globalization is!

TheNoobComment

The video is very well designed !! But to me I can hardly say that those countries are the winner of globalization. In developed countries(UK, France, USA), banks and multinational companies win, but factories and workers lose their jobs because of the deindustrialization, that leads to the rise of Trump, FN(France) and Brexit. In developing countries, the ensemble of the economy of the country grow(collectivism praise this), but the workers have been exploited and environment has been destroyed(democracy is against this). But sub-saharan countries, limited by the great power like US, Europe, Russia, China, seems to have no hope to develop truly.

onwun