Globalization: Winners and losers in world trade (1/2) | DW Documentary

Globalization used to be a guarantor of economic growth. No longer, and the losers are poorer nations. They have restricted access to global markets and are largely excluded from beneficial labor migration.

Unfettered access to the world’s economic markets should boost prosperity and foster peaceful international coexistence - in theory. But which countries take advantage of the opportunities presented by global competition? And which countries avoid it, preferring to protect their economies at the expense of the poor? And why does free global trade preach the unrestricted movement of goods, while setting limits on labor migration? With these questions and contradictions in mind, we travel through the US, Peru, Senegal and Europe.

An agreement with China means the former steel producing center Duisburg is eyeing a renaissance. America, on the other hand, blames China and globalization for its declining steel industry. Billions of US dollars are invested in domestic industries and agriculture as part of the country’s "America First” policy stance. This has a detrimental effect on poorer nations. For example Peru, a nation left behind by globalization that’s making little progress in the fight against poverty.

When it comes to worldwide migration, there are clear winners and losers. Spain’s farming sector is starved of workers, while the EU resists immigration. In countries like Senegal, where illegal fishing and the appropriation of farmland by international concerns has left people destitute, migrants are leaving in search of a better life. One of the chief beneficiaries of globalization is China, whose migrant workers represent the confidence and strategy of their powerful homeland. "Globalization in Crisis" is a two-part documentary telling the stories of those who benefit - and those who suffer - as a result of globalization.

[Part 2 online next week]

#documentary #dwdocumentary #globalization
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[backattackjack]

DW should get an award for pumping out the large number of high-quality documentaries it does. And all foreign languages are translated with audio, so I can set my phone down and just listen. Fantastic work DW.

[baremysoulu]

You know, I've been driving rideshare quite a bit lately. I've had the opportunity to sit and chat with many of our newer generation. They are truly smart, considerate of the environment, less interested in domination, and more interested in creating a better world. Such a valuable resource we have which gives me so much hope for a better tomorrow globally.

[uncommon_name]

What I like about you DW guys is that your documentaries ask the important questions.

[hairyjohn]

We're watching corporate and government greed. That's the real problem.

[lim]

"Globalization in Crisis" illuminates the complexities of our interconnected world, highlighting both its opportunities and challenges. It's a thought-provoking journey that encourages reflection on the global dynamics shaping our lives. Thank you for shedding light on these important issues.

[enriqueali]

What are the most important metrics, especially for the developing world, where almost 70% of the world's population live?
1.Increased life expectancy
2. Increased access to safe and drinkable water supplies
3. Increased access to basic food supplies
4. Increased access to basic health services
5. More opportunities and equality for women
5. Less regional and international areas of conflict, and less severity/ intensity in areas where conflict still exists.

[serendipity]

Thanks DW. I just started watching your documentaries from Azerbaijan. Very informative and well done!

[somaghosh]

Winners and losers in World Trade! - very interesting topic.
Well done DW💯.

[redthepost]

This doc is brilliant. Thank you DW. Thank you farmers and steelworkers.

[meejinhuang]

Corporations and billionaires have profited the most from globalization.

[mertozelmusic]

You guys make the most decent, well elaborated documentaries. Vielen Dank!

[CodingExpress]

I really love the story telling abilities and style of DWTv, they are just my best favorites for many years! Keep it with such detailed and beautiful presentations always! Cheers!

[Johnnykgb-nsa]

The lost of some American industry to China means less job's in America, more job's in China, less taxes paid in America, more paid in China, but the companies that moved still sell their products for the same amount. The owner's, stockholders, just make more money. So, the only one that has lost, is the American people.

[murray]

Share holders, and people who own the companies are the winners, and the rest of us are the losers....

[marcellotrull]

As a senior in college I had a year long research project concerning NAFTA. Interestingly the big winners were college educated Mexicans. The poorest still experienced wage stagnation, while low “skilled” American and Canadian workers took hits as well.

[thedude]

Subsidies and global markets really fuck everything up, you could say "everybody has to play with the same rules" but that means the lowest economies can't compete because the initial cost is soo much higher benefitting the bigger players. No rules benefit the lowest players because of the invers reasoning. It is almost like you can't plan it, but with the ongoing years the private equity firms and ceo become richer and richer

[jpcolindesign]

Global Trade is fine when all parties operate in good faith. How can countries with no economic or political power negotiate trade deals beneficial to their people when they are over a barrel? Beyond that, how many developing nations who are known to have corrupt political systems, can ultimately see any benefit trickle down to its citizens when most deals are made out of sight of the population? Globalization is beneficial to the few, but not the many. It is a necessary process, but it's not being used in an ethical manner at this point. Thanks for the cool documentary.

[Danny_Handford]

Whether it is globalization or nationalism, someone always profits and some of the ones that profit will be greedy that will not care how they make their profits and use their profits to gain power, status and notoriety with little or no regard for human life or the environment. Having said this, there will also always be some that will use their profits to work towards peace, fairness, justice and to promote honest and respectful ways for businesses to compete in the economy so that humans can continue to make progress on how to share the land and the resources on this planet in sustainable ways. I hope and remain optimistic that the ones that work toward peace and fairness will always have a majority.

[petergorm]

DW is always relevant! Thank you for always staying on top of things. No channel is even close to being second to you. Huge respect.

[lokechanmun]

When the Chinese took over the Sri Lanka port, at least they paid for it. The British took over the whole country by force and paid nothing to the Sri Lankans.