A cottage industry on globalisation has emerged from which academics and intellectuals make a living by writing articles and travelling the world debating with others. ... The flaws in the policies can be seen from the discussion below. ... By blocking access to the market, rich nations end up depriving poor nations of an opportunity to improve their living standards. ...
According to Macionis and Plummer (1997, p.420) "capitalist economies produce a higher overall standard of living but also generate greater income disparity." ... If you took food out, it would be an enormous advantage to high-income earners- Yet according to the ACOSS Fact sheet on Poverty issued 22 October 1998, "over 2 million Australians are currently living below the poverty line." ... This will create a loss of business from those members of the public on low incomes who simply cannot afford the increased living expenses. ...
This gap is considered necessary to induce the transformation from the subsistence sector to make up for the higher cost of living in an urban area or the psychological cost of transfer. ... This idea in the model can be demonstrated in Figure 2, below; Figure 2: shows how the capitalist surplus (WN1 Q1) increases at a constant wage (W). ...
benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states and non state actors alike, that attempt to resist these often ill defined phenomena captured by the all embracing notion of 'globalisation'. For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do...
