Some good points of view for a globalized economy.

Experts argue that falling trade barriers allow firms to move manufacturing activities to countries where wage rates are much lower. For example, due to the entry of China, India, and some Eastern Europe states into the global trading system, is estimated that the rate of labor have quadrupled between 1985 and 2005.

In Addition, supporters of globalization argue that free trade will result specializing in the production of those goods and services that the countries can do better, and then importing the product that they cannot produce efficiently.

Also, is worth noting that the wage gap between developed and developing nations is closing as developing nations experience rapid economic growth.

Did you know?

Drivers of Globalization

Two macro factors underlie the trend toward greater globalization.

1. Declining Trade and Investment Barriers to the free flow of goods, services, and capital that has occurred since end of WW2. Firms exporting and investing in foreign countries.
2. Technological change, particulary the dramatic development in recents years in communication, information processing, and transportation technologies.

BEST GLOBAL BRANDS

2008 Rank	2007 Rank	Brand	Country of Origin	Sector	2008 Brand Value ($m)	Change in Brand Value
1	1		United States	Beverages	66,667	2%
2	3		United States	Computer Services	59,031	3%
3	2		United States	Computer Software	59,007	1%
4	4		United States	Diversified	53,086	3%
5	5		Finland	Consumer Electronics	35,942	7%
6	6		Japan	Automotive	34,050	6%
7	7		United States	Computer Hardware	31,261	1%
8	8		United States	Restaurants	31,049	6%
9	9		United States	Media	29,251	0%
10	20		United States	Internet Services	25,590	43%

Globalization Index

Try to guess which are the most globalized countries....US?, UK?, Germany?, Japan?....

According to KOF index, measuring three main dimensions: economic, social and politcal; the top 10 globalized countries are the following:

1. Belgium
2. Ireland
3. Netherlands
4. Switzerland
5. Austria
6. Sweden
7. Denmark
8. Canada
9. Luxembourg
10. Hungary

Any guess right? haha

WELCOME

Hello, my name is Ignacio Velazquez, and this a school project. Globalization is the main topic; this is not a pro-globalize or anti-globalize posture, and some are articles taken from newspapers or webpages.

Leave any comment, or complain.

Thank you, and enjoy.