Major Players in Globalization

1
Major Players in Globalization

• HSB4M
• Chapter 10
• Unit 3 Social Challenges

2
Large Manufacturing Corporations

• Also known as
• transnationals
• multinationals
• What do they do?
• They sell goods, manufactured products
• Where do they do it?
• Production done in countries where wages are low
  and costs are low and taxes are low in order to
  make profit (developing countries). Products tend
  to be sold in developed countries to people who
  have disposable income.
• Role in globalization suppliers

Unit 3 Detour worksheet, Q2b
3
Large International Banks

• Such as RBC, HSBC (the worlds local bank)
• Why do they use these acronyms?
• To appear more generic
• What do they do? Sell financial services
  (financialization )
• Who benefits?
• Banks, corporations, the economy, financial
  elites (1)
• Negative consequences?
• Income can become concentrated in the hands of
  the wealthy (financial elite) income inequality
• Role in globalization facilitators

Unit 3 Detour worksheet, Q2b
4
International Governmental Organizations

• What do they each do?
• WTO World Trade Organization reduces
  restrictions on intl trade
• WB World Bank provides loans to developing
  countries
• IMF International Monetary Fund maintains stable
  exchange rates to increase world trade
• Role in globalization regulators/promoters

Unit 3 Detour worksheet, Q2b