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zakruti.com » Knowledge, science, education » Crash Course
Globalization and Trade and Poverty: Crash Course Economics #16

Globalization and Trade and Poverty: Crash Course Economics #16

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Rating: 4.0; Vote: 1
What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint. Anyway, Jacob and Adriene can explain the whole thing to you in 10 minutes
Date: 2022-04-04

Comments and reviews: 10


Vegans live longer and healthier on average, while animal-based diets correlate to 14/15 leading causes of death. -
A vegan diet is also the only diet shown to reverse heart disease, our number one killer. Check out sources to Cowspiracy for more info on environment, and Caldwell Esselstyn, Dean Ornish, Neal Barnard, Michael Greger, Joel Kahn, John McDougall, and various other experts on health. -
Bottom line, there's no justification to be consuming animals when it is such an unnecessary act of overlooked violence to the planet, our bodies, and most importantly the animals who get raped into existence by the billions and stabbed in the throat every second. -
We will put someone in jail for hurting animals for no good reason, yet here we are consuming meat and dairy simply because we won't give up the taste, or because of some endless list of easily debunked nonsense people rather believe first before a peer-reviewed, unbiased consensus: Meat and dairy suck for our bodies, while beans, legumes, nuts, seeds, grains, fruits and vegetables don't. No need to get sucked into corrupt -magazine miracle- diets. Healthiest people on earth = Beans, legumes, nuts, seeds, grains, fruits and vegetables. -
If you have any respect for the peaceful animals we exploit -- fish, chicken and everything else -- please go vegan.

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Globalization destroyed the Venezuelan economy. The fact that it was a Socialist regime made matters worse. World financial institutions exploit by means of cheap labor and debt. Leaders of these underdeveloped countries can either work to improve conditions in their countries since arguably they have the means and capability to provide the resources and tools to enable people to succeed or they can forego the labor intensive work necessary for progress and hoard the wealth and resources for themselves. Globalists take advantage of these conditions and cannot gaurantee gainful employment or prosperity in any region but their own which also requires loyalty. to their fellow countrymen. 1% and 99% Globally is more like it.
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For the deforestation (and poaching) aspect of things perhaps wealthy countries should pay for a UBI to the poor but environmentally rich countries to preserve those things -call them global treasures, which is what they are, and pay out the otherwise uncalculated benefits they provide the rest of the globe. Brazil deforests for money, but that deforestation costs us -even financially- so let's cut out the deforestation step and give them that money outright. However make it contingent on independently monitored goalposts of preservation. If a certain amount of forest or endangered animals are destroyed or killed, no money.
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Globalization and free trade is an illusion that will keep all labor poor forever. What those people need instead is rule of law that would prevent exploitation by their elites. China is a good example of said exploitation in a globalized context.
The second problem is that in by undercutting Western labor, Westerners were forced into debt. That is what caused the financial crysis of 2008, and it will happen again eventually crashing the world economy.
The West should have been exporting trust - the rule of law, democracy etc, instead of importing cheap products.
But its not to late to start fixing that.

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Here's the thing about globalisation: it is within a developed country's power to demand that companies that operate within it to maintain a certain standard of ethics if they desire to operate inside that country.
I feel that this approach to globalisation almost deserves the otherwise nonexistent classification of micro-globalisation, since this is focusing on a very particular thread and not all of many other broader, intersectional ways that globalisation can be the proponent of change and global elevation.

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You could have mentioned max havelaar label. When you found this label on a product it means that this company has respected fair trade standards and pay their employees in good wages. Many companies started to put this label and participate in the fair trade progress like strabucks. So our job as a consumers in order to fight poverty and low wages to look for this label in the products and make the choice to pay a little higher in order to help people who work in developing countries.
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The problem of philippine economy are the value of own language, senate talks and debate spoke english while ordinary filipinos didnt understand them unlike japanese politics speaks their own language, hard labor workers like carpenters, constructions workers, mechanics, fishermen, farmers etc are uneducated, unlike norway atleast 2yr courses available in the country, poor family mostly have 10 children, lastly trade deficit
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hi jacob and adriene, first of all congratulation to both of you and your whole team because you guys are doing wonderful job. i have enjoyed your video a lot and i have one request to make, could you please make videos on burning global economic issues like trade war etc and it's impact on various countries. i'd really be grateful to you guys.
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Don't worry. God will fix it. He tried letting us handle the problem and obviously WE SUCK at fixing it! So now He's going to come with a plan that going to change everything and help everyone. and I mean EVERYONE. God is Good. Yes All the Time.
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It's so sad so many people are still living in poverty. I'm definitely going to try to shop more sustainably; I don't want to be supporting sweatshops. No one should be treated like that.
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