Unit 49 One World, One Economy The trends toward globalization began in earnest in the 1970s when the system of fixed exchange rates, set up after WW II, was disrupted. This meant that the value of currencies would now be determined by the markets instead of individual governments. Over the next two decades, countries slowly began to remove their exchange controls. By 1990, nearly all major economies had got rid of restrictions on how much money could be moved in and out their countries. Other factors contributing to the rise of globalization are new communications technologies, and better transportation systems. These have enabled companies to grow into multinationals -- producing goods on one side of the planet and selling them on the other. Lower costs have also helped -- the price of telephone calls, for instance, is cheaper now than at any time in history. But adjusting to this "economic order" is proving difficult. In the developed world globalization is facing widespread public resistance. Critics complain that, without the protection of trade barriers, jobs are being lost to workers in poorer countries, and wages for employees in rich counties are stagnant, except for a privileged few. Opponents of globalization also point to its effects on the workers in poorer countries. They agree that multinationals may be helping to reduce unemployment in the developing world, but they argue that the jobs are hardly worth having since they are low paid and exploitative.Those in favor of globalization accuse their critics of being shortsighted protectionists. They claim a more integrated global economy will ultimately benefit everyone because it will enable countries to specialize in those areas where they perform lest. Developing countries, with their higher populations and lower wages, will concentrate on labor-intensive industries, such as raw materials and manufacturing, in much the same way as Western countries did during the industrial revolution. The ricer countries, on the other hand, will diversify into hi-tech industry. The effect of this, say supporters, will be to improve productivity in all countries, leading to higher living standards. The free movement of capital will also help poorer countries to develop so they can play a full and active role in the world economy. Even supporters of globalization acknowledge, however, that there will be losers. At present, those suffering most are people working in labor-intensive industries in the developed world. Without the protection of trade barriers and the welfare states, their chances of improving their skills and living standards will disappear, resulting in a growing divide between rich and poor. But how close are we to a truly global economy? For the losers, probably too close. But in terms of real economic integration, there is still a long way to go. What is really holding globalization back is the lack of labor mobility. Labor markets remain overwhelmingly national, even in areas like the European Union, where citizens live and work in any EU country. The main reasons for this are language and cultural barriers; the lack of internationally-recognized qualifications; and, in some areas, strict immigration controls.
永远的天使 Forever Angel
新年英文祝福语集锦
体坛英语资讯:China beat Ukraine 5-0 to win CFA Womens International football tournament
国内英语资讯: China urges U.S. to watch how it talks about the South China Sea issue
John graduated from a key university and he was very 完形填空答案
武装分子袭击索马里酒店至少20人丧生
世界首辆狗狗观光大巴亮相伦敦
国内英语资讯: China cuts retail fuel prices
国际英语资讯:Italy hotel avalanche death toll rises to 24, 5 still missing
国内英语资讯: China questions U.S. duties on Chinese truck, bus tires
国际英语资讯:Arrest warrant issued against fugitive Brazilian millionaire
体坛英语资讯:Barca book semifinal place in Copa del Rey
看看这15种健康食物哪个适合你
新春游戏:你能在这一群母鸡中找出公鸡吗?
风靡全球的旋转舞者转向测试 其实是胡扯?
德国设计出反性侵内裤 价格昂贵多国抢购
国际英语资讯:Chinese leaders extend Spring Festival greetings
体坛英语资讯:Red Star beats Panathinaikos for 7th consecutive Euroleague victory
白宫成金宫 特朗普把总统府邸装成啥样
体坛英语资讯:Joel Embiid, Kawhi Leonard named NBA Players of the Week
春节黄金周出境游火爆 多地放松签证要求抢分蛋糕
Hi, Janice,It’s been a month since I came to this school and I really 短文改错
A few years ago, I took a sightseeing trip to Washington, 阅读理解答案
奢侈品果然没放过鸡年 但对中国风你们误会了
想创业 听听马云的忠告
在校大学生究竟该不该自主创业?
国际英语资讯:Trump wants 20-percent border tax on all imports from Mexico
国际英语资讯:UN envoy to hold talks with Gambias new president
国际清廉指数:转向民粹领袖可能会让腐败加剧
体坛英语资讯:Ex-Brazil midfielder Elias set for Sporting exit