When borders don't matter: development and global culture - Globalization and disquiet
3 important questions on When borders don't matter: development and global culture - Globalization and disquiet
What are key dilemmas about globalization?
- In addition to the profit-and-loss dimension of the individual business decision, the phenomenon of international corporate migration involved questions of local and national identity, and the often-conflicting claims of shareholder and local community.
- In the relentless pursuit of higher returns for the former, the complex question of whether or not networks of national, regional, and local responsibility should inform business decisions was raised by vocal opponents of increasing globalization.
What do opponents of globalization say?
These opponents alleged that corporate migration overseas was driven exclusively by greed, as businesses sought to reduce costs and avoid domestic health, safety, tax, and environmental regulations.
What requirement was there for development aid after the Cold War?
- After the end of the Cold War, development aid to poor nations came with the requirement that states privatize major government-led enterprises and adopt strict fiscal austerity measures.
- There was an expectation that privatization would reduce needless bureaucracy, tamp down on corruption, and power lasting economic growth.
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