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Schumpeter

1. What is the thesis of the article ?



The thesis of the article is that globalization is happening whether we like it or not, and that we
have to nd a way to deal with it in order to avoid all of the worlds cultures becoming one. We
must nd a way to keep diversity even with the presence of globalization.

2. What is meant by global money? McWorld? The world if at?

Global Money:
Global Money is the idea that all of the worlds cultures and goods are coming into one and that
you can use any currency to buy anything (due to the internet), in theory it means that the world
only has one type of money.

McWorld:
McWorld is a term used to reference the spread of McDonalds all over the world due to
globalization but more generally used to describe the spread of services and commercialization
of goods as an element of globalization as a whole.

The world is at:
The World is Flat is a novel written by Tom Friedmanite, that analyses globalization. The title of
the novel is a metaphor for viewing the world as a level playing eld in terms of commerce,
where all competitors have an equal opportunity.

3. What is the evidence that globalization is not a pervasive as some people believe?

Pankaj Ghemawat made some statistics about world today, that show us that globalization is not
as pervasive as some people believe, because many indicators of global integration are
surprisingly low. Some of them are:
-2% of students are at universities outside their home
-3% of people live outside their country of birth
-7% of rice is traded across borders
-7% of directors of S&P 500 companies are foreigners
-less than 1% of all American companies have any foreign operations
-exports are equivalent to only 20% of global GDP













Why your world is about to get a whole lot smaller and more beautiful

1. What is the thesis of this article?

The thesis of this article is that even if and when the massive changes that will be associated
with the raise of oil prices will pose challenges, the world with less cars on the road (or other
non-environmentally friendly utilities) will not only make our world more sustainable but in many
ways a more livable and enjoyable.


2. What are the implications of Robins thesis? Good and Bad (advantages &
disadvantages)
The advantages mentioned by Rubin are that we will live in a more sustainable, livable and all
around better world. A country with a higher rate of development with less vehicles, which leads
to less air pollution and with more cycling, which is benecial to the human body will end up
depopulation the suburbs which will leave more place for permaculture farming and will reduce
trafc, which also helps the environment. Car culture will still exist, but technological advances
will allow there to be more eco-friendly vehicles. The author also states that the increase in oil
prices will discourage shipping and gas consumption which will ultimately help our environment
and the world we live in.
However, Rubin also states that the drastic changes in oil prices will business planning virtually
impossibly and will put the world economy in recession.


3. Dene: GDR; GNP; GLOBALIZATION

GDR:
The Global Depositary Receipt is a bank certicate issued in more than one country for shares
in a foreign company. The shares are held by a foreign branch of an international bank. They
are traded as domestic shares but are also sold through out the world in various bank branches.

GNP:
The Gross National Product is the total value of all nal goods and services produced within a
nation in a particular year, including the income of citizens of that nation located abroad but
does not include the non-citizens residing in the country.

Globalization:
Globalization is when investment funds and businesses move beyond domestic and national
markets to other markets around the world, thus increasing the interconnectedness of different
markets. Globalization has had a major effect on the global market, not only international trade,
but also cultural exchange. -exports are equivalent to only 20% of global GDP

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