SAFIAH OMAR

AIDA YUSOF
NORFIZA CHE YAHAYA
HIJRAHTULL AQMAL BASET
 INTRODUCTION
• The purpose of writing the book is to
address a different approach to manage
globalization.
• He addressed a few key areas and
recommendations for improvement.
• It is a question of whether his views and
approaches are realistic.
POVERTY ERADICATION
 DEBT
DEBT Development POVERTY

• Poor/developing countries borrow a lot to finance

development
• Lenders over-lend without reviewing the borrowers
repayment capability.
• IMF bail-out seem to support lenders and further
depress the borrowers.
 RESOURCE CURSE
• Resource rich countries are mostly poor
– Poor governance
– Not well informed
– Vulnerability due to the country’s instability

• Role of International Organizations

– Monitor trade agreements (fairer terms)
– Develop code of conduct.
– Implementation of rules & policies
– More transparent and fairer representaion.
 EQUAL DISTRIBUTION OF
WEALTH
OPPORTUNITIES CAPABILITIES WEALTH

Stiglitz
• Developed countries should share part of their wealth & open trade
for poorer countries.
• Socialist approach. It is the right for everybody to gain from
globalization.

Human nature to work to become superior over others. After all,

globalization is about the survival of the fittest.

Instead of giving monetary support, promote the sharing of

knowledge and education (the means to get wealth)
FAIR TRADE
 FAIR TRADE
Stiglitz suggest:

Better market access for poor countries

Making room for industrial policy
Cutting farm subsidies in rich countries
Getting risk of escalating tariff on
developing country exports with higher
value-added content
Freeing up international migration
Attracting rich countries’ non-tariff
barriers to trade
 Issues:

Does fair
trade affect
the SMEs?

How to ensure What is wrong

fair trade? with WTO
and IMF?
NON-MATERIAL ASPECTS
 NON-MATERIAL ASPECTS

Global Warming Human Rights CSR vs BSR

• Kyoto Protocol • Employment & Brain • Socialist Approach

• Carbon Taxes Drain • Capitalist Approach

• Patent vs Humanity
 CONCLUSION

• Integrated Globalization
• Idealistic VS Realistic
• Good Governance
 Credibility & Ability
• IMF and World Bank
(Transparency)
• For the Future!
• Believe!!