[ UNIVERSITY OF MALAYA

]

WORLDBEATER,INC AND A WORLD VIEW
[TUTORIAL 4]
ANBUARASU SUKUMARAN EEE070026

FACULTY OF ECONOMICS / INTERNATIONAL ECONOMIC ISSUE / 2008 / EXEE2108

WORLDBEATER, INC PRO’S
 Bringing

CON’S
 Exploit workers and natural resources

advanced technology to poorer countries and low-cost products to wealthier ones role in global

with no regard for the economic wellbeing of any country or community  High wage workers lose their jobs
 Make it harder for government to

 Plays important investment

 Play a key role in spread abroad the technology around the globe  Produce cheapest sources of labour  It’s also forces government to be more careful before imposing costly  Mergers and acquisitions of multinational companies help other companies to achieve economies of scale in marketing and distribution (allows well managed companies to take over poorly managed companies)  Allow entire world to improve their standard of living and provide access of quality product to entire world regardless of place  Providing new economic opportunity for local economies  Have a wider market. Huge market has been created domestically and internationally

raise revenue, protect the environment, and promote worker safety (a fall in social protections)  Give impacts on local traditional economy  Brings locally cultural homogenization

 Exert power in a exploitative way (manipulate)

A MARKET VIEW PRO’S
 Huge increase in the capacity of Broadcasting.  Language and culture helped create market for American exports  Falling cost of distribution, as digitization has cut annual operating cost

CON’S
 Many people resent what they see as foreign influence on national politics  Some worry that this foreign invasion will destroy local cultures  Others fear of homogenization of distinctive national and regional taste  European broadcasters in particular have become huge markets for imported Television programming. As a result, this continents runs a large and growing account deficit  Global competition threatens the survival of the high cost programming that many state owned broadcasters in Europe produce

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