CREATING

A. SMALL GROUP DISCUSSION

Guide Questions:

1. Why is the study of globalization termed, historical globalization?

- Historical Globalization, this happens especially through trade and economic policies, which
make it easier to exchange goods and ideas between countries. One should first examine it as an
historical period. Why is Globalization an historical phase, because it evolved hand in hand with
the collapse of communism and the end of the Cold War era - both of which were political
events that created a new phase in the history of the twentieth century. the world is
interconnected through technology since people can now trade on social media.

2. Explain the roles of international financial institutions in the creation of a global economy.
- This role includes advising on development projects, funding them and assisting in their
implementation. Institutions strongly affect the economic development of countries and act in
society at all levels by determining the frameworks in which economic exchange occurs. They
provide critical capital, knowledge, partnerships, help manage risks and catalyze the
participation of others. They support the kind of entrepreneurial initiatives that help developing
countries achieve sustainable economic growth. Institutions also have an important
redistributive role to play in the economy, they make sure that resources are properly allocated,
and ensure that the poor or those with fewer economic resources are protected.

3. What are the attributes of global corporations?

- Supposedly better service, better control of you and your purchase of the product. Major
corporations buy out small competitive for ridiculous prices to maintain this control.

4. Do global corporations do good or harm? Cite examples.

- Globalization is having a positive and negative effect for us. The positive effects include several
factors which are education, trade, technology, competition, investments and capital flows,
employment, culture, and organization structure, but they’re some of the negative impacts
include They may pollute the environment, run risks with safety or impose poor working
conditions and low wages on local workers. It brought a tremendous impact in the world while
on the other hand, it also gives negative effects.

FILM VIEWING

Watch the film, The Corporation directed by Mark Achbar and Jennifer Abbot. Write a film review

or reaction paper with the aid of the guide questions. Properly cite references when you use facts

and opinions that support your claims.

What is your general impression of the film?

- The Corporation" is not a film my dinner companion would enjoy. It begins with the unsettling
information that, under the law, a corporation is not a thing but a person. In fact, the corporation
is so driven by self-interest and financial greed that it fits the psychological description of a
psychopathic person.
 What is the general storyline of the movie?

- The documentary shows the development of the contemporary business corporation,

from a legal entity that originated as a government-chartered institution meant to affect
specific public functions to the rise of the modern commercial institution entitled to
most of the legal rights of a person.
Who are the actors who play major characters?

- CHARACTERS: Chris Barrett, Noam Chomsky, Michael Moore, Howard Zinn

What are the strengths of the film? What about the weaknesses? What evidences prove these in relation to

your opening paragraph.

- Strength- Divided in three one-hour episodes, the documentary succeeds in showing to the

viewer the various negative aspects of a business corporation, which often gets little attention in

the mainstream and media and popular discourse. One of the major themes of the documentary

film is the damage done to the enviroment by large business corporation. With commercial

profitablity being their primary motive,many large corporations neglect to address the negative

impact on the environment.

- Weakness - The weakness i will say the talking never stops. Can you imagine watching a two-

and-a-half-hour documentary at 2 AM about privileged white people slowly destroying

everything in their power in order to amass vast sums of money? Yes, I get it. They are evil. The

only reason I'm keeping my eyes wide open is because I've been disgusted by every

corporation's inhumanity and amorality since their reign. They even work with fascist/terrorist

countries or organizations like Nazi Germany. However, I must admit that knowing what

happened is very informative and relevant nowadays as a human being.

What is your final message to the audience in relation to your introduction?

- This was an interesting examination of Corporations and their bizarre legal status. I
forget the exact quote, but someone states that corporations have “no soul to redeem, no
body to incarcerate”, which refers to the fact that they have all the legal rights of an
individual, but they cannot be punished or held liable for their actions in the same way.
It goes on to give a psychoanalysis of corporations and determines that they are, by and
large, psychotic. It was fascinating to learn that corporations somehow gained their
status from the amendment to the constitution meant to protect black ex slaves, and that
in the year it passed, something like 300 corporations used the amendment for legal
purposes, as opposed to about 15 black people. There comes a certain point where I
envy the ethical system that corporations run on. It’s all numbers. You compare what
you’ll make by doing something as compared to how much you’ll be fined, and this is
how you make a decision. It’s like a utilitarian calculus, except the numbers aren’t all
nebulous value assessments, they’re concrete dollar values.
Will you recommend the film? Why or why not?

- Yes, everything you need to know about capitalism and the American system. If you do
believe that corporations are people, you should watch this film to see if you agree with
the producers analysis. If you think that corporations are not, in fact people, you should
watch this film. It will give you some good conversation points to help make your case
during your next debate over the global economy.