Lecture 3 (W5&W6) 100 words- one paragraph

Globalisation - Good or Bad?

Globalisation - Good or Bad (2nd Part)

From lecture 3, we have explored the complexities of globalization, presenting conflicting

perspectives from economists and policymakers. It discusses the positive impacts of free
trade on economic growth and consumer welfare, citing examples of successful Asian
countries. The debate on globalization’s benefits and drawbacks is highlighted, emphasizing
the need for a nuanced understanding of the issue. The lecture explores the impact of
globalization on job losses, poverty, economic instability and sovereignty challenges.
Developed nations face critical job loss issues, while developing countries are perceived as
primary victims. The erosion of traditional work practices and culture, as well as the decline
of unionism, are significant consequences of globalization.

Lecture 4 (W7) 100 words- one paragraph

Causes of the Problems of Globalisation

From lecture 4, we gained deeper understanding on globalization, highlighting the impact of

information and communication technology (ICT) on financial instability and crises. It
discusses the benefits and challenges of ICT, emphasizing its role in saving lives through
advanced medical treatments and weather warning systems. It critiques the influence of large
corporations and the US deficits on financial globalization, addressing the unequal
distribution of wealth and the challenges of managing global corporations. It also presents
arguments against unrestricted capital flow and the impact of historical evidence on economic
growth. Overall, it emphasizes the need for a nuanced knowledge by offering a thorough
overview of the issues and difficulties related to globalization.