Globalization and the Poor
In this TEDx talk show, an economist and researcher Krisztina Kis-Katos uses statistics and empirical data to show how globalization and international trade can reduce poverty levels in developing and emerging economies. Specifically, the presenter uses the case examples of Vietnam, India, and Indonesia to demonstrate how opening up a country’s borders to international trade can benefit or harm the poor. In Vietnam, poverty levels reduced substantially in those areas that were producing goods for the United States market, implying that the poor benefited from getting access to international markets through bilateral trade agreements. In India, trade liberalization did not benefit the poor due to rigid market regulations that blocked this group of the population from getting access to international markets. In Indonesia, international trade increased the productivity of local firms and provided them with the capacity to employ more workers and pay higher wages, effectively reducing poverty levels.
Diversity and Globalization
In this TEDx talk show, an entrepreneur and public speaker James Sun talk about the issues of diversity and globalization. One of the most important points raised by the speaker is that we have to get rid of our inherent biases and stereotypes if we are to enjoy the immense benefits of diversity. Another important point concerns the realization that change is happening in all spheres of our lives due to the interplay between diversity and globalization. Here, the speaker acknowledges how the world is getting smaller and smaller, and how globalization is increasingly becoming real due to innovations in technology. Despite all this, it is important to embrace the complexity of diversity to benefit from its huge potential. The last important point concerns the issue of viewing diversity as an external policy rather than an internal policy.
References
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