Yeoju technical institute in tashkent department of economics discipline of

Anti-Globalization Movement

Claims globalization sacrifices human and 
environmental well-being to corporate profits 
of mutinationals

Globalization is blamed for:

World poverty and child labor in poor countries

Job losses and lower wages in rich countries

Environmental pollution and climate change
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.
The Globalization of the World Economy

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International Trade and the Nation’s 
Standard of Living

Interdependence

Economic relationship among nations

Roughly measured as ratio of a nation’s 
imports and exports of goods and services to 
GDP

Much larger for smaller industrial and 
developing countries than for United States
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.

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FIGURE 1-1
Imports and Exports as a Percentage of GDP in 
Various Countries, 2011 data.
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.

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International Trade and the Nation’s 
Standard of Living

Sources of potential gain for United States:

Access to items with limited availability 
domestically 
(such as coffee, bananas, cognac, tin, 
tungsten, petroleum and copper)

Access to lower cost products

Access to greater product variety

Economic interdependence has been 
increasing over the years.
Salvatore: International Economics, 11th Edition © 2013 John Wiley & Sons, Inc.

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