The Impact of Globalization on Economic Welfare, Interdependency Risks, and Sustainability

The video explores globalization's impact on economic welfare, focusing on multinational corporations (MNCs) and their influence. It discusses the advantages and disadvantages of MNCs, including economic growth, job creation, tax issues, and cultural dilution. The video also examines global interdependency risks, trade volatility, and the uneven distribution of income. Finally, it addresses sustainability challenges, such as resource depletion and environmental damage, questioning the long-term viability of globalization.

What are the four key areas to consider when evaluating the impact of globalization on economic welfare?

What are some of the significant structural unemployment issues faced by the UK due to globalization?

How do multinational corporations influence globalization?

Discuss the advantages and disadvantages of multinational corporations in the context of globalization.

What role does foreign direct investment (FDI) play in the globalization process?

In what ways can globalization lead to cultural dilution?

What are the implications of resource depletion due to globalization?

What are the environmental concerns associated with globalization?

Explain the concept of interdependency risks in the context of world trade.

How does globalization affect the distribution of income around the world?