Globalization: Winners and losers in world trade (1/2) | DW Documentary
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- เผยแพร่เมื่อ 5 ม.ค. 2023
- Globalization used to be a guarantor of economic growth. No longer, and the losers are poorer nations. They have restricted access to global markets and are largely excluded from beneficial labor migration.
Part 2: • Globalization: Profits...
Unfettered access to the world’s economic markets should boost prosperity and foster peaceful international coexistence - in theory. But which countries take advantage of the opportunities presented by global competition? And which countries avoid it, preferring to protect their economies at the expense of the poor? And why does free global trade preach the unrestricted movement of goods, while setting limits on labor migration? With these questions and contradictions in mind, we travel through the US, Peru, Senegal and Europe.
An agreement with China means the former steel producing center Duisburg is eyeing a renaissance. America, on the other hand, blames China and globalization for its declining steel industry. Billions of US dollars are invested in domestic industries and agriculture as part of the country’s "America First” policy stance. This has a detrimental effect on poorer nations. For example Peru, a nation left behind by globalization that’s making little progress in the fight against poverty.
When it comes to worldwide migration, there are clear winners and losers. Spain’s farming sector is starved of workers, while the EU resists immigration. In countries like Senegal, where illegal fishing and the appropriation of farmland by international concerns has left people destitute, migrants are leaving in search of a better life. One of the chief beneficiaries of globalization is China, whose migrant workers represent the confidence and strategy of their powerful homeland. "Globalization in Crisis" is a two-part documentary telling the stories of those who benefit - and those who suffer - as a result of globalization.
[Part 2 online next week]
#documentary #dwdocumentary #globalization
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We're watching corporate and government greed. That's the real problem.
I know. It's so blatantly obvious and open now all across the world even here in Australia and New Zealand. We just can't do anything about it.
It's primarily corporate greed and interest co-opting government which is meant to be the will of the people in the interest of the people.
But that’s the point of corporations and governments they have to grow they have to because justify there wages :dutch van der linde
Correct. And, even though the once Italian leader, Benito Mussolini was a vicious, violent, murderous dictator, he did see, quite clearly, that the perfect blending of government and corporate power helped him coin the words "fascist", "fascists", "fascism", and "fascistic" in order to explain just exactly what happens when you merge those two entities together.
The fact of the matter is that we cannot tell where our government begins and corporations end. It's all just one, very LARGE CON-glomeration starting at the head of the Ouroboros and not ending at the tail of the Ouroboros. It's the snake eating itself as it rolls down the never-ending hillside into infinity.
That is also out of control.
What I like about you DW guys is that your documentaries ask the important questions.
No not really.
They ask important questions. They just don’t give fully truthful answers.
No solutions, so they are part of the problem.
@@jkhan2509 yes agreed
an important question with dishonest answers. For example, the port in Greece was sold to chinese because of debt, but debts prio to 2011 euro crisis, no to China. China came as white cavalier. Sri lanka's debts were 80% to financial markets, i.e. mostly Westerners, and 10% to China.
DW should get an award for pumping out the large number of high-quality documentaries it does. And all foreign languages are translated with audio, so I can set my phone down and just listen. Fantastic work DW.
Thank you for watching and for your positive feedback!
You’re the award.
@@MostDopeBro *Highest propaganda award since WWII*
Don't worry they already have been awarded before even making this high-quality indoctrimentary by those at WTO and other 3 lettered organizations starting with W..
When you watch other publications from the BBC, CNN, MSNBC, etc about the US-China trade conflict, the narrator immediately starts criticising trump for the trade conflict. It's only DW who just let the interviewee talk and express themselves without criticising trump needlessly.
You know, I've been driving rideshare quite a bit lately. I've had the opportunity to sit and chat with many of our newer generation. They are truly smart, considerate of the environment, less interested in domination, and more interested in creating a better world. Such a valuable resource we have which gives me so much hope for a better tomorrow globally.
Corporations and billionaires have profited the most from globalization.
It is the world of the rich.
And you if you in anyway benefit from electronics.
So what, can you blame them? YOU would too if you were in their shoes.
That was always the plan
You guys make the most decent, well elaborated documentaries. Vielen Dank!
Thanks for watching and for the feedback!
You mean Propaganda machine
@@_Meng_Lan 🐑
@@unknown6715 It seems to be difficult to discover any "Public" Media that is not a Propaganda source since 1980?
You are basically, right on......
@@unknown6715what side are they on in your opinion. I’m not here long enough to know but I do notice a pushy opinion
"Globalization in Crisis" illuminates the complexities of our interconnected world, highlighting both its opportunities and challenges. It's a thought-provoking journey that encourages reflection on the global dynamics shaping our lives. Thank you for shedding light on these important issues.
I really love the story telling abilities and style of DWTv, they are just my best favorites for many years! Keep it with such detailed and beautiful presentations always! Cheers!
Thanks for watching and taking the time to comment!
I really like the employees of DW leaving comments and DW giving them a big thumbs up! Such the great content of all times true love when you know the information things.
Me love long time much good watch. I make pay now? Good comment? Thank you, thank you.
They said absolutely nothing about the negative global impact of the USA. They only talked about that of China.
Winners and losers in World Trade! - very interesting topic.
Well done DW💯.
Inevitably it’s the established that get to, ‘Stay the course’ 🪨 10:05
Thanks for sharing your thoughts!
This doc is brilliant. Thank you DW. Thank you farmers and steelworkers.
Again cannot be said enough it is great that DW audio translates all the foreign languages much kudos
Thanks DW. I just started watching your documentaries from Azerbaijan. Very informative and well done!
Watch Caspian report, also from Azerbaijan. Great channel on geopolitics 👍
Share holders, and people who own the companies are the winners, and the rest of us are the losers....
Nah. Educated people and skilled.
@@Gnashercide lol higher paid slaves are just higher paid slaves. You literally own nothing in this society.
Crooks and the Judas who think they are part of the show…….when they are just taking their thirty pieces of silver to crucify the rest of the world………
@@franzjoseph1837 nope , they're not "slave" ,just employees. In my country globalisation isn't a problem, it's a chance .
@@Gnashercide lolo chance for what? Go tell that to the Mexican farmers who have to sell their land cause the Mexican market is flooded with subsidized American agriculture goods or go tell that to the Chinese workers who had jump nets installed to prevent them from committing suicide at apple factories. You are either a shill or a bot cause humans being don't see this degradation of not only our environment but of human beings as a "chance" for anything beyond widespread poverty and skyrocketing corporate profits. Who pays to keep the Congolese at war with each other while at the same time the cobalt production flows like rain ? Who profits from keeping dictatorships in power in resources rich nations in the global south? Like what do you think neo colonialism is?
Kudos DW. Your documentaries are always on point
Thanks for watching and for the feedback!
Propaganda machine
I really like the employees of DW leaving comments and DW giving them a big thumbs up! Such the great content of all times true love when you know the information things.
They said absolutely nothing about the negative global impact of the USA. They only talked about that of China.
Excellent and informative. Thank you.
As always an amazing & informative documentary by DW regarding the consequences of globalization.Cant wait for Part 2❤️.
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Paid to say bs,trash documentary at all.
I really like the employees of DW leaving comments and DW giving them a big thumbs up! Such the great content of all times true love when you know the information things.
They said absolutely nothing about the negative global impact of the USA. They only talked about that of China.
Thank you DW for this amazingly informative documentary 🙏
Thanks for watching :)
The lost of some American industry to China means less job's in America, more job's in China, less taxes paid in America, more paid in China, but the companies that moved still sell their products for the same amount. The owner's, stockholders, just make more money. So, the only one that has lost, is the American people.
The American people benefit from cheap products bought from China, in the end people can choose not to buy "made in China" products and all will be fine. Germans and French know this and buy by default "made in their country" products, supporting their economies.
You are correct, but it has affected every developed economy. Not just the US. Remember, the entire European economy is about 15% larger than the US' economy, excluding Russia.
Not true
The only problem is that Chinese government will soon need wars to justify its reign. So all these manufacturing that was exported to China will soon start to produce weapons to kill westerners.
America once already industrialized Soviet Union in the 30s.
@@blub-tf6rt That's not capitalism. Pick up a book.
Global Trade is fine when all parties operate in good faith. How can countries with no economic or political power negotiate trade deals beneficial to their people when they are over a barrel? Beyond that, how many developing nations who are known to have corrupt political systems, can ultimately see any benefit trickle down to its citizens when most deals are made out of sight of the population? Globalization is beneficial to the few, but not the many. It is a necessary process, but it's not being used in an ethical manner at this point. Thanks for the cool documentary.
Globalisation good for developing countries since they got job and becoming rich. China is a good example from rags to riches alll thanks to globalisation. Indonesia vietnam malaysia singapore also got some good fdi from globalisation. Not really globalisation lifted 600 millions people chinese out of poverty. The same goes with india indonesia vietnam
@@iggy5347no exactly. In case chinese investors come to build some factory, plant or mining, they strive to involve its subcontractors, employees and suppliers. Developing countries due to corruption and desire to make rich only elites or government representatives are reluctant to change the order. As a result, small portion of population feel the positive impact of the investments. Chinese are top greedy nation, paying less and making people work hard and overtime.
@@nurbekkunpeisov9057 hahahah you are funny
@@iggy5347 I don’t find it funny that people suffer
@@nurbekkunpeisov9057 the ANGLO people is much worse then the chinese. They colonised they bombed they exploited their resources, what happen to the native in america and tasmania, america new zeland australia is all stolen land. So you said chinese is top greedy natiom??? You anglo people are so funny. You dont see yourself in the mirror you are much much much more worse the the chinese. Look the US ALWAYS AT WAR in the middle east in the last 40 years,. China never fight big war since vietnam war. Like i said you anglo people are a funny bogan
An absolute gold mine of journalism!
Subsidies and global markets really fuck everything up, you could say "everybody has to play with the same rules" but that means the lowest economies can't compete because the initial cost is soo much higher benefitting the bigger players. No rules benefit the lowest players because of the invers reasoning. It is almost like you can't plan it, but with the ongoing years the private equity firms and ceo become richer and richer
Yes it's like a speeding ticket the rich just pay it and the solo muns say can't aford it
What are the most important metrics, especially for the developing world, where almost 70% of the world's population live?
1.Increased life expectancy
2. Increased access to safe and drinkable water supplies
3. Increased access to basic food supplies
4. Increased access to basic health services
5. More opportunities and equality for women
5. Less regional and international areas of conflict, and less severity/ intensity in areas where conflict still exists.
An amazing documentary as always, and so enlightening! Keep.on educating us DW🎉
Thanks for watching and for your constructive feedback! :-)
As a senior in college I had a year long research project concerning NAFTA. Interestingly the big winners were college educated Mexicans. The poorest still experienced wage stagnation, while low “skilled” American and Canadian workers took hits as well.
Hence the Zapatista uprising in Mexico. The US and the Mexican elites then decided to funnel money into mercenaries special forces to crush them. These men who then transformed into Los Zetas began to "tradition" of gruesome snuff videos and increased the violence in the "drug war" which of course other corporations profit from along with various government agencies who would have smaller budgets if they didnt have to fight a "war agsint drugs". The price of corporate profits are covered in blood.
Well then you know the future is NAFTA and Mexico overall will be a big winner, Canada not so much.
According to DW, China wins and everyone else loses, great narrative, but nice try. Last I checked, China does NOT own google, apple, microsoft, boeing, mercedes, pfizer, monsanto .... tens of thousands of these western giant firms that taking the biggest cut from the global trade.
@@user-cr6yp7vx9r The China story is over. We are watching the conclusion.
This. 100% agree.
Lot's of love from India 🇮🇳💓
Very well thought documentary.. 👍
DW is always relevant! Thank you for always staying on top of things. No channel is even close to being second to you. Huge respect.
Thanks a lot for watching and for your positive feedback. We appreciate you taking the time to comment and
are glad you like our content!
Excellent Journalism? You might want to consider laying of the drugs, it's clouding your judgement. This isn't journalism, this is straight up "Globalist (you know who they are)" propaganda.
arte for example is at least on a similar level imho. But then again, you have to be able to understand either French or German.
They said absolutely nothing about the negative global impact of the USA. They only talked about that of China.
nice doc. but only foused in america vs china and some europe. globalisation document needs to addres global players. please add another parts in this globalisation series. thanks for this beatiful work. production quality is good.
Thanks for watching and subscribing. We try to cover a broad spectrum of important and often difficult global
issues and we really appreciate your positive feedback.
American car made in Brazil
@@Curling_Rack I thought the Americans closed their plants in Brazil sometime ago. It's in the news then.
I can see long part about Peru
You can always count on DW for ditching Trump and capitalism.
The subtitles seem to be a bit mismatched with the timer FYI, great documentary
This is a great video for global economics. I remember thinking about many of these factors during the COVID payouts.
Whether it is globalization or nationalism, someone always profits and some of the ones that profit will be greedy that will not care how they make their profits and use their profits to gain power, status and notoriety with little or no regard for human life or the environment. Having said this, there will also always be some that will use their profits to work towards peace, fairness, justice and to promote honest and respectful ways for businesses to compete in the economy so that humans can continue to make progress on how to share the land and the resources on this planet in sustainable ways. I hope and remain optimistic that the ones that work toward peace and fairness will always have a majority.
That's right ....more countries should adopt the Chinese model 🙂🙂🙂🙂🙂
@@truthslayersoothsayer819 no thanks…the Chinese people (younger generations) don’t even want the CCP..
American scholars pointed out that since the Second World War, the foreign policy of the United States has been based on a simple concept - "You are either with us or against us. The United States should lead, and the allies should follow, while against the United States supremacy." Countries that are in this position will suffer.” This fully exposed the nature of US coercive diplomacy.
only as long as people are fed... all monsters are human
@@LoveIXTC Correct me if I am wrong, but to me your comment suggests that someone has to be responsible for feeding people. I think people have to learn how to feed themselves and by now people are certainly smart enough with enough intelligence to learn how to do this without harming each other.
You don’t kill your own to save strangers. You take care of your own first, no exceptions.
What if strangers could bring scientific and technological advancement and overall progress human species?
Your idea approves selfishness.
@@longdragon3 Still, you don't kill your own, that's worse than selfish.
@@longdragon3 if you can’t care for your own family, you don’t give money to your neighbors…common sense.
@@longdragon3 what if your own is capable of the same things too?
Yes, this does not mean you destroy the whole neighborhood just so that every benefit from the local government goes to you. That's greed and even if you want to do it, it doesn't mean the rest should sit still. We are not talking about surviving, we're talking about not letting everyone else survive because you want more than healthy.
DW never fails us, thanks a lot for the excellent journalism.
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Globalisation good for developing countries since they got job and becoming rich. China is a good example from rags to riches alll thanks to globalisation. Indonesia vietnam malaysia singapore also got some good fdi from globalisation
@@iggy5347... err rich countries lives of poor countries hard labors, maintaining their richness and got even richer, have you heard of rich get richer and poor gets poorer? IPhone US gets 99 dollars and Vietnamese gets 1 dollar
You got the dubbing wrong in the first section about Wearton, otherwise great doccie
Thanks for this
Very informative
As a Nigerian, I can't tell you how proud I am of Mrs. Ngozi the DG of WTO. She is so intelligent
Really informative & interesting documentary, so thank you for helping educate all of us on this complex but important issue.
However, after watching this, I'm now actually more skeptical about the benefits of globalization, not less.
It seems that no matter how noble & good the original intent was, sadly the corporate elitists & the powerful industrialists find a way to abuse it & exploit the working poor.
As in geo-politics, greed & corruption are rearing their ugly heads & poisoning what was once a great endeavor.
I'm now more pessimistic about our future more than ever before but the inspiring stories told here by these normal citizens from all around the world struggling to succeed gives me a little hope.
They said absolutely nothing about the negative global impact of the USA. They only talked about that of China.
Fantastic documentary 👍
Thanks for watching!
Great work DW!
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i was helping a friend make a reaction paper on some of your documentaries and ended up falling in love with your channel!
Thanks for watching and taking the time to comment. Be sure to check out our channel for more content.
My greatest concern is for the poor countries to whom the opportunity to improve their standards of living, let alone, catch up with the technologically advanced countries, seem to be forever disappearing.
“Those who have lots, everything shall be given, those who have nothing, everything shall be taken”. Pareto distribution.
they will never catch up because they are just bags of meat. not everyone is equal.
Don't have any concern for the people of the poor countries, because they (we) immigrate to the richest countries to have better life quality.
I am not sure if this comes as a form of criticism or as a form of derogatory treatment, but they're more than bags of meat and some can certainly catch up, just like some have done in the past. The number of them catching on depends on us, humans, or some of us, at least.
@@nathalytoledo6323 You are overthinking. He is merely racist.
Informative documentary. Greetings from Perú.
Thanks for watching and for the feedback!
Thankyou dw
Another great D.W. documentary !
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
thank DW
What we learn from history that we never learn from history.
I remember the 70s and 80s Kenya most multinational companies had factories and they paid best salaries nowadays they just distribute. Colgate, Unilever ,Beecham ,Kiwi,Gillette, CPC and many others most closed factories and are sourcing mostly from Asia.
DW you're the best
Thanks!
Please add subtitles as well humble request
What US China trade dispute?
It was simply US unilateral trade restrictions
China runs on subsidies to their industries of all kinds aimed at running all competitors in other countries out of business so they can dominate the industry. By the time countries learn this is China's basic tactic when dealing with competitors it is often too late.
16:20 I lived in China for 5 years. While I was living there in a metropolis, they went from 0% of electric cars to 100% electric buses and taxies. Thats not just a few vehicles when we talk about 20million people in a city. They do care, its just easy to point fingers. Of course there are huge environmental issues, but that's somewhat expected when they provide the whole freakin world with products. Wonder how well the US would do if they had to provide the world with all of those? Or the EU? We would breathe the same toxic air they need to breathe.
Thank you
I really like DW that it gives chance to say to all the sides
Another great thought provoker, thank you DW.
Question: what do we do about the problem? ANSWER: regulation.
(And WHY wasn't that Peruvian economist elected???)
Winners = corporations
Losers = everyone else
Love your documentaries DW, I wonder what happened to your "Iraq: destruction of a nation" documentary though, I can no longer find it on the channel.
We're glad you like our content! Unfortunately, the online rights for that documentary have now expired. Thanks for watching!
Thanks
I agree with Adam Smith "Wealth of Nations" , each country should protect its ability to make things like cannons.
Too bad he didn’t know about atomic bomb then, what said he if he did?
Globalization in decline, globalism is growing towards "you will own nothing and be happy".
Really informative documentary, unfortunately the subtitle running faster than the speaker/narrator since english in not my mother tongue i have to put more effort in listening skill 😂
Loving to watch all your contents while i learn my english skills ❤❤
love your docs best after Norwegian produced
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This makes my country India who took L from both sides , America and 1st world are getting overwhelmed by Chinese products due competition and china having cheaper work force = less price of overall product meanwhile India despite having a large workforce still importing 10x more from china than exporting it !
China income per capita is four to five times more than India, why they managed to become biggest exporter in the world instead of India? Is it because of cheap labour?
It’s because of globalisation, india is anti globalisation, because of protectionism of local businesses, they cannot compete overseas, the consumers have to pay more for their essentials and have less spendings elsewhere.
China see globalisation as a tool, there is no good or bad, in a good hand, it’s useful. And in a bad hand, it’s a weapon that harms. Governments have to make sure that the rewards goes not just to the rich and powerful, the workers and families make up most of the population, and must have disposable incomes for the economy to circulate.
Imagine a game of monopoly where 10% of the participants own the majority of global wealth hoarded through centuries of colonialism, and all the technologies that were subsequentially developed during industrialization, while the rest have nothing to sell but their raw materials, which leads to huge trade deficits, which then leads to resorting to IMF loans to cover the deficits, leading to extremely thin chances of being able to develop an industry especially when low tariffs on imports are imposed on them by the IMF (and other tools of political violence) which only serve to make imported goods from richer countries more competitive than local ones in developing (or let's say systematically underdeveloped) markets. That is globalization.. a cycle of deficits, currency devaluations, indebtedness and misery for the third world. A cycle of hell that is extremely difficult to escape.
It is strange this documentary have an English speaker, but when the Americans talk it get dubbed in German, I do not mind when there is spoken German to just read subtitles. but in general a big thank you DW for your many interesting, informative docs
Thank you for watching, we appreciate your constructive feedback :)
Problem of equal distribution of resources
Lets be real, that West Virginia steel plants dont look very low pollution. They just look dated.
So like every industry, updating is a constant, but the short term investments are quickly becoming a BAD INVESTMENT? Why? Biden global initiatives and environmental restrictions?
The profit for a specific country mostly depends on the geolocation and demography of its own country and the countries around it, which I will explain below.
USA is located where there are fewer countries around and fewer people to buy their products. If USA wants to sell its products in far countries in Asia, Europe and Africa then the products will cost more for the buyers because of traveling charges. The better the product, the higher the rates of the products.
China has many countries around it (or close to it) and many people too, to buy products from them. The Chines products costs less because they don't travel very far and if they do travel far to Africa and Europe then all the products will not be of the same quality because the poor can't buy them if it costs more. China will make lower quality products to make it cheaper for the countries in Africa, so they can buy them.
Only rich people can buy the products of better quality from USA and Europe who lives in other continents.
IF all the people in every country around the world were balanced in wealth then the possibility of buying products from far country will also increase.
BUT that doesn't mean that the countries should keep growing their populations only for the sake of profit because if they do, then it will be devastating for the country, its resources and also for the world, as we can see these days. (Climate change, environmental disasters, poverty, polution and etc)
In the end, It's not good to be so greedy for more wealth and power because in the end we lose it all. It's better to share it among the poor and live a balanced, peaceful life with them.
Valid points.
Globalization favours certain people over others.
(Deep seated State Capture & their Profiteer policies).
🇨🇳 "made in China" is heavily supported via CCP's Control Capitalism as opposed to 🇺🇸 Cronyism Business model of a "them vs us"...meaning
Republican Wealth vs Democrats/Liberals meagre resources. Thereby buying influence from the profits of.... well you guessed it, State Capture.
But you need to understand that credit facilities could afford people to get what they want. USA people lives on credits. A lot of Chinese products are bought by USA and rich European countries. Did you see man from USA driving Kia car? Most USA and European products became uncompetitive since relationship of quality and price is poor. Chinese and korean products are very popular. This concerns usually mod-cons.
China makes products that the world needs at a low price point.
The US sells middle of the road products that the world wants but doesn't need.
It's an oversimplification but I'm sure most people will get the point.
@@johnbinnie5697 US is the #1 food exporter & a good bit of energy….it isn’t just what you state. Plus tech ideas/designs come from US but then manufactured elsewhere…a lot comes from defense research in the US like the internet.
First time when I'm hearing german dub instead of subtitles.. finally🥰🥰🥰😘
How can we adapt the latest technological development to agriculture and farming?
To take care all the best for the public especially the poor is nothing but to improve on the globalization side.
Why not instead of subsidies apply tarrifs on produce from parts of the world where there are less govt enforced hurdles. If your green mob wants some economic policy for the local manufacturers, calculate the cost of the policy per ton of the item and apply the same on items from countries without these policy.
I would like more on that circuit chip etching machine
This is journalism…. This sort of news is what the society needs… thanks to DW … and thanks to German government for supporting open and fair journalism
Thanks for watching and for the feedback!
Timely topic. Good coverage. Diverse interviews and perspective.
When Obama was president, he advocated the 'Trans Pacific Partnership' (TPP) near the end of his 2nd term to improve globalization and to counter China's unfair trade practices
As I understand it, one of its goals was to standardize environmental controls so that there would not be financial incentive to pollute.
It failed in the U.S. One of the complaints against it was that it ceded too much authority on adjudication, arbitration to international bodies.
China's unfair trade practices?
American-
You Americans can buy goods from developing countries with very low price.
Your one day income in America can buy things that equal 5-20 days' income in developing countries.
Is it fair? That's the biggest unfair！
It's just pure exploitation that originate from the US hegemony.
Gradually, others don't want that unbalanced and unfair trade, they were trying to get rid of it.
And you Americans began to say it as "unfair trade"
What a joke!
Maybe unable to exploit others seems unfair to Americans
Only exploiting others is fair to Americans
For a very long time China was operating under very unfair practices, it is not surprising they do not care. China has turned past unfairness to its advantage.
@@qdelevation8947 I understand your perspective. And I can agree with some of it. But:
1) All 'developed' countries have economic leverage, not just the U.S. Singling out the U.S. muddles your understanding.
2) In large measure, the currency of developed countries gains strength based on what they sell - technology and infrastructure development, including transport, processing, distribution, marketing, etc.
3) Countries which manufacture industrial and agricultural machinery, computers, precision optics, pharmaceuticals, etc. have an inherent financial advantage over countries selling just produce or raw materials (except for oil)
4) Trade imbalances have existed in mankind's history for several millennia
5) Regarding my comment on unfair trading practices, as a condition for joining the WTO, China agreed to float their currency, just as all the other WTO members do. However, the CCP violates their agreement - they control their currency's exchange rate, artificially reducing its value to encourage more sales. You seem to suggest it's fair to do so. The CCP agrees with you. But it is not for the average Chinese worker because by diminishing the exchange rate, it reduces the wages of Chinese citizens, and especially reduces their purchasing power of foreign goods. Do you call THAT fair?
6) Regarding my mention of the TPP, are you saying it is fair to export pollution? You are if you support China or other countries building products with no regard for pollution just so they can offer it at a lower price.
7) You should be more precise in where you point fingers. Trades require MUTUAL AGREEMENT. If I buy a pound of Columbian coffee, a series of companies arranged to buy, transport, process, market, distribute, etc. The buyer most likely has to negotiate both with individual companies in Columbia, as well as meet criteria set by the Columbian government, obtain a license to buy, etc.
8) The farmers and government may agree to a price for some period, perhaps to 2 or 3 months, and specify what steps each party is responsible for, where pickup will occur, etc.
9) Farmers and government may insist on a higher price, and the buyer may agree or buy elsewhere. That's just a fact of life
10) While I would still buy Columbian coffee if the price jumped 20%, perhaps a big enough percentage of the buyer's customers would switch coffee brands, prompting the buyer to decline the price increase. The buyer may look for another seller. Conversely, the seller may in turn seek another buyer.
11) EVERY country has buyers/traders, not just the U.S. If the seller shares your view of the U.S. as the home of all ill spirited buyers, they can seek buyers from other countries. Actually, if they're smart (and they are), they use the internet to seek out buyers all over the world. They would be stupid not to seek out the best price.
12) I agree that globalization has a lot of downside. To my mind, a lot of this is caused because of power brokers within the undeveloped countries. Take Venezuela as an example. It was receiving huge sums of oil revenue, with market rates set by Saudi Arabia and the OPEC cartel. The revenue stream was so controlled, corrupted and diverted by Venezuelan leaders via. shell companies owned by family members and other trickery that Venezuela is now a bankrupt basket case.
Free trade has revealed its advantages and disadvantages. The rich become richer, the poor becomes poorer.
Each country should be able to negotiate deals that their people need. The WTO agreements should be short term, per industry and easy to get out of when the term limit expires.
if they are making money off of the poor it will never end
I like this channel
Fabulous documentary. It shows not just how globalisation fails, but also how it succeeds.
At 33:40.... how micro-credit makes a difference.
At 40:30 ..... how globalisation can succeed even "against" the rich, even though it is in a crisis through protectionism. The global tax agreement _should have_ been mentioned in this context.
Yes, I know that the rich win many battles, but the poor are also winning. And some of these gains are sure-footed and hard to reverse
There is hope yet.
Thank you for your comment!
So how do we achieve an equilibrium ?
@@pietrojenkins6901
Think of it like a chemical system.
How are the poor gaining anything?
@@vaseabmwe39
Did you watch the documentary ?
People talk as if China is doing this or that. The world revolves around growth and shareholder return. Now that China is raising standards, capital will move to be next place with lower regulations, to keep satisfying the quarterly growth demands. The owners want more money and look to lower costs
it's a shame the subtitles are off
In the USA Rustbelt the completion can be internal: steel plants do not have to be in the N.E.;they can be in Nevada,the Dakotas,etc
That’s exactly what happened to the USA. The corporations exported the jobs to China, Vietnam, India and other countries. We now have too many jobless and homeless people.
Yep thought out sources was the answer.....sure haha
This is why I don't use global variables in Java.
which means you do not like globalization?
@@hamid786ish yes always use local variables
@@sysyphenf8ewtfr603 nice!!
@@sysyphenf8ewtfr603 Then you are local and don't get to far with things.
It would have been helpful if an academic who is a critic of globalisation had been interviewed. All the economic "experts" were thoroughly invested in the globalised order. No mention also of how globalisation makes the world more vulnerable in the face of severe climate disruptions and how this could precipitate potential societal collapse. Unfortunately a shallow documentary that put more emphasis on blaming China rather than the underlying system which drives these behaviours.
Good documentary..thanks dw doc👍🙏
Admittedly, globalization isn’t perfect and is flawed on many ends for lack of international hegemony. Nevertheless, the gains of globalization cannot be denied, and the question left for countries whether industrialized or developing ones is how to best place itself to benefit from the system.
Industrialized countries like America may cry wolf for its loss of competitiveness in industries like steel. But, how about their edge in industries like the high tech? Do they complain about this advantage ? I think not.
The game of globalization is simple. Win some, lose some.
The issue with globalisation is with the people. You say US has a competitive edge in high tech, well coal miners and steel workers out of a job cannot easily switch to a job that mandates a four year degree or more. Thats not even a doable switch at 30-40. Boomers have zero place trying to retool their career to a high tech job with millennials or zoomers. Those guys grew up with high tech and just run circles around boomers who know everything about steel. So globalisation is good for some but not everyone, even in the same country.
As for USA, corporations are too in bed with government. The benefits of globalisation are too often steered towards the wealthy corporations and their stock holders. Something like 80% of all stocks are held by the super rich. Leave enough people behind and you get Trump. Its really that simple.
Globalization does not provide an edge in high tech... I'm confused why you think there's some quid pro quo where we trade manufacturing for high tech jobs? The reality is globalization is coming for those high tech jobs too
@@curious-relics They already have. High tech jobs have migrated from Silicon Valley to Bangalore for decades.
Because lopsided economies are unsustainable. They don't factor in realities that the citizenry are not cookie cutter workers you can simply place where you need them and everything works out. See why the Soviet Union collapsed because of their obsession with industry and so-called 0% unemployment. How'd that work out for them in the end? The U.S. through globalization and obsession with tech has put themselves on the same track.
An economy cannot thrive on tech alone. You need manufacturing to have a healthy trade balance.
Globalization is wonderful when its incorporating a global population. We need to ensure that the little people aren't being trampled upon and forgotten. I really like the part about micro credit which I believe is the same as micro loans I learned about in my undergraduate studies. We have the ability to create and sustain a beautiful peaceful world where everyone is a winner in my opinion. We need not fight for number 1 status but for a collaborative approach and just and fair actions.
Roger that.
Thinking about investing in a cobalt mine. You should get in on it to. It helps make clean energy or something.
China is a net global developer we should look at the positive impact of China's projects too how these communities have benefitted from these developments not the negativity always we need a more balanced and inclusive documentary
Anyway thanks for the documentary it's informative and covers important topics
Thanks for watching and sharing your thoughts!
Very well-made documentary.
Thanks for watching and for the feedback!
Problem with economic globalization is that it didn’t and doesn’t include any efforts to include nor promote social and economic equality and justice as a globalization scheme. And that is and will be the crisis of globalization. The solution is to fairly invest in each other for the benefit of each other.
That sounds very idealist even many would wish that could happen. The reality is that an overpopulation of our planet with increasing competition for resources means that there is not enough in the world for everyone to have a developed country standard of living. Around 20 years ago when the population was just over 6 billion people, they said at the time we’d need another 4 earths worth of resources to all have a good standard of living. What would it be now with another 2 billion people and all the technology we use every day now that perhaps we didn’t do back then?
In India, people will shamelessly sell even themselves to private companies
It happens globally not just India
noted
We all have narratives or programed at the end. It's how you pitch a great story from policy, politics, sports, movies, news...and documentary to rap human emotion to make it all believable or tick I think. This documentary has heroes and villains like a hero's journey. What's your story, theirs, and maybe the stories you bought that navigate the destiny of those in control and your destiny at the end I think?
DW is a great documentary channel👍🏻👍🏻👍🏻👏🏻👏🏻👏🏻👏🏻👏🏻...allot. Thanks for sharing... especially this much important matter ( globalization) that affects all populations on the planet ...
Thanks for watching and for the feedback!
Hypocrisy at best
To all
Do what’s best for ur people
That’s it
From west Africa
🦅
14:21 - (subtitle hits in)
my stereotypical judgement reaches sky high
Consumers need globalization, free movements of goods and services.
When the Chinese took over the Sri Lanka port, at least they paid for it. The British took over the whole country by force and paid nothing to the Sri Lankans.
Haha colonization is taking place everyday right in front of our eyes...by corporations and investors haha seems like a societal issue haha now it is coming back home to us
When those greedy and immoral Britishs could not colonise China they then pushed drugs to poison and weaken the Chinese.
Good point. I'll use this argument next time, on the China issue. Good year my friend
That's because China know nowadays that's the game(loan and trap) you must play to colonise. Countries cannot go invade as they please nowadays but China would've don't exactly that back then if could have.
@@longdragon3 Chinese fleets of large vessels in ming dynasty took easy to conquer small countries alongside southeast asia and indian ocean,but they chose not to.