Economic Globalization Documentary on the History of Economic Globalization Full Documentary

The 9/11 attack raised questions about the new world economy and the dark side of globalization. The movement towards globalization seemed irreversible until then, but the incident showed a different direction is possible.

The challenge is to make the interdependent world more positive, determining the success of the 21st century. The prosperity of the century depends on balancing the positives and negatives of globalization.

Globalization led to the greatest expansion of world trade but also raised concerns about its impact, especially on the control of the economy by the wealthiest individuals.

A look into the shift in control over the economy, whether by central governments or free markets, as globalization unfolded. It marks a significant change in the era of globalization.

The end of the Cold War and the Gulf crisis marked a new era of globalization, rapidly tying the world together. This era brought both unprecedented crises and opportunities.

Capitalism has profoundly shaped globalization for over 200 years. The global market experienced significant changes in the 1990s, impacting industries and international trade.

The global economy witnessed trade expansion and economic challenges in 1992, affecting industries and trade agreements. President George Bush's stance on trade agreements was a significant aspect of the globalization debate.

The North American Free Trade Agreement (NAFTA) and its effects on Mexico, trade, and job creation. The debate surrounding NAFTA influenced the 1992 presidential campaign and trade policies.

The impact of globalization on developing countries like Mexico, Thailand, and East Asia. The consequences of foreign investments, economic reforms, and financial crises in these regions.

Financial crises in Asia, Russia, and Latin America during the 1990s and their implications for the global economy. The role of institutions like the IMF in managing and containing financial crises.

The anti-globalization movements and protests in Seattle in late 1999, focusing on trade expansion and its impacts on workers, the environment, and developing countries. Critics raised concerns about unfair trade practices and the influence of multinational corporations.

The chapter discusses the widening gap of inequality in the world, with a small portion experiencing modern economic growth while the vast majority remains impoverished. It highlights the challenges faced by capitalist systems in benefiting all segments of society.

Hernando de Soto's views on wealth, poverty, and capitalism are explored, focusing on the importance of property rights in enabling capitalism to work effectively in Latin America. His book 'The Mystery of Capital' is mentioned as a key reference.

The chapter delves into the lack of formal property rights in developing countries like Peru, hindering the participation of many in the capitalist system. It emphasizes the need for legal frameworks to protect property ownership and promote economic growth.

Discussions on free trade, globalization, and inequality are covered, addressing the impacts on different regions and populations. The chapter also touches on the role of activism in shaping global economic policies and trade agreements.

The concluding chapter reflects on the evolving landscape of globalization, the potential benefits it offers, and the ongoing debates surrounding its social, environmental, and security implications. It emphasizes the importance of inclusive policies to ensure the benefits of globalization are shared equitably among all nations.