WEEK 9: Lecture Reflection
Lecture Reflection: George Thalassoudis
1950 - The Anthropocene begins - our current geological age, viewed as the period during which human activity has been the dominant influence on climate and the environment
One of globalisation's negative externalities is CLIMATE CHANGE
1980's - An exponential increase in the output of carbon emissions
Globalisation PROS
- brings the world closer - mobility increases, multiculturalism rife
- increases economic development - trade potential boosts, opportunity for specialisation, i.e. mining, pharmaceuticals
- consumer choice broadens - cheaper goods and larger supply/variety
Globalisation CONS
- inequality increases - more money for the wealthy, the poor are priced out
- environmental costs - food miles, production externalities, deforestation, ADANI ruins your country's national treasure
- social exploitation - ties in with inequality, the poor suffer
The value of the environment
- can we judge our cost on the environment? does it equate to a monetary value?
- do those costs outweigh the economic benefits?
- if they are irreversible, what then?
Attitudes toward globalisation
Market Liberalisation
- globalisation is a positive force, but is hampered by local governance when it fails
Insititutionalism
- creates wealth fast, requires strong cooperation to work effectively, financial institutions involved in moderating, i.e. IMF, World Bank
- fair trade accommodating poor nations
Amartya Sen - development of capabilities, access opportunity is the ultimate benefit - access to opportunity is the key objective of international development
Consumerism
- escalating consumption
- disposable products
- instinctual human demand for new and more - infinite wants
Where does our responsibility lie? Do we draw a line?
No craftsmanship anymore - mass production has taken over - no cultural fingerprint
Global monopolies have no cultural fingerprint
Globalisation
1950 - The Anthropocene begins - our current geological age, viewed as the period during which human activity has been the dominant influence on climate and the environment
One of globalisation's negative externalities is CLIMATE CHANGE
1980's - An exponential increase in the output of carbon emissions
Globalisation PROS
- brings the world closer - mobility increases, multiculturalism rife
- increases economic development - trade potential boosts, opportunity for specialisation, i.e. mining, pharmaceuticals
- consumer choice broadens - cheaper goods and larger supply/variety
Globalisation CONS
- inequality increases - more money for the wealthy, the poor are priced out
- environmental costs - food miles, production externalities, deforestation, ADANI ruins your country's national treasure
- social exploitation - ties in with inequality, the poor suffer
The value of the environment
- can we judge our cost on the environment? does it equate to a monetary value?
- do those costs outweigh the economic benefits?
- if they are irreversible, what then?
Attitudes toward globalisation
Market Liberalisation
- globalisation is a positive force, but is hampered by local governance when it fails
Insititutionalism
- creates wealth fast, requires strong cooperation to work effectively, financial institutions involved in moderating, i.e. IMF, World Bank
- fair trade accommodating poor nations
Amartya Sen - development of capabilities, access opportunity is the ultimate benefit - access to opportunity is the key objective of international development
Consumerism
- escalating consumption
- disposable products
- instinctual human demand for new and more - infinite wants
Where does our responsibility lie? Do we draw a line?
No craftsmanship anymore - mass production has taken over - no cultural fingerprint
Global monopolies have no cultural fingerprint
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