Wednesday, October 7, 2015

Here is the summary of ideas written in class:

There is a link between capitalism and trade VS aid because most of the poor countries are dictatorships and capitalism is a way to fight against it.

There is a link between capitalism and monopoly powers because richer companies have most of the power, leading to underdevelopment in poor countries and over-development in rich countries.

Exploitation and poverty are linked because rich countries make benefits from the poor countries thanks to low wages. The low wages do not help the poor have better living conditions.

Technology, internet and communication are linked – we can share and buy things thanks to online websites. We can extend our economy globally.

Technology, internet and terrorism are linked – internet is the easiest way to broadcast ideas to a global audience.

Culture and the internet are linked – thanks to the internet we can share our culture. Nevertheless this can lead to some cultures disappearing or being undervalued.

Accountability and the environment – companies should be held accountable to improve their environmental footprint, but often are not.

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