The Big Picture on Globalization

Economic development varies from region to region. Globalization provides opportunities to certain world regions by increasing national income and other value-added profit activities. However, it can negatively affect cultural independence and ecological and human well-being. Globalization is a major theme in later units of this course. Ian Goldin, a professor of globalization and development at the University of Oxford, presents the advantages and disadvantages of globalization in this video from the World Economic Forum.