Q Why do some marginalised groups in the USA and Canada reject the idea of globalisation? Home, - Why these demonstrations were mostly directed at the IMF Question: a. After the Seattle 1999 World Trade Organisation Ministerial Conference there were many demonstrations against the idea of globalisation. Why these demonstrations were mostly directed at the IMF? ANSWER a):Seattle 1999 world trade organisation also called as battle of Seattleand the conference was launch to negotiate for trade which was generally associated with economic globalisation which later resulted in huge violence from protestor. The coverage of WTO resulted in story of CNN, ABC, NBC and CBS which lead the meeting the one the top news among four networks. There were occurrence of symbolic violence on several demonstrations which opened the new way to think about globalisation and operation of businesses(imf.org, 2001, pg.1(1)). The meeting and demonstrations directed to IMF due to the decision of globalisation was put forth by IMF for the benefit of all countries and to strengthen the system of international trading which was not accepted by many countries especially multilateral trade negotiations. The meeting of trade, environment organizations and IMF had drawn attention of anti-globalization activist. There were some extreme violent protests and multinational institution of economy such as WTO and IMF were observed as spearheads of economic globalisation. IMF was called as servant of corporations who are interested in their profits and misusing of power. IMF became a demonstration targetfor anti-globalisation activists. b. Why do some marginalised groups in the USA and Canada reject the idea of globalisation? In answering consider NAFTA (North American Free Trade Agreement). ANSWER b):NAFTA was an agreement which was executed and signed between Mexico, Canada and USA to eliminate the barriers to trade. However, it was considered that NAFTA will only benefit the average citizen and North American economies but not the minority group of workers who are exposed to competition.Marginalised group in Canada and USA rejected the idea of globalisation due to alteration of the local culture from the impact of globalisation. It was believed that globalisation will result in confusion and prevent the development self and identity. There was high chance of mixing of local identity with global identity which created a challenge for marginalised group of USA and China to adapt and reconcile and also was able to increase the prejudice scope. Related: Define absolute advantage and comparative advantage Why these demonstrations were mostly directed at the IMF How an export subsidy is theoretically meant to work Apply the gravity model to India and China How can MNEs act ethically in host countries Discuss marginal product of labour
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