The Impact of Globalization on Economic Welfare, Interdependency Risks, and Sustainability

The video explores globalization's impact on economic welfare, focusing on multinational corporations (MNCs) and their influence. It discusses the advantages and disadvantages of MNCs, including economic growth, job creation, tax issues, and cultural dilution. The video also examines global interdependency risks, trade volatility, and the uneven distribution of income. Finally, it addresses sustainability challenges, such as resource depletion and environmental damage, questioning the long-term viability of globalization.

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