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CM . . . .
Volume VII Number 8 . . . . December 15, 2000
Turbulence opens with a view of a peaceful meadow. But, as the camera follows a butterfly's
flight, the narrator reminds us that even the minor atmospheric disturbance of tiny, beating wings
can have a ripple effect. So it is with the global economy. The sales of stocks on one exchange
effect other markets, both local and world-wide: workers may lose their jobs, pension funds lose
value, and, as a result, there is less money to buy products and, therefore, less demand for them.
Globalization, a buzz-word of the late twentieth century, is a reality, for better or for worse. This
documentary offers a variety of perspectives on the impact of economic globalization: market
speculators, money managers, striking teachers in Ontario, squatters in Paris, factory workers in
Thailand, farmers in Mexico are all affected, often in diametrically opposite ways, by profits and
losses, mergers and acquisitions, supply and demand. There may be near-full employment in the
Canadian financial sector, but, in other industries, lay-offs are periodic (and expected). Similarly,
market forces have created a group of underemployed or unemployed individuals who would
dearly love to be wage-earners, rather than volunteers who give their time and services in order to
keep themselves occupied. And, in other parts of the world, the whims of North American
consumers dictate production levels and wages paid in Senegalese fish-processing operations or
Asian toy factories.
Recommended.
Joanne Peters is a teacher-librarian at Kelvin High School in Winnipeg, MB.
To comment on this title or this review, send mail to cm@umanitoba.ca.
Copyright © the Manitoba Library Association.
Reproduction for personal use is permitted only if this copyright notice
is maintained. Any other reproduction is prohibited without
permission.
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TABLE OF CONTENTS FOR THIS ISSUE - December 15, 2000.
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