GLOBALIZATION
INTRODUCTION
TO GLOBALIZATION
GLOBALIZATION
Most accounts view globalization as primarily an
economic process.
The process of transformation of the whole world
into the global village.
The borders of countries are open to reciprocal
integration and connection.
The growing interdependence of the world’s
economies, cultures, and populations.
Cultur
e
Societ
Econo
y
my
Environm
ent
Politi
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Globalization Concept
Map
Examples of
Globalization Cultur
Economic e
globalization
Financial Econo Societ
my y
globalization
Cultural
globalization
Politi
Political cs
Environm
globalization
ent
Sociological
globalization
Technological
Economic Economic globalization is
globalization the development of trade
Financial systems within transnational
globalization actors such as corporations or
NGO’s.
Cultural
globalization
Political
globalization
Sociological
globalization
Technological
globalization
Economic Financial globalization can
globalization be linked with rise of a global
Financial financial system with
globalization international financial
exchanges and monetary
Cultural
globalization
exchanges.
Political
globalization
Sociological
globalization
Technological
globalization
Economic Cultural globalization refers
globalization to the interpenetration of
Financial cultures which, as a
globalization consequence, means nations
adopt principles, beliefs, and
Cultural
globalization
costumes of other nations,
losing their unique culture to a
Political unique, globalized supra-
globalization
culture.
Sociological
globalization
Technological
globalization
Economic Political globalization is a
globalization dynamic, nonlinear, global
Financial process of increasing and
globalization complicating the
interdependence between all
Cultural
globalization
elements of the global political
system.
Political
globalization
Sociological
globalization
Technological
globalization
Economic Sociological globalization
globalization refers to the assimilation of
Financial countries or across the
globalization international community in
economic terms.
Cultural
globalization
Political
globalization
Sociological
globalization
Technological
globalization
Economic Technological globalization
globalization is phenomenon by which
Financial millions of people are
globalization interconnected.
Cultural
globalization
Political
globalization
Sociological
globalization
Technological
globalization
Economic Geographical globalization
globalization is the new organization and
Financial hierarchy of different regions of
globalization the world that is constantly
changing.
Cultural
globalization
Political
globalization
Sociological
globalization
Technological
globalization
Economic Ecological globalization refers to
globalization global environment issues including
Financial population growth, access to food,
globalization worldwide reduction in biodiversity – the
gap between rich and poor.
Cultural
globalization
Political
globalization
Sociological
globalization
Technological
globalization
GLOBAL
BUSINESS
Globalization is making the
availability of businesses or
technologies all across the world
through the speed of markets.
In order to globalize a business, a
company need to bring change in a
business strategy made for a single
country to the special one having
ability to operate in multiple countries.
McDonald’s became so successful in the
worldwide markets because of its effective
strategy adapting the culture of different
countries in their menus to suit local tastes of
people.
IMPACTS OF
GLOBALIZATION
ositive and Negative Effects of Globalizatio
Positive Negativ
• Increase in national • Increased
e income
income inequality
• Access to global capital • Substandard working
• Emergence of new conditions
business opportunities • Greenhouse gas
• Increase in loans and emissions
investments • Global warming or air
• Technology transfer pollution
• Development of energy • Deforestation and loss
and communication sub- of biodiversity
structures • Shortage of laborers,
• Improvement of labor skilled
quality and working • Lack of local business
conditions and • Unequal economic
What Are the
Benefits of
Globalization?
1. Access to New Cultures
Globalization makes it easier than ever
to access foreign cultures, including food, movies,
music, and art.
2. The Spread of Technology and Innovation
Many countries around the world remain constantly
connected, so knowledge and technological
advances travel quickly.
3. Lower Costs for Products
Globalization allows companies to find
lower-cost ways to produce their products.
It increases global competition, which drives
prices down and creates a larger variety of
choices for consumers.
4. Higher Standards of Living Across the Globe
According to the World Bank, extreme poverty
decreased by 35% since 1990. This was achieved
five years ahead of schedule, in 2010.
5. Access to New Markets
Companies interested in these benefits
look for flexible and innovative ways
to grow their business overseas.
6. Access to New Talent
Globalization allows companies to find new,
specialized talent that is not available in their
current market.
Why is Globalization
Important?
Globalization changes the way nations, businesses and
people interact.
THANK YOU!
Questions:
[Link] are the good things and bad things about
globalization?
[Link] are those examples of globalization?
[Link] the discussion, what restaurant business is
the most common and clear example of
globalization?
[Link] your own, what makes globalization
important to you?
Group 4 Globalization