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Transcript of Globalization
…all those processes by which the peoples of the world are incorporated into a single world society. Aspects of Globalization. The International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge. Global Business Organization International Trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). Trade agreements and special trade zones Globalization = Tourism Tax Havens INFORMATION Global Information System Hong Kong tops The Globalization Index for the second consecutive year 2012 The INTERNET Social Media Social Networking Economic Globalization Economic globalization comprises the globalization of production, markets, competition, technology, and corporations and industries. Current globalization trends can be largely accounted for by developed economies integrating with less developed economies, by means of foreign direct investment, the reduction of trade barriers as well as other economic reforms and, in many cases, immigration. Globalization Index Sociocultural Globalization Multilingualism and lingua francas Politics Political Organizations such as the European Union United Nations Population Growth Growing populations, falling energy sources and food shortages will create the "perfect storm" by 2030, according to UK chief government scientist John Beddington. He noted that food reserves were at a 50-year low and the world would require 50% more energy, food and water by 2030. International travel has helped to spread some of the deadliest infectious diseases.Programs on the complete eradication of certain diseases such as polio, small pox and rinderpest Population Growth Global Health World Population The world population has experienced continuous growth since the end of the Great Famine and the Black Death in 1350, when it stood at around 370 million. World Health Organization (WHO) achieving equity in health for all people worldwide Overpopulation Sport Olympics & Paralympics The FIFA World Cup is the world's most widely viewed sporting event Global Natural Environment Global Warming Climate Change Demand for even more resources Complete Exploitation of Natural Resources Deforestation Global Workforce INTERNATIONAL MIGRATION immigration illegal immigration Brain Drain So, Pros and Cons Support and Criticism on the Concept of Globalization Globalization is good for business. N E W S Commonwealth of Nations - BRITISH Colonies OPEC - Organization of Petroleum Exporting Countries Economic Organizations ASEAN - Association of South-East Asian Nations NATO is defined as a process that, based on international strategies, aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments. Globalization Again
Non-economists and the wide public expect the costs associated with globalization to outweigh the benefits, especially in the short-run. Less wealthy countries from those among the industrialized nations may not have the same highly-accentuated beneficial effect from globalization as more wealthy countries, measured by GDP per capita . Although free trade increases opportunities for international trade, it also increases the risk of failure for smaller companies that cannot compete globally. Additionally, free trade may drive up production and labor costs, including higher wages for more skilled workforce. contra Domestic industries in some countries may be endangered due to comparative or absolute advantage of other countries in specific industries. Another possible danger and harmful effect is the overuse and abuse of natural resources to meet new higher demands in the production of goods. Ideally, globalization should have resulted in creation of wealth and prosperity, but corporate greed and corrupt government has ensured that money is not distributed equally. The
Human Development Index Pros mentioned already A I D S A Potential catastrophic Virus can be easily spread around the world Like The Ebola virus & Outsourcing Democratic globalization is a movement towards an institutional system of global democracy that would give world citizens a say in political organizations. This would, in their view, bypass nation-states, corporate oligopolies, ideological Non-governmental organizations (NGO), political cults and mafias. Global Democracy An increase in exploitation of child labor: Countries with weak protections for children are vulnerable to infestation by rogue companies and criminal gangs who exploit them. Examples include quarrying, salvage, and farm work as well as trafficking, bondage, forced labor, prostitution and pornography. An Increase in Exploitation of Child Labor Anti-globalization movement and Anti-consumerism Anti-global governance Since the two world wars, there has been solid opposition to the idea of a world government, as advocated by organizations such as the World Federalist Movement (WFM). Those who oppose global governance do so on objections that the idea is infeasible, inevitably oppressive, or simply unnecessary. Overview Humans have interacted over long distances for thousands of years. The overland Silk Road that connected Asia, Africa and Europe is a good example of the transformative power of international exchange that existed in the "Old World". Philosophy, religion, language, the arts, and other aspects of culture spread and mixed as nations exchanged products and ideas. In the 15th and 16th centuries, Europeans made important discoveries in their exploration of the oceans, including the start of transatlantic travel to the "New World" of the Americas. Global movement of people, goods, and ideas expanded significantly in the following centuries. Early in the 19th century, the development of new forms of transportation (such as the steamship and railroads) and telecommunications that "compressed" time and space allowed for increasingly rapid rates of global interchange.In the 20th century, road vehicles and airlines made transportation even faster, and the advent of electronic communications, most notably mobile phones and the Internet, connected billions of people in new ways leading into the 21st century. from Wikipedia FIN Sources and Acknowledgement
Many Thanks to Wikipedia for an Overview on Globalization
www.Buzzle.com to Prabhakar Pillai, Veethi Telang, & Rahul Thadani
www.investopedia.com to Nicolas Pologeorgis, our parents, google
my groupmates, Maam Edz Conclusions Provides Wider Choices Improves Quality Improves Communication and Transportation Boosts Economy Provides Freedom of Choice Spreads Knowledge Promotes Progressive Thinking What it Affects Promotes Traits of Commercialism Destroys Ethnic Cultures Affects Local Markets Promotes Danger of Spreading Disease Creates Social Divides Leads to Wastage of Resources Promotes Health Risks What
You? OR Open your mind widen your mind. connect. Its a big world out there. Globalization. You've got time. WHY? GET A CUP OF COFFEE think. maybe you're at home. or away, and to... Globalization