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Transcript of Globalization
What is it?
is a term that describes the way countries and people of the world interact and integrate.
= how countries are coming together as one big global economy
Development of communication technologies
What helps globalization grow?
Improvements in transportation
Labor availability and skills
Support from organizations that promote trade
GATT and WTO
Promotion of free trade
Intellectual property restrictions
Harmonization of these restrictions around the world
Recognition of these restrictions
Easier to buy and sell goods and services across countries
There are increases in standards that are applied globally
Greater sharing of information, through the internet, or television
International trade rate increases
Greater role of multinational corporations
International travel and immigration
Some suggest that free trade leads to a more efficient distribution of resources
Globalization has been supported and actively promoted by governments.
Many believe that globalization helps out developing countries by bringing them business.
According to a report by the World Bank
Poverty in India and Indonesia was cut in half!
People in poorer nations are living longer and better lives because they were making more money.
A Supporter of Globalization
Believe that globalization can bring people together and make everyone richer without getting rid of local cultures.
ization would eventually cause
Populations are shown to mimic the international flow of capital and labor markets through immigration.
Foreign resources and economic measures usually impact native cultures and cause cultures to lose some of its aspects
Helps rich people get richer by making poor people poorer
Offshore outsourcing is often a part of globalization.
International groups like the World Bank and the International Monetary Fund (IMF) have made it harder for poorer nations to get richer.
Globalization also means that problems from other countries will affect your country.
Many countries also dislike it when international organizations are given little say in any decisions.
Globalization may mean that fewer people are making decisions.
It leads to global brands, like Coca-Cola and McDonald's, to take over smaller, local shops and businesses.
2/3 of international trade is accounted for by just 500 corporations.
The fact that powerful countries have bigger influence on world culture than others is criticized.
People Who Are Against It
Effect on Culture