Globalization Concept Map

Financial

• With financial globablization, global interconnectedness through a network of cities has become increasingly relevant for developing markets as they link financially with the rest of the world.

Real Life Example

Economic

• Stock markets are a great example of financial globalization because when one stock market has a decline, all the other stock markets get affected negatively too and so do the economies of the countries as a whole.

• Economic globalization is the growth of economic alliance and affiliation of countries' economies across the world through the trading of goods, services, technologies and money.
• The countries' economic situations can heavily depend on other allied countries'.

Political

Real Life Example

• Numerous companies have become transnational such as Walmart, Coca-Cola, McDonald's, etc.

• Governmental action takes place on a global level instead of a national level.
• Nations are trending toward more international collaboration.
• Responsibilities, such as the welfare of citizens and economic growth, are acted upon by an international political body.

Real Life Example

• The United Nations is one of many examples of political globalization.
• The United Nations is an intergovernmental organization that promotes peace and international cooperation and security.

Globalization

Technological

The trend toward greater interconnectedness and interdependence of all the countries of the world.

• Billions of people from around the world are connected by a variety of technologies that help them to communicate with other people.

Real Life Example

Ecological

• The World Wide Web unites people together especially with the various social media sites such as Facebook, Twitter, Instagram, YouTube, etc.

How Globalization Affects My Life

• All the examples that were presented before show how globalization affects my everyday life without even realizing that it does.
• Without globalization, my life would be completely different because society has evolved in so many ways through the integration of other nations that going back would be too hard to adjust to.

• This type of globalization refers to the idea that Earth should be treated as one single ecosystem.
• We are all living on the same planet so we must protect it because what happens to the planet affects everybody on it.

Real Life Example

• Climate change such as Global Warming affects everybody on Earth because we all live under one atmosphere.
• One nation can harm the planet and it will affect everybody.

Social/Cultural

• Social globalization regards to human cooperation and comunication within a variety of cultural communities, covering points like family, religion, education and work.
• This integration has the consequence of countries loosing their native culture.

Geographical

Sociological

Real Life Example

• Moving towards the trend of a borderless world that is not controlled by countries but by concerns and issues to help make the world a better place for everybody.

• Facebook is a huge contributer to social globalization because it has connected many different people from around the world with other people thus passing on the diverse cultures.
• The reason Facebook is so successful is because it connects people together and it is incredibly convenient to use at the same time.

• Refers to the many principles that certain attitudes/philosophy and ideal behviours should exist everywhere.

Real Life Example

• Global travel used to be a major concern for people for many reasons. One reason was that it was awfully inconvenient because it took so long to get to the desired destination.
• But with modern technologies such as the modern airplane, global travel has never been any easier.
• Without the collaboration of other countries, global travel would not be possible.

• Democracy is a real life example of sociological globalization because democracy is a system of government which has its own philosophy and ideal behviours.

Globalization Concept Map

By: Timoreh Ghaderi