Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Positive Impact:

Higher Standard of Living

Negative Impact:

Job Losses

Higher Standard of Living

Higher Standard of Living

  • Globalization results in a higher standard of living as globalization brings new markets, innovation, and the development of technology.

  • Globalization has also enabled international investing which creates the capital required for new technology and innovation.

Impacts in India

Impacts in India

  • India has seen rapid economic growth over the alst 30 years due to globalization

  • MNCs like Tata Group and HCL Technologies have emerged

  • Great infrastructure development

  • Recently, Tim Hortons expanded to India, opening 6 locations with more to come.

(Pari, 2021)

Job Losses

Job Losses

  • As MNCs try to cut costs, they move production to countries with lower wages and lower production costs.

  • This means factories get shut down, resulting in large job losses.

GM Oshawa Shut Down

GM Oshawa Shut Down

In 2019, MNC General Motors shut down their Oshawa plant to cut production costs. This resulted in the loss of more than 5000 jobs, and is a direct example of job losses due to globalization.

(Rossini, 2011)

Learn more about creating dynamic, engaging presentations with Prezi