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arbin pant

on 17 March 2014

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Transcript of Globlization

Loose and poorly-defined concept
Globalization is the process by which people and economics around the world are being increasingly interconnected, which therefore creates a sphere of influence
Wide phenomenon
encompasses a range of social, political, and economic changes
Geography has become the history !!!
Arbinda, Suman, Mukti, Basant & Emmanuel
Costs & Benefits
Case study
Globlization and ID
Globlization Vs south Asia
we don't see any Borders
The Social Impact of Globalization

Globalization of Politics
Globalization of the Economy
Globalization of Culture
Globalization of Law

Globalization of the Economy
Advances in communication and transportation technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility. Northern countries want to open world markets to their goods and take advantage of abundant, cheap labor in the South, policies often supported by Southern elites. They use international financial institutions and regional trade agreements to compel poor countries to "integrate" by reducing tariffs, privatizing state enterprises, and relaxing environmental and labor standards. The results have enlarged profits for investors but offered pittances to laborers, provoking a strong backlash from civil society. This page analyzes economic globalization, and examines how it might be resisted or regulated in order to promote sustainable development.

Globalization of Politics

Traditionally politics has been undertaken within national political systems. National governments have been ultimately responsible for maintaining the security and economic welfare of their citizens, as well as the protection of human rights and the environment within their borders. With global ecological changes, an ever more integrated global economy, and other global trends, political activity increasingly takes place at the global level.

Under globalization, politics can take place above the state through political integration schemes such as the European Union and through intergovernmental organizations such as the International Monetary Fund, the World Bank and the World Trade Organization. Political activity can also transcend national borders through global movements and NGOs. Civil society organizations act globaly by forming alliances with organizations in other countries, using global communications systems, and lobbying international organizations and other actors directly, instead of working through their national governments.

Globalization of Culture

Technology has now created the possibility and even the likelihood of a global culture. The Internet, fax machines, satellites, and cable TV are sweeping away cultural boundaries. Global entertainment companies shape the perceptions and dreams of ordinary citizens, wherever they live. This spread of values, norms, and culture tends to promote Western ideals of capitalism. Will local cultures inevitably fall victim to this global "consumer" culture? Will English eradicate all other languages? Will consumer values overwhelm peoples' sense of community and social solidarity? Or, on the contrary, will a common culture lead the way to greater shared values and political unity? This section looks at these and other issues of culture and globalization.
Globalization of Law

Law has traditionally been the province of the nation state, whose courts and police enforce legal rules. By contrast, international law has been comparatively weak, with little effective enforcement powers. But globalization is changing the contours of law and creating new global legal institutions and norms. The International Criminal Court promises to bring to justic odious public offenders based on a worldwide criminal code, while inter-governmental cooperation increasingly brings to trial some of the most notorious international criminals. Business law is globalizing fastest of all, as nations agree to standard regulations, rules and legal practices. Diplomats and jurists are creating international rules for bankruptcy, intellectual property, banking procedures and many other areas of corporate law. In response to this internationalization, and in order to serve giant, transnational companies, law firms are globalizing their practice. The biggest firms are merging across borders, creating mega practices with several thousand professionals in dozens of countries.
Globalization relies on three forces for development:

human migration
international trade, and rapid movements of capital
integration of financial markets.

Benefits of Globalization

•Greater free trade.
•Greater movement of labour.
•Increased capital flows.
•Growth of Multi-national companies.
•Increased integration of global trade cycle.
•Increased communication and improved transport, effectively reducing barriers between countries

Free Trade can Harm Developing Economies.
Environmental Costs
Labour Drain
Less Cultural Diversity
Little space for comparative advantge
Tax Competition and Tax avoidance.
Multinational companies like Amazon and Google, can set up offices in countries like Bermuda and Luxembourg with very low rates of corporation tax

Costs Of Globalisation
Reasons for growth of globalization
Growth of global trading blocks-EU, SAARC,NAFTA, ASEAN)
Increase in World Trade, Tariffs and other impediments,
Reduced tariff barriers encouraging global trade
Global Trade Cycle
Improved mobility of capital
WTO - more integrated and interdependent global economy,
Increased mobility of labor
Improved transport, making global travel easier

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