GLOBALIZATION

TABLE
of contents
01 INTRODUCTION
04 FACTORS DRIVING
GLOBALIZATION

02
HISTORY OF
GLOBALIZATION 05 ADVANTAGE OF
GLOBALIZATION

03 MAJOR AREAS OF
GLOBALIZATION 06 DISADVANTAGE OF
GLOBALIZATION
 GLOBALIZATION
Globalization is a term used to describe
how trade and technology have made the
world into a more connected and
interdependent place.
 GLOBALIZATION
the speedup of movements and exchanges (of
human beings, goods, and services, capital,
technologies or cultural practices) all over the
planet. It promotes and increases interactions
between different regions and populations
around the globe.
 First wave of

HISTORY OF globalization (19th

century-1914)

Silk roads (1st

century BC-5th
GLOBALIZATION The “British” Industrial
Revolution. Innovations like
century AD, and the steam engine, the
13th-14th industrial weaving machine
centuries AD) and more

Spice routes (7th- Age of

15th centuries) Discovery (15th-
18th centuries)
Muslim traders already
dominated Mediterranean European explorers
and Indian Ocean trade connected East and
West.
MAJOR AREAS OF
GLOBALIZATION
SOCIAL GLOBALIZATION
The sharing of ideas and information
between and through different countries.
The Internet and social media is at the heart of
this. Good examples of social globalization
could include internationally popular films,
books and TV series.
ECONOMIC GLOBALIZATION
Refers to the increasing interdependence
of world economies as a result of the
growing scale of cross-border trade of
commodities and services, flow of
international capital and wide and
rapid spread of technologies.
Economic globalization is commonly seen
as the import and export of goods. It
can also be trade agreements that make
barriers to trade easier to overcome. The
presence of foreign companies and goods
in another market is also an example.
 TRADE BLOC
-a type of intergovernmental agreement where barriers
to trade are reduced or eliminated among the
participating states.
-groups of countries that establish rules for trade
between all participating countries. These rules are
designed to limit trade barriers such as subsidies,
tariffs, and quotas.
 EXAMPLES OF TRADE BLOC
WTO (World Trade Organization)
NAFTA (North American Free Trade
Agreement)
ASEAN (Association of Southeast Asian
Nation)
APEC (Asia Pacific Economic Corporation)
1.EU (European Union)
G8 or Group of Eight
 CULTURAL GLOBALIZATION
Refers to the spread of a culture throughout
the world.
Involves the spread of language, the arts,
food, business ideas, and technology, and
therefore, its impact is felt by almost
everybody in the world.
 ECOLOGICAL GLOBALIZATION
The interconnectedness of the environment
and human activities across the globe.
Internationally coordinated practices and
regulations regarding environmental protection
 POLITICAL GLOBALIZATION
Political globalization refers to the
intensification and expansion of political
interrelations across the globe.
Political globalization is the growth of the
worldwide political system, both in size
and complexity.
The creation and existence of the United
Nations has been called one of the classic
examples of political globalization. Political
actions by non-governmental organizations
and social movements, concerned about
various topics such as environmental
protection, is another example.
FACTORS DRIVING
GLOBALIZATION
 TECHNOLOGY
One of the primary factors that has accelerated the
globalization process is rapid technological
advancement. This has allowed for considerably
speedier and more cost-effective distribution of
commodities over great distances.
 TRADE LIBERALIZATION
The process of removing government-imposed trade
obstacles or limitations.
The government can employ trade barriers to
control or enhance international trade, as well as
decide what sorts of goods and how much of each
should be imported. Import taxes are an example of
a trade barrier.
 FOREIGN INVESTMENT POLICY
A company's considerable investments in a
foreign enterprise are known as foreign direct
investments (FDI).
The investment could be used to acquire a
material source, expand a company's territory, or
establish an international presence.
ADVANTAGE OF
GLOBALIZATION
 ECONOMIC CULTURAL
GROWTH ACCESS TO EXCHANGE
Globalization has
re ase d tra d e ,
MARKETS increase in travel,
facilita ted inc
co m m u n ica t ion , an d
investment, and provides acces
n o f ec o n om ies , s to trade has brought
in teg rati o new or differe
h e r le v els nt people and nations
lea d in g to hig markets for closer together,
of economic growth international g t o t h e s h a rin g
lea d in
business. of cultures.
 SHARING Better Services OF
DEVE L OP M E N T
TECHNOLOGY Through
RE S
technological INFRA S TRU CT U
advancement,
Transfer of technology
throughout the globe is
services like wa
ter Technological
supply, mobile ad va nc e m e nt a n d it s
good for us. Any country
networking, in s f er th ro u g h ou t
can borrow the ternet, tran
electricity sup
technology through the ply, the globe help to
and other servi th e c o un t ry ’s
agreement and can ces impr o v e
have been easi
implement it in their er and infrastructure.
better than bef
country. ore.
Increase in employment opportunities
Education
Increase in free trade
Faster flow of information
Increase in quality of goods and services
Decrease in prices of goods and services
Reduction in cultural barriers
DISADVANTAGE OF
GLOBALIZATION
 INCREASING UNEMPLOYMENT RATE

Due to advancement
of technology,
Human labors have
been replaced by
robots or machine
 ENVIRONMENTAL DEGRADATION

The deterioration of the

environment through
depletion of resources such
as quality of air, water and
soil; the destruction of
ecosystems; habitat
destruction; the extinction of
wildlife; and pollution.
 EXPLOITATION

Worker Exploitation.
Many companies in
developed countries have
outsourced their
production or services to
developing countries,
seeking to cut costs
 EROSION OF LOCAL CULTURE
Loss of cultural
identity-Globalization
often leads to the spread
of Western culture, which
can lead to the loss of
local cultural identity.
Unfair working conditions
Growing disparity
Rapid spread of diseases
 How important is
Globalization in your daily
life?
Thank
you!
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