Globalization – a definition The trend toward greater interconnectedness of the world’s...
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![Page 1: Globalization – a definition The trend toward greater interconnectedness of the world’s economic, technological, political, cultural and environmental.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649ef15503460f94c01da8/html5/thumbnails/1.jpg)
Globalization – a definition The trend toward greater
interconnectedness of the world’s economic, technological, political, cultural and environmental systems.
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Intro to GlobalizationPPT ADAPTED FROM VIDEO MADE BY WISSENSWERTE.E-POLITIK.DE
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All linked together
Economy
Ecology
Society
Politics
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Regional Organizations have more influence
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Communications
Radio, TV, Phones, Internet
Information is transferred worldwide, realtime, cheaply
TV delivers opinions clobally, even to remote areas. Eg. Everyone knows Justin Bieber, Gangnam Style
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Transportation
Container Shipping
Air Freight
Prices Down
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Trade
Open Markets
Reduced import tariffs, quotas and bans.
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Paving the way for big business
Put logo of coporation here
New Technology
Decreasing Transportation Costs
Liberalization of international trade
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Three main areas of Globalization
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Economic Sphere
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Economic Sphere
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Economic Sphere
MNC’s – Multi-Natinoal Coporations
Looking for:
Markets
Chap production
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Political Sphere
Important Policy Issues go beyond borders.
Seeking solutions from groups and organizations
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Political Sphere
NGO’s – Non Government Organizations can exert influence on politics
Greenpeace
Anesty International
Not democratic
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Political Sphere
Emergence of Global Political Forum
- Small states become less influential
- Have you heard of Liberia, Togo, Mauritius?
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Cultural Sphere
“McWorld” – dominance of western culture.
Music
News
Product
English Language
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Who wins with Globalization
Newly industrialized economies
Emerging economies in Brazil, Russia and China
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Who wins with Globalization?
China – 500 million have left extreme poverty
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Coutries that are not benefiting
Many Sub-Saharan countries are not ready, and have difficulty catching up
- Cheap products flood local markets, which can’t compete
- Little direct investment because of lack of infrastructure
eg. Transportation
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Industrialized Countries
New Markets but Increased Competition
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Globalization
New challenges and opportunities