2. Content Definition of Globalization Positive and Negative
Effects of Globalization on: Economy Culture Education
Conclusion
3. Definition
4. Understanding the Positive Effects on Economy Free Trade
Exchange goods and resources Increased Exports and import
5. Free Movement of Labour advantages to both workers and
recipient countries. Ex. If a country experiences high
unemployment, there are increased opportunities to look for work
elsewhere. This process of labour migration also helps reduce
geographical inequality
6. Greater Competition Domestic monopolies will try to develop
the quality of their products and services
7. Increasing Investment Investment by multinational companies
can play a big role in improving the economies of developing
countries.
8. Impacts Free Trade Can Harm Developing Economy Developing
countries are hard to compete with developed countries Developing
countries are often harmed by tariff protection
9. Labour Drain Some countries find it difficult to hold onto
their best skilled workers, who are attracted by higher wages
elsewhere
10. Increasing Environmental Issues Using non- renewable
resources Deforestatio n Pollution Global Warming
11. Positive Impacts on Culture Cultural Diffusion happens when
the cultural beliefs and social activities are spread through
different ethnicities, religions,
12. Multi-cultural Awareness You will start to understand the
world
13. Understanding Negative Impacts Loss of Local Culture The
cultures from around the world replace the local ones.
14. Less Cultural Diversity When the local cultures are lost,
the world culture will replace. Then it will become one.
15. Positive Effects on Education Local school will upgrade
their curriculum to a standard one Using technology in educational
sector International Schools will
16. Negative Impacts Local schools are hard to compete Some
learners having difficulties with languages and technology used in
school systems