I made this all by myself for my CLASS 10 school project. Now I'am sharing this to you. My email is : alent1998@gmail.com alent1998@hotmail.com alenvarghese@rocketmail.com

2. Globalization is arguably the most important factor
currently shaping the world economy. Although it is not
a new phenomenon (waves of globalization can be traced
back to the 1800s) the changes it is bringing about now
occur far more rapidly, spread more widely and have a
much greater business, economic and social impact than
ever before.

3. GLOBALIZATION

4. Some special features of globalization in
present days
 Growing interdependence of all processes
 Establishing of a global financial-economic
area
 Information technologies - WWW
 Change in the state’s functions – vanishing
of the national boarders
 Universality of the world – dissemination of
the democratic system and socio – cultural
values

7. SUB. Trade Migration Telecommunications
Nature
Flows of physical
goods
Flows of people Flows of information
Types
Raw materials,
energy, food, parts
and consumption
goods
Permanent,
temporary (migrant
workers), tourism,
business
transactions
Communication, power
exchanges, symbolic
exchanges
Medium
Transport modes and
terminals (freight)
Transport modes
and terminals
(passengers)
Transport modes and
terminals (postal),
telecommunication
systems
Network
Hub and spoke with
interconnections
Hub and spoke
Redundant and diffuse
(point to point)
Main
Gateways
Ports Airports Global cities
Speed Low to average Slow to fast Instantaneous
Capacity Very large Large Almost unlimited

8. There are three main types of flows in a global economy:
Concerns flows taking place to satisfy material demands
ranging from raw materials to finished goods. This is mainly assumed by
maritime shipping, which is supported by port infrastructures acting as the
main gateways of this flow system, but airports play an important role in the
trade of high value goods.
The flows of people taking place for a variety
of reasons, most of them related to tourism with air transportation being
the dominant mode supporting such flows. The global air transport system
can handle about four million passengers per day
 Freight (trade).
 Passengers (migration).

9. The complex and extensive
flows of information used for communication, power exchanges (e.g.
an online order) and symbolic exchanges (e.g. education). Information
flows can both take a physical (e.g. parcels) and non-physical form,
which are dominantly articulated by a network of global cities.
 Information (telecommunications).

11. Today, it seems that globalization is an irresistible
process. Some people believe that globalization has
brought some positive side in our life such as free
trade and environmental protection. However, others
argue that the process of globalization has negative
effects in terms of culture and economy. Who is right
or wrong? In this, I will discuss the advantages and
disadvantages of globalization relating to cultural
globalization, economical globalization and political
globalization.

12. Impact on Culture/Community
• Positive effects
• Increased
cultural
exposure and
understanding
• Closer cross-
border ties
 Negative effects
 More mobility disrupts
social life, particularly
in remote or rural
communities
 Disintegration of local
communities
 Cultural
homogenization and
monoculture / reduced
cultural diversity

13. Impact on the Environment
 Positive effects
 More efficient use
of resources
 Increased demand
for and transfer of
more efficient
technologies
 Increased incomes
lead to greater
concern for
environmental
protection
 Increased consumption
 Advertising creates
artificial needs
 Greater use of fossil
fuels (increased travel)
 Increased surplus and
scarcity
 Increased degradation
from unregulated
businesses
 More factories require
more infrastructure

14. Impact on the Government
 Positive effects
 Increased
economic
development
 Expanded
infrastructure
 Transfer of
modern
management
techniques
 Greater
interdependence
among business
partners
o Negative effects
 MNC power increased
 MNCs externalize cost to
countries
 Competition results in
too many concessions
 MNCs influence local
policies
 Companies incorporate
in low tax countries
 Pressure to reduce social
benefits

15. • Positive effects
• Increased job
opportunities
• Upgraded
education
system
• Increased
training
 Negative effects
 Job displacement
 Loss of industries or
economic groups
 Lowered labor
standards
 Downward wage
pressure
 Decreased union power
 Diminished social
contract

17.  Consumers also profit from globalization.
Products become cheaper and you can get
new goods more quickly.
 Globalization lets countries do what they can do
best. If, for example, you buy cheap steel from
another country you don’t have to make your
own steel. You can focus on computers or other
things.
 Globalization gives you a larger market.
You can sell more goods and make more
money. You cancreate more jobs.

18.  Globalization causes unemployment in
industrialized countries because firms move
their factories to places where they can get
cheaper workers.
 Globalization may lead to more environmental problems. A
company may want to build factories in other countries
because environmental laws are not as strict as they are at
home. Poor countries in the Third World may have to cut
down more trees so that they can sell wood to richer
countries.

19.  Globalization can lead to financial problems . In the 1970s
and 80s countries like Mexico, Thailand, Indonesia or
Brazil got a lot of money from investors who hoped they
could build up new businesses there. These new companies
often didn’t work, so they had to close down and
investors pulled out their money.
 Some of the poorest countries in the world, especially in
Africa, may get even poorer. Their population is not
as educated as in developed countries and they don’t
have the new technology that we do.
 Human, animal and plant diseases can spread more
quickly through globalization.

21. 1. Alent Cheria Varghese ----} LEADER
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