Globalization sid

1. GLOBALIZATION

2. BY GROUP NO. 3

3. Globalization is a term used to
describe how trade and technology
have made the world into a more
connected and interdependent
place. Globalization also captures in
its scope the economic and social
changes that have come about as a
result.
I N T R O D U C T I O N
WHAT
IS IT?

4. VARIOUS WAYS OF
GLOBALIZATION
O N E

5. A HISTORICAL
VIEW
Globalizationisnotnew.Sincethestartofcivilization,people
havetradedgoodswiththeirneighbors.Asculturesadvanced,
theywereabletotravelfartherafieldtotradetheirowngoods
fordesirableproductsfoundelsewhere.TheSilkRoad,an
ancientnetworkoftraderoutesusedbetweenEurope,North
Africa,EastAfrica,CentralAsia,SouthAsia,andtheFarEast,is
anexampleofearlyglobalization
T W O

6. POSITIVE
IMPACTS
Globalizationprovidesbusinesseswithacompetitive
advantagebyallowingthemtosourcerawmaterialswhere
theyareinexpensive.Globalizationalsogivesorganizationsthe
opportunitytotakeadvantageoflowerlaborcostsin
developingcountries,whileleveragingthetechnicalexpertise
andexperienceofmoredevelopedeconomies.
T H R E E

7. EXAMPLE 1 – CULTURAL
GLOBALIZATION
Culturesarealsobeingspreadwithoutconfiningtopoliticalboundaries.Like,
theGreekcultureisbeingspreadoverAfrica,Asia,andEuropewhichcanbe
seeninthecitieshavingthenameofAlexanderinAfrica,Turkey,andEgypt.
TheSilkRoadwhichwasmadetoencouragetradebetweenChinaandthe
countriesaroundtheMediterraneanSeawillnotonlyflourishthetrade
betweenthesecountriesbutatthesametimealsoallowtheexchangeof
cultureandknowledge.Satellitetelevisionalsohelpsinspreadingthecultures
globallyastheshowsoftheonecountrywillalsobebroadcastedinmany
othercountriesoftheworld.
S E V E N

8. GLOBALIZATION NOT ONLY TOOK PLACE IN DIFFERENT INDUSTRIES BUT THERE
ALSO EXISTS DIPLOMATIC GLOBALIZATION. MANY INTERNATIONAL
ORGANIZATIONS HAVE BEEN ESTABLISHED IN THE PAST FOR DIFFERENT
REASONS CONSIDERING MANY OF THE COUNTRIES OF THE WORLD. FOR THE
SETTLEMENT OF DISPUTES AND PROVIDING GUIDELINES ON INTERNATIONAL
MATTERS WORLD TRADE ORGANIZATION WAS ESTABLISHED, FOR THE
GOVERNANCE OF GLOBAL HEALTH AND DISEASE WORLD HEALTH ORGANIZATION
(WHO) WAS ESTABLISHED, WORLD METEOROLOGICAL ORGANIZATION WAS
ESTABLISHED AS THE SPECIALIZED AGENCY OF THE UNITED NATIONS (UN) FOR
COLLECTING THE INFORMATION AND MONITORING THE TRENDS OF THE EARTH’S
ATMOSPHERE AND ITS INTERACTION WITH LANDS AND OCEAN AND THE
EUROPEAN UNION (EU) WAS ESTABLISHED WITH THE MOTIVE OF PROMOTION OF
HUMAN RIGHTS, TRADE, HUMANITARIAN AID, AND DEVELOPMENT, ETC. THE
DIPLOMATIC ORGANIZATION ALSO CONSISTS OF THINGS LIKE TREATIES AND
COOPERATION BETWEEN TWO OR MORE COUNTRIES ON DIFFERENT ISSUES. FOR
EXAMPLE, THE US AND CHINA COOPERATE TO COMBAT PIRACY OFF SOMALIA’S
COAST.
Example2–Diplomatic
Globalization
F O U R
ART

9. NEGATIVE
IMPACTS
Noteverythingaboutglobalizationisbeneficial.Anychange
haswinnersandlosers,andthepeoplelivingincommunities
thathadbeendependentonjobsoutsourcedelsewhereoften
suffer.Effectively,thismeansthatworkersinthedeveloped
worldmustcompetewithlower-costmarketsforjobs;unions
andworkersmaybeunabletodefendagainstthethreatof
corporationsthatofferthealternativebetweenlowerpayor
losingjobstoasupplierinalessexpensivelabormarket.
T H R E E

10. NOWLETUSKNOWTHE
FUTUREOF
GLOBALIZATION
S E V E N

11. Regardless of the downsides,
globalization is here to stay. The
result is a smaller, more connected
world. Socially, globalization has
facilitated the exchange of ideas and
cultures, contributing to a world
view in which people are more open
and tolerant of one another.