Globalization

• Global Networks


  is a set of units manifesting certain ties or relationships that exist and operate beyond the territorial borders of a particular country.
• Globalization


  a process of INTERACTION and INTEGRATION among different nations’ people, companies, and governments.
• Globalization is a process driven by international trade and investment and aided by information technology.
• Globalization began with trade, economy, or exchange of products but became widespread through information technology
• Interdependence


  The mutual reliance between two or more groups
• Since the start of civilization, people have traded goods with their neighbors. Across times, different societies and civilizations had developed commercial trade routes and experienced cultural exchange.
• Privatization


  The government's policies to transfer government-owned corporations and sell them to the control of private sectors.
• Deregulation


  The streamlining government control over the industry for basic commodities. To deregulate means that the government will no longer intervene with certain companies.
• Liberalization 


  A policy wherein laws regarding restrictive importation of products are modified or abolished. When liberalization is implemented, the products of developed countries can now penetrate the market of developing countries. Reduction or removal of trade barriers such as tariffs and quotas.
• Types of globalization

  Economic, cultural, political
• Economic globalization


  an economic process that involves the movement of economic resources from one country to another.
• Cultural globalization


  refers to transmitting ideas, meanings, and values worldwide to extend and intensify social relations.
• Political globalization


  is the establishment of regional organizations. To establish a world under a single government.
• Positive effects of globalization


  1.Better products at lower prices

  2. Collaboration and shared resources.

  3. Cross-Cultural Exchange.

  4. Spread of Knowledge and Technology.

  5. Quick Technological Advances.

  6. Increased Household Income.

  7. Increased Open-Mindedness and Tolerance.
• Negative effects of globalization


  1.Environmental problems

  2. Economic Dependence

  3. Job Insecurity

  4. Threat to Local Economy

  5. Threat to Cultural Diversity

  6. Migration Challenges

  7. Spread of diseases
• What caused the rapid growth of globalization?

  Improved technology in transportation, the internet, and microprocessors
• What is globalization driven and aided by?

  Iternational trade and investment, aided by information technology.
• How did globalization began and became widespread?

  trade, economy, or exchange of products but became widespread through information technology