GEN 005 - P1

• Climate accords like the Kyoto Protocol and the Paris Climate Agreement have been put into place, where each nation agrees to invest in lowering its carbon emissions.
• Globalization is the growth on a worldwide scale and the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
• A greater number of goods can be exchanged, and production methods can be improved due to globalization.
• While world economies benefit from globalization, the spread of new cultures is also affected by Christian missionaries from Europe who added to the globalization of Christianity.
• As they migrated from one country to another, more and more people converted to a new spiritual way of living due to globalization.
• The more technology advances and the more transportation improves, the more global outlets are revealed in different areas, such as reducing barriers to international trades and reducing restrictions to movements of capital and investments.
• Globalization is also affected by open communication by the internet, especially intermarriages coming from dating site meet-ups.
• Improved travel facilitated the growth of globalization, as people moved for a better job or a better life.
• People can pack up all their belongings and have them shipped anywhere in the world due to globalization.
• Food is another factor of globalization, with Filipino or Korean food, for example, not being limited to the Philippines or Korea, but being enjoyed worldwide.
• Technology is a vehicle to globalization, especially the use of the internet, faster mode of travel by air, land, and water, latest models of communication tools and medical equipment, and life-saving drugs.
• Internationalization means to produce goods or deliver services that have the capability of entering into the international markets and have standards that are globally accepted.
• Internationalization means to expand the business and enter into the market of different countries. It is the process in which a business, firm, or individual expands and becomes part of other countries; it may be for goods supply, customer base, or other demand fulfillment.
• Liberalization is the process where a state lifts restrictions on some private individual activities.
• Liberalization refers to the process of eliminating unnecessary controls and restrictions for the smooth functioning of trade and business whereas globalization refers to the process by which ideas, goods and services are spread throughout the world by crossing the national boundaries.
• Interdependence among international economies is a great starting point when seeking an understanding of globalization.
• Migrants also fled from danger or oppression due to globalization.
• New cultures are being transmitted when more people are traveling or exchanging goods.
• Technological Globalization refers to the spread and development of technology around the world, including the spread of the internet, solar panel technology and medical technologies.
• International bodies including the United Nations, European Union and World Trade Organization are key multinational organizations designed to facilitate increasing political globalization.
• The movement of people is another aspect of social globalization, as people can go from one country to another easily, and those who are highly educated can get jobs in different nations with more ease than ever.
• Economic Globalization refers to the ways corporations do business as multinational organizations nowadays and the movement of manufacturing industries to developing nations to make the most of low wages and lower the price of goods. Whereas once McDonald’s only existed in the USA and HSBC only existed in the UK, now these companies are all over the world in a ‘globalized economy’.
• The hole in the OZONE LAYER required the world to ban CFCs.
• Political Globalization refers to the diplomatic negotiation between nation-states and includes the standardization of global rules around trade, criminality, and the rule of law.
• Westernization is the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence.
• Political Globalization creates INTERNATIONAL RULE OF LAW which helps prevent war crimes and police bad actors on the international stage.
• Ecological Globalization refers to the idea that the world needs to be considered one interconnected ecosystem, with the world needing to work together to address ecological issues that cross the borders of nation-states.
• Financial Globalization refers to the ease at which money can be spread around the world, with the growth of stock exchanges like the NYSE and FTSE as well as internationalization of financial markets making it easier for people to transfer money internationally.
• Sociological Globalization refers to the idea that we now live in a shared society with many different cultures within a society.
• Cultural Globalization refers to the spread and mixing of cultures around the world, with Arjun Appadurai talking about the possible effect of HOMOGENIZATION OF CULTURE, where dominant nations like the United States spread their cultures through television and movies, which leads to the dilution and loss of local and indigenous cultures and the rise of a GLOBAL CULTURE.
• Climate Change, which will affect the poorest nations (particularly low-lying nations in the Pacific and South-East Asia) even though much of the damage is caused by developed nations like the United States.
• Westernization reached much of the world as part of the process of colonialism and continues to be a significant cultural phenomenon as a result of globalization.
• Financial Globalization's benefit is it’s easy and cheap to get investments for new business ventures. You can find a Chinese, French or Canadian investor to wire you some money to start your business instead of just relying on local investors!
• Liberalization is more focused on the local economy than the global. It refers to easing rules and regulations on political or social matters. The term is used chiefly in the economic sense, where it means the removal of restrictions on trade and other economic activities.
• The term ‘globalization’ refers to the growing interconnectedness and interdependence between world cultures and economies. On the other hand, when a firm sells its products cross border, imports products from foreign countries, sets up business in a foreign country, then the firm is said to be in the process of internationalization.