GEN 005 P1

• Globalization is a worldwide scale process of integration and international influence of economies and cultures, involving an exchange of goods, ideas and even anti-terrorist protections.
• Globalization leads to increased economic and cultural trade, including the way goods are produced, the delivery, the sale, and the movement.
• Globalization involves interaction between countries, with a significant part of globalization driven by Trans National Corporations (TNCs), companies that operate in more than one country and are often very large brands.
• Globalization increases interconnectedness and interdependence of countries, societies, economies around the world, driven by advances in technology, transportation, communication, economic, political and cultural factors.
• In economics, interdependence among international economies is a great starting point when seeking an understanding of globalization, with more technology advances and more transportation improving, bringing out more global outlets and reducing restrictions to movements of capital and investments.
• Globalization in the blending of cultures involves the spread of new cultures through travel, media, intermarriages, and cultural trade, with Christian missionaries from Europe contributing to the growth of globalization by spreading Christianity as they migrated from one country to another.
• Globalization in food involves the increased availability of food from different cultures, with Filipino or Korean food not limited to Philippines or Korea, but available worldwide.
• Globalization can also lead to loss of sovereignty and democratic accountability, as well as increased inequality and injustice.
• Globalization can also be seen as a way to promote peace by reducing the tensions between governments.
• Since the resources can be managed more efficiently, the cost of goods and services should also decrease.
• Globalization can be seen as a positive step towards reducing poverty, as world markets increase, more and more people should be able to find work and make money.
• Globalization leads to better communication and products can be traded worldwide.
• Globalization can also bring in McDonalds and take away from little restaurants.
• Companies make huge profit from globalization.
• One of the main features of globalization has been the growth of multinational companies, which are companies that have branches, subsidiaries, and plants in many countries, giving them greater flexibility and access to resources than companies that operate in only one country.
• Globalization in Technology refers to the increased cooperation and interdependence of countries on issues of global concern, such as security, human rights, and the environment, leading to greater stability and prosperity, as well as more effective responses to global challenges.
• Globalization has also helped spread ideas, scientific advances and new technologies throughout the world, including medical advancement, which is based on the sharing of ideas and techniques from around the world.
• Globalization in music, drama, cuisine, etc., has made it possible for us to experience many different cultures without leaving our country.
• Globalization can refer to the spread of ideas, values and customs around the world, leading to the understanding and appreciation of different cultures as well as to greater diversity and creativity, but it can also lead to homogenization and loss of cultural identity as well as to increase in conflict and misunderstanding.