Globalization

• Globalization


  A term used to describe how trade and technology have made the world into a more connected and interdependent place
• Globalization (definition by Roland Robertson)


  The understanding of the world and the increased perception of the world as a whole
• Globalization (definition by Martin Albrow and Elizabeth King)


  All those processes by which the peoples of the world are incorporated into a single world society
• Types of Globalization


  • Economic
  • Social
  • Political
  • Financial
  • Technological
  • Ecological
• Economic Globalization


  The increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross border movement of goods, services, technologies, and capital
• Examples of Economic Globalization

  • McDonalds
  • WTO
  • Foreign Investments
• Social Globalization


  The sharing of ideas and information between and through different countries. The Internet and social media is at the heart of this.
• Examples of Social Globalization


  • Internationally popular films, books and TV series
  • Partnership with International Development Programs
• Political Globalization


  The increasing trend toward multilateralism. Setting up international organizations such as the UN, NATO, WTO, which debates and regulate international politics and trade.
• Examples of Political Globalization

  • UN - peace and security
  • NATO - Freedom and security
  • WTO - trade
• Financial Globalization


  Increasing global linkages created through cross-border financial flows. Countries should focus on producing goods they can make most efficiently, and exchange them for other products.
• Example of Financial Globalization


  • Expanding business from one country to another
• Technological Globalization


  The cross-cultural development and exchange of technology. The speed with which culture is diffused has changed as a result of technological advances.
• Ecological Globalization


  Ecosystems are constantly exchanging materials through the movement of air in the atmosphere, the flow of water in rivers and the migration of human and animals across the landscape.
• Examples of Ecological Globalization

  • Migration of human and animals
  • Massive Volcanic Eruption
• The development of technology made the culture diffused
• One of the negative effects of globalization is that it creates opportunities