Introduction To GLobalization 1
Introduction To GLobalization 1
globalization
• It is Interconnectedness of people and business across the world that eventually lead to
global, cultural, political, and economic integration.
• The Liberation of countries of their impact protocols and welcome foreign investment into
sectors that are mainstays of its economy.
• It is a free movement of goods, services, and people across the world in a seamless and
integrated manner.
Globalization Defined by other Authors
• Borderless interaction
Globalization in Economics
• Multinational corporations operate on a global scale, with satellite offices and branches in
numerous locations.
• Outsourcing can add to the economic development of a struggling country, bringing much needed
jobs.
• Some automobiles use parts from other countries, as in a car being assembled in the Philippines
with the parts coming from Japan, Germany, or Korea.
• The Free World Trade Organization supervises world trade. The European Union is an economic
and political union of 28 countries that are located primarily in Europe.
• The North American Free Trade Agreement (NAFTA) is a trade bloc in North America.
• A dress with design inspired by the culture of Africa, made in South Korea, and sold in New York.
• A bag made in China, sold in America, and brought to the Philippines as souvenir to expectant
relatives.
Trivia Box
Examples of Globalization in Various Aspects
• Greek culture spread across Africa, Europe and Asia through Alexander the Great. This
is the reason there are cities named for Alexander in Africa, Egypt and Turkey.
• The Silk Road was a trade route between China and the Mediterranean Sea area and it
allowed the exchange of not only goods, but culture and knowledge.
• Christian missionaries from Europe added to the globalization of Christianity.
• Colonization all over the world was a major cause of globalization.
• Improved travel facilitated the growth of globalization, as people moved for a better
job, a better life, or fled from danger or oppression. Food is one factor of globalization.
One can find people eating sushi in Peru or Indian food in Europe.
• Satellite television allows shows from one country to be broadcast in many others,
adding to cultural globalization.
Trivia Box
Examples of Globalization in Various Aspects
Globalization in Technology
Government Association
Friendship/Relationship
Intensification and Acceleration of
Social Exchange And Activities.
Demerits of Globalization
Conclusio
n • Globalization needs permanent control from the
governments.
• Globalization affects all people's lives.
• Globalization has both advantages and serious
disadvantages.
• Reducing the impact of negative sides of
globalization is the main target of modern
scientists.