Globalisation (sep 01,2019)

Globalisation (sep 01,2019)

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  GLOBALIZATION Presented By:  SaharHamid  Urooj Ahmad  Ikram Gohar  Shahrukh Ghulam Nabi
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  GLOBALIZATION “Globalization is theprocess by which all peoples and communities come to experience an increasingly common economic, social and cultural environment. By definition, the process affects everybody throughout the world.”
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  HISTORY The origin ofglobalization can be traced back till the 16th century when the West started to explore and discover for the new worlds and continents, bringing the English to India in form of East India Company, there first multinational was born for us and the rest is recorded history. The process of global economic integration was perpetrated at the behest of World War II and the first Great Depression, when the leaders of Britain and the US fumbled with the idea of reconstructing the war-torn world monetary system with a focus on favoring free of capital internationally, turn endure a liberal, capitalist world at the end of war to counter the shadows of Socialism and Marxism. To promote the new monetary world order, a conference was convened in July 1944, at Bretton Woods, New Hampshire, to create the world's most powerful institutions: the International Bank for Reconstruction and Development (the World Bank), and the Internationally Monetary Fund (IMF).
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  DRIVERS OF GLOBALIZATION Themedia and almost every book on globalization and international business speak about different drivers of globalization and they can basically be separated into five different groups: Multinational Corporation International Institute Social Meida
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  DIMENSIONs OF GLOBALIZATION  EconomicGlobalization  Socio-Cultural Globalization  Political Globalization
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  Economic Globalization: Economic globalizationrefers to “the intensification and stretching of economic interrelations across the globe” Political Globalization Political globalization refers to “the intensification and expansion of political interrelations across the globe”
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  Socio-culture Globalization: Cultural globalizationrefers to, “the intensification and expansion of cultural flows across the globe”
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  FACTORS THAT HAVE CONTRIBUTEDTO GLOBALIZATION  Containerization  Technological change  Economies of scale  Differences in tax systems  Less protectionism  Growth Strategies of Transnational and Multinational Companies
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  ADVANTAGES OF GLOBALIZATION Financial and technical resources and expertise.  Good business practices.  Comforts of life.  Infrastructure improvement  Pluralism. DISADVANTAGES OF GLOBALIZATION  Increasing materialism and consumption  Excessive expansion of credit  Corruption and Crime  The brain drain  Family Fabric.
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  EFFECT OF GLOBALIZATION Enhancement in the information flow between geographically remote locations  The global common market has a freedom of exchange of goods and capital  there is a broad access to a range of goods for consumers and companies  worldwide production markets emerge  free circulation of people of different nations leads to social benefits  global environmental problems like cross-boundary pollution, over fishing on oceans, climate changes are solved by discussions  International travel and tourism increases  Worldwide sporting events like the olympic games and the FIFA world cup are held
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  EFFECT OF GLOBALIZATION More trans border data flow using communication satellites, the internet, wireless telephones, etc.  International criminal courts and international justice movements are launched  The standards applied globally like patents, copyright laws and world trade agreements increase  Corporate, national and sub-national borrowers have a better access to external Finance  worldwide financial markets emerge  multiculturalism spreads as there is individual access to cultural diversity. This diversity decreases due to hybridization or assimilation
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  POSITIVE EFFECT OF GLOBALIZATIONON PAKISTAN  Provide a higher income for people in third-world nations  Raise the standard of living of most of these people from extreme poverty to moderate poverty, so that they can eat more nutritious foods and have cleaner potable water.  With higher income also comes better education -- knowledge is being shared  With better knowledge, better understanding about health care, superstition, poor habits, and human rights  Hopefully a better chance at world peace and less racial and religious hatred.
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  NEGATIVE EFFECT OF GLOBALIZATIONON PAKISTAN  Exploitation of Labor  Job Insecurity  Terrorism Activities  Pollution  Discourage for Local Industries
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  CONCLUSION As globalization involvesenterprises and workers of nearly all the world's countries in the goods as well as in the service sector. Consequently, the majority of the world's labor force is experiencing the effects of international competition. There is need for a coordinated and collaborative effort among the South Asian countries to expand trade in the region. Pakistan needs to diversify its exports base and shift from primary agricultural products to more value added and industrial products. Privatization will have to be placed at the top of the Government agenda. Pakistan should increase exports not only to earn more foreign exchange but also to join the world community in globalization