Globalisation
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Globalization refers to the increasing interdependence of national economies through trade, investment, and communication across borders. It has been driven by improvements in communication, transport, free trade agreements, global banking, and the growth of multinational corporations. While globalization can increase economic growth through free trade and reduced cultural barriers, it also has disadvantages like infringing on national issues, decreasing environmental protections as corporations seek out cheap labor abroad, and disrupting economies through spread of economic impacts and diseases between nations. Overall, globalization is an ongoing process that countries must learn to benefit from while minimizing costs and spreading opportunities widely.
Globalisation
- 1. GLOBALISATION Presented by Thang Hoang Tran
- 2. Outline: Globalization. What drive to globalization? Effect of globalization on economic growth. Conclusion.
- 3. Globalization • “Processes by which goods, services, capital, people, information, and ideas flow across national borders.” (Grewal/Levy) • “Trend toward greater economic, cultural , political, and technological interdependence among national institutions and economies.” (Wild/Han)
- 4. What drive globalization? 1. Improved Communications 2. Improved Transport 3. Free Trade Agreements 4. Global Banking 5. The Growth of MNCs
- 5. Effect of globalization on economic growth. Advantage • Increased free trade between nations • Global mass media ties the world together • Reduction of cultural barriers increases the global effect • Increases in environmental protection
- 6. Disadvantage • International organization like the World Trade Organization infringe on national and individual issue • Decreases in environment as polluting corporations take advantage of weak regulatory rules in developing countries • Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor • Increased likelihood of economic disruptions in one nation effecting all nations • Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage • Greater risk of diseases being transported unintentionally between nations
- 7. Conclusion • Globalization is here to STAY We need to learn how to reap Globalization benefits, and minimize costs. • Understand its impacts • Work to remedy the problems • Work to spread the benefits as widely as possible
- 8. THANK YOU
Editor's Notes
- #4: There was a time when most regions were economically self-sufficient. Locally produced foods, fuels and raw materials were generally processed for local consumption. Trade between different regions was quite limited. Today, the economies of most countries are so interconnected that they form part of a single, interdependent global economy. - “Processes by which goods, services, capital, people, information, and ideas flow across national borders.” (Grewal/Levy) - “Trend toward greater economic, cultural , political, and technological interdependence among national institutions and economies.” (Wild/Wild/Han)
- #5: So, when did the globalization start? We usually think that globalization have start in 18 century, but Globalization have started since the first travelers come to another country, because they brought their culture, language and goods to different country. And in recently, globalization become a trend and more popular around the world. So what is the reason of globalization? I will present you 5 main reasons lead to globalization:
- #6: Increased free trade between nations Increased liquidity of capital allowing investors in developed nations to invest in developing nations Corporations have greater flexibility to operate across borders Global mass media ties the world together Increased flow of communications allows vital information to be shared between individuals and corporations around the world Greater ease and speed of transportation for goods and people Reduction of cultural barriers increases the global effect Spread of democratic ideals to developed nations Greater interdependence of nation-states Reduction of likelihood of war between developed nations Increases in environmental protection.
- #8: To conclude the benefits of economic reforms on the economy would get achieved, only if the negative impacts are settled or neutralized. Hence, along with globalisation and restructuring the economy, efforts.