Globalization

Globalization

 Globalization represents the global integration of international

trade, investment, information technology and cultures.
 free movement of goods, services and people across the world in
a seamless and integrated manner.
Definition
World Bank
“Globalization is trade flows , investment flows and financial flows and
extend to flows of technology , information and services across
national boundaries.”
 3
Globalization Forms

Economic Globalization
 interconnectedness of economies through trade and the exchange of
resources.
Political Globalization
 amount of political co-operation that exists between different countries.
Technology Globalization
 Connection between nations through technology such as television, radio,
telephones, internet, etc.
Cultural Globalization
 Interaction of cultures around the world that are becoming more and more similar.

1/26/2019
Impact of globalization

Positive :
 Provides Cheaper Goods for Consumers
 Better Quality and Variety
 Innovation
 Gives Access to a Larger Market
Negative :
 Environmental Damage
 Fluctuation of Prices
 Job Insecurity