Group Members

HARDIK VORA ( GROUP LEADER )

DWIDEEP ADHAV SIDDESH MUDALIAR

TEJAS DABHOLKAR
MAKARAND KELKAR KRISHNA IYER RAHUL POKALE SARVESH WAGH

INDEX

Meaning Definition Cultural Effect Of Globalization Income Inequality Global Market Expansion Anti Globalization Movement World Social Forum Globalization After World War II Technology Source Effect : Globalization Conclusion

Meaning of Globalization
Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade.

Definition of Globalization
Globalization is the system of interaction among the countries of the world in order to develop the global economy. Globalization refers to the integration of economics and societies all over the world. Globalization involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure.

Cultural effect of globalization

Globalization has influenced the use of language across the world. This street in Hong Kong, a former British colony, shows various signs, a few of which incorporate both Chinese and British English

Cultural Effect Of Globalization

McDonald's fast food as evidence of corporate globalization and the integration of the same into different cultures.

Income Inequality
The globalization of the job market has had negative consequences in developed countries. Mind workers (engineers, attorneys, scientists, professors, executives, journalists, consultants) are able to compete successfully in the world market and command high wages.

Income Inequality
This has resulted in a growing gap between the incomes of the rich and poor. This trend seems to be greater in the United States than other industrial countries. However the rate of increase rose sharply in the 21st century; it has now reached a level comparable with that found in developing countries

Global Market Expansion

A flood of consumer goods such as televisions, radios, bicycles, and textiles into the United States, Europe, and Japan has helped fuel the economic expansion of Asian tiger economies in recent decades.
The world today is so interconnected that the collapse of the subprime mortgage market in the U.S. has led to a global financial crisis and recession on a scale not seen since the Great Depression

Global Market Expansion

Since the mid-1970s, it has been argued that geographic diversification would eventually generate superior risk-adjusted returns for long-term global investors by reducing overall portfolio risk while capturing some of the higher rates of return offered by emerging markets
The increasing U.S. trade deficit with China has cost 2.4 million American jobs between 2001 and 2008, according to a study by the Economic Policy Institute

The Anti-globalization Movement

The anti-globalization movement developed in opposition to the perceived negative aspects of globalization The term 'anti-globalization' is in many ways a misnomer, since the group represents a wide range of interests and issues and many of the people involved in the anti-globalization movement do support closer ties between the various peoples and cultures of the world through, for example, aid, assistance for refugees, and global environmental issues.

World Social Forum

The World Social Forum (WSF) is an annual meeting, based in Brazil, which defines itself as "an opened space plural, diverse, non-governmental and nonpartisan that stimulates the decentralized debate, reflection, proposals building, experiences exchange and alliances among movements and organizations engaged in concrete actions towards a more solitary, democratic and fair world....a permanent space and process to build alternatives to neoliberalism. Neoliberalism describes a market-driven (neoclassical theories of economics)

Globalization after World War II

The present period of economic globalization originated following World War II.
Structural economic and military causes, along with intervening coalitional and institutional factors, are considered.

Trade policy change is examined in the five largest trading economiesBritain, France, the Federal Republic of Germany, Japan, and the United States.

Globalization after World War II

Cold Warrelated military interests appear to have been the strongest impetus behind the unilateral form of the liberalization.

Technology Source Effect: Globalization

Globalization has economic as well as political consequences. It also has brought into focus the effect of culture in this global environment, as how to bind in a time when the tensions of separation is hovering over every issue that is relevant to relations between two countries. The technology revolution has not been uniform in its effect and will be different in the different situations depending on the economic, political, cultural situations in the world economy.

Technology Source Effect

Technology has not only brought the world closer together, but it has allowed the worlds economy to become a single interdependent system. This means that we can, not only share information quickly and efficiently, but we can also bring down barriers of linguistic and geographic boundaries.

Conclusion
As globalization has progressed, living conditions (particularly when measured by broader indicators of well being) have improved significantly in virtually all countries. However, the strongest gains have been made by the advanced countries and only some of the developing countries. Every country should seek to reduce poverty. The international community should endeavorby strengthening the international financial system, through trade, and through aidto help the poorest countries integrate into the world economy, grow more rapidly, and reduce poverty. That is the way to ensure all people in all countries have access to the benefits of globalization.

LAST WORD
FOLLOW, LEAD OR GET OUT OF THE WAY!!!