3. What is Globalization
• Process by which the
people of the world are
unified into a single
society
• Spread of; manufacturing,
services, market, culture,
life-style, capital,
technology, and ideas
across national boundaries
around the world.
4. Characteristics of Globalisation
Borderless
Information technology changes
Mobility
International cooperation
Talents Mobility and Integration
6. Advantages
Globalization lets countries do what they
can do best. If, for example, you buy
cheap steel from another country you
don’t have to make your own steel. You
can focus on computers or other things.
Globalization gives you a large market.
You can sell more goods and make
more money.
7. Consumers also profit from
globalization. Products become more
cheaper and you can get new goods
more quickly.
It promotes understanding
8. Disadvantages
Globalization causes unemployment in
industrialized countries because firms
move their factories to places where they
can get cheap workers.
Globalization may lead to environmental
problems. A company may want to build
factories in other countries because
environmental laws are not as strict as they
are at home. Poor countries in the third
world may have to cut more trees so that
they sell wood to richer countries.
9. Some of the poorest countries in the
world, especially in Africa, may get even
get poorer. Their population is not
educated as in developed countries and
they don’t have the new technologies.
Human, animal and plant diseases can
spread more quickly through
globalization.
10. Some of the poorest countries in the
world, especially in Africa, may get even
get poorer. Their population is not
educated as in developed countries and
they don’t have the new technologies.
Human, animal and plant diseases can
spread more quickly through
globalization.
