According to International Monetary Funddefined, “Globalization refers to the growing economic interdependence of countries worldwide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology."

1. Welcome
Group Member:
1.Nahid Zaman Siddiqui Manna (ID -13829)
2. Fatematug Johura (ID-13837)
3.Esmail Hossain (ID-13917)
4,Himadri Bhattacharjee (ID-14095)
Group presentation on Globalization

2. Introduction
- Globalization
- How does globalization work?
- Impacts of Globalization
- Globalization and RMG: Bangladesh Perspective
- Business communication & globalization
- Adverse Impacts of globalization
- Conclusion

3. Globalization

4. Globalization
Globalization is the word used to describe the growing interdependence
of the world's economies, cultures, and populations, brought about by
cross-border trade in goods and services, technology, and flows of
investment, people, and information.

5. How does globalization work?
 Intergovernmental organizations: Examples the European
Union, the United Nations, the World Bank, the World Trade
Organization (WTO), and the International Monetary Fund
(IMF)
 Intergovernmental treaties: The North American Free Trade
Agreement (NAFTA) and the Comprehensive Economic and
Trade Agreement (CETA).
 Multinational corporations: US corporations to sell their
products to Mexico, Europe, and China.

6. Impacts of Globalization
• Economic Growth
• Cultural Exchange
• Technological advancements
• Increased collaboration

7. Globalization and RMG: Bangladesh
Perspective
- Bangladesh has become a key
player in RMG since 80s
- ‘Made in Bangladesh’ tagline
products been used by different
named brands like H&M,Zara,Polo
etc
- Bangladesh been watched by
different watch dogs of USA &
Europe for regulation as well as
health and safety of the workers

8. Business communication & globalization
- Texting , whatsapping with colleagues as well as clients in real time
- Video conference with buyers or colleagues
1.Saves money
2.Saves travel time
3.Real time problem solving
4. Shareholder meetings
Example: Zoom, Google meet etc are US based company. However, whole world is
using them for business purpose.The wave of internet has paved the way for
Globalization

9. Adverse Impacts of globalization in
business
- Domino’s effect during financial turmoil
Example- 2008 Financial crisis (Lehman brothers) hit hard in the Asian
markets ; 2023 Banks cash dry run – of Silicon Valley Bank, Signature
Bank creates domino effect which has bankrupted Credit Suisse Bank.
- Cultural and political appropriation

10. Thank you for your time & Patience
Feel free to ask any question