Salvador Castro Globalization

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Salvador Castro Globalization

  1. 1. GLOBALIZATION
  2. 2. DEFINITION <ul><li>The development of an increasingly integrated global economy marked especially by free trade, flow of capital, and the tapping of cheaper foreign labor markets. </li></ul>
  3. 3. Major Countries Involved <ul><li>Africa </li></ul><ul><li>Asia </li></ul><ul><li>Europe </li></ul><ul><li>Latin America </li></ul><ul><li>Middle East </li></ul><ul><li>United States </li></ul><ul><li>Mexico </li></ul>
  4. 4. Pros of Globalization <ul><li>Much needed work in developing countries </li></ul><ul><li>Steady cash flow into the developing countries </li></ul><ul><li>Better life and future for its citizens </li></ul><ul><li>Acceptance of other cultures </li></ul><ul><li>Prevents war </li></ul>
  5. 5. Cons of Globalization <ul><li>Global economic restructuring of capitalism </li></ul><ul><li>Decline in organized labor and formal labor contracts </li></ul><ul><li>Loss of Economic and natural resources </li></ul><ul><li>Growing disparity between classes </li></ul><ul><li>Loss of traditions and cultures </li></ul>
  6. 6. Views of Globalization <ul><li>Pursuit of “free market” policies in the world economy </li></ul><ul><li>Growing dominance of Western forms of political, economic, and cultural life </li></ul><ul><li>Proliferation of new information technologies </li></ul>

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