2. DEFINE GLOBALIZATION
• What Is Globalization?
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and
aided by information technology.
This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Globalisation has resulted in:
- increased international trade
- a company operating in more than one country
- greater dependence on the global economy
- freer movement of capital, goods, and services
- recognition of companies such as McDonalds and Starbucks in LEDCs
3. FACETS OF GLOBALISATION
• Increasing connections take place through intensified flows of ideas, goods, and
people
• Ideas, technologies, and diseases
• Goods from many place of manufacture
• People migrations for work, political asylum, family consolidation, and long-distance
tourism
• The spread of images and message through the media of TV, film, the Internet and
print.
4. LOCALISATION
• Localization is both response to and the outcome of globalization.
• On the one hand, global exchanges and flows of information, ideas, people,
money, and technology move us toward worldwide political solutions,
economic exchanges, cultural attitudes, and environmental concerns.
• On the other, localization focuses on distinctive identities of places or
people in regions, countries, or local areas.
5. FACETS OF LOCALIZATION
• Despite globalization force, many local customs and practices preserve local
identities. Ex. Pop music
• Changes and intensification of ideologies, especially religious or political beliefs
• Religious difference among Christian, Muslim, Jewish, Buddhist, and Hindu
countries continue to be signification
• Demonstrators resist the visible economic penetration of countries around the
world by global media and corporations such as CNN, the Murdoch group,
McDonald’s, Starbuck, Toyota, and Nike