Globalization refers to the increasing interdependence between nations through increased trade, cultural exchange, and technological advancement. The document discusses the major factors driving globalization, including increased technology use, trade liberalization, and growing consumerism. It also outlines some of the key advantages of globalization, such as access to multiple markets and cultural awareness, as well as disadvantages like growing income inequality and threats to national sovereignty.

1. Chapter I
Part I
glbn.flv

2. Objective of Session
 To define globalization and international business
 To discuss the major advantages and disadvantages of
globalization
 To discuss factors affecting globalization
 To understand why companies engage in international
business

3. The Globe
 Continents: Asia, Africa, N America, S
America, Europe, Oceania,Antartica..en_continents.gi
f
 Continents are landmasses divided by oceans..
 Oceans.. Pacific, Atlantic, Indian, Southern
(Antarctic), and Arctic Oceans..world-oceans-map.jpg

4. Globalization
 Derived from the word globalize,
 which refers to ‘emergence of an international network of social and
economic systems’
 One of the earliest known usages of the term as the noun was in 1930 in
a publication entitled Towards New Education
 Sociologists Martin Albrow and Elizabeth King define globalization as:
…all those processes by which the people of the world are incorporated
into a single world society
 In The Consequences of Modernity, Anthony Giddens used following
definition
‘The intensification of worldwide social relations
which link distant localities in such a way
that local happenings are shaped
by events occurring many miles away and vice versa’

5. Globalization
 Definition:
‘emergence of interdependent relationships among people
from different parts of a world’
 Set of relationships
 Between different nations
 Globalization related relations…
 Aid to a poor country
 Fashion show paegent
 Football match
 Leisure trip
 Your SIP

6. How Globalized are you
Globalization_ You're living
IT_(360p).flv
Global
brands in
India
Globalization:
Indian
brands in
global
business

7. Factors in Increased Globalization
 Increased use of technology
 Liberalization of cross-border trade and resource
movements
 Development of services that support international
business
 Growing consumer pressures
 Increased global competition
 Changing political situations
 Expanded cross-national cooperation

8. The Criticisms of Globalization
 Threats to national sovereignty
 Growth and environmental stress
 Growing income inequality
 Pros and Cons of Globalization_(360p).flv

9. Advantages
 Access to multiple markets
 Collaborative decision making
 Cultural awareness
 Swift spread of information
 Tolerance upgradation

10. Disadvantages of Globalization
 Inequality of income
 Americanization
 Socially unequal distribution of world resources
 Commodification of labor
 Less accountability for rich countries in name of
development
 Spread of deadly diseases
 Inhumane use of PoW and child labor
 Human trafficking

11. Summary
 Globalization
 Factors affecting it
 Advantages
 Disadvantages