The document discusses several aspects of globalization including increased interconnectedness through transportation and communication technologies. It provides examples of how people from different parts of the world interact through trade, travel, and shared media. Globalization has positive economic impacts like improved standards of living but also cultural impacts like increased awareness of foreign cultures and loss of local culture. It also notes environmental impacts both positive and negative from factors like resource use and climate change.

3.  Interconnected and
interdependent world with free
transfer of capital,goods,and
services across national
frontiers

4.  A British professor’s lecture in an American
University is made available to scholars in
US via web-conference
 An Indian, receives a Master's degree in
Europe, will work for an American registered
company, which is based in China and started
by an Italian……

5. People in different parts of the world:
▪ Wear clothes made in China
▪ Drive cars made in Japan
▪ Sip Australian Wine while watching the LIVE
telecast of a soccer match in Germany

6.  Share views and news Globally
 Sell local products (e.g. OCK Curry
Puff) in the global market (e.g. Malaysia,
China, Indonesia, etc.)

7. Political globalisation
Governmental action takes place on a global level
Economic Globalisation
Increasing occurrence, speed and intensity of production
trading and financial exchange
Cultural globalisation
Growth in the exchange of cultural practices between nations
and peoples

8.  Transportation
 Increasing mobility of goods and people
 Countries have built efficient and integrated
transportation infrastructure (e.g. airports,
seaports, railways, highways to facilitate
movement)

9.  Transportation
 Improvements in transport technology has “shrunk” the
world
 19th century steam engine  20th century jet engine,
large ocean-going vessels move people
 Containerisation moves goods fast and cheap over long
distances (ships  trucks)

11.  Communications
 Faster and more convenient communication
 People all over the globe can communicate via
telephone, e-mail, fax, video conferencing, etc
 Satellite technology allows for simultaneous
communication
 Optical fibre systems can transmit large amounts of
information and very high speeds

12.  Communications
 Internet has enabled consumers to access information
instantly, conveniently and efficiently
 Internet has transferred the way people communicate,
do business, obtain information and purchase goods and
services

13. Multinational Companies
 Large global firms that operate in a number of
countries and have production and service facilities
outside the country of their origin
 Example: Microsoft,Toyota

14. Multinational Companies
MNCs set up operations in different parts of
the world because:
 Sourcing for new markets
 Lowering cost of production
 Production of different parts for products and
assembly done in a variety of countries

15. Impact Of Globalization

16. Improvements in Standards of Living
 As countries trade and open their doors to foreign
investment, they earn more revenue
▪ As a result, their citizens benefit from a higher
standard of living
▪ Free trade allows for a larger variety of foreign
goods for the consumer to choose from
▪ Better quality of life

17.  Increased Awareness of Foreign Culture
 Travel, the Internet, mass media (products of globalization allow
you to learn more about foreign culture
 Loss of Local Culture
 Global (Western) brands dominate consumer markets in
developing countries
 Creation of homogenous culture across the world
 Spread of pop culture and erosion or loss of local culture
 Negative influence of youth
 Enforced beliefs

18.  Depletion of natural resources by MNCs
 Concern over profits vs. protection of the environment
 Lack of funds to implement environmental protection
 Environmental Degradation
 Deforestation and Related Problems
 GlobalWarming

19. Economic Social Environmental
Good Effects
- Improvement in
Standard of Living
- Competition Among
Nations (Investment &
Market)
Good Effects
- Increased Awareness of
Foreign Culture
Good Effects
- Environmental
Management
Bad Effects
-Competition Among
Nations (Talent)
- Widening Income Gap
between the Rich and the
Poor
Bad Effects
- Loss of Local Culture
Bad Effects
- GlobalWarming
- Deforestation and
Related Problems