globalisation overview, undertanding, definition, factors, impact, push pull factors

1. Globalisation Overview
Globalization is the process of interaction and integration among
people, companies, and governments worldwide. It involves the exchange
of goods, services, knowledge, and culture on a global scale, leading to
interconnectedness and interdependence.

2. Historical Background of Globalisation
1 Early Global Trade
Exploring the historical roots of global trade, from the Silk Road to the Age of
Exploration, provides insights into the evolution of interconnected economies.
2 Industrial Revolution
The industrial revolution played a crucial role in shaping global trade and
production, laying the foundation for modern-day globalization.
3 Post-World War Developments
Significant geopolitical changes post-World War II fostered international
cooperation and economic integration, shaping the modern era of
globalization.

3. Drivers of Globalisation
Technological
Advancements
Rapid technological progress,
including the internet and
digital communication, has
significantly facilitated global
interconnectivity. Increase in
International Trade.
Government Policies
Political decisions aimed at
reducing trade barriers,
encouraging foreign
investments, and fostering
economic cooperation have
been pivotal in driving
globalization.
Consumer Demand
Changing consumer
preferences for diverse and
globally-sourced products
have propelled globalization
trends.

4. Benefits of Globalisation
1 Economic Growth
Globalization has led to increased
economic opportunities, expanded
markets, and heightened global
GDP.
2 Cultural Exchange
Increased interaction among diverse
cultures has enriched societies
through the exchange of ideas, art,
and traditions.
3 Access to Innovation
Globalization has facilitated the spread of technological advancements and
knowledge, benefitting worldwide innovation and progress.

6. Trends of Globalisation

7. Challenges of Globalisation
Income Inequality
Globalization has widened the wealth gap,
leading to income disparities among
individuals and nations.
Environmental Impact
The increasing global trade and production
processes have contributed to environmental
degradation, pollution, and resource depletion.
Cultural Erosion
Concerns exist about the homogenization of cultures, potentially leading to
the loss of unique traditions and identities.

8. Impact of Globalisation on Economies
Enhanced Trade
Globalization has opened
up new markets and
created greater
opportunities for cross-
border trade and
investment.
Competitive Pressures
Nations face increased
competition from global
market players,
influencing local industries
and employment patterns.
Wealth Distribution
Globalization has
reshaped wealth
distribution, impacting
individual's access to
resources and economic
well-being.

9. Impact of Globalisation on Cultures
500M
Cultural Exchange
Over 500 million individuals travel internationally
each year, fostering the exchange of cultural
traditions and practices across borders.
200
Diverse Languages
Approximately 200 languages become extinct
annually, raising concerns about the preservation
of linguistic diversity in a globalized world.

10. Globalisation and Technology
Communication
Advancements in communication
technology have revolutionized global
interactions, making instant worldwide
connections possible.
Automation
Technological automation has streamlined
production processes, contributing to
increased efficiency and reduced costs.

11. Future Trends in Globalisation
Digital Transformation
Digital globalization and the integration of digital
technologies into businesses are expected to
continue shaping global economic trends.
Sustainability Imperative
The rise in emphasis on sustainable
development and eco-friendly practices will
influence future global trade and policies.

12. Conclusion
1 Continuous Evolution
Globalization is an ongoing, dynamic
process that continues to transform
economies, societies, and cultures
worldwide.
2 Complex Interconnections
The interconnected nature of today's
world calls for comprehensive
understanding and strategic
approaches to addressing global
challenges.