This document discusses globalization and its history and effects. It defines globalization as the process by which regional economies, societies and cultures have become integrated through communication and transportation networks. Some key points made include that globalization involves increased trade, changing regulations and the spread of market-oriented societies. It also notes the collapse of time and space due to faster change, as well as impacts on both social homogenization and differentiation. The document then briefly discusses the history of modern globalization beginning in the 20th century, and effects on industries, finances, policies, technology and culture.

1. WelcomeNational Economic Planning Pratik Gandhi http://www.prkworld.posterous.comIIPM Tower, 893/4, Bhandarkar Road, Pune – 411004http://www.iipm.eduDate: December 9th, 20091

2. Globalization!2

3. What is Globalization?“It describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and execution.”3

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5. Some characteristics of Globalization: Economic, Political, SocialIncreased exchange of goods, values, symbols

6. New regimes of regulation (WTO, FTA, etc.)

7. World wide growth of market oriented societies

8. Neo-liberalism as a global ideology: changing nature of the state: and greater role for private sector

9. Growing inequality5

10. Collapse of time and space--speeding up of change

11. Impacts on both social and cultural homogenization and differentiation-permeability of borders

12. The centrality of migration to global change--a world of slums

13. Global environmental changes6

14. History of Globalization7

15. Modern Globalization Beginning of 20th Century

16. Driven by the global expansion of multinational corporations based in the United States and Europe