Globalization refers to countries becoming more economically, socially, and politically interconnected on a global scale. It impacts economies through increased free trade, multinational corporations operating worldwide, and global banking and transport systems. Socially, improved communications and transportation have connected cultures while also allowing some to be replaced. Environmentally, increased trade and transportation have damaged the environment through higher pollution and changed food systems.

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Globalization refers to the trend toward countries joining
together economically, through education, society and
politics, and viewing themselves not only through their
national identity but also as part of the world as a
whole.

4. Impacts of Globalization
1.Economic
Countries that trade with many others and have few trade
barriers are economicallyglobalised.
2.Social
A measure of how easily information and ideas pass
between people in their own country and between
different countries (includes access to internet and social
media networks).
3.Environmental
Share of ideas and common efforts that cause
environmental changes.

5. 1. Economical Impact
 Free Trade Agreements
 MNCs and rich capitalist countries have
always promoted global free trade as a way
of increasing theirown wealth and influence.
 International organisations such as the World
Trade Organisation and the IMF also promote
freetrade.

6. 1.EconomicalImpact:
 2.Division of Labor
 Because MNCs search for the cheapest locations to
manufacture and assemble components, production
processes may be moved from developedto developing
countries wherecosts are lower.

7. 1. Economical Impact
 The Growth of MNCs
 The rapid growth of big MNCs such as Microsoft,
McDonalds and Nike is a cause as wellas a consequence
of globalisation.
 The investment of MNCs in farms, mines and factories
across the world is a majorpart of globalisation.
 Globalisation allows MNCs to produce goods and
services and to sell products on a massive scale
throughout theworld.

8. 1. Economical Impact
 Global Banking
 Modern communication technologies allowvast
amounts of capital to flow freely and instantly
throughout theworld.
 The equivalent of up to $US1.3 trillionis traded
each day through international stock exchanges
in cities such as NewYork, London andTokyo.

9. 1. Economical Impact
 Improved Transport
 The development of refrigerated and
container transport, bulk shipping and
improved air transport has allowed the easy
mass movement of goods throughout the
world.This assists globalisation.

10. 1.EconomicalImpact
 3.Less Job Security
 In the global economy jobs are becoming more
temporary andinsecure.
 A survey of American workers showed that
people now hold 7to 10jobs over their working
life.

11. 2.Social Impacts
 Improved Communications
 The development of communication
technologies such as internet, email and
mobile phones have been vital to the growth
of globalisation because they help MNCs to
operate throughoutthe world.
 The development of satelliteTV channels such
as BBC andCNN have also provided worldwide
marketing avenues for the concept and
products ofglobalisation.

12. 2.Social Impacts
 Cultural Impact
 Websites such as YouTube connect people
across the planet. As the world becomes
more unified, diverse cultures are being
ignored. MNCs can createa monoculture as
they remove local competition and thereby
force local firms to close.
Replacing

13. 3.EnvironmentalImpact:
 DamagetotheEnvironment
 More trade means more transport which
uses more fossil fuels and causes
pollution.
 Climate change is a serious threat to our
future.

14. 3. Environmental impact:
 ChangedFoodSupply
 Food supply is no longer tiedto the seasons.
We can buy food anywhere in the world at
any time of the year.

16. Advantages of globalization
 Increased free trade between nations
 Increased liquidity of capital allowing
investors in developed nations to
invest in developing nations
 Corporations have greater flexibility
to operate across borders

17. Advantages of globalization
 Global mass media ties the world
together
 Increased flow of communications
allows vital information to be shared
between individuals and corporations
around the world
 Greater ease and speed of
transportation for goods and people

18. Advantages of globalization
 Reduction of likelihood of war
between developed nations
 Increases in environmental protection
in developed nations.

19. Disadvantages of globalization
 Increased flow of skilled and non-skilled jobs
from developed to developing nations as
corporations seek out the cheapest labor
 Increased likelihood of economic disruptions
in one nation effectingallnations
 Corporate influence of nation-states far
exceeds that of civil society organizations and
average individuals

20. Disadvantages of globalization
 Threat that control of world media by a
handful of corporations will limitcultural
expression
 Greater chance of reactions for globalization
being violent in an attempt to preserve
cultural heritage
 Greater risk of diseases being transported
unintentionally betweennations