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Globalization: Good or Bad
Globalization has led to increased economic integration and interdependence between countries through modern technologies, improved transportation, free trade agreements and growth of multinational corporations. This has effects on employment, food supply, communication, and business. Specifically, it has created more jobs in developing countries but decreased manufacturing employment in developed countries. It has increased food supply choices beyond local seasons and resources. Communication of ideas and cultures has expanded through platforms like Facebook. Business has benefited through easier international expansion, though local companies may struggle against multinational competitors. Overall, globalization both creates opportunities and challenges that are debated regarding its impacts.
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Globalization: Good or Bad
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- 2. MadeinChina ImportedfromJapan BoughtinBrazil PrintedinItaly Let’s take alook at Jenny’s workplace. AssembledintheUSA 12 6 39 2 48 10
- 3. THE WORLD ISSHRINKING. What factors caused Yes, GLOBALIZATION?
- 4. 1. Modern communicationtechnologies THEN NOW
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- 6. 3. Free tradeagreements THEN NOW
- 7. 4. Growth ofmultinational companies THEN NOW
- 8. HOW DO THESECHANGES AFFECT OUR LIVES?
- 9. EMPLOYMENT More job opportunitiesfor people in developing countries Source: BBC Jobs commonly outsourced overseas Customer support Webdesign Accounting Manufacturing Dataentry
- 10. No. of manufacturingemployees in the USA 1970 2010 More than a quarter of U.S. employees Contributing factor to the decrease: Growth in import of goods 1 in 10 employees Source: Bloomberg Decreased employment rate in developed countries EMPLOYMENT
- 11. FOOD SUPPLY Food supplydoesn’t depend on seasons or local resources anymore Source: FAO Example:bananasfromthetropicsareexportedtotemperatecountries. Figuresabove=percentageofbananaexportstovariousmarkets. Russia,8% OtherCountries,17% China,4% LatinAmerica,4% European Counties,27% UnitedStates,27% Japan, 7% Other Asia, 6%
- 12. Source: Service andLearning Environment Gallons of gas used per ton moved 1,000 miles Pounds of carbon emitted per ton moved 1000 miles Airplane Train Ship Trucks 165 30 7 4 4,056 666 132 97 FOOD SUPPLY Importing more food means increased fuel use, which is hard on the environment.
- 13. COMMUNICATION Sharing ideas, cultures,experiences and lifestyles can be accomplished with just a few clicks Facebook facts • 30 billion pieces of content shared each month • 55 million updates posted each day • Average user creates 90 pieces of content each month Source: Blog Herald https://www.facebook.com/?_rdr=p Source: Blog Herald
- 14. People in differentcountries are gradually acquiring similar taste in TV shows. Proof: International versions of GOT TALENT BIG BROTHER SURVIVOR COMMUNICATION As people become more exposed to others’ ways of life, they may adopt new and different practices.
- 15. BUSINESS Companies can easilyexpand to other cities and countries. Source: Wikipedia 2010s – Operating in 118 countries 1940s – Operating in the USA only
- 16. Source: Citilab No.ofbusinessesoperating intheAustinneighborhoodofChicago'swestside Note:Results shouldn't be used as an argument for or against the retailer 306 months before 1st Walmart store was opened 82 two years after Walmart store was opened Multinational companies may kill operations of local companies BUSINESS
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