globalization definition history types causes effect advantage and disadvantage company

2. ANUSUYA.T
III BSC
BIOCHEMISTRY
DR.N.G.P ARTS AND SCIENCE COLLEGE
COIMBATORE

3. DEFINITION
THE INCREASED INTERCONNECTEDNESS AND
INTERDEPENDENCE OF PEOPLES AND COUNTRIES. IT IS
GENERALLY UNDERSTOOD TO INCLUDE TWO INTER-
RELATED ELEMENTS:
• THE OPENING OF INTERNATIONAL BORDERS TO
INCREASINGLY FAST FLOWS OF GOODS, SERVICES, FINANCE,
PEOPLE AND IDEAS;
• THE CHANGES IN INSTITUTIONS AND POLICIES AT
NATIONAL AND INTERNATIONAL LEVELS THAT FACILITATE
OR PROMOTE SUCH FLOWS.

4. HISTORY OF
GLOBALIZATION

5. TYPES OF
GLOBALIZATION
THERE ARE THREE MAIN CLASSIFICATIONS OF
GLOBALISATION
• POLITICAL GLOBALISATION - REFERS TO THE AMOUNT
OF POLITICAL CO-OPERATION THAT EXISTS BETWEEN
DIFFERENT COUNTRIES.
• SOCIAL GLOBALISATION - REFERS TO THE SHARING OF
IDEAS AND INFORMATION BETWEEN AND THROUGH
DIFFERENT COUNTRIES.
• ECONOMIC GLOBALISATION - REFERS TO THE
INTERCONNECTEDNESS OF ECONOMIES THROUGH TRADE
AND THE EXCHANGE OF RESOURCES.

6. CAUSE OF GLOBALIZATION

7. EFFECT OF
GLOBALIZATION
• INCREASE THE COMPETITION
• INCREASE INVESTMENT LEVEL
• INCREASE THE OPPORTUNITY
• HELP TO EXCHANGE THE KNOWLEDGE AND
INFORMATION
• LEAD TO VAST THE MULTINATIONAL AND
MULTICULTURAL MANAGEMENT
• INCREASE GDP GROWTH AND DEVELOP
ECONOMIC STATUS

8. ADVANTAGES OF GLOBALIZATION
• CHEAPER GOOD FOR CONSUMERS AND
BETTER PRODUCTS QUICK
• INCREASE SKILLED WORKERS
• LOWER COSTS PRICE
• IMPROVE EDUCATION
• CULTURE DIVERSITY
• PROVERTY REDUCTIONS
• TRANSPORTATION BE QUICK AND FASTER

9. DISADVANTAGES OF
GLOBALIZATION
• INCREASE COMMODITY PRICES
• EXPLOITATION OF LABOUR CHEAP
• UNEVEN WEALTH DISTRIBUTION
• CAUSES OF DISEASES IN HIGH RATE
• INCREASE RELATIVE POVERTYAND
INEQUALITY
• INCREASE VULNERABILITYAND
INSTABILITY
• DISPARITY

10. SOME OF COMPANY AND FACTOR

11. REFERENCES
• HTTPS://SCHOOLOFPOLITICALSCIENCE.COM/WHAT-ARE-
THE-5-TYPES-OF-GLOBALIZATION/
• HTTPS://WWW.PIIE.COM/MICROSITES/GLOBALIZATION/WHA
T-IS-GLOBALIZATION
• HTTPS://EN.M.WIKIPEDIA.ORG/WIKI/GLOBALIZATION