2. HOW MIGHT GLOBALIZATION LOOK DIFFERENT FOR PEOPLE IN OTHER
SOCIETIES THAN IT DOES FOR AMERICANS?
3. DEFINE GLOBALIZATION
• Refers to the technological, political, economic,
financial, and cultural exchanges between nations
that have made the world a more interconnected
and interdependent place.
• A multi-faceted concept with no single definition
(political, social, economic aspects)
4. TYPES OF GLOBALISATION
• Political -refers to amount of political cooperation exists between different
countries
• Social - The sharing of ideas and information between and through
countries
• Economic- Refers to the increasing interdependence of world
economies as a result of the growing scale of cross-border
trade of commodities. Flow of international capital and
wide-spread technology
5. HISTORICAL
BACKGROUND
• First wave: started from 1870, included
Advances in transport, reductions in
trade barriers and high levels of migration
• Second wave: emerged from 1950 to
1980 and focused on integration between
developed countries through a series of
multinational cooperation's ( Europe and
japan)
• In the 1990s, political, economic and
technological developments accelerated
the processes of globalization and
contributed to the emergence of debates
about its successes and shortcomings.
6. GLOBALISATION IN AMERICA
• Globalization today is certainly America-
centric — as revolution comes from the
United States and a large part of the
content of global information networks
are created from there.
• The United States is a giant in the
contemporary phase of globalization
• Globalization benefits the US through the
increase in trade
• enables Americans to buy cheaper and
more abundant consumer goods
• Job creation
7. Dark side of globalization in America
• Not a uniform evolutionary process,
and not all economies benefiting or
participating equally
• free trade and open markets have led
to job losses e.g. NAFTA moving
millions of manufacturing jobs out of
the United States into Mexico.
• Terrorism – 9/11 attacks
• The United States is continually
surrendering part of their national
sovereignty so that the benefits of
globalization offset the costs.
8. Trump’s protectionism. We reject globalism and embrace the
doctrine of patriotism,” Trump said in a clear rejection. “The U.S.
will always choose independence and cooperation over global
governance, control and domination,” and since Immigration
levels are increasing America is becoming increasingly diverse.
9. GLOBALIZATION IN OTHER SOCIETIES (AFRICA)
• Most of the benefits of
globalization correspond to the
less developed countries in order
to improve their economic
conditions e.g. advanced
technologies
• Benefits many emerging markets
such as India and China as these
countries enjoy greater
availability of jobs and better
access to technology
• The major reason why many new
companies from Brazil, China,
India, and South Korea are the
new dominant global competitors
10. SHORTCOMINGS
• Exploits the developing world.
• Environmental degradation.
• Results in U.S. jobs being transferred to other countries.
• Many countries fail to share in gains of globalization.
• Widening of gap between rich and poor countries.
11. CONCLUSION
• Over the last few years, there have been protests
and debates about the effects of globalization
in the United States and Europe.
• But in a lot of developing countries there is very
strong support for different aspects of integration—especially trade
and direct investment.
• Other societies feel it is a good thing that multinational corporations
were investing in their countries.
• Every society has both positive and negative views on Globalization.
