Globalization refers to the increasing integration and interdependence of world economies through increased trade and cultural exchange. It involves free trade between nations and the integration of economies. Some key impacts of globalization include increased global cultural sharing, rising international business activity and investment, growing economic growth and development, as well as new health and environmental challenges. The document discusses the definition, types, advantages, and disadvantages of globalization.

3. A z A o l b g
o
i t n l i

4. g l o b a l I Z A T I N
O

5. m e o c y o n

6. e c o n o m y
m e o c y o n

7. A r e e d f r
e t

8. A r e e d f r
e t
e
f r e e t r a d

9. t l c r e u u

10. c u l t u r e

11. At the end of this lesson, the
students should be able to;
Differentiate the competing
conceptions of globalization;
Identify the underlying
philosophies of the varying
definitions of globalization;
and
Agree on a working definition
of globalization for the course.

12. DEFINITION OF GLOBALIZATION
NATURES OF GLOBALIZATION
ADVANTAGES AND
DISADVTAGES
TYPES OF GLOBALIZATION
SIGNS OF GLOBALIZATION
Topics:

13. GLOBALIZATION
 is a term used to describe the
changes in societies and the world
economy that are the result of
dramatically increase trade and
cultural exchange.
 Refers almost exclusively to the
effects of trade, particularly trade
liberalization or “free trade” .
Definition

14. NATURES OF
GLOBALIZATION
• stands for the freedom of the
entrepreneurs to establish any
industry or trade or business
venture, within their own
countries or abroad.
. LIBERALIZATION

15. NATURES OF
GLOBALIZATION
stands for free flow of trade
relations among all the nations.
Each state grants MFN (most
favored nation) status to other
states and keeps its business and
trade away from excessive and hard
regulatory and protective regimes.
2. FREE TRADE

16. NATURES OF
GLOBALIZATION
Economic activities are be governed
both by the domestic market and
also the world market. It stands for
the process of integrating the
domestic economy with world
economies.
Globalization of
economic activity

17. NATURES OF
GLOBALIZATION
stands for liberating the import-
export activity and securing a
free flow of goods and services
across borders.
Liberalization
f import-export
system

18. NATURES OF
GLOBALIZATION
Keeping the state away from
ownership of means of production
and distribution and letting the free
flow of industrial, trade and
economic activity across borders.
. Privatization

19. NATURES OF
GLOBALIZATION
Encouraging the process of
collaborations among the
entrepreneurs with a view to secure
rapid modernization, development
and technological advancement.
6. Increased
collaborations

20. NATURES OF
GLOBALIZATION
Encouraging fiscal and financial
reforms with a view to give
strength to free world trade,
free enterprise, and market
forces.
. Economic
reforms

21. SIGNS OF
GLOBALIZATION
1. Increase in international trade at a
faster rate than the growth in the
world economy.
2. Increase in international flow of capital
including foreign direct investment.
3. Greater trans-border data flow, using
such technologies such as the
Internet,
4. Greater international cultural
exchange, for example through the
export of Hollywood and Bollywood
movies.
5. Some argue that even terrorism had
undergone globalization. Terrorists
now have attacked places all over the
world.

22. SIGNS OF
GLOBALIZATION
6. Spreading of multiculturalism and better
individual access to cultural diversity,
with on the other hand, some reduction
in diversity through assimilation,
hybridization, Westernization,
Americanization or Sinosization of
cultures.
7. Erosion of national sovereignty and
national borders through international
agreements leading to organizations
like the WTO and OPEC.
8. Greater international travel and tourism.
9. Greater immigration, including illegal
immigration.
10.Development of global
telecommunications infrastructure.

23. SIGNS OF
GLOBALIZATION
11.Development of a global
financial systems.
12.Increase in the share of the
world economy controlled by
multinational corporations.
13.Increased role of international
organizations such as WTO,
WIPO, IMF that deal with
international transactions.
14.Increase in the number of
standards applied globally; e.g.
copyright laws.

24. How globalized
is the
Philippines?

25. • Most of the countries have
resorted to trade relations with
each other in order to boost their
economy, leaving behind any
bitter past experiences if any.
1. Peaceful
Relations
ADVANTAGES
OF GLOBALIZATION

26. • Considered as one of the most
crucial advantages, globalization
has led to the generation of
numerous employment
opportunities. Companies are
moving towards the developing
countries to acquire labor force.
2. Employment
ADVANTAGES
OF GLOBALIZATION

27. • A very critical advantage that has
aided the population is the spread
of education. With numerous
educational institutions around the
globe, one can move out from the
home country for better
opportunities elsewhere.
3. Education
ADVANTAGES
OF GLOBALIZATION

28. • The product quality has been
enhanced so as retain the
customers. Today the customers
may compromise with the price
range but not with the quality of
the product. Low or poor quality
can adversely affect consumer
satisfaction.
4. Product Quality
ADVANTAGES
OF GLOBALIZATION

29. • Globalization has
brought in fierce
competition in the
markets.
5. Cheaper Prices
ADVANTAGES
OF GLOBALIZATION

30. • Every single information is easily
accessible from almost every corner of
the world Circulation of information is no
longer a tedious task, and can happen
in seconds. The Internet has
significantly affected the global
economy, thereby providing direct
access to information and products.
6. Communication
ADVANTAGES
OF GLOBALIZATION

31. • Considered as the wheel of every
business organization, connectivity
to various parts of the world is no
more a serious problem. Today with
various modes of transportation
available, one can conveniently
deliver the products to a customer
located at any part of the world.
7. Transportation
ADVANTAGES
OF GLOBALIZATION

32. • Gross Domestic Product,
commonly known as GDP, is the
money value of the final goods
and services produced within the
domestic territory of the country
during an accounting year.
8. GDP Increase
ADVANTAGES
OF GLOBALIZATION

33. • Free Trade is a policy in which a country
does not levy taxes, duties, subsidies or
quota on the import/export of goods or
services from other countries. There are
countries which have resolved to free
trade in specific trade in specific
regions. This allows consumers to buy
goods and services, comparatively at a
lower cost.
9. Free Trade
ADVANTAGES
OF GLOBALIZATION

34. • Globalization has promoted
tourism to great heights.
International trade among different
countries also helps in increasing
the number of tourists that visit
different places around the world.
10. Travel and
Tourism
ADVANTAGES
OF GLOBALIZATION

35. • With the help of globalization,
there is opportunity for corporate,
national, and sub-national
borrowers to have better access
to external finance, with facilities
such as external commercial
borrowing and syndicated loans.
11. External
Borrowing
ADVANTAGES
OF GLOBALIZATION

36. • Globalization has given rise to more
health risks and presents new threats
and challenges for epidemics. The dawn
of HIVAIDS, having its origin in the
wilderness of Africa, the virus has
spread like wildfire throughout the globe
in no time.
DISADVANTAGES
OF GLOBALIZATION
1. Health
Issues

37. • with large number of people moving
into and out of a country, the culture
takes a backseat. People may adapt
to culture of the resident country.
They tend to follow the foreign
culture more, forgetting their own
roots. This can give rise to cultural
conflicts.
DISADVANTAGES
OF GLOBALIZATION
2. Loss of
Culture

38. • It is said that the rich are getting
richer while the poor are getting
poorer. In the real sense,
globalization has not been able
to reduce poverty.
DISADVANTAGES
OF GLOBALIZATION
3. Uneven
Wealth
Distribution

39. • The industrial revolution has
changed the outlook of the
economy. Industries are using
natural resources by means of
mining, drilling, etc. which puts a
burden on the environment.
DISADVANTAGES
OF GLOBALIZATION
4. Environment
Degradation

40. • Though globalization has opened
new avenues like wider markets and
employment, there still exists a
disparity in the development of the
economies. Structural unemployment
owes to the disparity created.
Developed countries are moving their
factories to foreign countries where
labor is cheaply available.
DISADVANTAGES
OF GLOBALIZATION
5. Disparity

41. • It has given rise to terrorism and
other forms of violence. Such
acts not only cause loss of
human life but also huge
economic losses.
DISADVANTAGES
OF GLOBALIZATION
6. Conflicts

42. • Opening the doors of international
trade has given birth to intense
competition. This has affected the
local markets dramatically. The local
players thereby suffer huge losses as
they lack the potential to advertise or
export their products on a large
scale. Therefore, the domestic
markets shrink.
DISADVANTAGES
OF GLOBALIZATION
7. Cut-throat
Competition

43. • is the transmission of ideas,
meanings and values around the
world in such a way as to extend
and intensify social relations.
This process is marked by the
common consumption of cultures
that have been diffused by the
Internet, popular culture media,
and international travel.
1. Cultural
globalization
T Y P E S
OF G L O B A L I Z A T I O N

44. • refers to the increasing
interdependence of world
economies as a result of growing
scale of cross-border trade of
commodities and services, flow
of international capital and wide
and rapid spread of technologies
(Shangquan, 2000).
2. Economic
Globalization
T Y P E S
OF G L O B A L I Z A T I O N

45. • every country in the world is
moving towards specialization.
Specialization may be referred to
as the phenomenon of producing
only that product in which the
country has competitive
advantage in terms of cost.
3. Industrial
Globalization
T Y P E S
OF G L O B A L I Z A T I O N

46. • it may be defined as the emergence of
worldwide financial markets and better
access to external financing for
corporate, national and sub-national
borrowers. Some projects in the
Philippines were sponsored by foreign
investors. They may be in the form of
international organizations of
independent investors.
4. Financial
Globalization
T Y P E S
OF G L O B A L I Z A T I O N

47. • This aspect of Globalization has
perhaps had the greatest impact on
the world today. Sitting at one end of
the world, you can have access to the
information available in any other part
of the world with just the push of a
button, Internet, television, telephone,
fax, etc. are some of the inventions
that may be considered as a part of
the informational Globalization
process where the information flow
has dramatically increased between
geographically remote areas of the
world.
5. Informational
Globalization
T Y P E S
OF G L O B A L I Z A T I O N

48. • refers to the sharing of ideas and information
between and through different countries.
• Good examples of social globalization could
include internationally popular films, books and
TV series. The Harry Potter/Twilight films and
books have been successful all over the world,
making the characters featured globally
recognizable.
• However, this cultural flow tends to flow from the
center (i.e. from developed countries such as
the USA to less developed countries)
6. Social
Globalization
T Y P E S
OF G L O B A L I Z A T I O N

49. • the effects of globalization in the
ecology are still not completely
identified, though some studies
suggest that the process of
globalization has many
consequences in our ecology.
7. Ecological
Globalization
T Y P E S
OF G L O B A L I Z A T I O N

50. • Through globalization, political
issues such as the rights of
women and children are now
currently discussed, many laws
are now already implemented
regarding the issues on the rights
of women and children.
8. Globalization
and
the Politics
T Y P E S
OF G L O B A L I Z A T I O N

51. • technology really plays a huge part in
the life of every individual. Also,
through the advancement of
technology we can now already
communicate with others despite the
distance that separate us. And through
our technology today, the process of
globalization is now taking place much
faster.
9. Globalization
with Technology
T Y P E S
OF G L O B A L I Z A T I O N

52. • globalization is moving towards
the trend of a borderless world.
We can now explore different
countries without having any
dangers.
0. Geographical
T Y P E S
OF G L O B A L I Z A T I O N