boon and bane baout globalization

1. Globalization
Boon or Bane
Group Name: Microsoft
Members:
• Yusuf Khan (leader)
• Rashid Beg
• Md. Suhail Ansari
• Rumaan Waqar
• Osama Bin Maroof
• Mohd Islamuddin
Presented By
Microsoft Group
Topic

5. Today, it seems that globalization is an irresistible
process. Some people believe that globalization has
brought some positive side in our life such as free
trade and environmental protection. However, others
argue that the process of globalization has negative
effects in terms of culture and economy. Who is right
or wrong? In this, I will discuss the advantages and
disadvantages of globalization relating to cultural
globalization, economical globalization and political
globalization.

6. Impact on Culture/Community
 Positive
effects
 Increased
cultural
exposure and
understanding
 Closer cross-border
ties
 Negative effects
 More mobility disrupts
social life, particularly
in remote or rural
communities
 Disintegration of local
communities
 Cultural
homogenization and
monoculture / reduced
cultural diversity

7. Impact on the Environment
 Positive effects
 More efficient use of
resources
 Increased demand for
and transfer of more
efficient technologies
 Increased incomes
lead to greater
concern for
environmental
protection
 Increased consumption
 Advertising creates artificial
needs
 Greater use of fossil fuels
(increased travel)
 Increased surplus and
scarcity
 Increased degradation from
unregulated businesses
 More factories require more
infrastructure

8. Impact on the Government
 Positive effects
 Increased
economic
development
 Expanded
infrastructure
 Transfer of
modern
management
techniques
 Greater
interdependence
among business
partners
o Negative effects
 MNC power increased
 MNCs externalize cost to
countries
 Competition results in
too many concessions
 MNCs influence local
policies
 Companies incorporate
in low tax countries
 Pressure to reduce social
benefits

9.  Positive effects
 Increased job
opportunities
Upgraded
education
system
 Increased
training
 Negative effects
 Job displacement
 Loss of industries or
economic groups
 Lowered labor
standards
 Downward wage
pressure
 Decreased union power
 Diminished social
contract

11.  Globalization lets countries do what they can do
best. If, for example, you buy cheap steel from
another country you don’t have to make your
own steel. You can focus on computers or other
things.
 Globalization gives you a larger market.
You can sell more goods and make more
money. You cancreate more jobs.
 Consumers also profit from globalization.
Products become cheaper and you can get
new goods more quickly.

12.  Globalization causes unemployment in
industrialized countries because firms move
their factories to places where they can get
cheaper workers.
 Globalization may lead to more environmental problems. A
company may want to build factories in other countries
because environmental laws are not as strict as they are at
home. Poor countries in the Third World may have to cut
down more trees so that they can sell wood to richer
countries.

13.  Globalization can lead to financial problems . In the
1970s and 80s countries like Mexico, Thailand,
Indonesia or Brazil got a lot of money
from investors who hoped they could build up
new businesses there. These new companies often
didn’t work, so they had to close down and
investors pulled out their money.
 Some of the poorest countries in the world, especially in
Africa, may get even poorer. Their population is not
as educated as in developed countries and they don’t
have the new technology that we do.
 Human, animal and
plant diseases can spread more quickly through
globalization.