Advantages of Globalization

1. SCAE
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Giller
Globalzation
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2. WHAT IS GLOBALIZATION?
·Globalization can be defined as a process of rapid
economic,cultural,and institutional integration among
countries.
·This unification is driven by the liberalization of trade,
investment and capital flow,technological advances,and
pressures for assimilation towards international standards.
·Globalization makes the world more accessible to everyone.
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3. TYPES OF GLOBALIZATION
1.Economic: Countries that trade with many others and
have few trade barriers are economically globalized.
2.Social: A measure ofhow easily information and ideas
pass between people in their own country and between
different countries (includes access to internet and social
media networks).
3.Political: The amount ofpolitical co-operation there is
between countries.

4. EFFECTS OF GLOBALIZATION
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5. Globalization has led
to increase in
competition.
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6. Globalization helps in
knowledge and
information transfer
across the globe.
MI F2l
Way of Life!
Globalization causes exchange of technology.
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7. Globalization has led to increase in investment levels
and rise in opportunities.
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8. Globalization has led to vast
Multinational and multicultural
management.
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9. ADVANTAGES OF GLOBALIZATION
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10. Hindustan Motors
MARUTI
SUZUKI
Count on us
Cheaper Goods For Consumers and Better Product Quality:
Increased competitiveness may also lead to
decline in the price of goods,improvements in
quality of goods and choice of goods. 19

11. Increase In Skilled Workers:
Increased international labor mobility has led to
an increase in skilled workers. 20

12. Lower Cost of production:
Nike shoes are made in Vietnam due to lower cost ofproduction.
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13. Improvement In Education:
The spread of the internet has helped to improve education.
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14. Cultural Diversity:
Increased movement of labor leads to an increase in the spread of
different cultural ideas.
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15. Poverty Reduction:
GDP of the developing countries has
increased twice as much as before
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Reducing Poverty

16. across the globe.
Transportation:
Globalization has led to tremendous increase in transport services

17. Diageo worlds largest spirits company having most
popular brands like Johnnie Walker,Smirnoff,Baileys
purchases 55%stake in the India's largest liquor
company United Spirits.
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18. DISADVANTAGES OF
GLOBALIZATION
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19. Increased Commodity Price:
Prices then and now have increase tremendously.
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20. Exploitation Of Cheap Labor:
Workers working day and night to
produce goods for very little money.
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21. Cause Of Diseases:
It is the cause of very serious health problems all
over the globe. 30

22. Increased Relative Poverty and Inequality:
We have everything by globalization,
we have nothing by globalization.
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23. 86%
of all
wealth
Uneven Wealth Distribution:
The rich are getting richer and
the poor are getting poorer.
The top 10% The bottom 90%
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