ch 1.1: what is globalization Flashcards
The expansion and intensification of social relations and consciousness across world-time and across world-space
GLOBALIZATION
OTHER DEFINITIONS
It is not to discredit one’s identity but to integrate national identity with global cultures and concepts to thrive from different global issues and challenges
GLOBALIZATION
OTHER DEFINITIONS
Generating a ‘global village’ to represent an inclusive and cosmopolitan global society
GLOBALIZATION
OTHER DEFINITIONS
is a term used to describe how trade and technology have made the world into a more connected and interdependent place.
GLOBALIZATION
OTHER DEFINITIONS
it also captures in its scope the economic and social changes that have come about as a result
GLOBALIZATION
OTHER DEFINITIONS
ADVANTAGES OF GLOBALIZATION
(enumerate)
- Cheaper Goods For Consumers and Better Product Quality:
- Increase In Skilled Workers:
- Improvement In Education:
- Cultural Diversity:
- Poverty Reduction:
- Transportation:
CAUSES OF GLOBALIZATION
(enumerate)
- Trade liberalization
- Improvements in technology
- Reduced cost/improvement of communications and transportation
- Deregulation of financial markets.
- Increased significance of TNCs (transnational corporations)
Increased competitiveness may also lead to decline in the price of goods, improvements in quality of goods and choice of goods.
ADVANTAGES OF GLOBALIZATION
Cheaper Goods For Consumers and Better Product Quality:
Increased international labor mobility has led to an increase in skilled workers.
ADVANTAGES OF GLOBALIZATION
Increase In Skilled Workers:
The spread of the internet has helped to improve education.
ADVANTAGES OF GLOBALIZATION
Improvement In Education:
Increased movement of labor leads to an increase in the spread of different cultural ideas.
ADVANTAGES OF GLOBALIZATION
Cultural Diversity:
Prices then and now have increased tremendously.
DISADVANTAGES OF GLOBALIZATION
Increased Commodity Price:
GDP of the developing countries has increased twice as much as before
ADVANTAGES OF GLOBALIZATION
Poverty Reduction:
Globalization has led to tremendous increase in transport services across the globe.
ADVANTAGES OF GLOBALIZATION
Transportation:
DISADVANTAGES OF GLOBALIZATION
- Increased Commodity Price:
- Exploitation Of Cheap Labor:
- Cause Of Diseases:
- Increased Relative Poverty and Inequality:
- Increased Vulnerability And Instability:
- Disparity:
Workers working day and night to produce goods for very little money.
DISADVANTAGES OF GLOBALIZATION
Exploitation Of Cheap Labor:
It is the cause of very serious health problems all over the globe.
DISADVANTAGES OF GLOBALIZATION
Cause Of Diseases:
We have everything by globalization, we have nothing by globalization.
DISADVANTAGES OF GLOBALIZATION
Increased Relative Poverty and Inequality:
The international Coffee chains are causing a serious threat to local coffee shops.
DISADVANTAGES OF GLOBALIZATION
Increased Vulnerability And Instability:
The Economic system that has generated tremendous wealth disparity that really seems unfair.
DISADVANTAGES OF GLOBALIZATION
Disparity:
