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Globalisation by Alphin Mathew George

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Alphin George

Globalization has led to growing interdependence between all processes through the establishment of a global financial and economic area, advances in information technologies, and a changing role for states with diminishing national borders. Key features include the universality of democratic systems and socio-cultural values spreading worldwide. Globalization involves flows of goods, people, information, and capital between countries through various transportation and communication networks at increasing speeds and capacities. While globalization can increase economic growth and cultural understanding, it also risks greater social and economic instability through the disruption of local communities, a loss of cultural diversity, increased environmental degradation, and more power for multinational corporations.

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Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George
Some special features of globalization in present days Growing interdependence of all processes Establishing of a global financial-economic area Information technologies - WWW Change in the states functions vanishing of the national boarders Universality of the world dissemination of the democratic system and socio cultural values
Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George
FLOWS OF GLOBALIZATION SUB. Trade Migration Telecommunications Nature Flows of physical goods Flows of people Types Raw materials, energy, food, parts and consumption goods Permanent, temporary (migrant Communication, power workers), tourism, exchanges, symbolic business exchanges transactions Medium Transport modes and terminals (freight) Transport modes and terminals (passengers) Transport modes and terminals (postal), telecommunication systems Network Hub and spoke with interconnections Hub and spoke Redundant and diffuse (point to point) Main Gateways Ports Airports Global cities Speed Low to average Slow to fast Instantaneous Capacity Very large Large Almost unlimited Flows of information
Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George
Impact on Social 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
Impact on the Economy 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
Impact on the Politics 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
Globalisation by Alphin Mathew George
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Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George
Globalisation by Alphin Mathew George

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Globalisation by Alphin Mathew George

  • 3. Some special features of globalization in present days Growing interdependence of all processes Establishing of a global financial-economic area Information technologies - WWW Change in the states functions vanishing of the national boarders Universality of the world dissemination of the democratic system and socio cultural values
  • 6. FLOWS OF GLOBALIZATION SUB. Trade Migration Telecommunications Nature Flows of physical goods Flows of people Types Raw materials, energy, food, parts and consumption goods Permanent, temporary (migrant Communication, power workers), tourism, exchanges, symbolic business exchanges transactions Medium Transport modes and terminals (freight) Transport modes and terminals (passengers) Transport modes and terminals (postal), telecommunication systems Network Hub and spoke with interconnections Hub and spoke Redundant and diffuse (point to point) Main Gateways Ports Airports Global cities Speed Low to average Slow to fast Instantaneous Capacity Very large Large Almost unlimited Flows of information
  • 11. Impact on Social 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
  • 12. Impact on the Economy 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
  • 13. Impact on the Politics 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
  • 15. .