K MATSOGO 219058065 RE-PURPOSED PRESENTATION.pptx
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Globalization refers to the increasing integration and interdependence of economies and cultures around the world. It has been driven by declining trade barriers, improved technology, and the growth of multinational corporations. The advantages of globalization include increased capital flows, more job opportunities, and sharing of knowledge. However, critics argue that it can also lead to exploitation of cheap labor markets, loss of cultural identity, and increasing inequality between rich and poor. Glocalization recognizes the importance of integrating local and global brands to help local businesses develop.
K MATSOGO 219058065 RE-PURPOSED PRESENTATION.pptx
- 2. WHAT IS GLOBALIZATION? Globalisation is an interaction and integration leading to interdependence of companies and cultures around the world, (Farooq, 2014).
- 3. CAUSES OF GLOBALIZATION Decline of trade and investments barriers. Improved technology Improved transport. Rapid growth of multinational companies. (Council, 2011)
- 4. ADVANTAGES OF GLOBALIZATION Increased flow of capital due to large investments. Globalization creates more job opportunities for people. Sharing of knowledge and technology across the world. (Singh, 2014).
- 5. ADVANTAGES OF GLOBALIZATION -People have access to new markets. -Labour costs are reduced in labour intensive countries
- 6. DISADVANTAGES OF GLOBALIZATION ( Walia, 2017) Exploitation of cheaper labour markets. Loss of cultural identity. The gap between the poor and the rich increases.
- 7. Declining of economies due to loss of local businesses. Damage to the environment.
- 8. GLOCALIZATION (Dickerman, 2012) Glocalization is the process that shows the importance of integrating local brands with global brands. It can help local brands to develop.
- 9. REFERENCES Council, G. (2011). Globalisation. Available from slideshare at /crosswaysfederation/globalisation-10277497?qid=6807995c-c70b-4e18-80ac- 9d0a3963c0d2&v=&b=&from_search=2 (Accessed 21 August 2022). Dickerman, A. (2012).Glocalization. Available from slideshare at /alysondickerman/glocalization-13597304?qid (Accessed 21 August 2022). Farooq, Q. (2014). Globalisation. Available from slideshare at /hcc79/chapter001-32946179 (Accessed 21 August 2022). Singh, S. (2014). Globalisation. Available from slideshare at /singhshivam1995/globalisation- 37759535?qid=9e3a3475-d2c7-49c3-9b9b-323d6847810c&v=&b=&from_search=6 (Accessed 21 August 2022). Walia, A. (2017). Globalization. Available from slideshare at /AditiWalia1/globalization-pdf (Accessed 21 August 2022).