Globalization...English Project 9th - 'E'

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GLOBALIZATION

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PowerPoint Summary of: Globalization Made By of 9th – ‘E’ Mohammed Arif

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Introduction to Globalization

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Definitions Initially, globalization has many competing definitions :- “The expanding scale, growing magnitude, speeding up and deepening impact of transcontinel flows and partner of social interaction.” (Held and McGrew, Globalization/Anti-Globalization, p. 1) “The integration of national economies into the international economy through trade, direct foreign investment....short-term capital flows, international flows of worker and humanity generally, and flow of technology....”(Bhagawati, In Defence of Globalization, p. 3) “The set of social consequences which derive from the increasing rate and speed of interaction of knowledge, people, goods and capital between states and societies.” (Bisley, Rethinking Globalization, p. 6)

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......Globalization (or globalization) describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy0 through trade, foreign direct investment, capital flows, migration, and the spread of technology.[1] However, globalization is usually recognized as being driven by a combination of economical, technological, sociocultural, political, and biological factors.[2] The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation. But according to us, the most appropriate meaning of Globalization is .........

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Aspects of Globalization

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........... has various aspects which affect the world in several different ways such as: Industrial Financial Economical Cultural Sports Globalization.... Technological Political

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Industrial Globalization Emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies.

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Financial Globalization Emergence of worldwide financial markets and better access to external financing for borrowers.

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EconomicalGlobalization Realization of a global common market, based on the freedom of exchange of goods and capital.

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Cultural Globalization Growth of cross-cultural contacts and advent of new categories of consciousness and identities which embodies cultural diffusion.

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Globalization through Sports Sports also help in spread of globalization especially when different people belonging to different cast, religion, nations etc. meet together.

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Technological Globalization Technology and Globalization increases access to information, but... Access is unevenly disturbed. It has made it eaiser to seek out like-minded voices and avoid opposing views.

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Political Globalization Nation states are less able to control social and economic events within their territory. Global/regional decision-making bodies (UN, EU, etc.) are rising in importance but… They are not yet fully democratic/accountable “CNN” effect pressures governments to intervene on human rights violations. International non-state actors have gained power.

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Effects of Globalization

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Contradictions in Globalization Globalization has many inherent contradictions including It integrates and disintegrates. It fosters cooperation and conflict. It engenders order and disorder. It is divisive and unifying. Some view it as a net POSITIVE while, some as a net NEGATIVE. So far globalization has both positive and negative effect on the global peace......

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Positive Effects Globalization has created the concept of outsourcing. Work such as software development, customer support, marketing, accounting and insurance is outsourced to developing countries like India. So the company that outsourced the work enjoys the benefit of lower costs because the wages in developing countries is far lower than that of developed countries. The workers in the developing countries get employment. Developing countries get access to the latest technology. Increased competition forces companies to lower prices. This benefits the end consumers. Increased media coverage draws the attention of the world to human right violations. This leads to improvement in human rights.

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Negative Effects Globalization has led to exploitation of labor. Prisoners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods. The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer. Bad aspects of foreign cultures are affecting the local cultures through TV and the Internet and due to this enemy nations can spread propaganda through the Internet. Local industries are being taken over by foreign multinationals.

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Videos Now lets see some

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Video 1 on Globalization by

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I, Mohammed Arif of 9th – ‘E’ hope that youmust have got some knowledge about Globalization after watching this presentation and it must also have helped you in making your decision about Globalization AND I am really very sorry for the bad quality video number 3. Thank You