GlobalizationGlobalization - Sagaya Michael Raj.A.

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Presentation transcript:

GlobalizationGlobalization - Sagaya Michael Raj.A

 Definition  History of Globalization  Globalization in I.T Sector  Positive Aspects of Globalization  Negative Effects of Globalization  Benefits of Globalization  Future Globalization

Definition Globalization (or Globalisation) refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres.economic socialtechnologicalcultural politicalecological

History of Globalization Harappan civilization 14 th century US and French Revolutions ( AD) 18 th century

Globalization in IT sector India has allowed companies to increase their base of operations, expand their workforce with minimal investments, and provide new services to a broad range of consumers. growth of outsourced IT and business process outsourcing (BPO) services. From steel to Bollywood, from cars to IT, Indian companies are setting themselves up as powerhouses of tomorrow’s global economy.

Advantages of Globalization Increased free trade between nations Global mass media ties the world together Greater ease and speed of transportation for goods and people Increased liquidity of capital allowing investors in developed nations to invest in developing nations

Disadvantages of Globalization Increased likelihood of economic disruptions in one nation effecting all nations Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor Increase in the chances of civil war Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity

Benefits of Globalization Rising standards of living in some parts of the developing world Spreading of technical knowledge and innovation worldwide Better education and life expectancy worldwide Increasing political liberalization and democracy worldwide

Future Globalization Globalization is a tool that should benefit all sections of mankind. One cannot ignore its negative effects. These must be addressed for the world’s peace and prosperity.

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