Globalization – a definition  The trend toward greater interconnectedness of the world’s economic, technological, political, cultural and environmental.

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Presentation transcript:

Globalization – a definition  The trend toward greater interconnectedness of the world’s economic, technological, political, cultural and environmental systems.

Intro to Globalization PPT ADAPTED FROM VIDEO MADE BY WISSENSWERTE.E-POLITIK.DE

All linked together Economy Ecology Society Politics

Regional Organizations have more influence

Communications Radio, TV, Phones, Internet Information is transferred worldwide, realtime, cheaply TV delivers opinions clobally, even to remote areas. Eg. Everyone knows Justin Bieber, Gangnam Style

Transportation Container Shipping Air Freight Prices Down

Trade Open Markets Reduced import tariffs, quotas and bans.

Paving the way for big business  Put logo of coporation here New Technology Decreasing Transportation Costs Liberalization of international trade

Three main areas of Globalization

Economic Sphere

MNC’s – Multi- Natinoal Coporations Looking for: Markets Chap production

Political Sphere Important Policy Issues go beyond borders. Seeking solutions from groups and organizations

Political Sphere NGO’s – Non Government Organizations can exert influence on politics Greenpeace Anesty International Not democratic

Political Sphere Emergence of Global Political Forum - Small states become less influential - Have you heard of Liberia, Togo, Mauritius?

Cultural Sphere “McWorld” – dominance of western culture. Music News Product English Language

Who wins with Globalization Newly industrialized economies Emerging economies in Brazil, Russia and China

Who wins with Globalization? China – 500 million have left extreme poverty

Coutries that are not benefiting Many Sub-Saharan countries are not ready, and have difficulty catching up - Cheap products flood local markets, which can’t compete - Little direct investment because of lack of infrastructure eg. Transportation

Industrialized Countries New Markets but Increased Competition

Globalization New challenges and opportunities