What is globalization and How to Make It Work for Everybody? GROUP NUMBER 6: 1)ALFREDO GUEVARA, 2)YEH SHENG-HSIUNG, 3)GOH HUI KOON, 4)YU-HUI,CHEN, 5)JIN-HUNG LIN
WHAT IS GLOBALIZATION? THE INTEGRATION OF POLITICAL, ECONOMIC AND CULTURAL ACTIVITIES OF GEOGRAPHICALLY AND/OR NATIONALLY SEPARATED PEOPLES-IS NOT A DISCERNIBLE EVENT OR CHALLENGE, IS NOT NEW, BUT IS ACCELERATING. MORE IMPORTANTLY, GLOBALIZATION IS LARGELY IRRESISTIBLE. THUS, GLOBALIZATION IS NOT A POLICY OPTION, BUT A FACT TO WHICH POLICYMAKERS MUST ADAPT.
WHAT IS GLOBALIZATION? A CORE ELEMENT OF GLOBALIZATION IS THE EXPANSION OF WORLD TRADE THROUGH THE ELIMINATION OR REDUCTION OF TRADE BARRIERS, SUCH AS IMPORT TARIFFS. GREATER IMPORTS OFFER CONSUMERS A WIDER VARIETY OF GOODS AT LOWER PRICES, WHILE PROVIDING STRONG INCENTIVES FOR DOMESTIC INDUSTRIES TO REMAIN COMPETITIVE. EXPORTS, OFTEN A SOURCE OF ECONOMIC GROWTH FOR DEVELOPING NATIONS, STIMULATE JOB CREATION AS INDUSTRIES SELL BEYOND THEIR BORDERS.
WHAT IS GLOBALIZATION?
HOW TO MAKE IT WORK FOR EVERYBODY? EMPOWERMENT OF EDUCATION AND HEALTH SERVICES FOR ALL PEOPLE: THIS WILL GET THEM INTERESTED AND READY FOR GLOBALIZATION. TRANSPORTATION AND TECHNOLOGY TO BE CONNECTED WITH THE WORLD.
HOW TO MAKE IT WORK FOR EVERYBODY? COUNTRIES MUST WORK FOR ENERGY CONSERVATION TO ENSURE ENVIROMENTAL QUALITY. THIS WILL MAKE THE GLOBALIZATION SUSTAINABLE. EACH COUNTRY MUST FOCUS ON WHAT THEY DO BEST, SO THEY CAN PROVIDE BETTER SERVICES AND PRODUCTS TO THE WORLD. THIS WILL CREATE EMPLOYEMENT OPPORTUNITIES FOR THEIR PEOPLE.