1. Globalization

2. Globalization
The trend toward greater interconnectedness of the world’s financial, economic, technological, political, cultural, sociological, and ecological systems.
Some argue it improves living standards, while others say that it is more harmful than beneficial.

3. Financial Globalization
Interconnection of the world’s financial systems.
Stock Market.

4. Economic Globalization
The interconnection of companies and corporations around the world.
Multinational or Transnational Corporations such as Coca Cola, Microsoft etc.

5. Technological Globalization
The growth of the technological revolution has created a global village.
The internet, cell phones etc.

6. Political Globalization
The growing inter-connection between countries and international organizations.
Free trade, UN, NATO etc.

7. Cultural Globalization
The gradual harmonization of the world’s cultures at the expense of distinctly different local cultures.
Pop culture, movies, music, language, sports.

8. Ecological Globalization
The idea that we must treat the planet as a single ecosystem.
Ozone depletion and Kyoto Protocol

9. Sociological Globalization
The idea that the citizens of the world are part of a global society rather than individual nations and cultures.
Common morals, ideas, ethics.

10. Dubai
An excellent example of globalization

11. Dubai Background: 1000 years old
A part of the United Arab Emirates (UAE)
1 family rules it
Small size (1/2 size of Toronto) and population
81% foreign born, mostly expats
Little oil (unlike other Middle eastern countries)
Subtropical desert climate

12. Dubai What has Dubai done? 1. Tourism
Many attractions (world’s largest and only ‘7 star’ hotel)
Many events (major golf, tennis and horse racing)
Much shopping (largest shopping mall)
Tropical climate
Unique experiences (indoor skiing and skateboarding)

13. Dubai
2. Air Travel
Main hub for flights between Africa, Asia and Europe
30 million passengers in 2006
Building world’s largest airport

14. Dubai 3. Finance and Business Business centre for Arab world
“Knowledge Village” has many major colleges and universities
Free trade zones

15. Dubai How is Dubai so successful?
1. Creating a Globalization Friendly Environment
Politically stable (unlike much of Middle East)
English speaking
Tolerant of non-Muslims (i.e. alcohol and other religious buildings allowed)

16. Example: Wild Wadi Water Park

17. Dubai How so successful? 2. Selling the Brand
Biggest mall, airport, hotel etc.
Exciting, unique and attractive

18. Dubai How so successful? 3. Investment From EU, USA, Japan etc.
Political and economic security
Good profits

19. Controversy The Good…. Global village: sharing info
High technology for many people
Free trade (no taxes)
More opportunities for poorer countries

20. Controversy The Bad Destruction of local cultures
Stunts (prevents) success for small/local business
Rich get richer, the poor get poorer
Allows you to do things that are illegal in your country in other countries (i.e. sweat shops, bad environmental practices)
Values short term gains over long term consequences (i.e. the envrionment)
‘Moral laxity’