INTRODUCTION OF GLOBALIZATION

INTRODUCTION OF GLOBALIZATION. CARL JOSEPH N. LOSANTAS MTS2-A2.

PLAN.

INTRODUCTION.

HISTORY.

POSITIVE ASPECTS OF GLOBALIZATION.

Improved Technology in Transportation and Telecommunications.

O There is a greater access to foreign culture in the form of rnovies, rnusic, food, clothing, and rnore. In short, the world has more choices..

O Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas. o - Jack Welch.

Employment.

Investment and Capital Flows.

Spread of Education.

Save the Earth.

O YOU HAVE thep R Globalisation increases awareness of events in far-away parts of the world. For example, the UK was quickly rnade aware of the 2004 tsunami tidal wave and sent help rapidly in response..

NEGATIVE ASPECTS OF GLOBALIZATION.

A world of difference A sharp O take au ineq•anty The growth of international trade is exacerbating incorne inequalities, both between and within industrialized and less industrialized nations.

O The volurne and volatility of capital flows increases the risks of banking and currency crises, especially in countries with weak financial institutions What a difference! The richest I percalt of people in the world receiw nearly 14 of gobal income while the poorßt 20 receiw just ov« I pement (percent Of •obal hcom•) 14 10 8 6 4 2 1.27% 20.

O Cornpetition arnong developing countries to attract foreign investrnent leads to a "race to the bottorn" in svhich countries dangerously lower environmental standards.

Globalization may devastate cultures as it causes people to become uninterested in their culture resulting in a loss of sense of identity.

Cultural uniqueness is lost in favor of hornogenization and a "universal culture" that draws heavily frorn Arnerican culture problems Gßalizafion X z L Us -ran TED p•.sscy 'N PARIS' 6tEAT WE EEAY s.e.ts.

CONCLUSION.

Although globalisation is probably helping to create more wealth in developing countries - it is not helping to close the gap between the world's poorest countries and the world's richest..

REFERENCES.. https:// youtu.be/JJ0nFD19eT8 https:// youtu.be/UwHxlTN9xKc.

THANK YOU FOR YOUR ATTENTION!. CARL JOSEPH N. LOSANTAS MTS2-A2.