Globalization & its positive effects

In this presentation, you will find how globalizaion has effeced on the business positively.

1. Welcome to the presentation

2. presented to: MD. ABDULLAH AL MAMUN DEPARTMENT OF MANAGEMENT BANGLADESH UNIVERSITY OF BUSINESS & TECHNOLOGY

3. PRESENTED BY:

4. Globalization & its Positive effects

5. Farhana Iqbal orni

6. What is globalization? G l oba l i z a t i o n in v o l v e s t h e m o v e m en t o f p e op l e , g o od s, i de a s a n d in f o rm a t i o n a cr o ss na t io n a l bo u nda r i e s. I t h a s bee n d e f i ne d a s ‘ t h e i nt e n s i f i c a t i o n o f w o r l d wi d e s o c ia l r e la t io n s wh i ch li n k d i s t a n t l o c al i t i e s i n s u ch a w a y t h a t lo c a l hap p en i ng s a re s ha p e d b y e v en t s occurring many miles away and vice versa. Globalization is not something new. T h e s o c i al , a r t i s t i c a n d c o mm e rc i a l e f f e c t s t h a t s p r ea d originally f r o m I t a l y during t h e Re n ai s s an ce be g in n in g w h a t h i s t o r ia n s c a l l ‘ t h e ea r l y m o d e rn pe r i od ’ wa s al so a n e x a m p l e o f g l oba l i z a t i o n.

7. What is globalization? T o da y i t i s t h e g l ob a li z a t i o n o f p r od u c t i o n t ha t i s m o st in f l u en t ia l i n in f l u en c i n g an d building relationships . T hi s i s ba s e d o n t h e in t eg r a t i o n o f e c ono m i c a c t i v i t ie s and e c o no m i e s on a w o r l d sc a l e wh i ch i s b ei n g s pea r h ead e d b y m u l t in a t i ona l c o m p an i e s.

8. Key characteristics of globalization: TRADE: I t is considered to be a major characteristic of globalization. Since 1986, it has consistently grown significantly faster than world gross domestic product .

9. Key characteristics of globalization: FOREIGN DIRECT INVESTMENT(FDI): The information and communications technology (ICT) revolution helped with the declining transport costs and made the growth of far-flung, multi-country based production of goods and services both technically and economically feasible. Production processes could be located anywhere across the globe to exploit economic advantages arising from differences in costs, factor availabilities and the congeniality of the investment climate. Components and parts can be easily transported around the globe and assembled at will due to globalization.

10. Asma Ul Husna Oishi

11. Key characteristics of globalization: TECHNOLOGY: The effects of this new technology have also spread well beyond the realm of the economical field. The same technology that enabled rapid economic globalization has been exploited for general use by governments, civil society and individuals. With the spread of internet, email, low cost international phone services, mobile phones and electronic conferencing, the world has become more interconnected due to globalization.

12. Key characteristics of globalization: FINANCIAL FLOWS: Before globalization the world lived with a system of separate national financial markets limited by boundaries.Financial liberalization created the policy environment expanded the capital mobility. But the increase in capital flows was greatly boosted by the revolution in ICT. This made possible the improved and speedier knowledge of foreign markets, the development of “round the world and round the clock” financial transactions, and the emergence of new financial instruments, especially derivatives. By and by all the international markets increased in the 1990s in the rise of financial globalization.

13. Surma Akhter

14. Impacts of globalization ECONOMIC GROWTH: Globalization’s impact on economic growth can be understood by the major increases in worldwide trade and exchanges in an increasingly open, integrated, borderless international economy. A remarkable growth can be seen in such trade and exchanges, not only in traditional international trade in goods and services, but also in exchanges of currencies, in capital movements, in technology transfer, in people moving through migration, and in information exchange.measuring the extent of globalization is by counting the volume of international financial transactions, with over $1.2 trillion flowing through New York currency markets each day and with the volume of daily international stock market transactions exceed this enormous amount.

15. Impacts of globalization: COUNTRIES: The rise of India and China can be taken as a part of the big picture which reveals highly uneven distribution of benefits of globalization. The industrial countries, with their strong initial economic base, abundance of capital and skill, and technological leadership, were well placed to gain substantial benefits from increasing globalization. The effects of globalization currently emanate most strongly from two main centers Europe and the United States and increasingly, as their industrialization proceeds also from India and China. Ripples of change from these centers are beginning to affect even the smallest and most remote and isolated communities all around the globe.

16. Impacts of globalization: PEOPLE: People started to move into cities from the country side expecting more jobs and facilities and to earn a good living. This can be taken as a key feature of globalization and industrialism. With this social mobility increases and new middle classes emerge with new values of aspirations and ideas of personal responsibility.. Globalization creates many job opportunities and causes erosion of jobs in the country and fuels unemployment as well. Due to that people are often threaten to take jobs abroad to save money, millions of employees often face the fear of pay cuts and layoffs. Such unpredictable scenarios can cause serious emotional unrest and can disorientate an individual.

17. Sultana Akhter

18. The positive effects of globalization in bangladesh Impact of globalization is obvious in the following spheres : • Impact On Communication : With the impact of high-tech communication media and ultramodern transportation facilities, the world has come closer. Now we can learn instantly what is happening in the farthest region. Countries of the world have become like families in a village. They can share their joys and sorrows like next-door neighbors.

19. The positive effects of globalization in bangladesh • Impact On The Economy : The Impact Of globalization on Bangladesh economy cannot be denied. Like the developing countries of the world our country is getting benefit out of border-less market. Our GDP has increased. Garment industries are considered the foreign exchange earner. In terms of investment, employment and exports, the functioning EPZs(Export Processing Zones) have been greatly successful .

20. Jannatul F erdous

21. The positive effects of globalization in bangladesh Impact On Modern Technology : Globalization is now largely based on a strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and inter-connected world of information resulting in a 24-hour trading network. This technology has largely changed banking and financial activities. Worldwide money transfer and transaction of businesses have now become a matter of clicking the mouse of a computer. Some products like software and TV schedules are also amenable to digital of electronic transmission. We can now buy and sell goods through the electronic screen .

22. conclusion The countries produce more and more goods and services due to the competition, with that the productivity grows more quickly. This leads the way to the economic growth and the living standards can go up faster. Global competition and cheap imports keep a lid on prices, so inflation is less like to derail economic growth . An open economy brings out fresh ideas from abroad . People get the chance to work abroad and earn more than doing jobs in their own country . Unfettered capital flows give access to foreign investment and keep interest rates low.

23. Thank You All

24. Any Question???