The globalization of markets

1. The Globalization of Markets By Mohammed Abdelrahman Ghorab Supervision by : Prof. Dr. sc. agr . Erskin Blunck

2. Agenda: What is Globalization? Introduction; The Story of Globalization from History H ow has the exchange of goods and services and technologies affected people ? Why it happen? And its effect Causes of Globalization Music Vs. Cinema MNC and Global Corporates Failure of Standardization: Truth Has Many Faces Cracking the code of Western Markets Is it Good or Bad for us? You captured the best and the worst of globalized economy: Opportunities and threats ?

3. What is Globalization? “The poor complain, they always do, but that’s just idle chatter. Our economic/government system brings rewards to all rich, at least to all who matter.”    “ the best definition of globalization” Canadian development economist Gerald Karl Helleiner (1936- ) Referred to by Noam Chomsky

4. The History of globalization

5. The Story of Globalization From Silk Road 325 BCE to Columbus 1492

6. What are some legacies of Historical Globalization Between 1876 to 1914 the imperial power of Troops of the Eight nations alliance of 1900. Left to right: Britain, United States, Australian colonial, British India, Germany, France, Austria-Hungary, Russia, Italy , Japan King Leopold II

7. But how has the exchange of goods and services and technologies affected people? Different food from different cultures and places have been exposed to other cultures that is why we have so much variety of food choices , it was exchanged in the silk road

8. Why it happens:

9. Causes of Globalization

10. Music VS Cinema 1,330,188,500 Views Swedish Vs. Hollywood? 200 Million $ Vs. 220 M.$

11. MNC and Global Corporates Chasing after many little Ideas quickly Moving towards one clear big Ideas

12. Failure of Standardization Truth Has Many Faces

13. Cracking the code of Western Markets

14. Is it Good or Bad?

15. You captured the best and the worst of globalized economy: Multicultural Accessibility and open markets Unlimited number of Ideas and innovation in a free market ideology. No borders and breaking barriers Common Language Interconnected world and interdependent with new Opp.& Chal . Increased World output Increased Consumer welfare Reduce the role and the responsibilities of the Gov. Peace Long-run benefits for global economies Decrease prices to minimal Interconnected economy with politics and culture Growth of NGS like Greenpeace power Imperialism Widening the gap between richer and poorer Domestic products are nearly dead! Loosing your identity and culture Monopolization of the market Inequalities Spread of economic shock Externalities Poverty & increase transmission of diseases and infections Lower environmental standards and pollution and unsustainable env . Job losses and loss of major local & domestic production and markets because of the greater competition More service sector which cause Dutch disease MacWorld western culture becoming a dominant cultural-political & economical force

16. Thanks for your attention, Questions?

17. References: http://www.economicshelp.org/blog/401/trade/what-caused-globalization / http:// en.wikipedia.org/wiki/File:Troops_of_the_Eight_nations_alliance_1900.jpg http:// www.youtube.com/watch?v=n5q4hDB5s_c http:// www.youtube.com/watch?v=As3pWXoq_as&list=PL7D6DF5C5059B3C71 http://www.youtube.com/watch?v=srozhNOxS3w http:// cps.sagepub.com/content/33/6-7/941.abstract http://www.persistentsentinel.com/index.php/product-line/product-customization / http:// www.enotes.com/homework-help/list-advantages-disadvantages-globalization-113517 http:// www.youtube.com/watch?v=x9PcuZSUxnk http:// www.youtube.com/channel/UC3YG_brSlMC2k3A_8YUgF3Q http://en.wikipedia.org/wiki/Western_culture The international Context, Ch.10, The Globalization of Markets, By Theodore Levitt, P: 563-567