The Importance of Globalization 3-1.pptx

Advantages of Globalization

1. SCAE (Q 沙 wcponald E Giller Globalzation SNMSUNG Marlbor

2. WHAT IS G LOBALIZATION? · Globalization can be defined as a process of rapid economic , cultural , and institutional integration among countries . · This unification is driven by the liberalization of trade , investment and capital flow , technological advances , and pressures for assimilation towards international standards . · Globalization makes the world more accessible to everyone . 2

3. TYPES OF GLO BALIZATION 1. Economic : Countries that trade with many others and have few trade barrier s are economically globalized. 2.Social: A measure of how easily information and ideas pass between people in their own country and between different countries ( includes access to internet and social media networks ). 3. Political : The amount of political co - operation there is between countrie s.

4. EFFECTS OF GLOBALIZATION 10

5. Globalization has led to increase in competition. 11

6. Globalization helps in knowledge and informatio n transfer across the globe . MI F2l Way of Life ! Globalizatio n causes exchange of technology. 12

7. Globalization has led to increa se in investment levels and rise in opportunities. 13

8. Globalization has led to vast Multinational and multicultural management. 14

9. ADVANTAGES OF G LOBALIZAT ION 18

10. Hindustan Motors MARUTI SUZUKI Count on us Che aper Goods For Consumers and Better Product Quality : Increased competitiveness may also lead to decline in the price of goods,improvements in quality of goods and choice of goods. 19

11. Increase In Skilled Workers : Increased international labor mobility has led to an increase in skilled workers. 20

12. Lower Cost of produc tion: Nike shoes are made in Vietna m due to lower cost of production. 21

13. Improvement In Education: The spread of the internet has helped to im prove education. 22

14. Cultural Diversity: Increa sed movement of labor leads to an i ncrease in the spread o f different cultural i deas. 23

15. Poverty R eduction: GDP of the developing countries has increased twice as much as before 24 Reducing Poverty

16. across the gl obe. Transportatio n: Globalization has led to tremendous in crease in transport services

17. Diageo worlds largest spirit s company having most popular brands like Johnnie Walker,Smirnoff,Baileys purchases 55% stake in the India ' s largest liquor company United Spirits. 26

18. DISADVANTAGES OF GLOBALIZATIO N 27

19. Increased Commodity Price: Prices then an d now have increase tremendously. 28

20. Exploitation Of Cheap Labor: Workers working day and night to produce goods for very little mo ney. 29

21. Cause Of Diseases : It is the cause of very serious heal th problems all over the globe. 30

22. Increased Relative Povert y and Inequality: We have everything by globaliza tion, we have nothing by g lobalization. 31

23. 86% of all wealth Uneven Wealth Distribution: The rich ar e getting richer and the poor are getting poorer. The top 10% The bottom 90% waitbutwhy.com 34