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Globalization

Globalization

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Published by Ali Raza Syed

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Published by: Ali Raza Syed on May 03, 2011
Copyright:Attribution Non-commercial

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11/11/2012

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PRESENTATED BY :PRESENTATED BY :SABINA RAIS AHMEDSABINA RAIS AHMEDNIDA NAEEMNIDA NAEEMSAMI MUNEERSAMI MUNEER
 
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Globalization has been a growingphenomenon for decades and it hasparticularly had great impact on ourdaily lives .
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There are many different definitions of globalization, but most acknowledgethe greater movement of people, goods,capital and ideas due to increasedeconomic integration which in turn ispropelled by increased trade andinvestment. It is like moving towardsliving in a borderless world.
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In this day and age, we look beyond thepolitics and talk more about theindustrial, financial, economic,informational and cultural elements of globalization.
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One particular facet that has affectedboth our daily lives and businessenvironment is that of 
information
 
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 whereby the world is shrinking and communicationbarriers are being reduced to allow for a free-flow andexchange of ideas and dispersion of technology 
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these improvements are not universal, but are concentratedon those belonging to upper and middle income class whilediscriminating against the poor by hindering their globalintegration through information technology.
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The proponents of globalization use macroeconomicindicators primarily focusing on Gross Domestic Product(GDP) growth and per capita income to validate theirarguments and illuminate the success of globalization inpoverty alleviation. Nonetheless, these indicators are not atrue reflection of poverty levels or alleviation

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