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    Globalization refers to the integration of economies and societies through cross-border flows of information, ideas, technologies, goods, services, capital, finance and people. It has led to improved technology in transportation and telecommunication, increased movement of people and capital, and greater diffusion of knowledge. The key dimensions of globalization include rising international trade, integration of capital markets, growth of multinational corporations, and an expanded role of international organizations. While it offers advantages such as increased free trade, transportation ease, and global interconnectedness, it also presents disadvantages like negative impacts on small local businesses, higher risks of civil war and disease transmission between countries.

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    Globalization refers to the integration of economies and societies through cross-border flows of information, ideas, technologies, goods, services, capital, finance and people. It has led to improved technology in transportation and telecommunication, increased movement of people and capital, and greater diffusion of knowledge. The key dimensions of globalization include rising international trade, integration of capital markets, growth of multinational corporations, and an expanded role of international organizations. While it offers advantages such as increased free trade, transportation ease, and global interconnectedness, it also presents disadvantages like negative impacts on small local businesses, higher risks of civil war and disease transmission between countries.

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    4 views7 pages

    Globalization

    Uploaded by

    jay5389_
    Globalization refers to the integration of economies and societies through cross-border flows of information, ideas, technologies, goods, services, capital, finance and people. It has led to improved technology in transportation and telecommunication, increased movement of people and capital, and greater diffusion of knowledge. The key dimensions of globalization include rising international trade, integration of capital markets, growth of multinational corporations, and an expanded role of international organizations. While it offers advantages such as increased free trade, transportation ease, and global interconnectedness, it also presents disadvantages like negative impacts on small local businesses, higher risks of civil war and disease transmission between countries.

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    GLOBALIZATION

    Submitted by:-jay patel Batch:-ISBE-PGP/SS-11-13

    What is Globalization?
    Integration of economies and societies through

    cross country flows of information, ideas, technologies, goods, services, capital, finance and people.

    A process through which the diverse world is

    unified into a single society.

    Features:
    Improved technology in transportation &

    telecommunication
    Movement of people & capital Diffusion knowledge NGO and multinational corporation

    Dimensions of Globalization:
    Increase international trade
    Integration of capital market Increase in multi-national firm Expanded and strengthened role of international

    organization

    Advantages:
    Increase free trade between nation Greater ease of speed of transportation for goods

    & people
    Increase in environmental protection

    Global mass media ties the world together


    Greater interdependence of nation states

    Disadvantages:
    Small & local players affected
    Increased the chance of civil war within countries Greater risk of diseases being transported

    between nation

    Thank You

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