What is Globalization?

Globalization is described as a continuing process of economic, cultural, social, and

political changes in the world caused by the growing interdependence of countries
and their economies through the integration of trade, finance, labor, and ideas in one
global marketplace. Advancements in technology have diminished national and geo
political boundaries allowing for a transnational movement of goods, services and
capital throughout the globe. This global access of products and services has
contributed to the homogenization of world consumer tastes and trends, (World Bank,
2010; Guttal, 2007). Some examples of globalization would include the role of the
United Nations as detailed in the UN Charter,
“To achieve international cooperation in solving international problems of an
economic, social, cultural, or humanitarian character”

Hindrances to Globalization
RAMOS
1. Improper business ethics
- The Chinese in African countries are coming to dump their cheap materials and in all
the sectors that they are involved they are treated with suspicion.
2. Poor legislation
- Countries should have laws that make it possible for willing international investors to
easily do business while at the same time promoting the indigenous people's rights and
business interests.

PERAS
3. Restricting Policies
- Immigration policies that restrict free entry
- Trade policies that promote protectionism and restrictions to free flow of trade &
commerce.
4. Culture
- Some cultures restrict free human interactions like marriages.
- Language and communication can constitute barriers
TRIVINO
5. Terrorism
- Some persons of some ethnic or social class may be denied free entry and movement
in some countries.
6. Poverty
- Movement around the world requires substantial resources, which people from poor
countries cannot afford, constraining free movement of labor

LAWRENCE
7. Poor Education and Technology - Double edged
- The less educated have limited market and choice where to offer their labor.
- Technology can also undermine free movement and contact of humans.
8. Exploitation labor
- Prisoners and child workers are used to work in inhumane conditions.
-Safety standards are ignored to produce cheap goods. There is also an increase in
human trafficking.

RD
9. Government Intervention
10. Environmental laws

ALL (Sa huli ‘to after ko, bali dapat yung pagsasalita ntin dto parang nag cacampaign tayo
yung after ko sabhn yung una, bgla magsasalita yung next tapos after nun mag sasalita n
yung next uli, basta mabilis hahaha gets ba?)

RD – For us the most thing that slowing down the Globalization is the “Human Mindset”
RAMOS – Because they fear change
PERAS – Not thinking outside the box
LAWRENCE – They don’t want to take the risk
TRIVINIO – Human nature prefers the greed over the efficiency
Brief definition of Globalization
Globalization is described as a continuing
process of economic, cultural, social, and political
changes in the world caused by the growing
interdependence of countries and their economies
through the integration of trade, finance, labor, and
ideas in one global marketplace.
Hindrances to Globalization
1. Improper business ethics
- The Chinese in African countries are coming to
dump their cheap materials and in all the sectors that
they are involved they are treated with suspicion.
2. Poor legislation
- Countries should have laws that make it possible for
willing international investors to easily do business
while at the same time promoting the indigenous
people's rights and business interests.
3. Restricting Policies
- Immigration policies that restrict free entry
- Trade policies that promote protectionism and
restrictions to free flow of trade & commerce.
4. Culture
- Some cultures restrict free human interactions like
marriages.
- Language and communication can constitute
barriers
5. Terrorism
- Some persons of some ethnic or social class may be
denied free entry and movement in some countries.
6. Poverty
- Movement around the world requires substantial
resources, which people from poor countries cannot
afford, constraining free movement of labor
7. Poor Education and Technology
- The less educated have limited market and choice
where to offer their labor.
- Technology can also undermine free movement
and contact of humans.
8. Exploitation labor
- Prisoners and child workers are used to work in
inhumane conditions.
-Safety standards are ignored to produce cheap
goods. There is also an increase in human trafficking.
9. Government Intervention
-In a form of increasing the VAT and Tariffs between
the sovereign countries.
10. Environmental laws
-Natural resources laws which addressing the effects
of human activity on the natural environment.
Brief definition of Globalization
Globalization is described as a continuing
process of economic, cultural, social, and political
changes in the world caused by the growing
interdependence of countries and their economies
through the integration of trade, finance, labor, and
ideas in one global marketplace.
Hindrances to Globalization
1. Improper business ethics
- The Chinese in African countries are coming to
dump their cheap materials and in all the sectors that
they are involved they are treated with suspicion.
2. Poor legislation
- Countries should have laws that make it possible for
willing international investors to easily do business
while at the same time promoting the indigenous
people's rights and business interests.
3. Restricting Policies
- Immigration policies that restrict free entry
- Trade policies that promote protectionism and
restrictions to free flow of trade & commerce.
4. Culture
- Some cultures restrict free human interactions like
marriages.
- Language and communication can constitute
barriers
5. Terrorism
- Some persons of some ethnic or social class may be
denied free entry and movement in some countries.
6. Poverty
- Movement around the world requires substantial
resources, which people from poor countries cannot
afford, constraining free movement of labor
7. Poor Education and Technology
- The less educated have limited market and choice
where to offer their labor.
- Technology can also undermine free movement
and contact of humans.
8. Exploitation labor
- Prisoners and child workers are used to work in
inhumane conditions.
-Safety standards are ignored to produce cheap
goods. There is also an increase in human trafficking.
9. Government Intervention
-In a form of increasing the VAT and Tariffs between
the sovereign countries.
10. Environmental laws
-Natural resources laws which addressing the effects
of human activity on the natural environment.