GLOBALIZATION

is the connection of different parts of the world resulting in the expansion of

international cultural, economic, and political activities. It is the movement
and integration of goods and people among different countries.

Pros Cons
Workers in developed countries may
Globalization broadens access to
lose out to workers in countries with
goods and services.
cheaper labor.

Globalization has failed to deliver

Globalization can lift people out of desired gains in labor rights, human
poverty. rights and environmental protection.

Information and technology spread Globalization puts more power in the

more easily with globalization. hands of multinational corporations.

Academic Literature commonly subdivides Globalization into 3 major areas:

Economic Cultural Political

Globalization Globalization Globalization