GLOBALIZATION

Advance

TECHNOLOGY

TRANSPORTATION INTERNET GADGETS

Growth of growth of growth of

TRANSPORT AND COMMUNICATION

PEOPLE COUNTRY
Exchange of GOODS AND Exchange of
INFORMATION

INTERNATIONAL TRADE
AND INVESTMENT

ECONOMIC TRANSPORTATION OF GOODS

DEVELOPMENT
PRODUCT AND
SERVICE COST
ECOLOGICAL PROBLEM
LACK OF LOCAL
Can Result to
BUSINESSESS

CLIMATE CHANGE
INCREASED
COMPETITION
UNEQUAL ECONOMIC
GROWTH
GLOBAL WARMING
EXPLANATION:
Globalization is the process of interaction and integration among different people, companies, and
governments worldwide. This process is driven by international trade and investment through the
use of advance technology such as transportation, gadgets, and internet. Because of this advance
technology growth of transportation and communication possible. Through this advance technology
it is now much easier to communicate to other countries, as well as the transportation. This means
that people and country can now exchange goods and information easily and quickly through
international trade. This trading process or globalization in general has an effect in our economy,
and environment. International trade and investment cause economic development by increasing
the international exchange of goods, but this economic development is not always equal. While
globalization tends to increase economic growth for many countries, the growth isn’t equal—
richer countries often benefit more than developing countries. Also, transportation of goods
means usage of different transportation vehicles such as airplane, lorries, and ships that result in
increase of carbon dioxide which is the cause of climate change which is the main cause of global
warming. International trade and investment can also cause increased competition because of
the product and service cost of different nations. Because of this we cannot say that globalization
is good or bad as it has its advantages and disadvantages.