GE1714

Name: Tolibas, Elnel A. Section: BSTM-702

Date: 9 / 21 / 2022 Score:

Directions: Draw a concept map about globalization then define it in your own words.

GLOBALIZATION

According in our first handout about Globalization, it is a process of interaction and integration among the
People, Companies and Governments of different nations. It is also a process driven by international trade and
investments and aided by information Technology.

We all have distinct explanations and interpretations of certain terms. They may have the same meaning, but
the way we perceived and interpret it differs.

In my perspective, the essential terms that best express the concept of Globalization are as follows; first is
Globalization is associated with People since the method by which individuals from different countries shapes the
connectedness through beliefs, culture, experiences and knowledge. Company /Companies comes in second. The
different industries benefit from Globalization as it acts as a windows of opportunity in seeking cheaper list costs in
raw materials as well as innovative methods and techniques to produce their products. The third on the list is
Government. Government plays a vital part to a country’s economic growth because if its efficiency and
effectiveness in regulating foreign businesses and trades, which shapes competence and global interdependence. The
last one is Technology. Technology is the sole advancement product of a globalized country. It facilitated a partial
reshaping of innovation landscapes and produce efficient ways providing less man-power and promotes diversity.

01 Worksheet 1 *Property of STI

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