POLITICAL SCIENCE

ART INTEGRATed LEARNING

Globalization
CLASS 12TH”C”
SESSION :2020-21
 INDEX
• Acknowledgement
• Introduction
• Background
• Causes of Globalization
• Negative Effects
• Positive Effects
• Conclusion
• Bibliography
• Teacher’s remark
 ACKNOWLEDGEMENT
I would like express my special thanks of gratitude to my teacher ANIL GAUR as
well as our principal MRS ANITA VASHISTH who gave me the golden
opportunity to do this wonderful project on the topic GLOBALIZATION, which
also helped me lot in doing a lot of research and I came to know about so many
new things, which expanded my knowledge so much. I am really thankful to them.

Secondly, I would also like to thank my parents who helped me lot finalizing
this project within the limited time frame.
GLOBALIZATION
 INTRODUCTION
* Globalization is the process of interaction and integration
among people, companies, and government worldwide.
Globalization has accelerated since in 18th century due to
advances in transportation and communication technology.
This increases in global interaction has caused a growth in
International trade and the exchanges of idea and culture.
Globalization is primarily an economic process of interaction

and integration that is associated with social and cultural aspects. However, disputes and
diplomacy are also large parts of the history of globalization, and of modern globalization
* Economically, globalization involves goods,
services, data ,technology, and the economics
resources of capital. The expansion of global
markets liberalizes the economic activities of the
exchange goods and funds. Removal of cross-
-border trade barriers has made the formation of
global market more feasible . Advances in the
transportation, like the steam, locomotive, the
steamship, jet engines, and the container ships
and developments in telecommunication and the
infrastructure ,the telegraph, internet, and mobile phones have been major factors in globalization and
have generated further interdependence of economics and the culture activities around the globe.
* Though many scholars places the origins of the
globalization in modern times, others traces its
history to long before the European Age Of the
Discovery and the voyages to the new world and
some even to the third millennium BC. The term
globalization first appeared in the early 20th century
(supplanting an earlier French term globalization),
developed its current meaning some time in the
20th century, and came into popular use in the 1990s.
Large-scale globalization began in the 1820s, and the later 19th century
and early 20th century drove a rapid expansion in connectivity of the world’s
economies and cultures.
* In 2000, the International Monetary Fund (IMF)
Identified four basic aspects of globalization trade
and transaction , capital and investment movements,
migration and the movement of people, and the
dissemination of knowledge . Environmental
challenges such as global warning, cross-boundary
water and air pollution and over fishing have been
linked to globalization . Globalizing processes affects
and are effected by business and work organization ,
economics, sociocultural resources , and the natural
environmental . Academic literature commonly divides globalization
into three major areas economic globalization, cultural globalization and
political globalization.
 BACKGROUND
* Historically, the dominant power tends to support the
Globalization as a way to increase the ambit if its
influences, expand trade and gain economic advantage
Co-opt new citizens and possibly show the advantages
Of its own pax. This was the case with the Roman ,
British and now American-led globalizations. The original
Era of globalization lasted from 1880 t0 1914 when the
World War I began. It harnessed the powers of global
Communication and swift transport to link the world economically.
* This first era was marked by “a dominant but the
financially over stretched global power , rival power
that defined themselves only in opposition to the
dominant power with global aspiration, a proliferation
of “failed states” and states–sponsored armed group.
For developing countries, globalization means the
integration with world economy. In the simple words
economic terms, globalization refers to the process
of integration of the world into one huge market .
Such unification calls for the removal of all trade barriers
among the countries. Globalization in terms of these flow has taken places
much of the human history.
CAUSES OF GLOBALIZATION
• Improved transportation: There has been a rapid
Increase on globalism definition with the rapid growth
of transportation. This has led to a more significant
movement of goods and people across the globe,
apart from having the pros and cos of globalization
In the same context.
• Improved technology : Improved technology has
made communication and sharing of information . For
example, the internet has brought the world together
in terms of trade , people communication, etc.
*Growth of multinational companies: Tapping and the
entering new markets the a global presence, has led
to an increase in light globalism definition. The pros
and cons of globalization should also betaken care
of this regard.
*Reduced Trade Barriers : Through the support of the
organization such as WHO has encouraged global
trade which can have positive as well as negative
effects of globalization. The pros and cons of the
globalization are taken care by these organizations.
*Economics Of Scales: Firms are enjoying gains from the economies
scales that have increased due to specialization.
 NEGATIVE EFFECTS
• Loss of domestic industries
• Exploits Human resources
• Decline in income
• Unemployment
• Transfer of natural resources
• Lead to commercial and political colonism
• Widening gap between rich and poor
• Dominance of foreign institution
 POSITIVE EFFECTS
• Expansion of market
• Free determination of production capacity
• Development of independent money market
• Technical development
• Transfer of business
• Flow of resources
• Indigenous multinational corporation
• Development of competitive power
 CONCLUSION
Globalization is a broad , contentious, multifaceted issue that affected people and
cultures around the around. It is a broad concept that flows through many aspects of
the world key areas of effect of globalization are economy, trade, industry, finance,
culture and health etc..,. The impact of globalization on international finance is a buzz
topic in today’s context with the world financial crisis.
International finance is a main area that has a significant impact of globalization
economy and international finance are closely interconnected where international
finance accommodates the world economy, there are number of benefits finance and it
can be started as the backbone of the economy, international finance.
 BIBLIOGRAPHY
• www.google.com
• magazine
• https://en.Wikipedia.org
• www.brainly.com
• www.askme.com
• www.indiaeducation.net
 MADE BY
•Sonu kumar(Leader)
•Tanya Singh(Member)
•Vijay Kumar(Member)
•Rounak Suyal(Member)
•Rajeev kumar(Member)
•Shiva Maurya(Member)
TEACHER’S REMARK