People s opinion on GLOBALISATION

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Gaurav Gupta 09030122122 .

capital flows.foreign direct investment.It describes the process by which regional economies. and cultures have become integrated through a global network of political ideas through communication. . the spread of technology. and military presence. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade. migration. transportation. and trade. societies.

By Tom G. Palmer the diminution or elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result. .

Effects Globalization has various aspects which affect the world in several different ways. ‡ ‡ ‡ ‡ ‡ ‡ Industrial Financial Economic Job market Health policy Political ..

Culture is what people eat. how they dress.What is Culture ? "Culture" is defined as patterns of human activity and the symbols that give these activities significance. the beliefs they hold. and the activities they practice. .

These tattoos are popular with today's youth despite the lack of social acceptance of tattoos in China. and American burgers and fries have become popular outside their countries of origin. with over 31. For example. Indian curry. Japanese noodles. McDonald's often cited as examples of globalization.000 and 18.000 locations operating worldwide. . American companies.How culture is effected? Globalization has joined different cultures and made it into something different. French cheese. Another common practice brought about by globalization is the usage of Chinese characters in tattoos. Swedish meatballs.

India has cut its poverty rate in half in the past two decades. . ‡ Improved wealth through the economic gains of globlisation has led to improved access to health care and clean water which has increased life expectancy.Benefits of Globalisation ‡ Economies of countries that engage well with the international economy have consistently grown much faster than those countries that try to protect themselves. ‡ Countries which have had faster economic growth have then been able to improve living standards and reduce poverty.

‡ Improved environmental awareness and accountability has contributed to positive environmental outcomes by encouraging the use of more efficient. .Benefits continue ‡ Increased global income and reduced investment barriers have led to an increase in foreign direct investment which has accelerated growth in many countries. less-polluting technologies and facilitating economies' imports of renewable substitutes for use in place of scarce domestic natural resources.

and it requires participating countries to undertake economic restructuring and reform. across borders. have exacerbated the situation. SARS and bird flu. Trade liberalisation rewards competitive industries and penalises uncompetitive ones. . The AIDS crisis has reduced life expectancy in some parts of Africa to less than 33 years and delays in addressing the problems.Problems of Globalisation ‡ There are social and economic costs to globalisation. ‡ Increased trade and travel have facilitated the spread of human. like HIV/AIDS. caused by economic pressures. animal and plant diseases. ‡ Some countries have been unable to take advantage of globalisation and their standards of living are dropping further behind the richest countries.

Agricultural seed companies are destroying the biodiversity of the planet. mining and fishing industries exploit inadequate environmental codes and corrupt behaviour in developing countries. and depriving subsistence farmers of their livelihood. forest.Problems continue ‡ The increasing interdependence of countries in a globalised world makes them more vulnerable to economic problems like the Asian financial crisis of the late 1990's. . ‡ The environment has been harmed as agricultural.

and engineering growth ‡ The immediate international environment also plays a role (in terms of partnerships) consequently. socio-economic culture in the country. but needs better management: well-designed rules. look for the right partnerships from a distance too. . ‡ Important to position e-trade in a broader context of economic development.Conclusion ‡ Globalization is potentially positive.

we must: Understand its impacts Work to remedy the problems Work to spread the benefits as widely as possible . but it is not going to Disappear So  We need to learn how to reap its benefits. and minimize its costs.Globalization Is Here to Stay!  Globalization does have problems and negative effects. To do that.

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globaleducation.edna.htm .org/wiki/Globalization ‡ http://economics.com/od/globalizationtrade/l/aa globalization.wikipedia.‡ http://www.au/globaled/go/c ache/offonce/pid/178 ‡ http://en.edu.about.