Globalization refers to the transformation of social processes into a global system characterized by expanding social networks and activities that overcome traditional boundaries. It involves the intensification and acceleration of social exchanges on a global scale as well as the subjective awareness of growing interdependence between people worldwide. The advantages of globalization include improved productivity and lowered prices through increased competition, as well as the promotion of peace, improved access to technology, and new job creation as economic ties between nations deepen. The effects are an increase in global interactions, the removal of cultural barriers, the ability to speak multiple languages, the defeat of language barriers, the development of a global village, and closer relationships between people worldwide.
Globalization refers to the transformation of social processes into a global system characterized by expanding social networks and activities that overcome traditional boundaries. It involves the intensification and acceleration of social exchanges on a global scale as well as the subjective awareness of growing interdependence between people worldwide. The advantages of globalization include improved productivity and lowered prices through increased competition, as well as the promotion of peace, improved access to technology, and new job creation as economic ties between nations deepen. The effects are an increase in global interactions, the removal of cultural barriers, the ability to speak multiple languages, the defeat of language barriers, the development of a global village, and closer relationships between people worldwide.
Globalization refers to the transformation of social processes into a global system characterized by expanding social networks and activities that overcome traditional boundaries. It involves the intensification and acceleration of social exchanges on a global scale as well as the subjective awareness of growing interdependence between people worldwide. The advantages of globalization include improved productivity and lowered prices through increased competition, as well as the promotion of peace, improved access to technology, and new job creation as economic ties between nations deepen. The effects are an increase in global interactions, the removal of cultural barriers, the ability to speak multiple languages, the defeat of language barriers, the development of a global village, and closer relationships between people worldwide.
Refers to a set of social processes that are thought to
transform our present social condition into one globality Characteristics of Globalization 1. Globalization involves the creation of new and the multiplication or existing social networks and activities that increasingly overcome traditional, political, economic, cultural and geographic. 2. Expansion and stretching of social relations, activities and interdependencies. 3. Globalization involves the intensification and acceleration of social exchanges and activities. 4. Involves the subjective plan of human conciousness of growing manifestations of social interdependence and social interactions. Advantages of Globalization 1. Globalization improves productivity
• globalization improves domestic productivity by expanding knowledge.
Allowing foreign imports increase competition, which forces innovation in order for companies to stay in demand. 2. Globalization has lowered prices • the free movement of goods and people has brought overheads down and allow companies to sell products more cheaply 3. Globalization promotes peace • the deeper the economic ties between nations, the greater the incentive to avoid conflict 4. Globalization has improved access to technology • in a hyper-connected world, new technologies spread faster between markets 5. Globalization creates job • economic liberalization has made it easier for companies to relocate, allowing them to rapidly scale up and create new jobs Effects of Globalization 1. Increase of interactions 2. Removes cultural barrier 3. Be able to be multilingualism 4. Defeating language barrier 5. Develop a global village 6. Creates close relationship