GLOBALIZATION

What is
Globalization?
GLOBALIZATION

• a process of interaction and integration among the

people, companies, and governments of different
nations, a process driven by international trade and
investment and aided by information technology.
• Building or forging of international political,
economic, religious and socio-cultural relations
and interconnections
• Globalization is the process by which ideas, knowledge,
information, goods and services spread around the world. In
business, the term is used in an economic context to describe
integrated economies marked by free trade, the free flow of
capital among countries and easy access to foreign resources,
including labor markets, to maximize returns and benefit for
the common good.
TYPES OF GLOBALIZATION

1. Economic Globalization
2. Political Globalization
3. Cultural Globalization
ECONOMIC GLOBALIZATION

• Focuses on the unification and integration of

international financial markets.
POLITICAL GLOBALIZATION

• Deals with policies designed to facilitate

international trade and commerce; implementation
of policies which can include national government
as well as international institutions
CULTURAL GLOBALIZATION

• Focuses on the social factors that cause cultures to

converge.
•Identify the following as to
POSITIVE or NEGATIVE effects of
globalization
1. Lower costs of products 6. Deforestation
2. Access to new markets 7. Unequal economic growth
3. Terrorism 8. Spread of technology
4. Economic growth 9. Lack of local jobs
5. Job Insecurity 10.Increased employment
opportunities
How does political
globalization influence the
nation-state?
• Globalization also creates a sense of interdependence
among nations, which could create an imbalance of power
among nations of different economic strengths. The role
of the nation-state in a global world is largely a regulatory
one as the chief factor in global interdependence.