Globalization PDF
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This document discusses globalization, its effects on various aspects of society, and provides a brief history of recent events. It encompasses the economic, cultural, and social implications of globalization and presents a summary of debates about the impacts on jobs, wages, and income inequality. The document further explores the impact of globalization on resources, technology, and societal needs.
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What Is Globalization? Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. Evolution of Globalization Recent Events Measuring Globalization Globalization of Markets: Conv...
What Is Globalization? Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. Evolution of Globalization Recent Events Measuring Globalization Globalization of Markets: Convergence in buyer preferences in markets around the world Reduces Marketing Costs Creates New Market Opportunities Levels Uneven Income Streams Local Buyers’ Needs Global Sustainability Globalization of Production: Dispersal of production activities to locations that help a company to minimize costs and/or maximize quality. Resources for production of goods and services. Access Lower-Cost Workers Access Technical Expertise Access Production Inputs Drivers of Globalization Falling Barriers to Trade and Investment World Trade Organization Regional Trade Agreements Other International Organizations – UN, IMF, World Bank Global E-commerce The Internet Intranets and Extranets Digital Transformation Communication and Transportation Communication Transportation Technologies Globalization Debate Globalization Harms Jobs and Wages. Improves Jobs and Wages. Summary of the Jobs and Wages Debate: Efficient use of resources. Debate about Income Inequality Inequality within Nations Inequality between Nations Globalization and Culture. Globalization and National Sovereignty Menace to Democracy? or Guardian of Democracy? Globalization and the Environment
