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Globalization (D)

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Globalization

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Globalization (D)

Globalization

Hai Ha Vu
1

investment customs markets Industrialized exports affected transportation governments political developing products bans ECONOMY G dominant challenge competitions crisis interdependent opportunity trade governmental distribution diversity

Globalization as both an and a

1 . What is globalization ?
Globalization = Economic , ecological , social , problems are not restricted to the national level , but more .

2 . What causes globalization ?
? Modern communication and mass media ( allowing the of information worldwide for affordable prices )
? Lower cost of
? Liberalization of international ( i . e . , Open markets which removes import tariffs , import quotas , and import worldwide )

3 ) 03 Aspects of globalization :
3 . 1 .
- Main catalyst for globalization and the most areas
- Increasing and direct investment , the rise of multinational corporations ( seeking new , cheap productions )
3 . 2 . POLITICS
- Global issues ( e . g . climate change , financial , terrorism ) cannot be solved by a single state , but a group of countries ( eg . EU , - 20 , and UNO )
- The rise of non - organizations , not belonging to a particular state create pressure to affect the
3 . 3 . CULTURE
- McWorld : Western culture ( e . g . music , news , products & English language ) becomes and destroy local culture and global
- Backlash : people return to local and regional cultural
Winners and losers in globalization
- Winners : New industrialized countries & rapidly countries ( due to lower wages - - > cheap - - > global success ( e . g . China ) )
- Losers : African countries ( not prepared for international and failing to attracting direct )
- Both winning and losing : countries ( new markets vs . new competitions from other countries )