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    Process of Globalization Positive and Negative Effects of Globalization

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    LizzyJoy PH
    The document discusses the process of globalization and its positive and negative effects. It defines globalization as the integration and standardization of socio-cultural and economic interactions through reduced barriers between nations and increased interdependence globally. It then outlines five key processes that drive globalization: 1) advancement of technology through collaboration and trade, 2) expansion of international commerce through free trade, 3) rising importance of private capital flows, 4) increasing travel and migration, and 5) greater communication and interaction through various media like the internet. Globalization is driven by international trade, investment, technology, transport, ICT, machinery and finance.

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    Process of Globalization Positive and Negative Effects of Globalization

    Uploaded by

    LizzyJoy PH
    339 views3 pages
    The document discusses the process of globalization and its positive and negative effects. It defines globalization as the integration and standardization of socio-cultural and economic interactions through reduced barriers between nations and increased interdependence globally. It then outlines five key processes that drive globalization: 1) advancement of technology through collaboration and trade, 2) expansion of international commerce through free trade, 3) rising importance of private capital flows, 4) increasing travel and migration, and 5) greater communication and interaction through various media like the internet. Globalization is driven by international trade, investment, technology, transport, ICT, machinery and finance.

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    including positive and negative effects of globalization

    Original Title

    Process of Globalization; Positive and Negative Effects of Globalization

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    The document discusses the process of globalization and its positive and negative effects. It defines globalization as the integration and standardization of socio-cultural and economic interactions through reduced barriers between nations and increased interdependence globally. It then outlines five key processes that drive globalization: 1) advancement of technology through collaboration and trade, 2) expansion of international commerce through free trade, 3) rising importance of private capital flows, 4) increasing travel and migration, and 5) greater communication and interaction through various media like the internet. Globalization is driven by international trade, investment, technology, transport, ICT, machinery and finance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    339 views3 pages

    Process of Globalization Positive and Negative Effects of Globalization

    Uploaded by

    LizzyJoy PH
    The document discusses the process of globalization and its positive and negative effects. It defines globalization as the integration and standardization of socio-cultural and economic interactions through reduced barriers between nations and increased interdependence globally. It then outlines five key processes that drive globalization: 1) advancement of technology through collaboration and trade, 2) expansion of international commerce through free trade, 3) rising importance of private capital flows, 4) increasing travel and migration, and 5) greater communication and interaction through various media like the internet. Globalization is driven by international trade, investment, technology, transport, ICT, machinery and finance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Process of Globalization;

    Positive & Negative Effects of


    Globalization

    Submitted to:
    Virginia O. Verde Ph.D
    (Soc101 Teacher)

    Submitted by:
    Ritz Joy Jose
    Ariane Padunan
    (BSED II)
    Bea Lorettē
    Globalization:
    The process of socio-cultural and economic integration and standardization through the
    breakdown of national barriers and increased interdependency in the global setting.
    The process of interaction and integration among people, companies, government &
    different nations.

    Globalization Process:
    1. Advancement & spread of technology through collaboration and production & entry of
    commercial technology through free trade.
     Technology as the driver/ cause of Economic and Social Development worldwide.
     Technologies and Machineries for producing.

    2. Expansion of international commerce as is the case of free trade involving exports and
    imports with minimal or no restrictions.
     Commerce is the activity of buying and selling.
     Export is a function of international trade whereby goods and products produced
    in a country or shipped to another country for future sale or trade.
     Import is a goods and product into jurisdication (make legal decisions and
    judgements) especially across national boarder.

    3. Rising the importance of Private Capital Flows as in the case of stock market, multi-
    national corporation and out-sourcing.
     Private Capital Flow (% of GPD) is the sum of equity capital, reinvested earning,
    short and long-term capitals and balance in payments.

    4. Increasing travel & migration as in the case of international tourism, health care tourism
    & foreign education.
     Migration makes important social and economic contributions to destination
    countries, culturally enriching their societies, enhancing tourism products and
    providing labor for travel, tourism hospitality and catering sectors.

    5. Increases communication & interaction between people through various forms and
    channels of media especially via internet.
     In everything including interaction, entertainment, information, etc.
     Through social media companies can advertise their products with everyone as
    they have access on the internet.
    Globalization Process was driven by;
    1. International Trade which had a great share on GDP around the world. The
    importance of International Trade is that Economies can be stimulated by transport
    and encouraged through ICT.

    2. Investment where products and services previously available within one country are
    made more readily available to new markets.

    3. Technology
    a. Transport-in world trade, products can be sent all over the world quickly.
    b. Information & Communication Technology (ICT)-distance is not problem
    anymore. Distant people can now pass their messages where ever they were.
    c. Machinery-for producing.

    4. Finance refers to the integration between an individual country’s linkage to


    international markets.

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