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    محاضرات اللغة الاجنبية

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    Salim S
    Globalization is the spread of products, technology, information, and jobs across national borders, fostering economic interdependence. It can raise living standards in poor countries through jobs and modernization, but also destroy jobs in developed countries as production moves. While it benefits large corporations, its impact is mixed for workers, cultures, and small businesses globally. It is also a social, cultural, political, and legal phenomenon that connects populations but also increases cultural homogenization.

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    محاضرات اللغة الاجنبية

    Uploaded by

    Salim S
    23 views3 pages
    Globalization is the spread of products, technology, information, and jobs across national borders, fostering economic interdependence. It can raise living standards in poor countries through jobs and modernization, but also destroy jobs in developed countries as production moves. While it benefits large corporations, its impact is mixed for workers, cultures, and small businesses globally. It is also a social, cultural, political, and legal phenomenon that connects populations but also increases cultural homogenization.

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    Globalization is the spread of products, technology, information, and jobs across national borders, fostering economic interdependence. It can raise living standards in poor countries through jobs and modernization, but also destroy jobs in developed countries as production moves. While it benefits large corporations, its impact is mixed for workers, cultures, and small businesses globally. It is also a social, cultural, political, and legal phenomenon that connects populations but also increases cultural homogenization.

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

    محاضرات اللغة الاجنبية

    Uploaded by

    Salim S
    Globalization is the spread of products, technology, information, and jobs across national borders, fostering economic interdependence. It can raise living standards in poor countries through jobs and modernization, but also destroy jobs in developed countries as production moves. While it benefits large corporations, its impact is mixed for workers, cultures, and small businesses globally. It is also a social, cultural, political, and legal phenomenon that connects populations but also increases cultural homogenization.

    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
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    Globalization?

    Globalization is the spread of products, technology, information, and jobs across national
    borders and cultures. In economic terms, it describes an interdependence of nations around the
    globe fostered through free trade.

    On the upside, it can raise the standard of living in poor and less developed countries by
    providing job opportunity, modernization, and improved access to goods and services. On the
    downside, it can destroy job opportunities in more developed and high-wage countries as the
    production of goods moves across borders.

    Globalization motives are idealistic, as well as opportunistic, but the development of a global
    free market has benefited large corporations based in the Western world. Its impact remains
    mixed for workers, cultures, and small businesses around the globe, in both developed and
    emerging nations.

    Corporations gain a competitive advantage on multiple fronts through globalization. They can
    reduce operating costs by manufacturing abroad. They can buy raw materials more cheaply
    because of the reduction or removal of tariffs. Most of all, they gain access to millions of new
    consumers.

    Globalization is a social, cultural, political, and legal phenomenon.

     Socially, it leads to greater interaction among various populations.


     Culturally, globalization represents the exchange of ideas, values, and artistic
    expression among cultures.
     Globalization also represents a trend toward the development of single world culture.
     Politically, globalization has shifted attention to intergovernmental organizations like
    the United Nations (UN) and the World Trade Organization (WTO).
     Legally, globalization has altered how international law is created and enforced.

    Globalization Advantages

    Proponents of globalization believe it allows developing countries to catch up to


    industrialized nations through increased manufacturing, diversification, economic expansion,
    and improvements in standards of living.

    Outsourcing by companies brings jobs and technology to developing countries. Trade


    initiatives increase cross-border trading by removing supply-side and trade-related
    constraints.
    Globalization has advanced social justice on an international scale, and advocates report that
    it has focused attention on human rights worldwide.

    Disadvantages of Globalization

    One clear result of globalization is that an economic downturn in one country can create a
    domino effect through its trade partners. For example, the 2008 financial crisis had a severe
    impact on Portugal, Ireland, Greece, and Spain. All these countries were members of the
    European Union, which had to step in to bail out debt-laden nations, which were thereafter
    known by the acronym PIGS.

    Globalization detractors argue that it has created a concentration of wealth and power in the
    hands of a small corporate elite which can gobble up smaller competitors around the globe.

    Globalization has become a polarizing issue in the U.S. with the disappearance of entire
    industries to new locations abroad. It's seen as a major factor in the economic squeeze on the
    middle class.

    For better and worse, globalization has also increased homogenization. Starbucks, Nike,
    and Gap Inc. dominate commercial space in many nations. The sheer size and reach of the
    U.S. have made the cultural exchange among nations largely a one-sided affair.
    Real World Examples of Globalization

    A car manufacturer based in Japan can manufacture auto parts in several developing
    countries, ship the parts to another country for assembly, then sell the finished cars to
    any nation.

    China and India are among the foremost examples of nations that have benefited from
    globalization, but there are many smaller players and newer entrants. Indonesia, Cambodia,
    and Vietnam are among fast-growing global players in Asia.

    Ghana and Ethiopia had the fastest-growing African economies in the world in 2018,
    according to a World Bank report. (For related reading, see "What Is the Role of the Nation-
    State in Globalization?")

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