Categorie: Tutti - environment - globalization - economy - technology

da Aubrey Oliva mancano 4 anni

126

What is Globalization?

Globalization is a multifaceted process involving the interaction and integration of people, companies, governments, and nations. It has far-reaching impacts, both positive and negative, on the global economy.

What is Globalization?

What is Globalization?

Globalization

a process of interaction and intergration among...
People

Companies

Government

Nation

Subtopic

This process has positive and negative effects on the...

Environment

Forest have been cleared to pave way for construction of firms and industries

Industrialization chemical and waste causes death of underwater organisms.

Plastics used for preserving and packaging a part of environmental toxic pollutant.

Aircraft transportation emit gases that causes depletion of protective ozone layer (Greenhouse effect-Climate change)

Fuels used in transportation of goods increases the level of pollution.

Culture

Increasing hegemonic control in the name of free trade and freedom of communication, at all levels.

Propel loss of individualism and group identity.

Brings changes in language and customs.

Transmogrification of traditional religions and belief system

Allows people to learn about other cultures and develop a wider cultural understanding

Technology

Information technology has led to the emergence of the global village.

Buyers and sellers can now make transactions at any time and any part of the globe.

The world wide web has reduced the barriers of time and place in business dealings.

Advancement in medicine

Cost of communication have reduced drastically leading to enhanced communication.

Development of Internet and email unable people to have access and distribute fast the mounts of information.

Economy

Growing gaps between the rich and poor

Unemployment on industrialized countries because companies move to places where they can get cheaper workers.

Increase child labor and slavery

More job oppportunities on global scale

International Trade has given countries access to goods and services they are unable to produce themselves or can obtain more cheaply from other places