Globalization in today's world

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Globalization in today's world

An example of economic growth is the growth of the EV market. Today, the EV market is growing significantly, and many companies are working hard to develop new EVs using their technologies. Companies in various countries, including Tesla, Volkswagen, BYD, and Hyundai, are achieving economic growth by increasing production and export of new technologies and products. Additionally, the growth of electric vehicle production and the battery industry has greatly created jobs for many people.

Electric Vehicle Charging

An example of cultural exchange and diversity is the spread of Korean Wave culture. Especially in East Asia and Southeast Asia, it is spreading globally in various fields such as K-pop, beauty, fashion, food, drama, and TV shows. Thanks to these cultural exchanges, mutual understanding between countries is promoted and good relationships can be maintained for a long time. Additionally, BTS' UN speech delivered an important and good message not only to Kpop fans but also to many people around the world.

BTS' UN Speech

Examples of technological advancements include advancements in AI technologies such as ChatGPT, Deepseek, etc. Currently, artificial intelligence technology and its development are receiving great attention around the world. This AI website is being used for various purposes such as education, ideas, and search engines, and this AI technology industry is gradually developing and spreading.

AI Touching Screen

positive - Olivia

Economic Growth

A significant boost in trade and investment between countries increases economic opportunities and allows more companies to offer and sell their products and services in a wider market. Many countries achieve sustainable growth by practicing interaction, sharing and exchanging their knowledge and skills.

Cultural Exchange and Diversity

People all over the world are interacting with each other's various cultures, getting to know and accepting each other. As music, fashion, food, and trends spread around the world, people are becoming more culturally diverse and broadening their perspectives and worldviews.

Technological Advancement

Technological advancements bridge communication and trade between countries and make technology faster. In automobiles, the Internet, mobile phones, AI, as well as any other aspect that requires technology, companies and countries can expand their markets and increase cross-border trade rates.

Examples & Pictures

A specific example of Environmental degradation is fast fashion. Fast Fashion has become a social norm in today's world where people around the world shop both online and in person from stores that produce clothes at an excessive rate. This causes many clothes and fabrics to be wasted and thrown away into land fields across the world which leads to pollution is many countries.

Fast Fashion Waste

A specific example of exploitations of workers is how the Tech industry in India for big brands like Apple and Microsoft take advantage of India's low labor costs. They make the workers work for 12 hours, with less then $2 per hour, which is way less then the minimum wage in other countries. These workers also face a lot of stress due to job insecurity and limited job benefits like health care.

Apple Factory in India

A specific example of housing problem would be how Canada had a rise in immigration rates and how this has caused massive housing issues for Canadians as houses are becoming less available to the people who were currently living here and also becoming impossible to buy and also leading to the recent immigrants having no houses as well.

Protest about Housing prices

negative (Mahrosh)

Environmental Degradation

Due to globalization, demand in big global companies is even more then ever which causes the need for more materials for the products this companies sell which also leads to environmental pollution, deforestation, etc. This is bad because companies use the resources of other countries for their supply and then treat the area as their own and destroy it.

Exploitations of workers

Many big global companies have factories in different countries, which causes mistreatment of the workers in those factories as the labor rules are different. For example, workers in Bangladesh work in very dangerous and poor work environments and also receive a very low salary compared to other workers in different countries.

Housing Issue

many people do not have access to houses due to intense immigration in Canada which has caused many citizens to be homeless and not able to make money or find a job. This is a direct impact of globalization because globalization allows countries to open immigration and migration.