How Globalization Affects Developed Countries

More like this

WSP HSE Strategy

by Richard Grinham

My Canada Mind Map

by Cody Dinis

Flipped Classroom

by Erika Mishel

6 Thinking Hats

by Mindomo Team

The Economic Impact on Developed Nations

Components of Globalization

Human Development Index

industrialization

GDP

Beneficial Effects

risk diversification

reduce macroeconomic volatility

increase in trade

capital flow

the economic growth

impact

How Globalization Affects Developed Countries

Globalization is defined as a process that, based on international strategies, aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments.

The goal of globalization is to provide organizations a superior competitive position with lower operating costs, to gain greater numbers of products, services and consumers.

Harmful Effects

resource abuse

bankruptcy risk

costs exceed benefits