Download - Globalisation
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GLOBALISATION
Presented by Thang Hoang Tran
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Outline:Globalization.
What drive to globalization?
Effect of globalization on economic growth.
Conclusion.
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Globalization• “Processes by which goods, services, capital, people, information,
and ideas flow across national borders.” (Grewal/Levy)
• “Trend toward greater economic, cultural , political, and technological interdependence among national institutions and economies.” (Wild/Han)
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What drive globalization?1. Improved Communications
2. Improved Transport
3. Free Trade Agreements
4. Global Banking
5. The Growth of MNCs
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Effect of globalization on economic growth.
Advantage• Increased free trade between nations • Global mass media ties the world together• Reduction of cultural barriers increases the global effect• Increases in environmental protection
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Disadvantage• International organization like the World Trade Organization
infringe on national and individual issue• Decreases in environment as polluting corporations take advantage of
weak regulatory rules in developing countries • Increased flow of skilled and non-skilled jobs from developed to
developing nations as corporations seek out the cheapest labor • Increased likelihood of economic disruptions in one nation effecting all
nations • Greater chance of reactions for globalization being violent in an
attempt to preserve cultural heritage • Greater risk of diseases being transported unintentionally between
nations
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Conclusion• Globalization is here to STAY
We need to learn how to reap Globalization benefits, and minimize costs.
• Understand its impacts • Work to remedy the problems • Work to spread the benefits as widely as possible
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THANK YOU