GLOBALISATION

Presented by Thang Hoang Tran

Outline:Globalization.

What drive to globalization?

Effect of globalization on economic growth.

Conclusion.

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)

What drive globalization?1. Improved Communications

2. Improved Transport

3. Free Trade Agreements

4. Global Banking

5. The Growth of MNCs

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

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

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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