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    Globalization 101

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    Princess Anne Mendoza
    Globalization refers to the growing interdependence of economies, cultures, and populations across borders through trade, technology, investment, and information flows. It changes how nations and businesses operate by expanding trade and supply chains and providing access to resources and labor markets globally. The main concepts of globalization are economic, political, and cultural globalization, which respectively involve the spread of economic activities, growth of political systems, and transmission of ideas and values worldwide. Globalization promotes economic growth, job creation, and lower prices through reduced trade barriers while also increasing cultural understanding.

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    Globalization 101

    Uploaded by

    Princess Anne Mendoza
    15 views10 pages
    Globalization refers to the growing interdependence of economies, cultures, and populations across borders through trade, technology, investment, and information flows. It changes how nations and businesses operate by expanding trade and supply chains and providing access to resources and labor markets globally. The main concepts of globalization are economic, political, and cultural globalization, which respectively involve the spread of economic activities, growth of political systems, and transmission of ideas and values worldwide. Globalization promotes economic growth, job creation, and lower prices through reduced trade barriers while also increasing cultural understanding.

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    Globalization refers to the growing interdependence of economies, cultures, and populations across borders through trade, technology, investment, and information flows. It changes how nations and businesses operate by expanding trade and supply chains and providing access to resources and labor markets globally. The main concepts of globalization are economic, political, and cultural globalization, which respectively involve the spread of economic activities, growth of political systems, and transmission of ideas and values worldwide. Globalization promotes economic growth, job creation, and lower prices through reduced trade barriers while also increasing cultural understanding.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    15 views10 pages

    Globalization 101

    Uploaded by

    Princess Anne Mendoza
    Globalization refers to the growing interdependence of economies, cultures, and populations across borders through trade, technology, investment, and information flows. It changes how nations and businesses operate by expanding trade and supply chains and providing access to resources and labor markets globally. The main concepts of globalization are economic, political, and cultural globalization, which respectively involve the spread of economic activities, growth of political systems, and transmission of ideas and values worldwide. Globalization promotes economic growth, job creation, and lower prices through reduced trade barriers while also increasing cultural understanding.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    GLOBALIZATION 101

    GLOBALIZATION

    • Globalization is the word used to describe the growing interdependence of the world's
    economies, cultures, and populations, brought about by cross-border trade in goods and
    services, technology, and flows of investment, people, and information.
    Cross-border trade
    buyers who want deals and offers that are available across the border. For example, buy
    products from sellers of that country, and this is cross-border trade.
    IMPORTANCE OF GLOBALIZATION

    Globalization changes the way nations, businesses, and people interact. Specifically, it
    changes the nature of economic activity among nations, expanding trade, opening global
    supply chains, and providing access to natural resources and labor markets.
    3 MAIN CONCEPTS OF GLOBALIZATION

    • Economic Globalization
    • Political Globalization
    • Cultural Globalization
    ECONOMIC GLOBALIZATION

    • Economic globalization involves a wide variety of processes, opportunities, and


    problems related to the spread of economic activities among countries around the world.
    POLITICAL GLOBALIZATION

    • Political globalization refers to the growth of the worldwide political system, both in size
    and complexity.
    IMPORTANCE OF GLOBALIZATION IN WORLD
    POLITICS
    Globalization puts pressure on nations to reduce tariffs, subsidies, and other barriers to free
    trade. This consequently promotes economic growth, creates jobs, makes companies more
    competitive and lowers prices for consumers.
    CULTURAL GLOBALIZATION

    • refers to the transmission of ideas, meanings, and values around the world in such a way
    as to extend and intensify social relations.
    • Good examples of cultural globalization are, for instance, the trading of commodities
    such as coffee or avocados. Coffee is said to be originally from Ethiopia and consumed in
    the Arabid region. Nonetheless, due to commercial trades after the 11th century, it is
    nowadays known as a globally consumed commodity.
    IMPORTANCE OF GLOBALIZATION IN CULTURE

    Because of globalization, you can purchase cheaper goods, communicate with individuals
    from all over the world, and work in just about any country. Importantly, globalization has
    also opened our eyes to various cultures, which has increased people's understanding of one
    another.

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