Measuring Measuring GlobalizationGlobalization

ByBy

Abdulwahab HarunaAbdulwahab Haruna

At the end of this presentation, participants At the end of this presentation, participants are expected to achieve the following:are expected to achieve the following:

Define globalizationDefine globalization

List three importance of globalizationList three importance of globalization

Identify Identify criteria for measuring globalization

OBJECTIVESOBJECTIVES

“ “The world is being flattened. I didn’t The world is being flattened. I didn’t start it and you can’t stop it, except start it and you can’t stop it, except at great cost to human development at great cost to human development and your own future.  But we can and your own future.  But we can manage it, for better or worse”manage it, for better or worse”

…………………… …………………… Thomas L. FriedmanThomas L. Friedman

Globalization, a highly complex and Globalization, a highly complex and controversial concept, is not a new controversial concept, is not a new phenomenon but a continuation of phenomenon but a continuation of developments that have been going on for developments that have been going on for some considerable time. The movement of some considerable time. The movement of goods, services, ideas, capital and goods, services, ideas, capital and technology across national borders is not a technology across national borders is not a new phenomenon; its process in the past new phenomenon; its process in the past decade marks a qualitative break with the decade marks a qualitative break with the past past

IntroductionIntroduction

What is GlobalizationWhat is Globalization Process by which the people Process by which the people

of the world are unified into of the world are unified into a single societya single society

Integration of national Integration of national economies into the economies into the international economy international economy through trade, foreign direct through trade, foreign direct investment, capital flows, investment, capital flows, migration, and spread of migration, and spread of technologytechnology

Globalisation could involve all these things!

Growing number of trans-national direct Growing number of trans-national direct investments in new businessesinvestments in new businesses

Financial transactions, nowadays amount larger Financial transactions, nowadays amount larger than exchange of goods than exchange of goods 

Large diffusion of new technologies on world-wide Large diffusion of new technologies on world-wide marketsmarkets

Highly accelerated flows of goods and ServicesHighly accelerated flows of goods and Services

Strong impact of information technologiesStrong impact of information technologies

Expanding of “immaterial” goods and marketsExpanding of “immaterial” goods and marketsGlobalization indicates the health of a country

Importance of GlobalizationImportance of Globalization

Criteria For Measuring GlobalizationCriteria For Measuring Globalization

Political EngagementPolitical EngagementForeign aid,Foreign aid, treaties, treaties, organizations and peacekeepingorganizations and peacekeeping

Personal ContactPersonal Contact telephone calls telephone calls traveltravel

Criteria For Measuring Globalization Cont.Criteria For Measuring Globalization Cont.

Technological ConnectivityTechnological Connectivity Internet users, Internet users, hosts and hosts and secure serverssecure servers

Economic IntegrationEconomic Integration International trade andInternational trade and foreign direct investmentforeign direct investment

Never before has information been so important, to governments and businesses alike. And please don't imagine that some of you gathered here today may be less concerned than others. Globalization means that the "butterfly effect" is everywhere at work. The mistakes of a stockbroker in Singapore or the collapse of the Baht in Bangkok, the decisions of a Finnish industrial concern, or what the Governor of Minas Gerais in Brazil decides to do about his State's debt, have had consequences for the world as a whole. More than raw information, what I expect from you is shrewd judgement and foresight. I also expect you to have the courage to commit yourself by proposing new initiatives.

….………..Jacques Chirac

CONCLUSIONCONCLUSION

THANK YOUTHANK YOU