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Presented by Sec B students:
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GLOBALIZATION
RIZWAN ALI
AQSA ZULFIQUAR
HASSAN JAVED
SAIMA IQBAL
RAJA WALEED RAZA
GROUP MEMBERS
CONTENTS INTRODUCTION TO GLOBALIZATION.
GENERAL EFFECTS OF GLOBALIZATION.
THE BRIGHTER SIDE (POSITIVE EFFECTS)
NEGARIVE EFFETCS OF GLOBALIZATION
A NEUTRAL APPROACH (CONCLUSION)
INTRODUCTION TO GLOBALIZATION
Definition:An economic phenomenon?A social phenomenon?A cultural phenomenon?
The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking of the world in economic terms.
.
EFFECTS
INDUSTRIAL
FINANCIAL
ECONOMIC
JOB MARKET
POLITICAL
HEALTH POLICY
COMPETITION
CULTURAL
INDUSTRIAL EFFECTS Emergence of worldwide
production markets and broader access to a range
of foreign products for consumers and companies
FINANCIAL ASPECTS Emergence of worldwide
financial markets and better access to external financing for borrowers
Economic Effects: Realization of a global
common market. The interconnectedness of these markets, however, meant that an economic collapse in one area could impact other areas.
Job Market: With the advent of the
information age and improvements in communication, this is no longer the case.
HEALTH POLICY
HEALTH POLICIES On the global scale, health becomes a
commodity. In developing nations under the demands of Structural
Adjustment Programs, health systems are fragmented and privatized.
TRADE COMPETITION
TRADE COMPETITION
Due to the market becoming worldwide, companies in various industries have to upgrade their
products and use technology skillfully in order to face increased competition.
POLITICAL ASPECTS
POLITICAL ASPECTS
Politically, the United States has enjoyed a position of power among the
world powers. With the influence of globalization there will be a major
reallocation of power among the world leaders.
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CULTURAL GLOBALIZATION
CULTURAL GLOBALIZATION
The Internet is associated with the process of cultural globalization because it allows interaction and communication between people with very different lifestyles and from very different religious backgrounds.
POSITIVE EFFECTS
FINANCIAL DIVERSIFICATION
Since the mid-1970s, it has been argued that geographic diversification would eventually generate superior risk-adjusted returns ……
COMMUNICATION BOOST
Exchange of information via the internet is playing a major role in the democratization of many countries.
DEVELOPMENT OF THIRD WORLD NATIONS
The development of Third World nations
“Although there are obvious problems with overly-rapid development, globalization is a very positive force that lifts countries out of poverty.”
HASTENING THE END OF EUROPEAN AND USA
ECONOMIC HEGEMONY.
By 2050 the economies of the E7 emerging
economies (the BRIC countries, China, India, Brazil, and Russia, plus
Indonesia and Turkey) will be around 50% larger
than the current G7 (US, Japan, Germany, UK,
France, Italy and Canada).
INCREASED OPPORTUNITIES IN THIRD WORLD COUNTRIES
INCREASED OPPORTUNITIES IN THIRD WORLD COUNTRIES
Production workers in developing countries are not only able to compete,
they have a strong advantage over their counterparts in the industrialized
world. This translates into increased opportunity.
ENVIRONMENTAL
DEGRADATION INCOME
INEQUALTY
ECONOMICLIBERALIZATION
BRAIN DRAIN
LOW WAGES
CULTURENEGATIVE
EFFECTS
ENVIRONMENTAL DEGRADATION
CULTURE, A RISING CONCERN
LOW WAGES
ECONOMIC LIBERALIZATION
BRAIN DRAIN
INCOME IN EQUALITY
GLOBALISATION:A NEUTRAL FRAME
OF APPROACH