PHENOMENON OF GLOBALIZATION: ITS PROS AND CONSD. Dolzhenkov, IE-09

Structure1. Globalization as a phenomenon, its causes and consequences.2. Advantages and disadvantages of globalization.3. Implications of globalization in Ukraine.

What is Globalization?Globalization is a process of economic, political and cultural integration and unification.

Globalization involves many countries and majority of huge enterprises.

Main Advantages of GlobalizationAdvantagesDeveloping international trade and companiesEnhancing information speedReducing the probability of beginning a war

Main Disadvantages of GlobalizationDisadvantagesUnemploymentGreat dependence of one country on othersExtreme pollution of enviroment

Ukraines Balance of Trade

ConclusionGlobalization needs permanent control from the governments.

Globalization affects all peoples lives.

Globalization has both advantages and serious disadvantages.

Reducing the impact of negative sides of globalization is the main target of modern scientists.

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