Globalization – a definition The trend toward greater

interconnectedness of the world’s economic, technological, political, cultural and environmental systems.

Intro to GlobalizationPPT ADAPTED FROM VIDEO MADE BY WISSENSWERTE.E-POLITIK.DE

All linked together

Economy

Ecology

Society

Politics

Regional Organizations have more influence

Communications

Radio, TV, Phones, Internet

Information is transferred worldwide, realtime, cheaply

TV delivers opinions clobally, even to remote areas. Eg. Everyone knows Justin Bieber, Gangnam Style

Transportation

Container Shipping

Air Freight

Prices Down

Trade

Open Markets

Reduced import tariffs, quotas and bans.

Paving the way for big business

Put logo of coporation here

New Technology

Decreasing Transportation Costs

Liberalization of international trade

Three main areas of Globalization

Economic Sphere

Economic Sphere

Economic Sphere

MNC’s – Multi-Natinoal Coporations

Looking for:

Markets

Chap production

Political Sphere

Important Policy Issues go beyond borders.

Seeking solutions from groups and organizations

Political Sphere

NGO’s – Non Government Organizations can exert influence on politics

Greenpeace

Anesty International

Not democratic

Political Sphere

Emergence of Global Political Forum

- Small states become less influential

- Have you heard of Liberia, Togo, Mauritius?

Cultural Sphere

“McWorld” – dominance of western culture.

Music

News

Product

English Language

Who wins with Globalization

Newly industrialized economies

Emerging economies in Brazil, Russia and China

Who wins with Globalization?

China – 500 million have left extreme poverty

Coutries that are not benefiting

Many Sub-Saharan countries are not ready, and have difficulty catching up

- Cheap products flood local markets, which can’t compete

- Little direct investment because of lack of infrastructure

eg. Transportation

Industrialized Countries

New Markets but Increased Competition

Globalization

New challenges and opportunities