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    Global Is at Ion

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    Globalization refers to the increasing global connectivity and interdependence across economic, social, cultural, political and environmental spheres. It involves the greater integration of markets, transportation and communications infrastructure, and the flow of capital, goods, services and people across international borders. Some key aspects of globalization include the globalization of production and trade, the rise of multinational corporations, increased cultural exchange through media and travel, as well as growing environmental and social interconnectivity. While globalization offers economic opportunities and cultural exchange, it also presents challenges such as rising inequality, cultural conflicts and threats to local environments.

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    Global Is at Ion

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    115 views29 pages
    Globalization refers to the increasing global connectivity and interdependence across economic, social, cultural, political and environmental spheres. It involves the greater integration of markets, transportation and communications infrastructure, and the flow of capital, goods, services and people across international borders. Some key aspects of globalization include the globalization of production and trade, the rise of multinational corporations, increased cultural exchange through media and travel, as well as growing environmental and social interconnectivity. While globalization offers economic opportunities and cultural exchange, it also presents challenges such as rising inequality, cultural conflicts and threats to local environments.

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    Global is at Ion

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    Globalization refers to the increasing global connectivity and interdependence across economic, social, cultural, political and environmental spheres. It involves the greater integration of markets, transportation and communications infrastructure, and the flow of capital, goods, services and people across international borders. Some key aspects of globalization include the globalization of production and trade, the rise of multinational corporations, increased cultural exchange through media and travel, as well as growing environmental and social interconnectivity. While globalization offers economic opportunities and cultural exchange, it also presents challenges such as rising inequality, cultural conflicts and threats to local environments.

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    115 views29 pages

    Global Is at Ion

    Uploaded by

    api-3715493
    Globalization refers to the increasing global connectivity and interdependence across economic, social, cultural, political and environmental spheres. It involves the greater integration of markets, transportation and communications infrastructure, and the flow of capital, goods, services and people across international borders. Some key aspects of globalization include the globalization of production and trade, the rise of multinational corporations, increased cultural exchange through media and travel, as well as growing environmental and social interconnectivity. While globalization offers economic opportunities and cultural exchange, it also presents challenges such as rising inequality, cultural conflicts and threats to local environments.

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    of 29

    GLOBALISATION

    Tsering Wangyal
    What is Globalisation?

    Is it :-
    – An economic
    phenomenon?
    – A cultural phenomenon?
    – A social phenomenon?
    Definition
    Globalisation refers to the
    increasing global connectivity,
    integration and
    interdependence in the
    economic, social,
    technological, cultural,
    political, and ecological
    spheres which is increasingly
    binding people and the world
    more tightly into one global
    Global Perspective
    Economic Globalisation
    Means the greater global
    connectedness of livelihoods,
    and of the production of
    goods and services.
    Aspects of Economic
    Globalisation
    1. Globalisation of Consumption

    2. Globalisation of Production/Ownership

    3. Globalisation of Capital

    4. Globalisation of Labour

    5. Emergence of MNCs

    6. Emergence of Trading Blocs


    Economic
    Integration/Facilitators
    – Growth of Economic
    Cooperation Infocomm
    Technology
    – – Trading Blocs (EU, NAFTA,
    ASEAN etc.)
    – Collapse of ‘Communism’
    – Movement of Free Trade
    Players in Global Economy

    World Bank WTO IMF

    Lends International Lends money


    money to body dealing to Govt.s to
    Govt.s & with the rules stabilise
    Govt. of trade currencies &
    Agencies for between maintain order
    Developmen nations in
    t Projects international
    financial
    markets
    Economic Globalisation:
    Benefits
    • Increase in Trade & Foreign
    Investments
    • Growth of Free Market
    Capitalism
    • Lower Cost of
    Production/Outsourcing
    • Urbanisation & Improved
    Standard of Life
    • Global Market/Technology/Ideas
    Economic Globalisation:
    Negatives
    • Widening Income Gaps
    • MNC Market Domination
    • Market Volatility & Economic
    Insecurity
    • Mergers & Redundancies
    • Inequality : Richer & Poorer Nations
    • Outsourcing & Challenges
    • Labour Movement/ Skilled Vs
    Unskilled
    • Market Protectionism
    • Effect of Terrorism and Other Events
    Economic Globalisation:
    Negatives
    • Widening Income Gaps
    • MNC Market Domination
    • Market Volatility & Economic
    Insecurity
    • Mergers & Redundancies
    • Inequality : Richer & Poorer Nations
    • Outsourcing & Challenges
    • Labour Movement/ Skilled Vs
    Unskilled
    • Market Protectionism
    • Effect of Terrorism and Other Events
    What is an MNC?
    Multi-National or Trans-
    National Corporation (MNC
    or TNC) is a business with a
    headquarter in one country
    and business operations in
    many other countries.
    Cultural Globalization:
    Definition
    Cultural Globalization is the
    transmission of culture
    globally facilitated by the
    movement of people,
    objects, signs and symbols.
    – Travel
    – Movement of books and
    cultural artifacts
    What is Culture?

    The customary beliefs,


    social forms, and material
    traits of a racial, religious,
    or social group; also : the
    characteristic features of
    everyday existence (as
    diversions or a way of life)
    shared by people in a place
    or time.
    Aspects of Culture

    •Religion
    •Ethnicity
    •Nationalism
    •Language
    •Other forms of Identity
    Aspects of Cultural
    Globalisation
    • Homogenization of World
    under American Popular
    Culture or Western
    Consumerism
    • Intermingling of Cultures and
    Peoples: Hybrids and New
    Forms
    • Spread of World Religions
    • Spread of World Languages
    • Transnational Secular
    Causes of Cultural
    Globalisation
    • Imperialism
    • Capitalism
    • Proselytising
    • Migration
    • Media
    • Tourism
    Cultural Globalisation:
    Positives
    • Exposure to Different Cultures
    • Promotion of Awareness &
    Greater Understanding of
    Cultures
    Cultural Globalisation:
    Negatives
    • McCulture
    • Uni-directional flow of culture:
    Growth of homogenous culture
    • Cultural Imperialism
    • Loss of National Identity
    • Loss of Cultural Identity
    • Erosion of Moral & Cultural
    Values
    • Conflicts between Cultural &
    Moral Values
    Americanisation
    • Great influence of American
    culture on other cultures
    around the globe
    • Many countries adopt American
    practices in terms of lifestyles,
    practices, eating & spending
    habits, etc.
    • Usually negative connotation…
    but DON’T generalize…
    • Globalisation is NOT EQUAL to
    Americanisation in many cases!
    Cultural Globalisation:
    Languages
    Social Globalisation:
    Features
    • National boundaries no longer
    contain cultural flows: Media
    • Rise of Global Civil Society:
    Global Politics
    • Globalisation of Crime
    • Global Education Networks
    • Global Family: Immigration
    • Global Religions
    Social Globalisation
    Effects on Social Stability read
    page 44 notes
    Globalisation: Race &
    Religion
    • Challenges of a Multi-ethnic
    World: Assimilation Vs
    Integration
    • Rise of Xenophobia
    • Challenges of a Multi-Religious
    Society
    • Rise of Religious Intolerance
    • Religious Extremism
    Globalisation: Media
    Rise of Global Media Giants
    – AOL Time Warner, Newscorp,
    Disney, Sony BMG

    Mergers & Acquisitions of Media


    Companies and global news
    interest
    Globalisation: Media
    • Promotes cultural awareness
    • Creates awareness for social issues
    • Perpetrator of cultural dilution
    • Perpetrator of Moral
    dilution/confusion
    • Media & Politics
    • Media & Environment
    • Media & Religion
    • Media & Race/Ethnicity: Promotion
    of Stereotypes
    Globalisation: Environment
    • Global Trade: Effect on
    Environment
    • MNCs: Effect on Environment
    • Travel & Transport: Effect on
    Environment
    • Bio-technology : GM Crops
    • Invasion of Non-native Species:
    Plants/Animals
    Globalisation: Politics
    • Effects on Domestic Policy
    • Effects on Foreign Policy
    • Treaties & MOUs
    • Participation in International
    Organisations
    Globalisation: Technology
    • Effects on Social Relationships
    • Effects on Politics
    • Effects on Economics
    • Effects on Race & Religion
    • Effects on Media
    • IPR Laws: Culture of profit
    • Effects of the Technological
    Divide

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