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Globalization

Globalization is the process of international integration arising from the interchange of ideas, products, and culture globally. Advances in transportation and telecommunications like trains, ships, the Internet, and phones have driven globalization by increasing interdependence between economic and cultural activities worldwide. The IMF defines four aspects of globalization as international trade, capital and investment movements, migration, and dissemination of knowledge.

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Thapelo Siyabonga Khanyile
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18 views1 page

Globalization

Globalization is the process of international integration arising from the interchange of ideas, products, and culture globally. Advances in transportation and telecommunications like trains, ships, the Internet, and phones have driven globalization by increasing interdependence between economic and cultural activities worldwide. The IMF defines four aspects of globalization as international trade, capital and investment movements, migration, and dissemination of knowledge.

Uploaded by

Thapelo Siyabonga Khanyile
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Globalization

Description
Globalization or globalisation is the process of international integration arising
from the interchange of world views, products, ideas, and other aspects of culture.
Advances in transportation (such as the steam locomotive, steamship, jet engine,
and container ships) and in telecommunications infrastructure (including the rise of
the telegraph and its modern offspring, the Internet and mobile phones) have been
major factors in globalization, generating further interdependence of economic and
cultural activities.

The term globalization is recent, only establishing its current meaning in the 1970s.
In 2000, the International Monetary Fund (IMF) identified four basic aspects of
globalization: trade and transactions, capital and investment movements, migration
and movement of people, and the dissemination of knowledge.

Definitions
Globalization or globalisation (see spelling differences) is the process of
international integration arising from the interchange of world views, products, ideas,
and other aspects of culture.

The term globalization is derived from the word globalize, which refers to the
emergence of an international network of economic systems

Effects of globalization
Positive
Movement of people
Movement of information
Movement of goods and services
Cultural share
Political share splits

Negative
Uneven distribution of goods
Some countries suffer due to resources
Quickens environmental problems
Rich economies continue to prosper whilst those that arent continue to
fail

Advocates of globalization

Critics of globalization
Anti-globalizing movements

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