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GLOBALIZATION AND DIVERSITY Handout

The document discusses several topics related to globalization and diversity. It defines globalization as the integration of markets, trade, investments, culture and traditions on a global scale. It led to the formation of international organizations like the UN and IMF to facilitate global economic cooperation. While globalization increased trade, employment and standards of living, it also increased economic inequality and environmental degradation. The document also defines cultural diversity as differences in things like ethnicity, gender, religion and work styles between groups. To reap the benefits of diversity, organizations must respect differences, acknowledge diverse contributions and empower all groups.

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Charles Kendrick Cruzat
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89 views

GLOBALIZATION AND DIVERSITY Handout

The document discusses several topics related to globalization and diversity. It defines globalization as the integration of markets, trade, investments, culture and traditions on a global scale. It led to the formation of international organizations like the UN and IMF to facilitate global economic cooperation. While globalization increased trade, employment and standards of living, it also increased economic inequality and environmental degradation. The document also defines cultural diversity as differences in things like ethnicity, gender, religion and work styles between groups. To reap the benefits of diversity, organizations must respect differences, acknowledge diverse contributions and empower all groups.

Uploaded by

Charles Kendrick Cruzat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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GLOBALIZATION AND DIVERSITY globalizations.

Among the most impactful


globalization is the General Agreement on Tariffs
Reuters is a global information provider and Trade (GATT), from which the World Trade
headquartered in London, England that Organization sprung.
serves professionals in financial, media and
corporate markets. 2. Social

International Monetary Fund oversees the The rapid development made us connect
fixed exchange rate arrangements between with the other side of the world more than we did
countries, thus helping national governments before. The internet provided great opportunities
manage their exchange rates and allowing for citizens of different nations to communicate
these governments to prioritize economic with others except authoritarian regimes of North
growth, and to provide short-term capital to Korea and China. Critics decry the decimation of
aid the balance of payments unique cultural identity and language in the age
of social media.
Paris Agreement on Climate Change is an
agreement within the United Nations 3. Political
Framework Convention on Climate Change, The 20th century saw a great rise in
dealing with greenhouse-gas-emissions
governmental and non-governmental
mitigation, adaptation, and finance, signed in organizations that transcend national political
2016. systems that look inward. These organizations
Oxfam is a major nonprofit group of 20 include the United Nations, the International
independent charitable organizations Monetary Fund, the World Bank, the Asian
focusing on the alleviation of global poverty, Development Bank and the African Union.
founded in 1942 and led by Oxfam Impacts
International in Nairobi, Kenya.
1. Culture loses individuality
Globalization
2. Corporations dominate society
is the process
3. International expansions of markets and trade
in which 4. Emergence of “global village”
people, ideas,
and goods Disadvantages
spread  Environmental
throughout the degradation
world.  High economic
Economically inequality
speaking, it is
 Unfair working
the integration
conditions
of markets,
 Job insecurity
trade and investments as well as culture and
 Fluctuation in prices
traditions. It affects us for better or for worse.
 Extinction of some
There are 3 main Classifications of local and small
Globalization: companies
 Identity theft and
1. Economic
scams
Since the end of World War II, the result
of global economic organizations is seen most Advantages of Globalization
readily in those industries such as the auto line  Increase in employment
and online retailing. Global and regional trade  Education
agreements serve as prime movers for economic  Free trade
 Faster information flow Celebrating rather than just tolerating the
 Increase in quality of goods and services differences in order to bring unity through
 Decrease in price of goods and services diversity.
 Technological improvements
 Alleviation of poverty
 International cooperation

Culture is our “way of being” it shapes our


identity and influences our behavior. Culturally
diverse is often interchangeable with
multiculturalism.

Key areas of Diversity

 Disability
 Educational background
 Ethnicity
 Generation
 Gender
 Personal background
 Spiritual beliefs
 Work styles

These potential issues may hinder


relationships; therefore, if you plan to do
business on a global level, you need to find
solutions to break down any barriers.

Recognition of the abundant diversity within;


Respect for the differences;
Acknowledging the validity of different cultural
expressions and contributions;
Valuing what other cultures offer;
Encouraging the contribution of diverse groups;
Empowering people to strengthen themselves
and others to achieve their maximum potential
by being critical of their own biases; and

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