Globalization

Author:Felix SpindlerDate: 30.11.2009

TI-09 / Leipzig

INDEX

• Definition & explanation of Globalization

• Different aspects• Advantages + disadvantages of

globalization

Globalization, what is it ?

-people-goods-capital-ideas...

Movement of:

Living in a borderless world

Globalization, what is it ?refers to:

Increasing

Integration

Interdependence

Different aspects of globalization

• economic• social• technological• cultural• political• ecological

different spheres:

Explanation

• Industrial – emergence of production markets to range goods for consumer + companies

• Financial – emergence of financial markets worldwide• Political – creating of a world government• Cultural – apply different technologies which are

embodied in foreign products• Social – connect people of all nations• Technical – global telecommunications infrastructure

Advantages of Globalization

• Growth of companies

• Improve living standards

• Reduce poverty

• Improved wealth = increased life expectancy

• Modern communications enforce growth of liberal democracies around the world

Disadvantages of Globalization

• Costs for reforms and restructuring • Increased interdependence of countries

• Dangers of spread diseases like HIV/AIDS, SARS, bird/pig flu