GLOBALIZATIONPrepared by: Patrice Jorgia G. Jalandoni

BSA2-1

WHAT IS GLOBALIZATION?

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.

Even as early as the Prehistoric period, the roots of modern globalization could be found. Territorial expansion by our ancestors to all five continents was a critical component in establishing globalization. The development of agriculture furthered globalization by converting the vast majority of the world's population into a settled lifestyle. However, globalization failed to accelerate due to lack of long distance interaction and technology. The contemporary process of globalization likely occurred around the middle of the 19th century as increased capital and labor mobility coupled with decreased transport costs led to a smaller world.

Stages of Globalization

1. domestic marketing2. export marketing3. Global marketing4. International and multinational marketing

IMPORTANCE OF

GLOBALIZATION

Globalization allows countries to benefit from economic synergy and collaboration in handling political, social and economic challenges.

Advantages and Disadvantages of

Globalization

Advantages• Advancement of technology • Globalization increases monopoly by countries equiped with

know-how and power.• It promotes understanding and goodwill among different

countries. • Businesses and investors get much wider opportunities for

investment.• Helpful in employment generation and income generation• Globalization is good for certain countries more, such as those

in the First World or Global North.

Disadvantages

• Globalization can ruin the environment• Globalization can lead to hyper-specialization• It can increase spread of communicable

diseases.• Companies face much greater competition• Globalisation increases monopoly by countries

equiped with know-how and power.

Positive and Negative Impacts of

Globalization

Positive Impacts

• A better economy• Introducing new technologies• Globalization introduces better trade

Negative Impacts

• Globalization brings fear of too much flow of capital amongst countries

• Fear of loosing national integrity• Mental pressure on companies that causes

many people to loose their jobs

Globalization in the Philippines

• The country is taking part in the process of globalization ever since the country signed agreements with WTO (World Trade Organization) in 1995. Since then, the nation had hope for WTO to bring developments within the nation’s poor economy and also to have a role within the global economy and trade.

KOF INDEX OF GLOBALIZATION