GLOBALIZATION

RIZWAN ALI

AQSA ZULFIQUAR

HASSAN JAVED

SAIMA IQBAL

RAJA WALEED RAZA

GROUP MEMBERS

CONTENTS INTRODUCTION TO GLOBALIZATION.

GENERAL EFFECTS OF GLOBALIZATION.

THE BRIGHTER SIDE (POSITIVE EFFECTS)

NEGARIVE EFFETCS OF GLOBALIZATION

A NEUTRAL APPROACH (CONCLUSION)

INTRODUCTION TO GLOBALIZATION

Definition:An economic phenomenon?A social phenomenon?A cultural phenomenon?

The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking of the world in economic terms.

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EFFECTS

INDUSTRIAL

FINANCIAL

ECONOMIC

JOB MARKET

POLITICAL

HEALTH POLICY

COMPETITION

CULTURAL

INDUSTRIAL EFFECTS Emergence of worldwide

production markets and broader access to a range

of foreign products for consumers and companies

FINANCIAL ASPECTS Emergence of worldwide

financial markets and better access to external financing for borrowers

Economic Effects: Realization of a global

common market. The interconnectedness of these markets, however, meant that an economic collapse in one area could impact other areas.

Job Market: With the advent of the

information age and improvements in communication, this is no longer the case.

HEALTH POLICY

HEALTH POLICIES On the global scale, health becomes a

commodity. In developing nations under the demands of Structural

Adjustment Programs, health systems are fragmented and privatized.

TRADE COMPETITION

TRADE COMPETITION

Due to the market becoming worldwide, companies in various industries have to upgrade their

products and use technology skillfully in order to face increased competition.

POLITICAL ASPECTS

POLITICAL ASPECTS

Politically, the United States has enjoyed a position of power among the

world powers. With the influence of globalization there will be a major

reallocation of power among the world leaders.

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CULTURAL GLOBALIZATION

CULTURAL GLOBALIZATION

The Internet is associated with the process of cultural globalization because it allows interaction and communication between people with very different lifestyles and from very different religious backgrounds.

POSITIVE EFFECTS

FINANCIAL DIVERSIFICATION

Since the mid-1970s, it has been argued that geographic diversification would eventually generate superior risk-adjusted returns ……

COMMUNICATION BOOST

Exchange of information via the internet is playing a major role in the democratization of many countries.

DEVELOPMENT OF THIRD WORLD NATIONS

The development of Third World nations

“Although there are obvious problems with overly-rapid development, globalization is a very positive force that lifts countries out of poverty.”

HASTENING THE END OF EUROPEAN AND USA

ECONOMIC HEGEMONY.

By 2050 the economies of the E7 emerging

economies (the BRIC countries, China, India, Brazil, and Russia, plus

Indonesia and Turkey) will be around 50% larger

than the current G7 (US, Japan, Germany, UK,

France, Italy and Canada).

INCREASED OPPORTUNITIES IN THIRD WORLD COUNTRIES

INCREASED OPPORTUNITIES IN THIRD WORLD COUNTRIES

Production workers in developing countries are not only able to compete,

they have a strong advantage over their counterparts in the industrialized

world. This translates into increased opportunity.

ENVIRONMENTAL

DEGRADATION INCOME

INEQUALTY

ECONOMICLIBERALIZATION

BRAIN DRAIN

LOW WAGES

CULTURENEGATIVE

EFFECTS

ENVIRONMENTAL DEGRADATION

CULTURE, A RISING CONCERN

LOW WAGES

ECONOMIC LIBERALIZATION

BRAIN DRAIN

INCOME IN EQUALITY

GLOBALISATION:A NEUTRAL FRAME

OF APPROACH