Globalization Concept Map

Environment

Poverty
Political Law

Capitalism Globalization Communication

Culture Economic
advantage
World Trade

Globalization is the word used to describe the growing interdependence of the world’s
economies, cultures, and populations, brought about by cross-border trade in goods and
services, technology, and flows of investment, people, and information.

Concept Connection on Globalization:

1.Environment: A reflection of the Environment through human production such as greenhouse effect like
factories that releases emission that causes Climate change.
2.Poverty:The More demand in a single product increases its value that can cause inflation . which promote
inequality to poorer.
3.Communication:Business communication is also an important component of globalization because of the
multiple platforms available to convey and receive messages effectively.Written communication allows
international business partners more time to compose thoughts and accurately express intentions or
concerns. Therefore technology is highly important to play it's role that serve as a communication
throughout globalization.
4.Economic advantage:Globalization allows companies to find lower-cost ways to produce their products. It
also increases global competition, which drives prices down and creates a larger variety of choices for
consumers.

5.Political Law:The term 'globalization of law' refers to the degree to which the whole world lives under a
single set of legal rules. Such a single set of rules might be imposed by an international body, adopted by
global consensus, or arrived at by parallel development in all parts of the globe.

6.Economic advantage:The more a single country introduce it product to other countries the more the
consumer it can have therefore Globalization Plays one of the biggest boost in a single economy.

7.World Trade:The World Trade Organization is an intergovernmental organization that regulates and
facilitates international trade between nations. Governments use the organization to establish, revise, and
enforce the rules that govern international trade.

8.Culture:cultural globalization, phenomenon by which the experience of everyday life, as influenced by the
diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world.For
Example The introduction of Chinese new year Culture to Philippine that are now been also practiced by
many Filipino citizen.

The Representation between Countries Product Shares.

Product made abroad

Product Made In Philippine
Mexico (NAFTA member):
Blackberries, avocado, Lee
jeans.
Capiz Items. Guatemala: Bananas.
Caviar Dish. Sri Lanka: Cinnamon.
Custaroons.
Philippine Pearls.
VS. Colombia: Coffee.
Canada (NAFTA member):
Shell-Made Napkin Ring Set. Maple syrup, Carr's
Bamboo Baul. crackers.
Abaca Basket. France: Ciroc vodka, Pinot
Kamagong Salad Server. Noir wine.

Switzerland: Gruyere
cheese, Rado watch.

Fun Fact!

Countries Product share please do note that Globalization comes within each countries
neighbor interaction such as Product exchange through import and export.In general,
globalization decreases the cost of manufacturing. This means that companies can offer
goods at a lower price to consumers. The average cost of goods is a key aspect that
contributes to increases in the standard of living. Consumers also have access to a wider
variety of goods.