Winners-Losers of economic globalization Cultural-Digital Globalization

Consumers benefit also. 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.

In this increasingly digital era of globalization, large companies can manage their international
operations in a leaner, more efficient ways. Using digital platforms and tools, they can sell in
fast-growing markets while keeping virtual teams connected in real time.
What does that look like

? In practice, companies with sophisticated digital cultures: Use digital communication tools to
make work faster and easier Build genuine connections between employees working remotely

Dilnaz Dyussebayeva
 Cultural-Digital Globalization

Cultural globalization allows humans living in

one part of the world to learn how other
people experience life. For instance,
American culture has spread to much of the
world, allowing people in China or Japan to
experience the American way of life.
Similarly, the spread of Chinese cuisine or
Latino music to America allows Americans to
experience the way of life of other cultures.