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  • Globalization: Objectives: Definition of Globalization

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    The document defines globalization as the growing interdependence of economies, cultures and populations through cross-border trade, technology, investment, and the flow of people and information. It notes both positive effects such as access to larger markets, cheaper goods, and economic growth, and negative effects like environmental damage, price fluctuations, and job insecurity. The document concludes by suggesting methods to control the negative effects, including education, apprenticeships, career training, and investing in technology.

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    The document defines globalization as the growing interdependence of economies, cultures and populations through cross-border trade, technology, investment, and the flow of people and information. It notes both positive effects such as access to larger markets, cheaper goods, and economic growth, and negative effects like environmental damage, price fluctuations, and job insecurity. The document concludes by suggesting methods to control the negative effects, including education, apprenticeships, career training, and investing in technology.

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    12 views6 pages

    Globalization: Objectives: Definition of Globalization

    Uploaded by

    Vov
    The document defines globalization as the growing interdependence of economies, cultures and populations through cross-border trade, technology, investment, and the flow of people and information. It notes both positive effects such as access to larger markets, cheaper goods, and economic growth, and negative effects like environmental damage, price fluctuations, and job insecurity. The document concludes by suggesting methods to control the negative effects, including education, apprenticeships, career training, and investing in technology.

    Copyright:

    © All Rights Reserved
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    of 6

    Globalization

    Objectives:
    Definition of globalization
    Negative effects of
    globalization
    Positive effects of globalization
    Methods of controlling the negative effects of
    globalization

    prepared by:Noel Godson Sumary,F-6 PCB


    Definition:
    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.

    prepared by:Noel Godson Sumary,F-6 PCB


    prepared by:Noel Godson Sumary,F-6 PCB
    Positive effects of globalization
    Gives access to a larger market.

     Globalisation increases awareness of


    events in faraway parts of the world.
     gives access to a larger market.
     Provides Cheaper Goods for Consumers.

     Leads to Better Economies. 

     Promotes World Peace and Unity.

     Innovation. 

     Better quality and variety. 

    prepared by:Noel Godson Sumary,F-6 PCB


    Negative effects of globalization

    Causes Environmental Damage.


    Causes Fluctuation of Prices.


    Job Insecurity.


    Currency Fluctuation.


    Terrorism.

    prepared by:Noel Godson Sumary,F-6 PCB


    Methods of limiting the negative effects

     microeconomic policies.

    providing better education.

    Apprenticeships.

    career training.

    less rigid labour markets.

     investment in technology.

    prepared by:Noel Godson Sumary,F-6 PCB

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