UNDERSTANDING GLOBALISATION

UNDERSTANDING GLOBALISATION

Open Ended

What does globalization mean?

What is Globalization?

• Globalization is a process of making the world more connected, with goods and services being traded globally and people moving around freely

Globalization relates to things like:-

• Opening up of world trading markets, through improvements in transport, communication and the removal of barriers to trade.

• commercial activities (many businesses have branches in different countries and/or trade products all over the world

• social interactions in person or through social media (Instagram, facebook, twitter etc.

Globalization relates to things like:-

• climate change and pollution (global problems)

• communicable diseases can affect communities all over the world and the whole world is responsible for trying to control them.

Globalization: the good!

• A greater range and quality of goods and services

• Chances to export to new and bigger markets

• More exports may lead to an increase in employment

Globalization: the good!

• More exports resulting in increased business investment

• Standards of living may increase, as can wages

Globalization: the bad!

• Cheaper, imported goods can be bought by the population at the expense of locally produced goods.

• This may result in some companies going out of business.

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Open Ended

Technology is an integral part of globalization. What would happen if you were no longer able to use technology?

Technology

• Technology consists of devices and systems which have been created for practical purposes.

• The technology that allows us to communicate with people all over the world is vast and complex.

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Technology

• It would include satellites, smartphones, computers, the internet etc.

• Technology is extremely important to businesses and individuals.