globalization

GLOBALIZATION

Objective: To be able to give a short definition of Globalization, orally, and using vocabulary and information given in the class.

VOCABULARY

• GOODS

• BORDERS

• MARKET/ TRADE

• INVESTMENT

• INTERCONNECTEDNESS

• INTERDEPENDENCE

• PEOPLES

WHAT IS GLOBALIZATION?

​It’s hard to define the term ‘globalization’ briefly. It can be said that, globalization is a process by which people, companies and governments all over the world can integrate and interact.

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​In simple words, it is the process by which people and goods move easily across borders. Principally, it's an economic concept, the integration of markets, trades and investments with few barriers.

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​It is easier to do business because of better transport, the Internet and more trading between countries. It is also easier to work in another country.

Disadvantages of Globalization

Open Ended

What do you see as some potential disadvantages of globalization?

Open Ended

Before we discuss the disadvantages, can you remember any of the advantages of globalization we learned before?

Some Disadvantages of Globalization

• Destroys the environment

• Fuels inequality

• Makes the rich richer and the poor poorer

• Results greater increase in imports than increase in exports leading to growing trade deficit

• removes the emphasis of local cultures

• Encourages spread of disease

• Exploitation of Workers

Poll

One Disadvantage of Globalization is said to be Loss of Cultural Identity.

Do you think countries are losing their culture as they are starting to wear clothes and products from America and other countries? (As Globalization makes foreign brands and goods more available and popular)

• I have seen this happening

• I think cultural identities are as strong as ever

• I think Cultural Identity is even stronger now

• I am not sure

• westernization is a free lifestyle as in Western countries, preferring imported products from Western countries over local products, imitating Western clothing style, a

• A hedonistic lifestyle that includes overeating, drinking alcohol, and spending time in unhealthy activities can reduce the quality of life and negatively affect health

Think back to the beginning of Covid-19

What prompted the major outbreaks in China, Italy and other nations?

How do you think the Covid-19 situation would be today if there was no globalization?

Poll

Do you think Globalization is overall good for the world, countries, economies and spread of knowledge?

• Yes

• No

• Undecided

• Hard to say

We have now looked at both benefits and drawbacks of globalization. Now you must decide for yourself. Does the good outweigh the bad?

TROUBLESHOOTING: MODERNIZATION

Part 3 of the Troubleshooting series will be focused on Modernization, what it is, how to identify and ways to increase knowledge when speaking to a customer about this impacting change in their local area.​