- What is the history of globalization?
- What are the stages of globalization?
- What’s bad about globalization?
- How does globalization make the poor poorer?
- How does globalization affect us?
- How does globalization affect me as a student?
- What is globalization mean?
- What are the four phases of globalization?
- How do we benefit from globalization?
- What is the second phase of globalization?
- What are the pros and cons of globalization?
- What is the downside of globalization?
- What are the 3 effects of globalization?
- What are some examples of globalization?
- Can globalization be stopped?
What is the history of globalization?
Globalization is an historical process that began with the first movement of people out of Africa into other parts of the world.
Traveling short or long distances, migrants, merchants and others have delivered their ideas, customs and products to new lands..
What are the stages of globalization?
Transition 1: Modern humans leave Africa; Phase 1 begins: Humans colonise the world. Transition 2: Climate warms and stabilises; Phase 2 begins: Agriculture allows rise of ancient civilisations. Transition 3: Steam Revolution; Phase 3 begins: Trade costs drop, Old Globalisation starts, the Great Divergence appears.
What’s bad about globalization?
The bad side of globalization is all about the new risks and uncertainties brought about by the high degree of integration of domestic and local markets, intensification of competition, high degree of imitation, price and profit swings, and business and product destruction.
How does globalization make the poor poorer?
Economic growth is the main channel through which globalization can affect poverty. What researchers have found is that, in general, when countries open up to trade, they tend to grow faster and living standards tend to increase. The usual argument goes that the benefits of this higher growth trickle down to the poor.
How does globalization affect us?
Also, globalisation has increased international migration which has resulted in multicultural societies. However, globalisation is also affecting us in a negative way. Increased transportation and the global shift of polluting manufacturing industries has resulted in environmental degradation.
How does globalization affect me as a student?
– Globalization enhances the student’s ability to acquire and utilize knowledge. … – Globalization meets the knowledge, education and learning challenges and opportunities of the Information Age. Knowledge based businesses often complain that graduates lack the capacity to learn new skills and assimilate new knowledge.
What is globalization mean?
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.
What are the four phases of globalization?
Four phases of globalisationPhase 1: Humanising the globe (300,000 BCE–10,000 BCE) … Phase 2: Localising the global economy (10,000 BCE–1820 CE) … Phase 3: Globalising local economies (1820–1990) … Phase 4: Globalising factories (1990–present)
How do we benefit from globalization?
What Are the Benefits of Globalization?Access to New Cultures. … The Spread of Technology and Innovation. … Lower Costs for Products. … Higher Standards of Living Across the Globe. … Access to New Markets. … Access to New Talent. … International Recruiting. … Managing Employee Immigration.More items…•
What is the second phase of globalization?
The second phase of globalization covers the period of intensive internationalization of transportation systems, communications, commerce, science, and many other human activities that unfolded between the middle of the 19th century and the collapse of second phase globalization that resulted from the outbreak of war …
What are the pros and cons of globalization?
The Pros and Cons of GlobalizationPro 1: Globalization broadens access to goods and services.Pro 2: Globalization can lift people out of poverty.Pro 3: Globalization increases cultural awareness.Pro 4: Information and technology spread more easily with globalization.More items…•
What is the downside of globalization?
The Cons of Globalization The oppression of weaker and poorer economies by those that are more robust; “the rich get richer, the poor get poorer” The danger of job loss, with certain industries and sectors sending jobs to countries where workers are willing to do the same amount of work or more for smaller wages.
What are the 3 effects of globalization?
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
What are some examples of globalization?
The following are common examples of globalization.Trade. The exchange of goods and services between nations. … Immigration. The ability to live, work or go to school in a place other than the place where you happened to be born. … Travel. … Communication. … Transportation. … Knowledge. … Media & Entertainment. … Culture.More items…•
Can globalization be stopped?
“Globalization’s future is no longer about physical trade. … It is about knowledge, information and technology. Digital trade already accounts for 12% of international trade, and data flows are predicted to increase another fivefold by 2022.