GLOBALIZATION. By: Josie Beardsley, Larissa Rose & Jacki Feocco. What is Globalization?. A Process of interactions and integration among the people, companies, and governments of different nations. A process driven by international trades and investments, aided by informational technology .
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By: Josie Beardsley, Larissa Rose & Jacki Feocco
A Process of interactions and integration among the people, companies, and governments of different nations. A process driven by international trades and investments, aided by informational technology.
Pros of Globalization in the US
“Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital- the worlds best talents and greatest ideas.”
Cons of Globalization in the US:
-lack of benefits.
The greatest weapon of mass destruction is corporate economic globalization. -- Kenny Ausubel
YES- raises productivity and living standards of people in countries that open themselves to the global market place.
-Greater individual freedom.
-access to foreign capital, global export markets, advance technology while breaking monopoly of inefficient and protected domestic producers.
EXAMPLE: China – continues to grow in importance and the largest contribution of global growth.
Pressure of globalization has led to child trafficking and forced labor. Five years ago, reports emerged about small groups of children being trafficked and forced to pick cacao beans – the main ingredient for chocolate – in West African plantations.
HOW ARE CULTURES AFFECTED?
Growing dominance of US products
May end cultural diversity
ARE CULTURES DISSAPEARING?
-food, language, art,
movies, café, boutiques.
WHY- overwhelming influence of corporate and cultural America.