2. Globalization is the free
movement of goods, services
and people across the world in a
seamless and integrated manner.
o The result of the
opening up of the
global economy
and the
concomitant
increase in trade
between nations.
o It means that
countries liberalize
their import
protocols and
welcome foreign
investment into
sectors that are the
mainstays of its
economy.
3. Globalization also means that
countries liberalize their visa rules
and procedures so as to permit
the free flow of people from
country to country.
In other words, when countries
that were hitherto closed to trade
and foreign investment open up
their economies and go
global, the result is an increasing
interconnectedness and
integration of the economies of
the world
4. Globalization is grounded in the theory of
comparative advantage which states that
countries that are good at producing a
particular good are better off exporting it to
countries that are less efficient at producing
that good.
The latter country can
then export the goods
that it produces in an
efficient manner to the
former country which
might be deficient in the
same.
The underlying
assumption here is that
not all countries are
good at producing all
sorts of goods and
hence they benefit by
trading with each other.
5. Globalization
towards nations
EqualityCountries of the
world subscribe to
the rules and
procedures of the
WTO or the World
Trade Organization
that oversees the
terms and
conditions of trade
between countries.
6. Globalization
Towards Gender
Equality AND NON-
DISCRIMINATION
The massive entry of women
into the workforce around the
world coincides with the political
mobilization of women and the
expansion of women’s
organizations of all types.
7. Globalization is shifting gender roles and
norms:
Increased access to information, primarily
through television and the Internet, allows
countries to learn about social mores in
other places, which can change
perceptions and promote the adoption of
more egalitarian attitudes.
• Economic empowerment for women
reinforces this process by promoting
changes in gender roles and allowing
women to influence time allocation, shift
relative power within the household and
exercise agency more broadly.
8. • Globalization can also alleviate
discrimination because non-
discriminating employers can drive
discriminating employers out of the
market because discrimination is
costly: employers who discriminate
against women sacrifice profits in
order to indulge their taste for
discrimination.