Introduction: Meaning and definition
Aspects of Globalization
Characteristics of Globalization
Advantages and Disadvantages
Effects in 21st century
Technology to promote globalization
Impacts of Globalization in Nepal
4. Introduction : Meaning and Definition
Increase in global links, the organization of social life on a
global scale, and the growth of a global world hence linking
Globalization is recognized as making of social structure
and transferring the people's life all around the universe. It
includes the interrelation between people of society,
economies, cultures as a whole.
Sociologists usually understand the term globalization as an
ongoing process which mainly involves the integrated shifts
in social, economic, cultural, and the political spheres of the
society. It involves the ever-increasing integration of the
following aspects in between the communities, nations,
regions, and also the isolated places.
5. Aspects of Globalization:
These aspects are interconnected !
6. Economic Globalization :
Economic globalization is the increasing economic interdependence of
national economies across the world through a rapid increase in cross-
border movement of goods, services, technology, and capital.
Economic globalization comprises: Globalization of production; which refers
to the objection of goods and services from a particular source from different
locations around the globe to benefit from difference in cost and quality.
it also comprises globalization of markets; which is defined as the union of
different and separate markets into a massive global marketplace.
Economic globalization also includes competition, technology, and
corporations and industries.
7. Cultural Globalization :
Cultural globalization refers to the transmission of ideas, meanings, and
values around the world in such a way as to extend and intensify social
Cultural globalization involves the formation of shared norms and knowledge
with which people associate their individual and collective cultural identities.
Globalization has expanded recreational opportunities by spreading pop
culture, particularly via the Internet and satellite television.
8. Political Globalization:
Political globalization ”refers to an increasing trend toward multilateralism
(in which the United Nations plays a key role), toward an emerging
‘transnational state apparatus,’ and toward the emergence of national and
international nongovernmental organizations that act as watchdogs over
governments and have increased their activities and influence”
Political globalization can refer to the increasing, shared, conviction that all
people should be governed by their own consent and a rule of law.
It may also refer to the increasing number of inter-governmental
organizations (IGO’s) with global scope and the increasing numbers of
countries that participate in those IGO’s.
For example, the North Korean government makes it very difficult for
foreigners to enter the country and strictly monitors their activities when
they do. Aid workers are subject to considerable scrutiny and excluded from
places and regions the government does not wish them to enter. Citizens
cannot freely leave the country.
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Industrial Globalization: Rise and expansion of multinational enterprises.
Financial Globalization: Emergence of worldwide financial markets and better
access to external financing for corporate, national and sub-national
Political Globalization: Spread of political sphere of interests to the regions
and countries outside the neighborhood of political (state and non-state)
Informational Globalization: Increase in information flows between
geographically remote locations.
Globalization is an Opportunity:
It is often feared that the implementation of Globalization will open up our domestic
economy for foreign competition, thereby endangering economic progress & survival
of local firms. While it does open our markets for entry of multinationals, it also
opens all other markets in the whole world for our products & services too. Why can’t
it be seen as an opportunity to scale up our operations globally?
Globalization means “Interdependence”:
We have all grown reading history wherein either a country is independent or a slave
of another country. With the advent of Globalization, it has been understood that no
country can be said to be totally independent, not needing anything from any other
country. Hence, a culture of interdependence has been established between nations.
Globalization means “Caring & Sharing”:
The world today is more united and concerned about common problems being faced
by the people- be it global warming, terrorism, or malnutrition etc. natural disasters
faced or atrocities encountered at any part of the world attract immediate attention
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Globalization puts Technology in Service of Mankind:
The world would not have shrunk into a small global village without the support of
technological innovations like Computers, Internet, Telecommunication, E-Commerce etc.
Thus, technology has proved to be the major source of the concept of Globalization, and
for bringing people nearer.
Globalization has Linked Politics with Economics:
Earlier, political ideologies and relations between nations have determined the fate of
people over centuries; with economics being subservient to politics. However, in the new
era, it is the economics, employment generation and public welfare that determine the
need & strength of relations between nations.
Globalization means Raised Standards of Living:
With consumers having more choice to pick quality items at right price, and with no
boundary restrictions on flow of goods & services, the markets have turned from ‘Sellers
Market’ to ‘Buyers Market’. This has helped in raising the standard of living for vast
populations across the world. It has also raised aspirations among billions of people to
upgrade their lifestyles.
Globalization Demands and Respects Excellence:
With global level opportunities available to all the countries, the field is wide open for the
excellent companies, products and people from any remote part of the world to showcase
their excellence and win over markets and contracts. There is pressure on everyone to
continuously improve to meet the raised bar of expectations.
12. Advantages :
With better exchanges of goods and services, each and everything is now
available everywhere in the world.
Better relations between various nations who provide a jig-saw fit for each
other. For example. India provides a bulk of resources, both natural and
human but it lacks the required technology for a particular task which is
possessed by Japan.
Cultural exchange is the best way to establish strong people-to-people links.
This is facilitated by globalization.
Joint efforts on common problems like climate change, terrorism, trade etc.
Flow of information and ideas from those who have it to those who don’t. For
example from the U.S to South Africa. Internet, in general and Social Media in
particular has played a huge role here.
Economic exchange in the form of trade and investment, which is a major
component of this process, is a good method of calming down the tensions
between any two countries.
This process is leading to an era of Neo-colonialism, as the developed nations
are trying to assert their dominance in the name of globalization.
Particularly, in value-rich countries like India, where family life used to be its
forte, globalization has caused devastation. Now, the process of
Nuclearisation is soaring with families getting divided. This is also leading to
a scenario where the old age dependents are pushed into pitiable conditions
by their children.
It leads to increasing urbanization, a phenomenon where migration from
rural to urban areas increases. This is due to the perception of increased
opportunities in urban areas due to globalization. Urbanization has a grave
impact on standard of living, ecology, human indicators among others.
Terrorism has soared in the globalized world.
With dependence of technology for day-to-day things, health problems are
14. Effects of Globalization in 21st century :
Globalization – the integration of world markets and mass sharing of information –has
left virtually no part of life in the 21st century unaffected. Rapid advances in
communication technology have multiplied human connections and knowledge at
lightning speed, shifted values, eroded cultures and revolutionized the job market – to
name just a few consequences. In contemporary life, globalization's innumerable
effects, not all of which are positive, can be seen on every television, smartphone,
tablet and computer screen.
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Technology To Promote Globalization
Internet : ( searching for our subject matter)
Email : ( we students can use email to communicate
with students in others country, people or for business etc.)
Facebook : (it helps to communicate with all over the world )
Twitter : ( it is the ability to communicate and share information
to all over the world )
Instagram : ( it is the ability to share our photos , videos and also
can communicate with the people)
Viber : ( live visual meeting, messaging , sharing photos)
Skype : ( live visual meeting with people all the world)
18. Impacts of Globalization in Nepal:
Nepal entered into the phase of globalization after the restoration of democracy in
1990. As anything, globalization also has its positive as well as negative aspects. And,
with the exposure to globalization for more that two decades, it is high time now to
determine or at least discuss whether globalization has been good or bad for Nepal.
The most important positive changes that globalization has brought about,
particularly in Nepal and generally in Asia, are the concepts of good governance,
popular participation, civil society, human rights, etc. In all, the positive impacts
of globalization in Nepal can be summed together and called –liberal democracy
Liberal Democracy- There has been positive enlightenment on concepts of good
governance, popular participation, civil society, and human rights.
Sustainable development programs have helped the Nepalese people to advance
their lifestyles and embrace the state of being the abundant.
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1.Nepal’s foreign policy has become weak and is strictly influenced by
foreign aid and trade regimes.
2.Nepal has become a safe haven for the international criminals,
smugglers, terrorists, drugs and girl traffickers, and unauthorized
laborers due to the fact that it has low regulative capacity.
3.The attitudes of love, affection, nationalism, and patriotism have
become weak, as well as the democratic values and culture.