GLOBALIZATION introduction dimensions growth factors reasons advantage disadvantage

1. GLOBALIZATION
PREPARED BY JOYDEEP SINGH

2. WHAT IS GLOBALIZATION
• Globalization is the process of international
integration arising from the interchange of world
views, products, ideas, and other aspects of culture.
• Globalization means rapid increase in the share of
economic activities taking place across national
borders.

3. GLOBALIZATION
VS
INTERNATIONALIZATION
Globalization is the end result
Globalization is the process of integration
Globalization is more related to the nations and their
economies
Elimination of Visa Obligations, removing trade barriers,
liberalizing investment-related obligations, etc.
internationalization is one of the
tools/processes to achieve them.
Internationalization is an improvisation process
internationalization is more related to the
individual, firm and corporations.
producing or delivering services from one or
more countries, setting up of the branches and
subsidiaries etc.
Result/Task
Process
Scope
Example

4. DEFINITION
• IMF - the growing economic interdependence of
countries worldwide through increasing volume and
variety of cross-border transactions in goods and
services, free international capital flows, and more
rapid and widespread diffusion of technology.

5. CONDITIONS FOR GLOBALIZATION
• Business Freedom - the liberalization is the 1st step
towards facilitating globalization.
• Facilitators - Infrastructure facilitation available at
home country an help entrepreneurs go globally.
• Government support – Government support
available in the form of policy & procedure reform
encourage globalization.

6. CONDITIONS FOR GLOBALIZATION
• Resources - They include finance ,technology, brand
image, company’s image, managerial expertise etc.
• Competitors - The factors like low costs& price,
product quality, product differentiation, technological
superiority. After sales service, market strengths etc.
are few to name.

7. DIMENSIONS OF GLOBALIZATION
• ECONOMIC GLOBALIZATION
• CULTURAL GLOBALIZATION
• POLITICAL GLOBALIZATION
• IDEOLOGICAL GLOBALIZATION

8. GROWTH FACTORS FOR GLOBALIZATION
• Technology
• Communication
• Transportation
• Growth of economic cooperation – trading blocs
(EU, NAFTA, etc.)
• Movement to free trade

9. REASONS FOR GLOBALIZATION
Better resources
Low cost of production
Dilution of the local market
Operating internationally
Market expansion
Increased profit

10. ADVANTAGES
• Increased standard of living
• Access to new markets
• Increased economic development
• Exchange of ideas and technology
• Global cooperation
• Increased competition

11. DISADVANTAGES
• Increased unemployment
• Environmental and health related problems
• Economic vulnerability
• Impacts traditional industries
• Threat to local industries
• Cultural imperialism

12. THANK YOU