Globalization
What is globalization?
Globalization is the process by which
the world is becoming more and more
interconnected. This interconnection
occurs on a global scale, involving
people from different nations all over
the world.
By the term globalisation we mean
opening up of the economy for world
market by attaining international
competitiveness. Thus the
globalisation of the economy simply
indicates interaction of the country
relating to production, trading and
financial transactions with the
developed industrialized countries of
the world.
Objectives of globalisation

cross-border transaction of
goods and services,

wide scale financial transactions

between nations,

international treaties for defense

and security tie-ups,

international dimension of large

business enterprises,

communication across the globe,

and
 Contin.....

massive use of technology including internet technologies,

transfer of technology and including defense technologies,

massive sharing and exchange of knowledge between countries.

advanced transportation system (road, sea, and air) between countries,

movement of capital between countries in the form of investments,

 It expands our
understanding.

It brings us
freedom

Globalization
Advantages of Making cultures
makes trade
globalisation richer
boom!

Sharing ideas

Promoting peace
 Disadvantages
of Globalization

We did not all Corporations The loss of local Loneliness,Bad

The poorest
choose a ruling the traditions, A for the
people lose out
globalized life, world? lack of roots. environment
 Conclusion
There is no denying that there are plenty of arguments both for and against
globalization. Globalization can offer great opportunities for business,
education, friendship and even love. More and more people are meeting
their partners online and then traveling across the world to meet them
these days!
However, there are also some downsides to globalization. Most saliently, it
can be exploitative and bad for the environment, as well as having the
potential to be overly corporate and threatening the survival of local
cultures, languages and traditions.
Whether we like it or not, it seems that we are all living in an increasingly
globalized society. And so it is very important for every one of us to decide
which aspects of globalization we think are good and which we think are
bad and to act accordingly. Hopefully this list of 10 advantages and
disadvantages of globalization has helped you to make up your mind about
this complex issue.