Lab 1 Globalization

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VIDEO 1

  • Street Interviews asking people to define globalization.

Most people know about the term "Globalization", but they are not really aware about it

  • A technical definition of globalization.

The Globalization increase connectivity that is essencialy raising political borders

  • Interviews on the effect of globalization on individuals.
Globalization affects on individuals in all different ways but sometimes they are not aware of those effects
  • Interviews on how globalization has affected small and local businesses.
In general, small and local businesses haven't been affected by Globalization. They say they do all they can do it about their own bussiness

  • Advantages of Globalization

  • goods and people are transported with more easiness and speed

  • free trade between countries increases

  • as the cultural barriers reduce, the global village dream becomes more realistic

  • the interdependence of the nation-states increases

  • enhancement in the information flow between geographically remote locations

  • the global common market has a freedom of exchange of goods and capital

  • worldwide financial markets emerge

  • multiculturalism spreads as there is individual access to cultural diversity. This diversity decreases due to hybridization or assimilation

  • international travel and tourism increases

  • local consumer products are exported to other countries

  • immigration between countries increases

  • free trade zones are formed having less or no tariffs

  • due to development of containerization for ocean shipping, the transportation costs are reduced


  • Disadvantages of Globalization

  • reduces the diversity of domestic economies and hence their ability to provide such goods themselves

  • increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor

  • greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage

  • greater risk of diseases being transported unintentionally between nations

  • international bodies like the World Trade Organization infringe on national and individual sovereignty

  • increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources

  • decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries