3. RIZWAN ALI AQSA ZULFIQUAR HASSAN JAVED SAIMA IQBAL RAJA WALEED RAZA GROUP MEMBERS
4. CONTENTS INTRODUCTION TO GLOBALIZATION. GENERAL EFFECTS OF GLOBALIZATION. THE BRIGHTER SIDE (POSITIVE EFFECTS) NEGARIVE EFFETCS OF GLOBALIZATION A NEUTRAL APPROACH (CONCLUSION)
5. INTRODUCTION TO GLOBALIZATION Definition: An economic phenomenon? A social phenomenon? A cultural phenomenon? The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking of the world in economic terms. .
8. INDUSTRIAL EFFECTS Emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies FINANCIAL ASPECTS Emergence of worldwide financial markets and better access to external financing for borrowers
9. EconomicEffects: Realization of a global common market. The interconnectedness of these markets, however, meant that an economic collapse in one area could impact other areas. Job Market: With the advent of the information age and improvements in communication, this is no longer the case.
11. HEALTH POLICIES On the global scale, health becomes a commodity. In developing nations under the demands of Structural Adjustment Programs, health systems are fragmented and privatized.
13. TRADE COMPETITION Due to the market becoming worldwide, companies in various industries have to upgrade their products and use technology skillfully in order to face increased competition.
15. POLITICAL ASPECTS Politically, the United States has enjoyed a position of power among the world powers. With the influence of globalization there will be a major reallocation of power among the world leaders.
17. CULTURAL GLOBALIZATION The Internet is associated with the process of cultural globalization because it allows interaction and communication between people with very different lifestyles and from very different religious backgrounds.
19. FINANCIAL DIVERSIFICATION Since the mid-1970s, it has been argued that geographic diversification would eventually generate superior risk-adjusted returns ……
20. COMMUNICATION BOOST Exchange of information via the internet is playing a major role in the democratization of many countries.
22. The development of Third World nations “Although there are obvious problems with overly-rapid development, globalization is a very positive force that lifts countries out of poverty.”
23. HASTENING THE END OF EUROPEAN AND USA ECONOMIC HEGEMONY. By 2050 the economies of the E7 emerging economies (the BRIC countries, China, India, Brazil, and Russia, plus Indonesia and Turkey) will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada).
25. INCREASED OPPORTUNITIES IN THIRD WORLD COUNTRIES Production workers in developing countries are not only able to compete, they have a strong advantage over their counterparts in the industrialized world.This translates into increased opportunity.
