Globalization Lecture Notes

Introduction to Globalization

• Globalization is a complex and heavily discussed topic.
• Enabled by technical inventions such as smartphones, planes, phones, and the Internet.
• Allows for easier and faster exchange of information and goods between people and countries.

Definition of Globalization

• Derives from the word "globe."
• Represents countries getting closer through technological, cultural, and economic advancements.

Example of Globalization

• Companies Pro TV and Super-Color produce TVs in Buckland, competing under similar conditions.
• Globalization introduces competition from businesses in economically weaker countries, which can offer products cheaper due to lower production costs.

Effects of Globalization

Positive Effects

• Increased exchange of products, services, knowledge, culture, and languages.
• More people can afford and access a wider range of products.

Negative Effects

• Economic Impact:
  • Jobs may be moved from industrialized states to countries with weaker economies.
  • Workers in poorer countries earn very low wages and often lack social or medical insurance.
• Environmental Impact:
  • Increased transportation contributes to global warming.
  • Some countries do not respect environmental regulations to attract corporations, increasing CO2 emissions.

Conclusion

• Globalization is complex and affects almost all areas of life.
• It has both positive and negative effects, depending largely on how new opportunities are utilized in the future.
• Globalization is not inherently good or evil.
• Future implications depend on the actions and choices made with these new possibilities.