Globalization
                     GLOBALISATIO
N
WHAT IS GLOBALIZATION?
 Globalization means the speedup of movements and exchanges of human 
beings, goods, and services, capital, technologies or cultural practices all over 
the planet. 
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HOW GLOBALIZATION WORKS?
 Globalization is driven by the convergence of political, cultural and economic 
systems that ultimately promote and often necessitate increased interaction, 
integration and dependency amongst nations.
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TYPES OF 
GLOBALIZATION
ECONOMIC GLOBALIZATION
 This type focuses on the unification and integration of international financial 
markets, as well as multinational corporations that have a significant influence 
on international markets.
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POLITICAL GLOBALIZATION
 This type deals mainly with policies designed to facilitate international trade 
and commerce. 
 It also deals with the institutions that implement these policies, which can 
include national governments as well as international institutions, such as 
the International Monetary Fund and the World Trade Organization.
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CULTURAL GLOBALIZATION
 This type focuses on the social factors that cause cultures to converge such as 
increased ease of communication and transportation, brought about by 
technology.
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EFFECTS OF 
GLOBALIZATION
INDIVIDUAL LEVEL
 The individual level includes the way international influence affects ordinary 
people within a nation or region.
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COMMUNITY LEVEL
 The community level includes effects to local or regional organizations, 
businesses and economies.
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INSTITUTIONAL LEVEL
 The institutional level includes effects to multinational corporations, national 
governments and higher education institutions that have international students. 
At this level, decisions are made that affect the lower levels.
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ADVANTAGES OF 
GLOBALIZATION
 It can solve fundamental problems with the global economy, such as poverty 
and unemployment, by promoting a free market that benefits rich and poor 
nations alike.
 It also theoretically gives poorer countries an opportunity for economic 
development through exposure to foreign capital and tech.
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FUTURE OF GLOBALIZATION
 Technology advances, particularly blockchain, mobile communication and 
banking are fueling economic globalization.
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