Introduction to Globalization.
                     INTRODUCTION TO 
GLOBALIZATION
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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