Globalization Boon or Bane Group Name: Microsoft

Members:•Yusuf Khan (leader)•Rashid Beg•Md. Suhail Ansari•Rumaan Waqar•Osama Bin Maroof•Mohd Islamuddin Presented By

Microsoft Group

Topic

What Is Globalization?

Spread of; manufacturing, services, market, culture, life-style, capital, technology and ideas across national and boundaries around the world.

Also the integration of these geographically dispersed economic and and social activities.

Huge impacts on people and nation. The whole world is affected by globalization.

On Social,Economy,Political & LaborToday, it seems that globalization is an irresistible process. Some people believe that globalization has brought some positive side in our life such as free trade and environmental protection. However, others argue that the process of globalization has negative effects in terms of culture and economy. Who is right or wrong? In this, I will discuss the advantages and disadvantages of globalization relating to cultural globalization, economical globalization and political globalization.

Impact on Culture/Community

Positive effects

Increased cultural exposure and understanding

Closer cross-border ties

Negative effects More mobility

disrupts social life, particularly in remote or rural communities

Disintegration of local communities

Cultural homogenization and monoculture / reduced cultural diversity

Impact on the Environment

Positive effects More efficient use of

resources Increased demand for

and transfer of more efficient technologies

Increased incomes lead to greater concern for environmental protection

Negative effects Increased consumption Advertising creates artificial

needs Greater use of fossil fuels

(increased travel) Increased surplus and

scarcity Increased degradation from

unregulated businesses More factories require more

infrastructure

Impact on the Government

Positive effects Increased

economic development

Expanded infrastructure

Transfer of modern management techniques

Greater interdependence among business partners

o Negative effects

MNC power increased

MNCs externalize cost to countries

Competition results in too many concessions

MNCs influence local policies

Companies incorporate in low tax countries

Pressure to reduce social benefits

Impact on the Labor

Positive effects Increased job

opportunities Upgraded

education system

Increased training

Negative effects Job displacement Loss of industries or

economic groups Lowered labor

standards Downward wage

pressure Decreased union

power Diminished social

contract

“GLOBALIZATIN”BOON OR BANE

Boon Side……

Consumers also profit from globalization. Products become cheaper and you can get new goods more quickly.

Globalization lets countries do what they can do best. If, for example, you buy cheap steel from another country you don’t have to make your own steel. You can focus on computers or other things.

Globalization gives you a larger market. You can sell more goods and make more money. You cancreate more jobs.

Bane Side….. Globalization causes unemployment in

industrialized countries because firms move their factories to places where they can get cheaper workers.

Globalization may lead to more environmental problems. A company may want to build factories in other countries because environmental laws are not as strict as they are at home. Poor countries in the Third World may have to cut down more trees so that they can sell wood to richer countries.

Globalization can lead to financial problems . In the 1970s and 80s countries like Mexico, Thailand, Indonesia or Brazil got a lot of money from investors who hoped they could build up new businesses there. These new companies often didn’t work, so they had to close down and investors pulled out their money.

Some of the poorest countries in the world, especially in Africa, may get even poorer. Their population is not as educated as in developed countries and they don’t have the new technology that we do.

Human, animal and plant diseases can spread more quickly through globalization.