However, globalisation is also affecting us in a negative way. Increased transportation and the global shift of polluting manufacturing industries has resulted in environmental degradation. Pollution is affecting people’s health and having a negative impact on biodiversity levels globally.

Globalization refers to integration between people, companies, and governments. Most noteworthy, this integration occurs on a global scale. Furthermore, it is the process of expanding the business all over the world. In Globalization, many businesses expand globally and assume an international image.

An Globalization It is very important to study globalization because understanding the contemporary international political economy is an essential part of being an informed citizen. Understanding globalization is a very important part of learning about our human involvement with the environment and society.

The word ‘globalisation’ is being used to mean that the world has become a smaller place where distances between people and countries are being overcome through technology. It is also a term associated with economic relations and cultural ties between different countries. …

Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

As a result, there are a number of positives associated with globalization: it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export …

Loss of individualism and group identity occur when globalization encourages a ‘Western ideal of individualism’. This promotes a homogeneous set of values and beliefs. Globalization allows further colonization which impacts intellectual property and cultural rights.

Examples of Globalization (Concept Map) Economic globalization: is the development of trade systems within transnational actors such as corporations or NGOs; Financial globalization: can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges.

7 Factors Influencing Globalization – Discussed!

• (1) Historical: The trade routes were made over the years so that goods from one kingdom or country moved to another.
• (2) Economy:
• (3) Resources and Markets:
• (4) Production Issues:
• (5) Political:
• (6) Industrial Organisation:
• (7) Technologies:
• Eight barriers in economic activities:

Globalization [SIB-101]: Types of Sources

• Types of Sources.
• Global Industries & Companies.
• Article Databases.
• Global Issues (Online Sources)
• Global Issues (Print Sources)
• Country Information (Online Sources)
• Country Information (Print Sources)
• International Organizations.

Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Technological advancements reduce costs of transportation and communication across nations and thereby facilitate global sourcing of raw materials and other inputs. Patented technology encourages globalization as the firm owning the patent can exploit foreign markets without much competition.

7 Risks for the Global Economy

• Business as Usual.
• #1: Global Excess Liquidity.
• #2: Growing Debt.
• #3: Increasing Protectionism.
• #4: Escalation of Geopolitical Conflicts.
• #5: Increase in Social Instabilities.
• #6: Rising Interest Rates in the U.S.
• #7: Technological Disruptions.

The Challenges of Globalization

• Exploitation. American companies have been known to use cheap foreign sweatshop labor to make cheap American goods.
• High Investment Costs.
• Confusing Local Systems.
• Weak Regulation.
• Immigration Challenges.
• Localized Job Loss.