globalization. what is globalization? globalization- national economies, politics, cultures, and...
TRANSCRIPT
What is globalization?
• Globalization- national economies, politics, cultures, and societies become integrated with other nations around the world.
• Interdependence- dependence of countries on each other for goods, resources, and labor from other parts of the world.
What does Globalization look like?
• Multinational corporations- branches and goods sold across the world.
• Outsourcing- sending work to developing world to save money or increase efficiency.
Pros and Cons of Globalization
Pros• More, low cost goods.• Standard of living is
raised in developing countries.
• Intermixing cultures.• Opens new markets to
sell goods too.
Cons• Poor countries get
exploited. • “specialization” • Damages environment• Loss of jobs in
developed countries.• Countries tied together
economically.