Okay, so we are going to
talk about Globalization.
And this is the process of international
integration arising from the interchange
of world views, products,
ideas and aspects of culture.
That's a manful and its overly complicated.
All we are saying is that
we are living in the global village.
And it's this sharing in an integration of world
views, of different products that are out for sale,
ways of thinking and even aspects of culture
that are shared across the globe.
Okay, now here are some of the things
that are affected by globalization.
and things that globalization can affect.
So businesses and work organizations.
So just having offices around the globe
in its self is a fairly new thing.
Years ago, the ability to have offices
all over the world was considered a huge deal.
Now, it being a global village this is an
impossible. We have a lot of global organizations
It also impacts economics.
It can impacts social resources.
It can impact the natural environment.
There is a lot of things that
globalization affects and is affected by.
Let's highlight some of this now.
Communication technology, this is
one of things that is really changed
and allowed for globalization.
So dramatic improvements in telecommunications
having mobile phones, satellites,
the advent if the internet World Wide Web.
All of these things have made it
almost instantaneous for us to acquire
information and share the information.
So think of recent world events.
The attacks and Brussel's.
The incidents in Paris, 9/11. These things happen
were almost being streamed or shared live.
Okay, so this is like unfathomable
20 years ago, 50 years ago.
It would take days, a weeks for or longer or
sometimes never for the world to hear world news.
Now, world news is your backdoor news.
It happens in your own backyard.
Transportation technology are improved dramatically
too. So we now have improved access,
speed and cost of transportation.
Even the connectivity of being
able to go to remote cities
were flights and things that
are happening before.
We now have major hubs, plains
that can go farther or distances.
The access to transport has
We also have the use in terms of
moving goods supertankers, cargo ships
and they themselves now use some of the
communication technology and things like GPS.
Which makes them a lot more accurate,
predictable and faster.
So it's not out of the norm for you
to be developing a product in the States
having it designed in Germany,
manufactured in China.
And then shipped back to be sold.
So you might say 'Oh my God that's so my
movement how was that even cost effective?
Well because of all the
it's not that cost to be
able to move things around.
And so, you sort to move the product,
you move your task to where that country
is well setup and has a resources
and expertise to do that.
So China is known globally for their ability to
manufacture. And they do that facts out of cause
and you see it from
the other countries.
And if you can keep transport cost and technology
to being cheap and accurate and predictable,
they have no problems moving things around
because at the end of the day its the end cost.
We also have Economic
In that is the concept saying because
of this globalization we are starting to see
the world economy becoming
a single entity.
So interdependence of national economies
across the world through a rapid increase
in cross-border movement of goods,
service and technology and capital
has created this single global
market place or single world market.
So that kind of make sense to me
if you are moving a lot of goods.
and this is like a thousands of dollars of goods.
This is millions and billions of dollars
Of goods between two countries.
That's going to have dramatic impact on both
of those to the economies to the point
where there is so intertwine that becomes
a global economy.
And when you globalize the globe you are
going to get this one single world market.
You see globalization of production, markets,
competition, technology corporations and industry.
All of these, these is all link
to the economic interdependence.
If you have the offices in different
parts of the world, you need to then
therefore accommodate and understand
that economic interdependence.
Now let's take a look at
Social Changes in Globalization.
We have something called
And this is where a person or a group's
language and/or their culture come
to resemble those of
All right we have something
And this is where we used to describe
a set of unequal relationships
between the colonial power and the colony
and often between the colonists
and the indigenous peoples.
And then finally, inequality which can
cause civil unrest and terrorism.
So let's talk about each of
those a little bit more detail.
So when you go to a sub certain country
or you bring your culture there.
That person's group language and your culture
can start to reflect those around them.
And you start to see that this assimilation.
And then, they sort to gobble up
similar like cultures in overtime through
this globalization. Culture seem less discrete.
They become a little bit more over lapping.
With Colonialism, we have somebody a
power and doesn't have as commonly today.
But it's happening in our history where a
stronger more powerful group will come in
and decide to setup shop.
I'm thinking about the British colonies
will come in, setup shop and saying,
'You know, we can provide for you
resources, some structure.
And we can help take care of you.
but in return those are in indigenous
tend to sort of dig it taking up
by the culture of the more dominant power.
And that ends up shaping and shifting
that countries, behaviors, norms and culture.
And that's direct result
to the globalization.
And then, by the way, we see this
potential for inequality.
If any of these scenarios, we have
a dominant power that is coming in
And they feel, the indigenous people or
those that are lower on that scale
in terms of relative cultural power.
They might feel like we are being taking
advantage of. We disagree with this.
We feel a sensitive in equality. That can create civil
unrest to a point where it can lead to wars,
It can lead to terrorism.
So globalization is a necessary always positive.
But you, I think the drivers behind,
why we do it is positive?