Globalisation : Advantages And Disadvantages

This post is actually from a Microsoft Power Point Presentation I had to submit as an Economics Project at school a few days ago.The topic was interesting,very relative to the present day economic,political and philosophical issues.The presentation is quite lengthy,I could not stop very quickly once I started reading and I actually finished up 38 slides. 
The point of view I posted it from is that students who are going to have to work on this topic can get some help while working on their projects and at the same time and perhaps most importantly understand the consequences of globalisation on the human civilization and especially,the economically vulnerable population.I have definitely not kept a 'political affiliation' in the presentation,as this is a school project but you will still find a voice against the inhuman side of globalisation.After all,as Amartya Sen has put it in his bok 'On Ethics And Economics' in context of Aristotle's 'Politics',"There is no scope for dissociating the study of economics from that of ethics or political philosophy."
What
is Globalisation?

¢Globalisation
is the process of international integration arising from the interchange of
world views, products, ideas and other aspects of culture.
¢Globalisation
has been taking place for hundreds of years, but has speeded up enormously over
the last half-century.

¢Although
globalisation is probably helping to create more wealth in developing countries
- it is not helping to close the gap between the world's poorest countries and
the world's richest.
Globalisation
(A
Popular Logo)


What
Caused Globalisation : A Brief History

¢Though
scholars place the origins of globalization in modern times, others trace its
history long before the European age of discovery and voyages to the New World.
Some even trace the origins to the third millennium
BCE.In
the late 19th century and early 20th century, the connectedness of the world's
economies and cultures grew very quickly.

¢The
term globalization has been increasingly used since the mid-1980s and
especially since the mid-1990s. In 2000, the International Monetary Fund (IMF)
identified four basic aspects of globalization: trade and transactions, capital
and investment movements, migration and movement of people, and the
dissemination of knowledge.


Airline
personnel from the "Jet set" age, circa 1960

Impacts
of Globalisation

Globalisation has resulted in:
  • Increased international trade
  • A company operating in more than one country
  • Greater dependence on the global economy
  • Freer movement of capital, goods, and services
  • Recognition of companies such as McDonalds and Starbucks in LEDCs

  •     With
    improvements in transportation and communication, international business grew
    rapidly after the beginning of the 20th century. International business
    includes all commercial transactions (private sales, investments, logistics,
    and transportation) that take place between two or more regions, countries and
    nations beyond their political boundaries. Such international diversification
    is tied with firm performance and innovation, positively in the case of the
    former and often negatively in the case of the latter. Usually, private
    companies undertake such transactions for profit.
An
Interesting Example : International Trade – A Troubling Trajectory? 

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