* What is Globalization ?
The term "globalization" is frequently used but seldom defined. It refers to the rapid increase in the share of economic activity taking place acrossnational boundaries.
* Find the vocabulary linked to globalisation (flows, hubs, ...)
Capitalism, economy, expending trade, americanisation, commerce, capitals, borderless market, communication,developped and developping countries, multinationals
* What are the problems of globalisation ?
- increased flow of skilled and non-skilled jobs from developed to developing nations ascorporations seek out the cheapest labor
- increased likelihood of economic disruptions in one nation effecting all nations
- corporate influence of nation-states far exceeds that of civil societyorganizations and average individuals
- threat that control of world media by a handful of corporations will limit cultural expression
- greater chance of reactions for globalization being violent in anattempt to preserve cultural heritage
- greater risk of diseases being transported unintentionally between nations
- spread of a materialistic lifestyle and attitude that sees consumption as thepath to prosperity
- international bodies like the World Trade Organization infringe on national and individual sovereignty
- increase in the chances of civil war within developing countries andopen war between developing countries as they vie for resources
- decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries.* Is globalisation good or bad ?
Globalization has made way for free trade and business and has communication between various parts of the globe. It has potential to make this world a better placeto live in. It is changing the political scenario thus deep-seated problems like unemployment; poverty and shift in power are coming to the picture. The marginal are getting a chance a to exhibit in...