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Globalization by Mind Map: Globalization

1. Ideoscape

1.1. Flow of ideas.

1.1.1. Audio

1.1.2. Text

1.1.3. Social Movements

1.1.4. Images

1.2. Disadvantages

1.2.1. This can lead to severe problems with global cultural flow if not understood in light of all of the aforementioned.

2. Industry

2.1. Primary

2.1.1. Raw Materials. Farming Mining Forestry Fishing

2.2. Secondary

2.2.1. Manufacturing. Business Products Construction Heavy Industry Consumer Staples

2.3. Tertiary

2.3.1. Provides Service. Restaurants Financial institution facilities People's transportation Railroads or Trucking

2.4. Quaternary

2.4.1. Research and Development Industries. Information and Communication Technology (ICT) Business Consultancy Research and Development

3. Types of Globalization

3.1. Intergovernmental organizations.

3.2. Intergovernmental treaties.

3.3. Multinational corporations.

4. Cultural Process

4.1. Ethnoscape

4.1.1. Flow of people across boundaries. Tourists Exiles Refugees Immigrants

4.1.2. Advantages Easier to communicate throughout the boundaries Better and Cheaper Products

4.1.3. Disadvantages Discrimination Barriers of entry

4.2. Technoscape

4.2.1. Flows of technology. Desktop Applications Media Applications Web Applications Computer Hardware

4.2.2. Advantages Producing a large scale of online jobs. Easier International Trade

4.2.3. Disadvantages Replacement of Workers by Machines Rise of Fake News

4.3. Finanscape

4.3.1. Flow of money across political borders. Cryptocurrencies Trading Stock Market

4.4. Mediascape

4.4.1. Flow of media across borders. Newspapers. Radio. Cable News. Netflix. Youtube.

4.4.2. Advantages A sense of community and social cohesion develops. Urgent information is broadly dispersed.

4.4.3. Disadvantages Minority views can be marginalized. The government and oligarchs often control the message.

5. Pros

5.1. Increases economic growth.

5.2. Makes production more affordable.

5.3. Promotes working together.

5.4. Brings opportunities to poorer countries.

6. Cons

6.1. Increases potential global recessions.

6.2. Exploits cheaper labor markets.

6.3. Causes job displacement.