GLOBALIZATION

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GLOBALIZATION by Mind Map: GLOBALIZATION

1. What is globalization?

2. World view of:

3. Culture

4. Ideas

5. Products

6. Telecommunications

7. Transportations

8. International Network of Economic System

9. Major Factors

10. Internet

11. smartphones

12. Generating Interdepedence

13. Basic Aspects:

14. Migration, Transaction, Investment, Capital.

15. Connected with Overfishing, Air pollution, Global Warming.

16. Subdivision:

17. Economic Globalization

18. Cultural Globalization

19. Political Globalization

20. How new is globalization

21. Establish its current meaning in the 1970's

22. European Age/Voyage to Modern World

23. Earliest usage as a noun on 1930 in the book "Towards New Education"

24. By 1960, Term began to use by economist, scientist.

25. Gain its fame in later 1980's

26. Large Scale globalization began in 19th to early 20th century.

27. (1983)Harvard Business publish "Globalization on Markets''.

28. which in 1992 define as the the compression of the world and the intensification of the consciousness of the world as a whole.(Thomas Larsson)

29. What has led to an increased globalization?

30. Trade philosophies

31. In creation of religions

32. Epidemic Diseases

33. Technologies

34. States became interdependent to each other.

35. Western States learned principles from the east.

36. Expansionism(method of managing global trade) .

37. American as a Universal Culture

38. Negative Effects:

39. Competition

40. Lower Environmental Standards

41. Volatility of Capital Flows Increases.

42. Currency crisis

43. Third world counties prevent from accessing export materials

44. harm on environment

45. Diseases

46. Positive Effects:

47. Greater Oppurtunities

48. New Markets Access to capital flow

49. Cheaper imports

50. larger export

51. Closing of Tech gap

52. Jobs

53. FDI provide incentives to adopt

54. Benefits:

55. Free trade

56. low oppurtunity cost

57. Greater choice of goods

58. Bigger export markets

59. Bigger domestic manufacturers

60. Greater competition

61. Investment

62. less cultural diversity

63. Future:

64. Greater levels of immigration

65. changing the ethnic cultural

66. Multicultural Societies

67. " FARTHER, Faster, Cheaper, and Deeper"