Gec 103 Reviewer Globalization Global Economy - The Worldwide Exploitation
Gec 103 Reviewer Globalization Global Economy - The Worldwide Exploitation
Cultural globalization
Hafidah Buale 6. Ecological globalization
Globalization 7. Sociological globalization
Is the process in w/c people, ideas and Global Economy - The worldwide exploitation
goods spread throughout the world, of resources and the worldwide production and
spurring more interaction and integration marketing of goods and services.
between the world's culture, governments
and economies. - The resources are being process and
I s the process by which businesses or exported.
other organizations develop international Ex: The JEEP and the Copper
influence or start operating in an
international scale. Multinational Corporations (MNC) – Is an
It describes the way countries and the organization that has operations in a large
people of the world interact and integrate. number of countries. They are large companies
Many things have become globalized as that are managed by professionals who do not
people come into contact. Economic own the company.
globalization is how countries are coming “MNC’s are very important as they have a lot of
together as one big global economy. influence & can provide many advantages “
Making international trade easier.
The growth of the global economy. Refers Advantages of MNC
to any process of change operating at a 1. It creates employment.
world-wide scale and having a world-wide 2. It provides education and new skills
effect s. The whole planet is incorporated in 3. Provide investments in countries
a capitalist system production. There is also 4. Develops the industry in the country
an increasingly free flow of capital. 5. Provides equipment and capital for the host
Example of globalization: company