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PROJECT   “GLOBALIZATION” 11 “b” Soslan Gubulov Katrin Tedeeva 2017-2018

PROJECT “GLOBALIZATION”

11 “b”

Soslan Gubulov

Katrin Tedeeva

2017-2018

Globalization is the process of the world changing structure of the economy.

Globalization is the process of the world changing structure of the economy.

TYPES OF GLOBALIZATION

TYPES OF GLOBALIZATION

The types of globalization Political Economic Cultural

The types of globalization

  • Political
  • Economic
  • Cultural
А number of benefits from the globalization process: globalization has caused the aggravation of the international competition; savings on production scale that can potentially lead to reduced costs and lower prices, and consequently, to steady economic growth; the advantages of globalization are connected also with the gains from trade on a mutually beneficial basis satisfactory to all parties, which may be individuals, firms and other organizations, countries, trade unions and even entire continents; globalization can lead to increased productivity as a result of the rationalisation of production at the global level and the proliferation of advanced technology and competitive pressures in favor of continuous innovation on a global scale.

А number of benefits from the globalization process:

  • globalization has caused the aggravation of the international competition;
  • savings on production scale that can potentially lead to reduced costs and lower prices, and consequently, to steady economic growth;
  • the advantages of globalization are connected also with the gains from trade on a mutually beneficial basis satisfactory to all parties, which may be individuals, firms and other organizations, countries, trade unions and even entire continents;
  • globalization can lead to increased productivity as a result of the rationalisation of production at the global level and the proliferation of advanced technology and competitive pressures in favor of continuous innovation on a global scale.
Globalization deepens, expands and accelerates the world are interconnected and interdependent in all spheres of today's social life.

Globalization deepens, expands and accelerates the world are interconnected and interdependent in all spheres of today's social life.

COMPARE THE PROS AND CONS OF GLOBALIZATION The cons of globalization The pros of globalization Globalization has created international competition. Competition is a stimulator of production. Globalization has provoked a savings of production scale, that contributed to the avoidance of shocks in the economy and lower prices The owners, which is not able to produce a large quantity of goods are losing money, and people – work. The de-industrialization of the economy – manufacturing sectors are losing ground, while the arena goes thriving service sector.

COMPARE THE PROS AND CONS OF GLOBALIZATION

The cons of globalization

The pros of globalization

  • Globalization has created international competition. Competition is a stimulator of production.
  • Globalization has provoked a savings of production scale, that contributed to the avoidance of shocks in the economy and lower prices
  • The owners, which is not able to produce a large quantity of goods are losing money, and people – work.
  • The de-industrialization of the economy – manufacturing sectors are losing ground, while the arena goes thriving service sector.
COMPARE THE PROS AND CONS OF GLOBALIZATION The pros of globalization The cons of globalization International trade is beneficial to all subjects of market relations. The introduction of modern technologies and increase productivity. Countries at stages of development, can catch up with the advanced countries, improving their economic situation. Competition creates a big gap between skilled and unskilled employees. Salary first increases significantly, while the latter receive a penny or even lose the source of income. Globalization greatly affects the ecosystem of the world. Conflicts over use of natural resources will not be avoided.

COMPARE THE PROS AND CONS OF GLOBALIZATION

The pros of globalization

The cons of globalization

  • International trade is beneficial to all subjects of market relations.
  • The introduction of modern technologies and increase productivity.
  • Countries at stages of development, can catch up with the advanced countries, improving their economic situation.
  • Competition creates a big gap between skilled and unskilled employees. Salary first increases significantly, while the latter receive a penny or even lose the source of income.
  • Globalization greatly affects the ecosystem of the world. Conflicts over use of natural resources will not be avoided.
THANK YOU!

THANK YOU!