Mindmap

Globalization

mirven cabisay Englisch

Inhalt der Mindmap

Globalization

what is it?
- integration
  - economics
  - societies
- interaction
  - countries
  - world
- exchange
  - culture
  - political ideas
  - technology
  - economic ideas
roots
- recontextualization
  - 20th century
- last two decades
- occurs due to sudden exchange
  - knowledge
  - trade
  - capital
- industial revolution
  - massive advances
    - technology
- price revolution
  - Europe
- trade between sumer and indus
reasons
- development
  - ICT
    - internet
      - global communication
  - communication
  - complex financial products
    - global credit market
      - grow rapidly
- increasing capital mobility
  - capital
    - movement
      - free
      - country to country
- growing investment
  - free trade
  - multinational companies
    - MCDONALDS
    - Microsoft
positive effects
- opportunities
  - firms
    - large market scope
- access
  - technology
  - human capital
  - new inventions
  - cash flows
- international trade
  - larger export markets
    - generate high amount of value
    - high economic growth and rate
  - cheaper resource importation
    - continuous food production
    - innovation
negative effects
- competition
  - lower environmental standards
- americanization
  - loss of cultural uniqueness
  - becomes universal culture
- risks of crisis
  - banking
  - currency
  - increased volume of capital flows
- domination
  - transnational corporations
- environment destruction
  - mining
  - plastic manufacturing
trade benefits
- nations gain more market
- needed resources
  - bougth
  - acquired
  - adequate supply
- exportation of excess products
- international relations
future
- inequality rises
  - racism
  - resource rights
- cyber risk
  - political instability
- exploitation
- violence and war
  - mineral rich disputes
    - south china sea gas reserves
      - China
      - US
      - Philippines
      - Vietnam