GLOBALIZATION

GLOBALIZATION

1. Is the process by which the world becomes interconnected, as a result of massively increased trade and cultural exchange.

   • This process increases the production of goods and services.
     • IN LATIN AMERICA....
       • Advantages:
         • Economies opened up to different countries --> good relationships between each other
         • Exportations increase --> national enterprises can easily access to agricultural resources --> become competent
         • Use of internet --> Access to information and knowledge to a considerable part of the population
         • New economical activities -> city´s growth and development
         • Technological advances --> Scientific improvements and city´s development
       • Disadvantages:
         • In Latin America only 5 countries have grown and are globalized
         • It becomes a necessity for Latin American countries to import good technology--> creates an unequal market
         • Exclusion of poor sectors because governments focus on education,, health, etc.
         • Colombia´s employment offer decreased because big companies are competing with the foreign companies
         • Amount of companies and industries created during the last century--> Negative environmental impacts
       • By: María Vélez Gallo 11A