GLOBALIZATION

GLOBALIZATION

1. Expansion of international cultural, economic, and political activities

   • CHARACTERISTICS
     • Improved Technology in Transportation and Telecommunications
     • Movement of People and Capital
     • Diffusion of Knowledge
     • Non-Governmental Organizations (NGOs) and Multinational Corporations

2. Pros

   • Exportation focus on products that require non qualified hand labor = workers access better life conditions.
     • Open economies the world; supported by rapid technological advances that guaranty the insertion of the continent in the world economy.
       • Improvement of agricultural products for national enterprises to compete with foreign companies.
         • Developing countries are able to reap the benefits of current technology like the internet.

3. Cons

   • Outsourcing, while it provides jobs to a population in one country, takes away those jobs from another country, leaving many without opportunities.
     • Multinational companies are the ones that generate a greater environmental impact
       • While interacting, cultures begin to meld, and the contours and individuality of each culture begin to fade
         • Governments have privatized important sectors of economy: health, education and public services. This politics make the State not care enough for the most needing sectors of the population.

4. Globalization in Colombia

   • Facts
     • - Fourth country more globalized in Latin America.
       • - The aspect more globalized are finances.
         • - We have lost cultural identity in aspects like music and arts.
           • - We no longer depend in only one product of exportation. (As coffee once was the only product that Colombia exported.)