GLOBALIZATION: THREAT OR OPPORTUNITY?

GLOBALIZATION: THREAT OR OPPORTUNITY?

1. WHAT IS?

   • DISADVANTAGES
     • income gap between rich and developing countries poor has expanded over several decades
     • distribution of income among countries shows greater inequality today
     • Incapacity of the national State as entity control and administration
     • Concentration of capital in large groups multinational or transnational
     • construction of a global cultural hegemony that threatens local identities
   • Is a historical process, the result of human innovation and technological progress. It refers to the growing integration of economies around the world, especially through trade and financial flows.
     • DIMENSIONS
       • Cultural
       • Political
       • Social
       • Economic
       • Technological
   • Refers to extension beyond borders of the same market forces as for centuries have operated at all levels of the human economic activity

2. HISTORY

   • Globalization isn´t a recent phenomenon. Some analysts argue that the world economy was as globalized 100 years ago as it is today. Yet never before have trade and financial services been so developed and integrated. The most striking aspect of this process is the integration of financial markets, which has been made possible by modern electronic communications.
     • Globalization is the result of the consolidation of capitalism and the need to expand the flow of trade as well as major technological advances, especially in the area of communication. Innovations in in the field of telecommunications and information technology, the entire Internet, have played a decisive role in building of a globalized world.

3. ADVANTAGES

   • CONCLUSIONS
     • Countries must be willing to adopt the necessary policies and, in the case of the most They may need the support of the international community to that end.
     • As the process of globalization has progressed, living conditions ( measures using comprehensive indicators of well-being) have improved appreciably in almost all countries. However, the most advanced countries and only some developing countries.
     • Low-income countries have not been able to integrate into the world economy with the same speed than others in part because of the policies they have decided to implement and in part due to factors beyond their control.
     • The international community should work to strengthen the international financial system through foreign trade and assistance to help the poorest countries integrate into the economy, to accelerate its economic growth and reduce poverty. This is the best how to ensure that all people in all countries benefit from globalization.
   • Markets promote efficiency through competence and division of labour
   • It is possible to benefit from ever-expanding markets around the world and to have increased access to capital flows and technology
   • Benefit from cheaper imports and wider export markets
   • The poorest countries have achieved considerable progress.
   • Living conditions improve as a result of the accumulation of physical capital (investments) and human capital (labour) and advances in technology (what in the economy is called "total productivity of factors of production

4. CHARACTERISTICS

   • The most important features of globalization are as follows: is a planetary phenomenon, that is, is manifested all over the world; it is universal, since it covers all aspects of human and social life; is uneven and asymmetrical, since impacts in very different ways according to the level of development of each and its share of participation in the world power; it’s unpredictable, it’s say, your results can’t be anticipated; depends on the connectivity and of the telecommunications; supposes the spatial reorganization of the production; globalization of goods and promotes uniformity of consumption; forms a model global financial