Globalization.

Globalization.

1. what is?

   • it is
     • the exchange of goods and services between contries
       • What affects countries ?
         • open its economy to investment and trade with the rest of the world
       • Countries that have benefited from globalization:
         • India has halved the poverty rate
         • China: the reform has led to the largest poverty reduction in history.
           • The number of poor in rural areas increased from 250 million in 1978 to 34 million in 1999 .
     • the integration economic
       • aspects of globalization:
         • Foreign trade
           • The participation of all developing countries in world trade increased from 19 % in 1971 to 29 % in 1999
           • Capital movements.
             • a phenomenon that many people associate with globalization : a sharp increase in private capital flows to developing countries
             • Dissemination of knowledge
               • The exchange of information is one aspect of globalization that is often overlooked.
                 • For instance
                   • the foreing invercion not only leads to an expansion of physical capital but also technical innovation.
           • Migration.
             • Workers moving from one country to another partly to find better employment opportunities
   • it's
     • a catalyst and a consequence of human progress
       • multifaceted process that offers great opportunities for development
         • advantages of the globalization
           • reduce production costs
             • Increases employment in developing countries
               • the product quality increases.
                 • Greater accessibility to goods and sevices
         • Disadvantages of globalization
           • economic inequality between countries
             • Economic inequality within nations
               • In developed countries will increase unemployment and poverty for large companies migrate to other places seeking cheap labor and raw materials.
                 • Environmental degradation
                   • A chance to compete with large multinational companies
                     • Mayor drain money

2. by: Oscar Daniel Chávez Bernal LNA01