TOPIC 3: GLOBALIZATION AND interconnection and interdependence of events
MULTINATIONAL CORPORATION and their consequences.
NAME:_______________________________ Technological Globalization - the phenomenon
by which millions of people are interconnected
thanks to the power of the digital world via
Globalization - refers to the growing platforms such as Facebook, Instagram,
interconnection of nations' economies. It Skype or Youtube.
represents the flow of financial products,
goods, technology, information, and jobs
across national borders and cultures. In Geographical Globalization - is the new
economic terms, it describes an organization and hierarchy of different regions
interdependence of countries around the globe of the world that is constantly changing.
fostered through free trade. It the spread of
products, technology, information, and jobs
across national borders and cultures. Ecological Globalization - accounts for the idea
of considering planet Earth as a single global
entity - a common good all societies should
Examples of Globalization (Concept Map) protect since the weather affects everyone and
we are all protected by the same atmosphere.
Because of trade developments and financial
exchanges, we often think of globalization as
an economic and financial phenomenon. Often
referred to as the globalization concept map, The Benefits of Globalization
some examples of globalization are: Globalization has benefits that cover many
different areas. It reciprocally developed
economies all over the world and increased
Economic Globalization - is the development cultural exchanges. It also allowed financial
of trade systems within transnational actors exchanges between companies, changing the
such as corporations or NGOs; paradigm of work.
The Negative Effects of Globalization
Financial Globalization - can be linked with the Globalization is a complex phenomenon. As
rise of a global financial system with such, it has a considerable influence on
international financial exchanges and several areas of contemporary societies.
monetary exchanges.
The Negative Effects of Globalization on
Cultural Loss
Cultural Globalization - refers to the Apart from all the benefits globalization has
interpenetration of cultures which, as a had on allowing cultural exchanges it also
consequence, means nations adopt principles, homogenized the world's cultures. That's why
beliefs, and costumes of other nations, losing specific cultural characteristics from some
their unique culture to a unique, globalized countries are disappearing.
supra-culture;
The Economic Negative Effects of
Globalization
Political Globalization - the development and Despite its benefits, the economic growth
growing influence of international driven by globalization has not been done
organizations such as the UN or WHO means without awakening criticism.
governmental action takes place at an
international level. Globalization Quotes by World Influencers
Many world leaders, decision-makers and
influential people have spoken about
Sociological Globalization - information moves globalization.
almost in real-time, together with the
Globalization, Sustainable Development, Decentralized multinational companies - have
and CSR a strong presence in their home country. The
term ‘decentralization’ means there is no
Globalization affects all sectors of activity to a centralized office. Decentralized multinational
greater or lesser extent. By doing so, its gap corporations allow for rapid expansion, as new
with issues that have to do with sustainable entities can be set up throughout the nation.
development and corporate social
responsibility is short. Global centralised corporations - have a
central administrative office in their home
Globalization Quotes by World Influencers country. They may outsource production to
1. Barack Obama - "We are all part of one developing countries to save time and
global community, and the challenges we production costs while making use of a local
face—climate change, terrorism, poverty— resources.
require global solutions." International companies - utilise the resources
2. Bill Gates - "Globalization, if managed of the parent company to develop new
properly, can return economic benefits to all. products or features that will help them gain a
The challenge lies in creating a system that is competitive edge in local markets.
fair and sustainable." Transnational enterprises - have a
decentralised organizational structure with
branches in several countries. The parent
Politic Globalization Quotes company has little control over the foreign
branches.
1. David Held - "Political globalization signifies
the emergence of a new form of governance,
where international institutions and norms
increasingly influence domestic policies." Top Multinational Companies from the
Philippines
2. Naomi Klein: "Globalization is often a
political project that serves the interests of Jollibee - blends Filipino flavors with global
corporations and elites, while the voices of the appeal, and its aggressive expansion strategy
marginalized go unheard." has made it one of Asia’s largest fast-food
chains.
San Miguel - diversified from beer to power,
MULTINATIONAL CORPORATIONS infrastructure, and international markets,
making it one of the Philippines' biggest
Multinational Corporation (MNC) conglomerates.
Is a company that operates in multiple Universal Robina Corporation (URC) -
countries but is managed from one innovates and localizes its products, allowing
headquarters, usually in its home country. its brands (such as Jack ‘n Jill, C2 Green Tea,
These corporations have business activities and Great Taste Coffee) to be competitive
such as production, sales, and distribution in globally.
various nations.
Ayala - is a diversified business giant known
Multinational corporations (MNCs) play a for sustainable development, technological
significant role in the Philippine economy, innovation, and strong global investments.
either by establishing operations within the
country or by originating from the Philippines AGI - is a global leader in food, beverage, and
and expanding globally. entertainment, leveraging strategic
partnerships to expand its footprint.
ICTSI - is a global leader in port operations,
Types of Multinational Companies managing some of the busiest terminals in
emerging markets.
There are four types of multinational
companies including decentralized
multinational companies, global centralised
corporations, international companies, and
transnational enterprises.
