Scribd
Upload
37 views7 pages

Contemporary World: What Is Globalization? How Would You Define Globalization?

Globalization is defined as the process of rapid growth and progress of individuals, ideas, information, products, and services across different parts of the world. It involves the interaction and integration of individuals, companies, countries, and international associations to facilitate foreign trade and investment through technologies and information sharing. While globalization has positive economic impacts on developing countries like the Philippines by creating jobs and investment from multinational companies, it can also negatively impact local entrepreneurs who struggle to compete against large companies with more capital. With cooperation between local and international businesses, the negative impacts of globalization can be reduced.

Uploaded by

Rach EiL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
37 views7 pages

Contemporary World: What Is Globalization? How Would You Define Globalization?

Globalization is defined as the process of rapid growth and progress of individuals, ideas, information, products, and services across different parts of the world. It involves the interaction and integration of individuals, companies, countries, and international associations to facilitate foreign trade and investment through technologies and information sharing. While globalization has positive economic impacts on developing countries like the Philippines by creating jobs and investment from multinational companies, it can also negatively impact local entrepreneurs who struggle to compete against large companies with more capital. With cooperation between local and international businesses, the negative impacts of globalization can be reduced.

Uploaded by

Rach EiL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 7

Contemporary World

WHAT IS GLOBALIZATION?
HOW WOULD YOU DEFINE
GLOBALIZATION?

Presented and submitted by:


MARK LESTHER B. MANINANTAN
GLOBALIZATION is a process of
rapid growth or progress of a
individuals, things, information's,
ideas, products and services in a
different route of the world. It is a
concept of a new mechanism which
make us individual to have a better link
to each in everyone.
It is also considered an interaction
and integration between each
individuals, companies, countries, and
even international associations to have
fastest foreign trade and investors with
the aid of technologies and
information’s.
There are many positive effects of
globalization to the country. For
example in the Philippines which
considered as one of the third world
country or developing country, this
term globalization has hastily effect to
the economy of the country.
Multinational Companies,
Transnational Companies are fervent to
invest this kind of country because
Philippines is the patent for their
benefits. When they invest, they create
jobs, contributed taxes, and it boost the
Philippines economy.
Globalization has also negative
effects. MNC’s, TNC’s has control
over law of investments were
Philippines is need of investors. Big
companies are threat to our local
entrepreneurs, they have lots of capital
were there product cost is lesser than
the small enterprise.
In general, this bad and good upshot
can be literary build into a uniqueness.
If these local enterprises, NTC’s and
MNC’s sustain economically,
environmentally, and contentment
there would be a better place for
everyone where no room for
greediness, and togetherness will place.

You might also like