GlobalizatioGlobalizationn

GlobalizatioGlobalizationn--SagayaSagaya Michael Raj.AMichael Raj.A

Definition

History of Globalization

Globalization in I.T Sector

Positive Aspects of Globalization

Negative Effects of Globalization

Benefits of Globalization

Future Globalization

Definition

• Globalization (or Globalisation) refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres.

History of Globalization

• Harappan civilization • 14th century• US and French Revolutions (1776-

1789 AD)• 18th century

Globalization in IT sector

• India has allowed companies to increase their base of operations, expand their workforce with minimal investments, and provide new services to a broad range of consumers.

• growth of outsourced IT and business process outsourcing (BPO) services.

• From steel to Bollywood, from cars to IT, Indian companies are setting themselves up as powerhouses of tomorrow’s global economy.

Advantages of Globalization

• Increased free trade between nations • Global mass media ties the world

together • Greater ease and speed of transportation

for goods and people • Increased liquidity of capital allowing

investors in developed nations to invest in developing nations

Disadvantages of Globalization

• Increased likelihood of economic disruptions in one nation effecting all nations

• Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor

• Increase in the chances of civil war • Spread of a materialistic lifestyle and

attitude that sees consumption as the path to prosperity

Benefits of Globalization

• Rising standards of living in some parts of the developing world

• Spreading of technical knowledge and innovation worldwide

• Better education and life expectancy worldwide

• Increasing political liberalization and democracy worldwide

Future Globalization

• Globalization is a tool that should benefit all sections of mankind. One cannot ignore its negative effects. These must be addressed for the world’s peace and prosperity.

Thank You