Impact of Globalisation

Impact Explanation/ElaborationExplanation/ElaborationExplanation/ElaborationExplanation/Elaboration

Economic Improvement in Standard of Living

1. Many countries enjoyed increase in income levels.2. Government in turn make use of revenue for education, health,

defence, housing, and transportation.3. As such, people living in these countries can enjoy a higher

standard of living.4. With free trade, consumers can purchase a variety of foreign

goods besides local goods.5. One can also choose from local brands or those imported from

other parts of the world.

1. Many countries enjoyed increase in income levels.2. Government in turn make use of revenue for education, health,

defence, housing, and transportation.3. As such, people living in these countries can enjoy a higher

standard of living.4. With free trade, consumers can purchase a variety of foreign

goods besides local goods.5. One can also choose from local brands or those imported from

other parts of the world.

1. Many countries enjoyed increase in income levels.2. Government in turn make use of revenue for education, health,

defence, housing, and transportation.3. As such, people living in these countries can enjoy a higher

standard of living.4. With free trade, consumers can purchase a variety of foreign

goods besides local goods.5. One can also choose from local brands or those imported from

other parts of the world.

Economic

Increased Competition Among Nations

Investment and Market6. Countries face more intense competition.7. Government compete with one another to attract TNCs to invest

in their countries.8. Many people decided to set up their production facilities in China,

when it first opened its doors, as the cost of production is lower.9. Today, China has become an attractive country for investors and

poses a strong challenge to other countries.10. Countries that are able to offer incentives to foreign investors

will be more successful.11. However, developing countries find it difficult to attract investors

due to reasons such as poor infrastructure.Talent14. With globalisation, people are able to move from country to

country in search of leisure activities and employment.15. People who are highly skilled are in high demand.16. It has also presented the workforce with the opportunity to find

employment in another country.

Investment and Market6. Countries face more intense competition.7. Government compete with one another to attract TNCs to invest

in their countries.8. Many people decided to set up their production facilities in China,

when it first opened its doors, as the cost of production is lower.9. Today, China has become an attractive country for investors and

poses a strong challenge to other countries.10. Countries that are able to offer incentives to foreign investors

will be more successful.11. However, developing countries find it difficult to attract investors

due to reasons such as poor infrastructure.Talent14. With globalisation, people are able to move from country to

country in search of leisure activities and employment.15. People who are highly skilled are in high demand.16. It has also presented the workforce with the opportunity to find

employment in another country.

Investment and Market6. Countries face more intense competition.7. Government compete with one another to attract TNCs to invest

in their countries.8. Many people decided to set up their production facilities in China,

when it first opened its doors, as the cost of production is lower.9. Today, China has become an attractive country for investors and

poses a strong challenge to other countries.10. Countries that are able to offer incentives to foreign investors

will be more successful.11. However, developing countries find it difficult to attract investors

due to reasons such as poor infrastructure.Talent14. With globalisation, people are able to move from country to

country in search of leisure activities and employment.15. People who are highly skilled are in high demand.16. It has also presented the workforce with the opportunity to find

employment in another country.

Economic

Widening Income Gap Between Rich And Poor

Widening Income Gap Between The Rich And Poor10. Globalisation has contributed to the spread of poverty in many

other countries.11. In a globalising world, competition for investments and markets

is intense.12. It has contributed to the spread of poverty in many countries.13. The developed countries are experiencing rapid income growth

as they own most of the manufacturing activities.14. TNCs in developed countries are able to draw investments,

skilled people, and resources away from poor areas and relocate to other regions.

15. Developing countries face trade restrictions and are not capable of producing better quality goods.

Widening Income Gap Between The Rich And Poor10. Globalisation has contributed to the spread of poverty in many

other countries.11. In a globalising world, competition for investments and markets

is intense.12. It has contributed to the spread of poverty in many countries.13. The developed countries are experiencing rapid income growth

as they own most of the manufacturing activities.14. TNCs in developed countries are able to draw investments,

skilled people, and resources away from poor areas and relocate to other regions.

15. Developing countries face trade restrictions and are not capable of producing better quality goods.

Widening Income Gap Between The Rich And Poor10. Globalisation has contributed to the spread of poverty in many

other countries.11. In a globalising world, competition for investments and markets

is intense.12. It has contributed to the spread of poverty in many countries.13. The developed countries are experiencing rapid income growth

as they own most of the manufacturing activities.14. TNCs in developed countries are able to draw investments,

skilled people, and resources away from poor areas and relocate to other regions.

15. Developing countries face trade restrictions and are not capable of producing better quality goods.

SOCIAL STUDIES - SEC 4 CHAPTER 2: SUSTAINING ECONOMIC DEVELOPMENT

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Impact Explanation/ElaborationExplanation/ElaborationExplanation/ElaborationExplanation/Elaboration

Social Increased Awareness of Foreign Culture

Increased Awareness of Foreign Culture

1. Through globalisation, people have become more aware of different cultures.

2. People can learn about history, culture and way of life of people around the world through travelling, surfing the internet and watching foreign movies.

1. Through globalisation, people have become more aware of different cultures.

2. People can learn about history, culture and way of life of people around the world through travelling, surfing the internet and watching foreign movies.

Loss of Local CultureLoss of Local Culture

3. Corporations like Starbucks and McDonald’s have standardise methods of operation and thus have created a largely homogenous culture across the world.

4. Spread of pop culture across the globe.5. To many people, these cultures influenced their youths

negatively as they lose interest in the local culture.

3. Corporations like Starbucks and McDonald’s have standardise methods of operation and thus have created a largely homogenous culture across the world.

4. Spread of pop culture across the globe.5. To many people, these cultures influenced their youths

negatively as they lose interest in the local culture.

Environmental Environmental DegradationEnvironmental DegradationEnvironmental Degradation

Deforestation and Related Problems6. Rainforests in many countries have been cut down to make

way for the development of industries, agriculture, housing, and transportation.

7. Some governments allow trees to be cut down at a rapid rate as it can generate more revenue.

8. An example is in Indonedsia where deforestation is occurring at a rapid rate.

9. Forests are also being cleared for development projects and these enable Indonesia to achieve a higher level of economic development.

Global WarmingGlobal WarmingGlobal Warming 10. The movement of goods freely around the world contributed to global warming as aeroplanes and ships produce large quantities of greenhouse gases.

11. This led to an increase in global temperature.

Environmental ManagementEnvironmental ManagementEnvironmental Management

12. Some argue that globalisation brought about an increase in awareness of environmental management.

13. The amount of energy needed by a globalising world is enormous.

14. There has to be a sustained supply of power and one way which this can be achieved is through conservation.

15. Alternative energy sources such as wind, solar energy and geothermal power can provide some of the energy needed.

16. Hence, the challenge is for countries and organisations to source for alternative energy sources to generate power.

SOCIAL STUDIES - SEC 4 CHAPTER 2: SUSTAINING ECONOMIC DEVELOPMENT

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