Process of Globalization;

Positive & Negative Effects of

Globalization

Submitted to:
Virginia O. Verde Ph.D
(Soc101 Teacher)

Submitted by:
Ritz Joy Jose
Ariane Padunan
(BSED II)
Bea Lorettē
Globalization:
The process of socio-cultural and economic integration and standardization through the
breakdown of national barriers and increased interdependency in the global setting.
The process of interaction and integration among people, companies, government &
different nations.

Globalization Process:
1. Advancement & spread of technology through collaboration and production & entry of
commercial technology through free trade.
 Technology as the driver/ cause of Economic and Social Development worldwide.
 Technologies and Machineries for producing.

2. Expansion of international commerce as is the case of free trade involving exports and
imports with minimal or no restrictions.
 Commerce is the activity of buying and selling.
 Export is a function of international trade whereby goods and products produced
in a country or shipped to another country for future sale or trade.
 Import is a goods and product into jurisdication (make legal decisions and
judgements) especially across national boarder.

3. Rising the importance of Private Capital Flows as in the case of stock market, multi-
national corporation and out-sourcing.
 Private Capital Flow (% of GPD) is the sum of equity capital, reinvested earning,
short and long-term capitals and balance in payments.

4. Increasing travel & migration as in the case of international tourism, health care tourism
& foreign education.
 Migration makes important social and economic contributions to destination
countries, culturally enriching their societies, enhancing tourism products and
providing labor for travel, tourism hospitality and catering sectors.

5. Increases communication & interaction between people through various forms and
channels of media especially via internet.
 In everything including interaction, entertainment, information, etc.
 Through social media companies can advertise their products with everyone as
they have access on the internet.
Globalization Process was driven by;
1. International Trade which had a great share on GDP around the world. The
importance of International Trade is that Economies can be stimulated by transport
and encouraged through ICT.

2. Investment where products and services previously available within one country are
made more readily available to new markets.

3. Technology
a. Transport-in world trade, products can be sent all over the world quickly.
b. Information & Communication Technology (ICT)-distance is not problem
anymore. Distant people can now pass their messages where ever they were.
c. Machinery-for producing.

4. Finance refers to the integration between an individual country’s linkage to

international markets.