Académique Documents
Professionnel Documents
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Presented By:
Sahar Hamid
Urooj Ahmad
Ikram Gohar
Shahrukh Ghulam Nabi
GLOBALIZATION
“Globalization is the process by which all peoples and
communities come to experience an increasingly common
economic, social and cultural environment. By definition, the
process affects everybody throughout the world.”
HISTORY
The origin of globalization can be traced back till the 16th
century when the West started to explore and discover for
the new worlds and continents, bringing the English to
India in form of East India Company, there first
multinational was born for us and the rest is recorded
history. The process of global economic integration was
perpetrated at the behest of World War II and the first Great
Depression, when the leaders of Britain and the US
fumbled with the idea of reconstructing the war-torn world
monetary system with a focus on favoring free of capital
internationally, turn endure a liberal, capitalist world at the
end of war to counter the shadows of Socialism and
Marxism. To promote the new monetary world order, a
conference was convened in July 1944, at Bretton Woods,
New Hampshire, to create the world's most powerful
institutions: the International Bank for Reconstruction and
Development (the World Bank), and the Internationally
Monetary Fund (IMF).
DRIVERS OF GLOBALIZATION
Multinational Corporation
International Institute
Social Meida
DIMENSIONs OF
GLOBALIZATION
Economic Globalization
Socio-Cultural Globalization
Political Globalization
Economic Globalization:
Political Globalization
Political globalization refers to “the
intensification and expansion of political
interrelations across the globe”
Socio-culture Globalization:
Containerization
Technological change
Economies of scale
Differences in tax systems
Less protectionism
Growth Strategies of Transnational and Multinational
Companies
ADVANTAGES OF GLOBALIZATION
Financial and technical resources and expertise.
Good business practices.
Comforts of life.
Infrastructure improvement
Pluralism.
DISADVANTAGES OF GLOBALIZATION
Exploitation of Labor
Job Insecurity
Terrorism Activities
Pollution
Discourage for Local Industries
CONCLUSION
Pakistan needs to diversify its exports base and shift from primary
agricultural products to more value added and industrial products.