PRESENTATION OUTLINE
Globalization: The connection of different parts of the world resulting in the expansion of international cultural, economic and political activity.
In other words- the world is getting smaller
globalization in history: The Silk Road, a trade route between China and the Mediterranean Sea, promoted the exchange of ideas and knowledge, along with trade goods and foods such as silk, spices, porcelain, and other treasures from the East.
🌎economical
communication:About 60 percent of the people in the world now use cell phones. A farmer in Nigeria can easily talk to his cousin who moved to New York City, New York. The success of global news networks like CNN have also contributed to globalization. People all over the world can see the same news 24 hours a day.
🌎economical
travel: Travel and tourism have made people more familiar with other cultures. Travelers are exposed to new ideas about food, which may change what they buy at the store at home. They are exposed to ideas about goods and services, which may increase demand for a specific product that may not be available at home.
🌎cultural
pop culture: India, for instance, has a thriving film industry, nicknamed “Bollywood.” Bollywood movies are popular both in India and with the huge population of Indians living abroad. In fact, some Bollywood movies do much better in the United States or the United Kingdom than they do in India.
🌎cultural
economy: Most large corporations operate in many countries around the world. HSBC, the world’s largest bank, has offices in 88 different countries
🌎economic
