CW: Lesson 1: Introduction to Globalization

Globalization

A multifaceted process that increases interconnectedness and interdependence of economies, societies, cultures, and nations worldwide.

Economic Integration

The increased flow of goods, capital, and services across borders, leading to multinational corporations and global supply chains.

Technological Advancements

Innovations in communication and information technologies, particularly the internet, that facilitate real-time global communication and information sharing.

Cultural Exchange

The sharing of cultural ideas, practices, and values across borders, which can enhance understanding but also risk cultural homogenization.

Migration and Mobility

The increased ease of travel and communication that allows people to move across borders for various reasons, creating multicultural societies.

Global Challenges

Issues like climate change and public health that require international cooperation due to their transnational nature.

Economic Growth

The positive impact of globalization that allows countries to specialize and trade, leading to overall economic development.

Access to Information

The democratization of information through the internet, providing global access to knowledge and educational resources.

Cultural Enrichment

The broadening of perspectives and understanding through exposure to diverse cultures and ideas.

Inequality

The uneven distribution of globalization's benefits, leading to economic or cultural marginalization for some groups or regions.

Cultural Homogenization

The concern over the loss of unique cultural identities due to the influence of global media and consumerism.

Environmental Impact

The negative consequences of increased movement of goods and people, contributing to issues like carbon emissions and resource depletion.