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Cultural Hybridization

_______ is the mixture or the intermarrying of arts, music and literature between and among countries

between

Global trade refers to the buying and selling of goods and services _____ a certain country

cultural

Adoption/fusion of ASEAN food, fashion, and beliefs are examples of ____ globalization in the region

Ideological

The spread of freedom, democracy, individual rights, among others, is a form of ______ advancement

Technology

_______ as a dimension of globalization involves the transfer of knowledge in relation to tools, equipment and other means of communication

disadvantages

Digital divide is one of the ______ of technological Globalization

Cultural

______ dimension of globalization is shared across borders through entertainment, food, and language, among others

protection

Green Technology Sharing (GTS) is an eco-friendly technology that contributes to environmental ________

developing/developed

Access to advanced technologies by ____ countries from _____ countries enables the former to modernize and improve its economy

Heterogenization

________ of culture refers to global culture blending with local culture to create something new

Degradation

Emission of toxic chemicals contribute to environmental ______

Globalization

_______ refers to the increasing interconnectedness of counties through trade, communication, migration, and technology

Economic Globalization

________ refers to the increasing interdependence of national economies through the growth of cross-border trade, the movement of global financial capital and markets, among others.

Technological

E-commerce which allows companies to expand their operations globally, i.e., access and purchase of products is a _____ dimension of globalization

Trade policies

_______ refer to set of laws and regulations that govern international trade and economic agreements between countries, define how goods and services move across borders, influencing pricing and supply chains.

Preservation

_______ of one’s cultural identity is one way to balance globalization

Industrialization and urbanization

The rapid _______ brought about by globalization have raised environmental concerns such as environmental degradation, pollution, and resource depletion

replacement

Homogenization of culture refers to the ______ and integration of a foreign culture into the local culture

Technological

______ dimension of globalization facilitates the transfer of technology and knowledge in information and communication technologies (ICT) that enables developing countries to modernize their industries and improve productivity

multiple

In a diversified market, countries rely heavily on _____ commodity, sector and product.

• sets/enforce trade rules

• monitors trade policies

• provides platform for negotiations/disputes

• offers technical assistance to developing countries

Four (4) key roles of the World Trade Organization

• International network

• Operate in many tongues

• Have complex structures

• Contribute to host countries’ treasuries

Four (4) key features and/or characteristics of MNCs

• Operational

• Professional

• Project

• Process

• IT

• Logistics

Six (6) types of outsourcing practices/methods

Environmental Globalization

Green Technology Sharing

Economic Globalization

Foreign Direct Investment

Economic Globalization

Subsidy

Economic Globalization

World Trade Organization

Economic Globalization

Multinational Corporations

Political Globalization

Loss of National Sovereignty

Ideological Globalization

Human rights, freedom, capitalism, consumerism

Technological Globalization

Digital Communication

Technological Globalization

E-commerce

Political Globalization

Global Citizenship

Technological Globalization

Phishing

Technological Globalization

Telemedicine

Economic Globalization

Tariffs

Cultural Globalization

Homogenization of Culture

Economic globalization

IT Outsourcing

Economic: inequality, job losses
Cultural: homogenization, erosion of traditions
Political: loss of sovereignty, dominance of powerful nations
Technological: digital divide, cybersecurity risks
Environmental: degradation, injustice
Ideological: conflict with local values, ideological debates

Identify 6 dimensions of globalization and give 2 disadvantages for each

Allows and promotes global connectivity, faster trade, remote work, and e-commerce growth.

Impact of digital communication to economic development

Reduces costs, improves efficiency, helps operations by streamlining tasks, boosts productivity, and flexibility

Why outsourcing?

IT - firms hire external providers for software development and other app-related supports.

One outsourcing type and explain