globalisation pros and cons

Globalisation

________ has resulted in increased trade among countries.

Globalization

________ has led to increased cultural exchange by making it easier for people to travel, communicate, migrate, share cultural products, and learn from each other.

Economic growth

________, foreign investment, more job opportunities, better markets created, technology transfer, improved productivity all of these are factors that lead to improved living standards.

China

Assembly: The components are shipped to ________, where they are assembled into the final product by Foxconn, a specialized manufacturing company.

Nestle

________: The Swiss food and beverage company is one of the largest in the world, and its products require significant amounts of resources such as water, cocoa, and coffee beans.

Amazon

________ is a digital platform that requires access to the internet to use.

garment industry

While the ________ has brought some benefits to Bangladesh, such as job opportunities and economic growth, the benefits have been unevenly distributed.

global restructuring

The layoffs were part of a(n) ________ plan that aimed to streamline the company's operations and cut costs.

IBM

________ began outsourcing its back- office operations to India, which involved transferring jobs from the United States to India.

Nike

________ has also invested in initiatives to promote job creation and economic development in countries such as China and Indonesia, including a program in Indonesia to train women in entrepreneurship and small business management.

Samsung

________: The South Korean electronics giant has factories that produce a wide range of products, including smartphones, TVs, and semiconductors.

ExxonMobil

________: The American oil and gas company has refineries and production facilities in several countries.

SAPs

________ contributed to the widening gap between developed and developing countries and that these policies were designed to benefit developed countries and multinational corporations at the expense of developing countries.

Cultural exchange

________ can also contribute to peace and security by promoting cross- cultural understanding and cooperation.

Ports

________ and airports: China has invested in the construction of the Gwadar ________ in Pakistan, which is strategically located on the Arabian Sea.

Toyota

________ has also invested in research and development (R & D) facilities in China, with the goal of developing new technologies and products that are tailored to the Chinese market.

Technology transfer

________ is the process by which knowledge, skills, and technologies are shared between countries or regions.

Consumerism

________: Globalisation has also led to the rise of ________, where people value material goods and consumption over traditional values and social connections.

Cultural imperialism

________: The dominance of Western culture has also led to the imposition of Western values and beliefs on other cultures, which can result in the erosion of local customs and traditions.

Coca Cola

________ has been criticized for not doing enough to reduce its plastic use and for not adequately addressing the plastic waste generated by its products.

India

________: Microsoft's monopoly has led to high prices of its software, making it difficult for many people in ________ to access technology and educational resources.

Ride sharing

________: The emergence of ride- sharing services like Uber and Lyft has disrupted the traditional automotive market, with consumers increasingly relying on these services for transportation instead of purchasing their own vehicles.

better transportation

Roads and railways: ________ for better connectivity.

Sovereignty

________: power a country has over its own government.

Globalization

________ allows companies to specialize in producing certain goods or services that they can produce more efficiently than others.

China

________ is investing in the construction of a high- speed railway between Jakarta and Bandung in Indonesia.

SAPs

________ often required developing countries to focus on exports rather than developing their own domestic industries, which resulted in an overreliance on exporting raw materials and a lack of economic diversification.

Cultural exchange

________ can also have economic benefits, as it can help to promote tourism, trade, and investment.

Amazon

________ is both a contributor to and a solution to the digital divide.

Toyota

________ has established several manufacturing facilities in China, including joint ventures with Chinese partners such as FAW Group and Guangzhou Automobile Group.

Globalization

________ has greatly facilitated technology transfer by increasing the flow of goods, services, people, and ideas across borders.

China

________ has been able to grow its economy rapidly by exporting goods to the United States, while the United States has been able to benefit from lower- cost goods and access to ________ growing consumer market.

Globalisation

________ has lead to reduction of trade barriers which has made it easier for foreign companies to compete with domestic companies.

Toyota

________ has been investing in China for several decades, with the goal of expanding its operations in one of the world's largest automotive markets.

Globalization

________ allows companies to access resources from different parts of the world.

Globalization

________ has also led to the development of open innovation models, where companies collaborate with partners and stakeholders to develop new products and technologies.

Globalization

________ can increase inequality within and between countries, as companies and workers in developed countries may benefit from ________, while those in developing countries may experience job losses and wage stagnation.

Globalization

________ has led to an increase in trade between countries, which has created new opportunities for companies to access markets and customers in other countries.

Globalization

________ has also led to an increase in foreign direct investment, where companies invest in other countries to establish new operations or acquire existing ones.

Globalization

________ has also led to lower production costs, which has made it easier for companies to enter new markets and compete with other companies.

case study

USA and CHINA

Component Manufacturing

Specialized suppliers in countries such as Japan, South Korea, and Taiwan produce components such as the screen, camera, processor, and memory