Here are some of the things that we had learnt through our pre-cluster session as well our one-hour cluster lesson based on the module regarding globalisation!
What is Globalisation?
> the word comes from “globe”
> means the worldwide coming together of countries and nations
3 driving factors
What are some main reasons for globalisation?
– Technological Advancements
Advances in technology such as mobile phones, telephones and the internet > made the growth of transportation and communication possible > exchange of information and goods can be done quickly in a less complicated way
– Developments in Transportation
Development of airplanes, lorries, ships etc. > allows the exchange of information and goods to be done quickly in a less complicated way
– Growth of Multi National Corporations (MNCs)
Technical, cultural and economic developments that have come about through globalisation > multi-national corporations (very large corporations) can sell and produce goods and services worldwide in various countries > competition for local companies > world grows closer together > active exchange of goods between countries
The four terms regarding Globalisation
What does the terms “glocolisation”, “globalisation”, “homogenisation” and “cultural hybridisation” mean?
1. Globalisation: the process of companies moving to global countries for profit or other reasons, often spreading local culture along the way
2. Homogenisation: reduction in local culture because of globalisation/ 5eprocess of things becoming uniform
3. Cultural hybridisation: the process of blending things of different cultures (foreign and local culture) into one and produces new cultural products
4. Glocolisation: integrating both concepts of global and local aspects of something into one/ taking them into consideration
Impacts
What are some positive and negative impacts of globalisation?
Positive impacts:
– makes business management easier and efficient for the company
– allows the world to come together
– the world grows closer and there is an active exchange of goods, services, knowledge, cultural goods and languages
– more affordable products for more people
– growth of transport and communication networks possible
– exchange of goods in a less complicated way
Negative impacts:
– more production to economically disadvantaged countries > locals have more jobs > less money
– ^ people in industrialised countries lose jobs
-climate change > more airplanes, ships, lorries etc. > more carbon dioxide emitted into the air > global warming
Summary: Globalisation is neither good or bad as it has its pros and cons
109 Group 2 