GLOBALIZATION CAN BRING

DEVELOPMENT TO SOME OF
THE WORLD’S POOR
Group Members
What does Globalization Mean ?
• The simplest definition
• Bookish definition
 FREE TRADE
ENVIRONMENT

STRONG
CULTURAL
ECONOMY AND
HARMONY
EMPLOYMENT

IMPACTS OF
GLOBALISATION

POLITICAL HIGH STANDARD

GLOBALISATION OF LIVINGS
FREE TRADE ENVIRONMENT
STRONG ECONOMY AND EMPLOYMENT
HIGH STANDARD OF LIVINGS
POLITICAL GLOBALIZATION
CULTURAL HARMONY
Examples of Globalization
Effectiveness
 People’s Republic of Bangladesh

RMG INDUSTRIES PHARMACEUTICAL

INDUSTRIES

FOREIGN
LEATHER REMITTANCE
INDUSTRIES

TOURISM

TEA INDUSTRY
RMG INDUSTRIES
 LEATHER INDUSTRIES

• Greater Market for products

• Improved business relationship
• Quality Improvement due to competition
• Increased demand for product
• Improvement of foreign direct investment
• Share of skills
 TEA INDUSTRY

•Increase in export
•Achievement of economies of scale
•Increased capital
•Share of technologies
•Good business relationship among the countries
 PHARMACEUTICAL INDUSTRIES

•Increasing economic growth

•Increasing product exportation
 FOREIGN REMITTANCE

•Exchange of foreign currencies

•GDP Growth
 TOURISM

• Peaceful Relations among countries

• Employment opportunities
• Developed transportation and communication
• Free exchange of information
 People's Republic of China

Free Transformation
of Information
Trade and Technology

Migration FOREIGN
of People INVESTMENT
FREE TRADE
MIGRATION OF PEOPLE
TRANSFORMATION OF INFORMATION TECHNOLOGY
Foreign Investment
 Major Globalization Challenges
•Cultural Differences
•Stabilized security
•Resource Limitations and Supply Chains
•THE Problems of Governance
•Poverty
 POSITIVE IMPACTS

•More efficient markets

•Increased competition
•More wealth equality
•Technology
•Education
“We should keep on going along the path
of globalization. Globalization is good...
when trade stops, war comes.”
-Jack Ma