Definitions
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place.
How does globalization create job opportunities in developing countries?
Multinational corporations often invest in developing countries to establish factories and operations, creating local jobs.
Global companies frequently provide training and skill development, enhancing the workforce's capabilities and employability.
Positive effects of globalization on languages
It eases communication between different cultures therefore; we can understand each other other and trade with one another.
What are some pros of globalization? Include at least 3
TNCs are..
Transnational corporations (TNCs) are businesses that have a global reach. They are companies that operate in more than one country.
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main goal is to improve the welfare of people around the world by ensuring that trade flows as smoothly, predictably and freely as possible.
It is important as it operates a global system of trade rules, it acts as a forum for negotiating trade agreements, it settles trade disputes between its members and it supports the needs of developing countries.
How are minority languages negatively getting impacted by globalization?
As people are prioritizing major languages and emphasizing its importance, minor language such as Irish which is currently endangered will soon be abandoned...taking away all its history.
Some negative effects are...(include at least 4)
Supply Chain is
A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product
In what ways do social media platforms contribute to cultural globalization?
It provides a platform where people can share and learn about different cultural practices, beliefs and values
Why are some languages going extinct?
Some languages are going extinct as some people are preferring to learn more prestigious languages in order to gain social and economic advantages or to avoid discrimination
Positive consequences of TNCS (at least 2)
Global brands mean that people can access TNC products around the world.
Can help to develop workforce skills for particular goods and services.
TNCs can serve for good, for instance promoting sustainability and environmental issues.
High Income countries
Countries where most people earn a lot of money, and there are many opportunities for
good jobs, healthcare, and education.
What are the challenges that workers face in a globalized job market? (include about 3)
Increased competition from international labor markets can lead to job instability, as companies may outsource jobs to countries with lower labor costs.
Globalization can result in wage inequalities, where workers in developing countries may earn significantly less than their counterparts in developed nations, leading to exploitation.
In some regions, labor laws may be less stringent, leading to poor working conditions, long hours, and inadequate protections for workers.
Workers who migrate for job opportunities may face cultural barriers and discrimination, impacting their ability to integrate and succeed in the new environment.
In pursuit of lower production costs, some companies may neglect health and safety standards, putting workers at risk.
Enormous revenues
Diversity in sport participation
Negative consequences of TNCS (3)
Can serve the interests of richer countries over poorer countries.
Can potentially exploit cheaper workers with long working hours and difficult conditions.
Can have a negative environmental impact due to emissions and waste produced by different factories.
Developing Countries
Countries that are still growing and improving their economy, schools, and healthcare.
Explain in what ways do multinational corporations drive globalization through trade.
Multinational companies are companies that have business operations in at least one country other than its home country and generates revenue outside of its home country. They drive globalization through trade in many ways such as supply chains. They create complex supply chains that span multiple countries, sourcing materials and components globally to reduce costs and increase efficiency.They also allow for market expansion as they seek new markets for their products, leading to increased international trade as they enter and establish operations in different countries.
Negative effects on gaming
Increases antisocial behavior
Promotes violence
Addiction
Obesity
Positive impacts on gaming (3)
Allows people to connect with others.
Allows for people to collaborate and compete.
Creates social networks with others--- builds relationships & friendship.
Can help develop other skills such as hand-eye coordination and problem solving.
Increases revenues- job opportunities