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GLOBALIZATION

GLOBALIZATION. Multimedia English Projects – Biljana Mihajlović. Definition. Globalization is the process of interaction and integration among people, companies, and governments worldwide Globalization is an economic concept Many positive and negative impacts. Economic Globalization.

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GLOBALIZATION

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  1. Lingva-Valjevo GLOBALIZATION Multimedia English Projects – Biljana Mihajlović

  2. Lingva-Valjevo Definition • Globalization is the process of interaction and integration among people, companies, and governments worldwide • Globalization is an economic concept • Many positive and negative impacts

  3. Lingva-Valjevo EconomicGlobalization • Economic globalization refers to the mobility of people, capital, technology, goods and services internationally. • It is also about how integrated countries are in the global economy. • In the eighteen century in the world economy generally, people and capital crossed borders with ease, but not goods. In this century, people did not cross borders easily, but technologies, capital and goods did.

  4. Lingva-Valjevo Globalization - Benefits • 1. Free trade • 2. Free movement of labour • 3. Increased economies of scale • 4. Greater competition • 5. Increased investment

  5. Lingva-Valjevo Negative effects ofGlobalization • 1. Environmental Damage • 2. Fluctuation in prices • 3. Job insecurity • 4. Rise in terrorism and criminal activities • 5. Cultural Deterioration

  6. Lingva-Valjevo Impact ofGlobalization

  7. Lingva-Valjevo Impact of Globalization in Serbia • FOREIGN INVESTMENTS • HisenseGorenje • Positive effect – increase employment • - increase GDP • In 2017 - Serbia was in top 15 countries in Europe by foreign direct investments

  8. Lingva-Valjevo Impact of Globalization in Serbia • TECHNOLOGY DEVELOPMENT • Fast and easy trade • Order goods by mail, phone , applications… • Easy and simple payment • Fast and safe deliveries

  9. Lingva-Valjevo A Photo Credits • https://www.economicshelp.org/trade2/globalisation_uk_economy/ • https://opinionfront.com/negative-effects-of-globalization • https://piie.com/microsites/globalization/what-is-globalization.html#group-effects-nCR917Bvfg

  10. Lingva-Valjevo THANK YOU • FOR YOUR ATTENTION

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