Types of Globalization
Types of Globalization
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- Economic Globalization
It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross boarder movement of goods, services, technologies and capital.
It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross boarder movement of goods, services, technologies and capital.
Examples:
Examples:
• Trans-national trades are companies that extend beyond the borders of one country example of these are
• Trans-national trades are companies that extend beyond the borders of one country example of these are
Unilever and McDonalds
Unilever and McDonalds
• World Trade Organization is the only global international organization dealing with the rules of trade between nations. The WTO has 164 members and 24 observer governments.
• World Trade Organization is the only global international organization dealing with the rules of trade between nations. The WTO has 164 members and 24 observer governments.
• Foreign Direct Investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. In 2019, China and South Korea followed Singapore as the largest investors in the Philippines.
• Foreign Direct Investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. In 2019, China and South Korea followed Singapore as the largest investors in the Philippines.
2. Social Globalization
2. Social Globalization
It is a social transformation or process leading to the achievement of people-centered development. The human-centered development concept is offered as an alternative strategy to bring about a more equity development outcome.
It is a social transformation or process leading to the achievement of people-centered development. The human-centered development concept is offered as an alternative strategy to bring about a more equity development outcome.
Examples:
Examples:
• UN General Assembly
• UN General Assembly
• Partnership of International Development Programs
• Partnership of International Development Programs
• Social Integration, Gender Equity and access to Social Services
• Social Integration, Gender Equity and access to Social Services
• HIV/AIDS Awareness
• HIV/AIDS Awareness
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