Case: What are the effects of globalization?

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Effects x Results

30-11-2021 394 views 0

What are the effects of globalization?

Look at the following video and get to know more about the effects of globalization and the results of these effects!

Globalization is defined as the increasing interdependence and interconnectedness between people and countries. It is related to opening of international borders to allow flow of goods, people and ideas and the relevant changes in policies at national and international levels to facilitate and enhance such flow.

Globalization has led to growing scale of cross-border trade, increase in flow of capital and fast spread of technology.

In this video, we will look at the impacts of globalization.
Please make notes while watching the video. You are definitely going to need them while answering the questions!

Tags:

economical | globalization

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Assignments for students

1.1 Explain in your own words the following terms:

- “cross-border trade”
- “occupation”
- ”implemented”
- “affordable”
- “unequal wealth distribution”
- “emission”
- “harmful”
- “homogenized”

1.2 In the video, four effects of globalization are mentioned. Recall these effects and list them.

2.1 The first positive effect of globalization mentioned in the video is the contribution to increase of trade and economic activity. Explain in your own words the result of this positive effect.

2.2 What do countries (in general) need to do to increase of trade and economic activity?

2.3 The second positive effect of globalization mentioned in the video is the reduction of costs. What is the result of this effect?

2.4 The third positive effect of globalization mentioned in the video is migration. What is the consequence of this effect?

2.5 What has accelerated the globalization in the past 20 years?

2.6 In the video 3 negative effects have been mentioned, namely:

unequal wealth distribution
increased emissions of harmful gases
homogenized culture

What are the consequences of these 3 effects?

3.1 You have seen different effects of globalization. And you have discovered what the results and consequences are of these effects.

Describe how these effects influence the economy and society of The Netherlands.

3.2 Describe how these effects influence the economy and society of non-European country.

Core assignments for students

Discover whether you master the essence of this case by completing the corresponding core assignments. If necessary, you can share your answers with your teacher or supervisor.

What are the effects of globalization?

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Walter Baart

International Business Studies | Editorial member