A Historical and Economic Perspective
Welcome to our presentation on Globalisation. We'll explore its history and economic impact.
Preeti (Roll No. 21), Radhika (Roll No. 22), Raghav (Roll No. 23), Ravi (Roll No. 24), Ridhima (Roll No. 25)
Maharaja Hari Singh DAV Cent. Public School, Akhnoor
Social Science
Globalisation refers to the increasing interconnectedness and interdependence of countries through trade, investment, migration, and culture.
It represents the integration of economies and societies across national borders.
Facilitates the flow of goods, services, capital, information, and people.
Driven by technological advancements, reduced trade barriers, and policy changes.
Early forms of globalisation can be traced back to ancient trade routes like the Silk Road.
The Age of Exploration (15th-17th centuries) led to increased global interactions and colonialism.
The Industrial Revolution (18th-19th centuries) fostered mass production and international trade.
The 20th century witnessed significant advancements in communication and transportation, accelerating globalisation.
Increased international trade leads to specialization, efficiency, and economic growth.
Foreign Direct Investment (FDI) promotes capital flow and technology transfer.
Global financial markets facilitate capital movements and investment opportunities.
Multinational corporations (MNCs) play a significant role in global production and distribution.
The internet, mobile phones, and social media have revolutionized communication and information sharing.
Advancements in transportation, such as container ships and air travel, have reduced transportation costs and time.
Automation and artificial intelligence are transforming global production processes.
E-commerce has expanded international trade opportunities for businesses of all sizes.
Globalisation can lead to increased economic growth through trade and investment.
It can create new job opportunities in export-oriented industries and service sectors.
Globalisation has the potential to reduce poverty by creating economic opportunities.
It fosters cultural exchange and understanding between different societies.
Globalisation can exacerbate income inequality between and within countries.
It can lead to job displacement in industries facing international competition.
Globalisation can contribute to environmental degradation through increased production and consumption.
It may lead to cultural homogenization and the loss of local traditions.
Globalisation provides developing countries with access to larger markets for their goods and services.
It can attract foreign investment, which can boost economic development.
Globalisation facilitates the transfer of technology and know-how to developing countries.
Developing countries may be vulnerable to economic shocks and fluctuations in global markets.
Promotes free trade and resolves trade disputes among countries.
Provides financial assistance and policy advice to countries facing economic difficulties.
Offers loans and grants to developing countries for development projects.
These organizations face criticism for their policies and impact on developing countries.
Globalisation raises questions about the role of national sovereignty in a globalized world.
It calls for greater cooperation and coordination among countries to address global challenges.
The importance of international law and institutions is increasing.
Globalisation has led to the rise of transnational political activism and advocacy groups.
Technological advancements will continue to shape the future of globalisation.
Geopolitical shifts and trade wars can disrupt global trade and investment flows.
The need for sustainable development and environmental protection is becoming increasingly important.
Increased regional integration and trade agreements.
The 1991 economic reforms in India liberalized the economy and opened it up to foreign investment.
The IT sector has been a major beneficiary of globalisation.
India's trade with other countries has increased significantly.
Challenges remain in terms of income inequality and environmental sustainability.
Global supply chains involve complex networks of suppliers and manufacturers across multiple countries.
They aim to optimize efficiency and reduce production costs.
The production of an iPhone involves suppliers from all over the world and final assembly in China.
Supply chains are vulnerable to disruptions such as natural disasters and political instability.
Globalisation is a complex and multifaceted phenomenon with both positive and negative impacts.
It is an ongoing process that will continue to shape the world in the years to come.
Requires careful management and policy interventions to maximize its benefits and mitigate its risks.
Understanding globalisation is crucial for navigating the challenges and opportunities of the 21st century.
Thank you for your attention!
Preeti, Radhika, Raghav, Ravi, Ridhima
Maharaja Hari Singh DAV Cent. Public School, Akhnoor
Any questions are welcome.