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theworldisbecomingmoreandmoreinterconnected

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neverbeforeinhumanhistoryhasthereexistedsuchanintenserelationship

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betweeninternationaltrade

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communicationandpoliticsthetermglobalizationisallaroundus

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sometimesasanopportunitysometimesasanewchallenge

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butwhatexactlydoesglobalizationmeanandwateritsramifications

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eventhoughthetermglobalizationisfrequentlyused

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itisnoteasytodefineonethingisclear:intoday'sworld

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economicenvironmentalsocialandpoliticalissuesandproblems

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arenolongerlimitedtothenationallevelbecausetheworldhasbecomeso

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interdependent

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reasonablegovernancecanonlyberealizedwithinbroadergroupof

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stakeholders

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forexamplestateconfederationsuchastheEuropeanUnion

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regionaleconomicorganizationsliketheOECD

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portableworld

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todaymoderncommunicationtechnologyandmassmedia

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likeradioTVphonesorinternet

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ourglobalstandardthismeansthatinformationcanbedistributedworldwide

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inrealtimeataffordablepricesforinstance

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theaveragepriceofatelephonecallfromNewYorktoLondon

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hasdecreasedby99percentsincenineteenthirty

1:24

did

1:28

internationalTVbroadcastersdeliverinformation

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opinionsandculturalproductsthemostremoteareas

1:38

thecostfortransportationofproductsandpersonstrappedby65percentsince

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nineteenthirty

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duetolowfuelpricesandthedevelopmentofnewmeansof

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transportation

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inparticularcontainershippingairfreightcostshavedroppedevenmore

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eighty-eightpercenton

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thefreightchargespertonofcoffeedeliveredfromAsiatoEurope

2:00

onlycountsforonepercentpriceon

2:05

suchdevelopmentsaretheresultoftechnologicaladvancements

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buttherearesomeaspectswhichwereintroducedpurposefullyaswell

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sincethenineteeneightiestherichermoreindustrializedcountrieswork

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towardsremovingtradebarriers

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suchastariffsimportquotasandfans

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worldwidefirstnewtechnologies

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decreasingtransportationcostsandtheliberalizationofinternationaltrade

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hasmadeitpossibleandprofitableformajorcompaniestoproduceandsell

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worldwidelet'stakeaglanceatthethreemainareasofglobalization

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theeconomicsphereisaparticularimportance

2:46

itisamajorcatalystforglobalization

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gainconsiderableadvantagefromtheirintegrationintotheworldeconomy

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theycanbuilduptheirfactorieswithforeigndirectinvestmentin

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infrastructure

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andselltheirproductsinternationallyduetothelowwagesinthesecountries

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theseproductsareverycompetitiveontheworldmarket

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Chinarepresentsaperfectexample

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howbroaderpopulationcanbenefittoit'sfasteconomicgrowth

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hasenabled$500millionchinesetoleaveextremepoverty

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ontheotherhand

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theirwholeregionswhoaresufferingmorethanthey'rebenefitingfrom

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globalisation

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thisisparticularlytrueformostsub-saharanAfricancountries

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suchcountriesarenotpreparedtofishinLi

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forTitaninternationalcompetitionthecheapproductsproducedbyindustrial

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anewlyindustrialisedcountriesbutthelocalmarketsanddestroylocal

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productionfacilities

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moreoverthesecountriesarenotattractiveforforeigninvestors

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thustheycannotwalkthesamerouteasthenewlyindustrializedcountries

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onglobalizationisboth

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threatanopportunityforindustrializedcountriesontheonehand

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theycanacquirenewmarketsfortheirindustrialgoodsontheotherhand

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they'refacingthecompetitionnewlyindustrializedcountries

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thecanproduceatlowercostsspecifically

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productionofsimplegoodisnolongerprofitableveryfewproducts

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liketextilestoysarewhitegoodspurcellproducedinindustrialized

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countries

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up

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onitbecomesclear

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iflocalizationtakesplaceatmanyareassuchaspolitics

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cultureandtheeconomydecliningcostsoftransportandcommunication

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andthegloball

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