what are the positive and negative effects of globalization on different cultural groups?
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Globalization from the point of view has positive effects as well as negative effects. It has increased the access of higher education example universities and reducing the knowledge gap in developing countries, it equally has negative aspects which can seriously threaten universities in those countries.
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In geography, globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive process by which exchanges and flows between different parts of the world are intensified.
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['Free Trade.', 'Liberalization.', 'Connectivity.', 'Economic globalization.', 'Cultural globalization.', 'Political globalisation.', 'Opportunity.', 'Learning.']
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Some of the consequences and impacts of globalization are: exposure of domestic agriculture to international competition, growth of non-agricultural sector and its impact on demand for agricultural products, urban middle class life style changes including diets, rising food imports in developing countries, ...
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Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.
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['ADVANTAGES OF GLOBALIZATION TO DEVELOPING COUNTRIES: ... ', 'Increased Employment and better living standards: ... ', 'Improved Wages for Local Community: ... ', 'Increased Financial Flow: ... ', 'DANGERS OF GLOBALIZATION TO DEVELOPING COUNTRIES: ... ', 'Dumping: ... ', 'Threat to Local Industries:']
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Another significant impact of globalization on human resource development is the necessity to consider cultural differences, both in and out of the workplace. Businesses tend to have their own corporate cultures or ways of operating, but there are societal and cultural differences between people as well.
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Globalization and cultural leveling are related because globalization is the development of economics and social relationship. Cultural leveling is when nations become more and more alike. ... Ethnocentrism tends to encourage discrimination because it makes your culture superior to other cultures.
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Factors influencing Globalization are as follows: (1) Historical (2) Economy (3) Resources and Markets (4) Production Issues (5) Political (6) Industrial Organisation (7) Technologies. Globalisation though is basically an economic activity, is influenced by many factors.
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Globalization also increases the U.S. economy's exposure to foreign shocks. An economic slowdown in Europe or Asia, for example, has a bigger effect on the U.S. economy now than it did when exports and imports were smaller relative to GDP.
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The positive effects of globalization to the Nigerian economy include: 1) Increased specialization and efficiency 2) Better quality of products at reduced price 3) Economics of scale in production 4) Competitiveness and increased output 5) Technological improvement and increased managerial capabilities.
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In politics scope, globalization has had many negative and positive consequences such as; increase power and liberty of nations, groups and nongovernmental parties, expand of new political culture, weaken and washy of the role and hegemony of states in illegitimate controlling of nations, change and redefinition of ...
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['Globalization fuels inequality. Globalization makes the rich richer and the poor poorer. ... ', 'Globalization leads to reduced public revenues. ... ', 'Globalization destroys the environment. ... ', 'Globalization leaves us vulnerable to infectious diseases. ... ', 'Globalization creates a race to the bottom.']
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Globalization as the process of intensification of economic, political, social and cultural relations across international boundaries aimed at the transcendental homogenization of political and socioeconomic theory across the globe, impacts significantly on African states through systematic restructuring of interactive ...
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Some of the intense effects of globalization can be seen on rural communities, both in developed and developing countries. Corporate globalization has impacted the rural communities in several ways. These impacts can be categorized into economic, social, political, environmental, and cultural.
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Globalization Benefits World Economies Technological Innovation: Increased competition from globalization helps stimulate new technology development, particularly with the growth in FDI, which helps improve economic output by making processes more efficient.
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There are a range of influences on the manufacturing industry due to the effects of globalization. All global manufacturers, their supply chains and even end-users are impacted by free trade agreements, environmental issues and the demands of responsible sourcing.