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Dimensions of Globalization - ICT, images (4), images (5), images (6),…
Dimensions of Globalization - ICT
Economic
TNCs and suppliers
Just in time technology means that businesses order the exact amount of product needed from suppliers, this reduces waste and cost
Monitoring the supply chain is enabled with globalization
Money markets
Allows for international trade and facilitates flows of capital
Online trading and giving
Globalization accommodates faster flows of money
Online trading encourages worldwide trade between different countries.
Mobile banking
Mobile banking such as M-Pesa has spread throughout India and Africa
In rural areas farmers use mobiles to check market prices before selling their product
Social
Social media
Social media encourages online communication, this can happen globally and therefore influences globalization and flows of culture
Social media can also advertise things, this encourages internatnional trade and flows of products and services.
Natural hazard mitigation
People can be warned in advance about natural disasters via automatic mobile alerting technology
Migration
Migration has become much easier in last century due to
Advances in transport making physically travelling abroad easier
Advances in communication technology meaning that people can plan in advance migration easier
Flows of information accommodated by the internet make migration easier.
MIgration encourages flows of cultures and products.
Migration can also influence places, making them more interconnected and exposing them to global cultures.
Cultural
Cultural diffusion
Cultural diffusion is the spreading out and merging of pieces from different cultures. These different cultures all have many diverse types of food, clothing and even languages that people love and enjoy every day.
Cultural imperialism
the imposition by one usually politically or economically dominant community of various aspects of its own culture onto another nondominant community.
World subcultures
A cultural group within a larger culture, often having beliefs or interests at variance with those of the larger culture.
Political
Multi-governmental organisations
Multi governmental organisations are organisations such as the European Union which include multiple governments.
Multi governmental organisation often have trade, military and migration agreements. This helps to encourage flows of products, people, services and cultures.
Members of multigovernmental organisation often have to follow specific entry criteria to take part. This helps to solve global problems
IT enables members of multi govermental organisations
Democratic movement
Democratic movemnets can encourage governmental change, which can in turn influence the dimensions of globalisation
IT allows for movements to be spread quickly over social media.
