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Globalization - Coggle Diagram

- - - - • Larger markets for exports
      - • Access to cheaper labor & resources
      - • Increased efficiency through global competition
      - • Growth of high-tech and service sectors
      - • Cultural diversity
  - - - • Job losses in manufacturing (outsourcing)
      - • Income inequality
      - • Pressure on wages
      - • Increased vulnerability to global economic crises
      - • Cultural homogenization
  - - - • Larger markets for exports
      - • Access to cheaper labor & resources
      - • Increased efficiency through global competition
      - • Growth of high-tech and service sectors
      - • Cultural diversity
  - - - • Exploitation of labor
      - • Environmental degradation
      - • Over-dependence on foreign companies
      - • Local businesses struggling to compete
      - • Widening income gap between skilled and unskilled workers
- - - - Technology
        
        • Faster communication (Internet, smartphones)
        
        • Affordable transportation
        
        • Digital platforms connecting markets
    - - Trade liberalization
        
        • Lower tariffs & trade barriers
        
        • Free trade agreements
        
        • Open markets
      - Multinational Corporations
        
        • Expansion into global markets
        • Outsourcing & global supply chains
      - Capital Flows
        
        • Foreign direct investment (FDI)
        • Global financial markets
    - - • International organizations (WTO, IMF, UN)
        • Global regulatory frameworks
    - - • Media, entertainment, education
        • Tourism and migration