Globalization - Mind Map

Globalization

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Globalization is a word that essentially expresses how international trade, investment and technology creates a more connected world. In relation to interaction, integration and innovation, this entire process has effects on almost every aspect of the world. This includes the environment, culture, political systems, economic development, even the well-being of humans.

interaction

integration

more connected world

technology

international trade^

effects on all aspects

Positive Impacts

increases cultural awareness

example: chai

increases access to goods and services

example: McDonald's

can lift people out of poverty

example: Vietnam

Negative Impacts

environmental concerns

example: emissions

lack of local businesses

example: grocery stores

unequal economic growth

example: wage inequality

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