Globalization What Is Globalization? Globalization is the spread of products, technology, information, and jobs across nations. globalization is about the world becoming increasingly interconnected or the connection of different parts of the world In economic terms, it describes an interdependence of nations around the globe through free trade. (Globalization in economic term ay ang pagtutulungan ng mga bansa sa pamamagitan ng free trade agreement) (Ano nga ba ang free trade agreement na tinatawag?) What Is a Free Trade Agreement (FTA)? A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. ( isa itong agreement ng dalawang bansa upang mabawasan ang kanilang barriers para madali silang mag imports and exports sa isat isa.) In a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange. (sabi dito, under free trade policy, mababa lang ang government tariffs or taxes sa pag exchange ng goods internationaly) Examples of globalization: Trade The exchange of goods and services between nations Media & Entertainment Media and entertainment such as movies and magazines are commonly distributed in multiple countries. (example dito is yung Netflix, it was originated in Califonia United State and through globalization ang daming pinoy na ang gumagamit nito.) THE RISE AND ORIGIN OF GLOBALIZATION . Globalization has a long history; it appeared when the European big economic powers occupied Asia, Africa, and America. By 1700, European capital invested in trading companies traveled regularly to Asia on ships in order to secure goods produced on commission for sale and resale within Asian markets, with the goal of returning to Europe with cargo of sufficient value to generate substantial profits for investors. Kumbaga yung mga european ay nag tratravel sa asia at duon sila nag proproduce ng goods dahil mura ng ang production cost at raw materials https://www.sas.upenn.edu/~dludden/global1.htm Traders traveled vast distances in ancient times to buy goods that were rare and expensive for sale in their homelands. (nuong unang panahon ang mga traders ay pumupunta sa malalayong lugar from china to America para lang bumili o mag benta ng goods, so example yun ng globalization) Globalization accelerated in the 19th century during the industrial revolution. . The Industrial Revolution brought advances in transportation and communication in the 19th century na nagpadali sa pag trade ng goods around the world. As the factories became established, more companies used lands for their production and investment, replacing and selling goods with each other Food is also one of the important factors of globalization Example of food industry globalization is McDonald’s, originated from USA and through globalization there are now 35,000 locations around the world Conclusion Globalization has made the world as a small village, and it tends to go further, like wiping all borders among countries and also remove all economic restrictions
