Question

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In the twenty-first century, the world is one big global economy that has a tremendous effect of the lives of billions of people every day. Globalization has supporters and critics, each group presenting valid arguments to demonstrate their position.
Question:
What does globalization look like from your perspective? After reading through the class slides, write below THREE main points you found notable in the lesson. If you were teaching this lesson, what would you want your
students to learn and remember?

Answer 1

Globalization involves the integration of worldwide economic activities and has both pros and cons. Three main points about globalization include its economic motives, the influence of multinational companies, and its effects on local markets and communities. It's important for students to critically evaluate both sides to understand globalization holistically.

Step-by-step explanation:

Understanding Globalization in the 21st Century

Globalization can be defined as the process that involves the integration of governments, cultures, and financial markets through international trade into a cohesive world market. This phenomenon has been a significant force shaping our modern society and the global economy, leading to interconnectedness and interdependence among nations.

There are several notable points about globalization from the class material:

1. Globalization is driven by economic activities that capitalize on technological advancements, enabling the free flow of goods, services, and capital across borders.
2. While globalization provides opportunities for growth and expansion, it also brings challenges, such as the possibility of multinational corporations gaining excessive influence over political decisions.
3. The economic impact of globalization over the past decade includes the increased presence of global corporations in local communities, often leading to concerns about their profit-centric interests and their effects on local markets, labor, and resources.

As an educator, it's crucial to convey both the pros and cons of globalization to students. They should understand that while globalization can lead to economic development and cultural exchange, it may also result in challenges such as economic disparities and loss of cultural identity. It is this dual nature of globalization that students should appreciate and critically think about.

Moreover, students should be encouraged to consider how globalization could be managed to balance economic growth with social and environmental responsibility.