Globalization explained (explainity® explainer video)

explainitychannel

11 Jul 201304:18

Summary

TLDRThe video script delves into the complexities of globalization, highlighting its impact on communication, trade, and cultural exchange. It illustrates how technological advancements have facilitated the exchange of goods and services, leading to increased competition and affordability. However, it also points out the downsides, such as job displacement, low wages in developing countries, and environmental concerns like climate change. The script concludes by emphasizing that globalization is neutral, with its effects depending on how humanity manages the associated opportunities and challenges.

Takeaways

🌐 Globalization is the worldwide coming together of countries and nations, facilitated by advances in technology like mobile phones, airplanes, telephones, and the Internet.
📈 It allows for quicker and less complicated exchange of information and goods among people and countries.
🏭 Companies can now manufacture products in different countries and offer them in markets where they face competition from local firms.
💡 The script uses the example of television manufacturing companies to illustrate how globalization affects competition and pricing.
💼 Globalization leads to job losses in industrialized countries as companies move production to economically disadvantaged countries to cut costs.
🌳 There are negative environmental impacts of globalization, such as increased carbon dioxide emissions due to international transportation of goods.
💼 Workers in economically disadvantaged countries often work for less money and may lack sufficient social and health insurance.
🛑 Ecological problems like climate change are exacerbated by globalization, as environmental standards are sometimes ignored in the pursuit of lower costs.
🔄 Not only goods but also services, knowledge, cultural goods, and languages are exchanged due to globalization.
🔄 The script suggests that globalization has both positive and negative effects, and its impact depends on how people manage the new possibilities it presents.
🔮 The future of globalization is uncertain, with a continuous growth of interconnected positive and negative effects.

Q & A

What is globalization and how does it relate to technological advancements?
-Globalization is the worldwide coming together of countries and nations, facilitated by advances in technology such as mobile phones, aeroplanes, telephones, and the Internet, which have made the exchange of information and goods quicker and less complicated.
How does globalization affect companies that manufacture products in their home countries?
-Globalization exposes companies to international competition, as they may now face rivals from other countries that can offer products at lower prices due to different production conditions.
What is an example of how globalization can impact local companies?
-The script mentions companies like Profile Vie and Super Color, which produce televisions in Country A and face competition from a company in Country B that can sell televisions at a lower price due to lower production costs.
How does the exchange of goods between countries through globalization benefit consumers?
-Consumers benefit from globalization as it leads to a more active exchange of goods, making more affordable products available to a larger number of people.
What are some of the services, knowledge, and cultural goods that are exchanged along with products due to globalization?
-Besides products, globalization facilitates the exchange of services, knowledge, cultural goods, and even languages, all of which are closely linked and influence each other.
What are some negative consequences of globalization mentioned in the script?
-Negative consequences of globalization include job losses in industrialized countries as production moves to economically disadvantaged countries, poor working conditions and low wages in these countries, and ecological problems such as climate change due to increased carbon dioxide emissions from transportation.
How does the relocation of production to economically disadvantaged countries affect the local population?
-While it creates job opportunities, many locals in these countries often work for very little money compared to those in industrialized countries, and they may not have sufficient social or health insurance coverage.
What is the main cause of global warming mentioned in the script?
-The script identifies the release of carbon dioxide into the atmosphere, primarily from the use of aeroplanes, ships, and lorries to transport goods over international borders, as the main cause of global warming.
Why might companies ignore national environmental standards?
-Companies might ignore national environmental standards to reduce costs in the worldwide international site competition, aiming to remain attractive for investment and operation.
What is the script's perspective on the inherent nature of globalization?
-The script suggests that globalization itself is neither inherently good nor bad; it depends on how people deal with the new possibilities it presents in the future.
What does the script imply about the future of globalization and its impact on various aspects of life?
-The script implies that the chain of positive and negative effects of globalization will continue to grow, affecting almost all aspects of life, and it is important for people to be aware of this and manage it responsibly.

Outlines

00:00

🌐 Understanding Globalization

The script begins by introducing globalization as a complex topic shaped by technological advances such as mobile phones, airplanes, telephones, and the Internet. These advancements have facilitated rapid and less complicated exchange of information and goods among people and countries. The term 'globalization' signifies the worldwide integration of nations, exemplified by companies like 'Vie and Super Color' which produce televisions in Country A. The script explains how globalization has led to competition from companies in Country B that can offer products at lower prices due to different production conditions, thus forcing local companies to adapt. It also touches on the broader implications of globalization, including the exchange of services, knowledge, cultural goods, and languages, and the interplay of positive and negative effects such as job displacement in industrialized countries and the opening of job opportunities in economically disadvantaged countries. The script concludes by highlighting the ecological challenges of globalization, such as climate change due to increased carbon dioxide emissions from international transportation, and the need for a balanced approach to harness the benefits while mitigating the drawbacks.

Mindmap

Keywords

💡Globalization

Globalization refers to the process of increased interconnectedness and interdependence among countries, facilitated by advances in technology, transportation, and communication. It is the main theme of the video, illustrating how it allows for the exchange of goods, services, and information across borders, leading to a more integrated global economy. The script mentions globalization as the driving force behind companies like 'profile vie and super color' being able to compete in the market by producing televisions in different countries.

💡Technology

Technology is a broad concept that encompasses the tools, systems, and methods used in the creation and processing of goods and services. In the context of the video, technology is highlighted as a key factor in the advancement of globalization, with examples such as mobile phones, aeroplanes, telephones, and the Internet making it easier for people and countries to exchange information and goods.

💡Competition

Competition is the rivalry among businesses striving to achieve a greater share of the market. The script uses the example of two companies, 'profile vie' and 'super color,' which are in direct competition with each other, to show how globalization can affect local industries and force companies to adapt to new market conditions, such as lower-priced products from other countries.

💡Economic Disadvantaged Country

An economically disadvantaged country is one that has lower economic strength and development compared to others. The video script discusses how globalization can lead to companies moving production to these countries to take advantage of lower costs, which can result in job losses in industrialized countries but also create job opportunities in the disadvantaged ones.

💡Cultural Exchange

Cultural exchange is the process of sharing and adopting cultural aspects, such as language, customs, and traditions, between different societies. The video mentions that not only goods but also services, knowledge, and cultural goods are exchanged due to globalization, indicating the broad impact of this process on various aspects of life.

💡Services

Services are non-physical intangible activities performed for a beneficiary. The script highlights that globalization facilitates the exchange of services along with goods, suggesting that the impact of globalization extends beyond physical products to include knowledge, expertise, and other intangible offerings.

💡Ecological Problems

Ecological problems refer to issues related to the environment and its conservation. The video script points out that globalization can lead to ecological problems such as climate change due to increased transportation of goods internationally, which contributes to the release of carbon dioxide and global warming.

💡Carbon Dioxide

Carbon dioxide is a greenhouse gas that contributes to global warming and climate change. The script mentions carbon dioxide as a byproduct of increased transportation of goods via aeroplanes, ships, and lorries, illustrating the environmental impact of globalization.

💡Social Insurance

Social insurance is a government program designed to provide financial support to individuals in need, such as during unemployment, retirement, or disability. The video script discusses how workers in economically disadvantaged countries often lack sufficient social insurance, highlighting the social disparities that can arise from globalization.

💡Health Insurance

Health insurance provides coverage for medical expenses and is a critical component of social welfare systems. The script points out that workers in some countries may not have adequate health insurance coverage, which can be a disadvantage resulting from globalization and the pursuit of lower production costs.

💡International Site Competition

International site competition refers to the rivalry among countries to attract businesses by offering favorable conditions. The video script mentions that ignoring environmental standards can be a cost factor in this competition, indicating the pressures on countries to lower their standards to attract international businesses.

Highlights

Globalization is a complex term made possible by advances in technology like mobile phones, aeroplanes, telephones, and the Internet.

Globalization enables quicker and less complicated exchange of information and goods among people and countries.

The term 'globalization' originates from 'globe' and signifies the worldwide integration of countries and nations.

Example given: Companies like Profile Vie and Super Color manufacture products in their home country, facing similar market conditions.

Globalization allows companies from different countries to offer products in the same market, leading to increased competition.

A company from Country B can sell televisions at a lower price due to lower production costs.

Globalization prompts local companies to adapt and withstand competition, fostering a closer global community.

The exchange of goods through globalization makes more affordable products available to a wider population.

Globalization involves not just economic goods but also services, knowledge, cultural goods, and languages.

The interconnectedness of globalization's elements has both positive and negative impacts on society.

Negative aspects of globalization include job losses in industrialized countries due to production moving to economically disadvantaged countries.

Workers in economically disadvantaged countries often work for low wages and lack sufficient insurance coverage.

Ecological problems such as climate change are exacerbated by the increased use of transportation for international trade.

Carbon dioxide emissions from transportation contribute to global warming, a significant drawback of globalization.

National environmental standards are sometimes ignored in the pursuit of low costs in international competition.

Globalization has many facets affecting nearly all aspects of life, with a continuous chain of positive and negative effects.

The transcript concludes that globalization itself is neutral, and its impact depends on how people handle the new possibilities in the future.