What does it mean
process of interaction
economical, social, cultural and political aspects
technologichal advancement
Countrys, Companies, Everyone
Challenges
Climate change as a global problam
Pollution
deforestation
overpopulation
waste disposal
ozone layer depletion
Global Economy
removal of laws for international trade
global products
comparative advantages: low wages, educated workforce, natural recources
Companies do outsourcing
ambivailent effects: fast fashion, sweat shop
global financial market, stock market
Migration
easier communication, travel, policies
differences in living standards are obvious
global competiition for jobs
global labor market
Benefits and Problems
cheaper diverse Products
increased living standard
global communication
enriched culture
price pressure
difficulties for low skilled workers
global competition
local culture can be lost
backlach (Trump, Brexit)
Last changed2 years ago