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Here you can learn and analyze my findings related to Globalization. Through the 4 videos , websites, and two images followed by small descriptions you can understand about globalization and how it is related to economy. You can also find the changes happened in the global economy because of globalization.

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Every day we are hearing the term Globalization but most of don't know what is that.
This website will help you in understanding what is meant by globalization and how it works. By going through he website which has a description less than 300 words you will get a clear understanding about what is Globalization.

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What is globalization?

Globalization is the process by which ideas, knowledge, information, goods and services spread around the world. In business, the term is used in an economic context to describe integrated economies marked by free trade, the free flow of capital among countries and easy access to foreign resources, including labor markets, to maximize returns and benefit for the common good.

Globalization is driven by the convergence of cultural and economic systems. This convergence promotes -- and in some cases necessitates -- increased interaction, integration and interdependence among nations. The more countries and regions of the world become intertwined politically, culturally and economically, the more globalized the world becomes.

How globalization works

In a globalized economy, countries specialize in the products and services they have a competitive advantage in. This generally means what they can produce and provide most efficiently, with the least amount of resources, at a lower cost than competing nations. If all countries were specializing in what they do best, production should be more efficient worldwide, prices lower, economic growth widespread and all countries benefiting -- in theory.

Policies that promote free trade, open borders and international cooperation drive economic globalization. They enable international businesses to access lower priced raw materials and parts, take advantage of lower cost labor markets, and access larger and growing markets around the world in which to sell their goods and services.

Money, products, materials, information and people flow more swiftly across national boundaries than ever. Advances in technology enable and accelerate this flow and the resulting international interactions and dependencies. These technological advances have been especially pronounced in transportation and telecommunications.

Among the recent technological changes that have played a role in globalization are the following:

Internet and internet communication. The internet has increased the sharing and flow of information and knowledge, access to ideas and exchange of culture among people of different countries. It has contributed to closing the digital divide between more and less advanced countries.

Communication technology. The introduction of 4G and 5G technologies has dramatically increased the speed and responsiveness of mobile and wireless networks.

Increased speed and bandwidth are among the benefits of 5G technology.

Internet of things and artificial intelligence. IoT and AI technologies are enabling the tracking of assets in transit and as they move across borders, making cross-border product management more efficient.

Blockchain. This technology provides a transparent ledger that centrally records and vets transactions in a way that prevents corruption and breaches. It facilitates the secure access to data required in industries such as healthcare and banking. It has also enabled the development of decentralized databases and storage that support the tracking of materials in the supply chain.

There are at least 10 known benefits of blockchain technology.

Transportation. Advances in air transport and fast rail technology have facilitated the movement of people and products. Changes in shipping logistics technology have made it possible to move raw materials, parts and finished products around the globe more efficiently.

Manufacturing. Advances in manufacturing, such as automation and 3D printing, have reduced geographic constraints in manufacturing. 3D printing enables digital designs to be sent anywhere and physically printed, making distributed, smaller-scale production near the point of consumption easier. Automation speeds up processes and supply chains, giving workforces more flexibility and improving output.

Why is globalization important?

Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of international economic activity, expanding trade, opening global supply chains and providing access to natural resources and labor markets.

Changing the way trade and financial exchange and interaction occur among nations also promotes the cultural exchange of ideas. It removes the barriers caused by geographic constraints, political boundaries and political economies.

For example, globalization enables businesses in one nation to access another nation's resources. More open access changes the way products are developed, supply chains are managed and organizations communicate. Businesses find cheaper raw materials and parts, less expensive or more skilled labor and more efficient ways to develop products.

With fewer restrictions on trade, globalization creates opportunities to expand. Increased trade promotes international competition. This, in turn, spurs innovation and, in some cases, the exchange of ideas and know-how. In addition, people coming from other nations to do business and work bring with them their own cultures, which influence and mix with other cultures.

The many types of exchange that globalization facilitates can have positive and negative effects. For instance, the exchange of people and goods across borders can bring fresh ideas and help business. However, this movement can also increase the spread of disease and promote ideas that might destabilize political economies.

For example, increased international trade and travel in the late 1990s led to West Nile Virus being introduced to North America, likely as a result of infected species being transported or people traveling there.

History of globalization

Although many people consider globalization a twentieth-century phenomenon, the process has been happening for millennia. Examples include the following:

The Roman Empire. Going back to 600 B.C., the Roman Empire spread its economic and governing systems through significant portions of the ancient world for centuries.

Silk Road trade. These trade routes, which date from 130 B.C. to 1453 A.D., represented another wave of globalization. They brought merchants, goods and travelers from China, through Central Asia and the Middle East, to Europe.

Pre-World War I. European countries made significant investments overseas in the decades before World War I. The period from 1870 to 1914 is called the golden age of globalization.

Post-World War II. The United States led the effort to create a global economic system with a set of broadly accepted international rules. Multinational institutions were established such as the United Nations, International Monetary Fund, World Bank and World Trade Organization to promote international cooperation and free trade.

The term globalization as it's used today came to prominence in the 1980s, reflecting several technological advancements that increased international interactions. IBM's introduction of the personal computer in 1981 and the subsequent evolution of the modern internet are two examples of technology that helped drive international communication, commerce and globalization.

Globalization has ebbed and flowed throughout history, with periods of expansion and retrenchment. The 21st century has witnessed both. Global stock markets plummeted after the Sept. 11, 2001, terrorist attacks in the United States, but rebounded in subsequent years.

More recently, nationalist political movements have slowed immigration, closed borders and increased trade protectionism. The pandemic had similar effects on borders and immigration, and it also disrupted supply chains. However, overall, the early 21st century has seen a dramatic increase in the pace of global integration. Rapid advances in technology and telecommunications are responsible for much of this change, according to economists.

What is the G20?

The G20, or Group of Twenty, is an international forum that aims to foster international cooperation by addressing global economic issues, such as financial stability and climate change. The G20 is made up of 19 countries and the European Union, including most of the world's largest economies.

The nations involved account for 80% of the planet's population, 75% of global exports and 85% of world GDP. It was founded in 1999, following the 1997 financial crisis, and has met every year since then.

Since 2008, the G20 has held an annual summit that brings together heads of state to discuss important economic issues. The G20's president is selected annually on a rotating basis, and that person's home country hosts the summit.

In 2021, the summit was held in Rome, Italy, and it addressed issues such as climate change, vaccines, taxes, the global economy and development aid. The 2022 summit was held in Bali, Indonesia. The main themes addressed were energy, governance, health, industrial development, economics and investment, as well as countering Russian aggression in Ukraine. The 2023 summit was held in New Delhi, India, with a focus on similar issues as well as an agreement to dramatically expand sustainable energy.

The members of G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, India, Indonesia, Italy, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the United Kingdom, the United States, the European Union and the African Union. Spain is a permanent guest of the organization.

Types of globalization: Economic, political, cultural

There are three types of globalization.

Economic globalization. This type of globalization focuses on the integration of international financial markets and the coordination of financial exchange. Free trade agreements, such as the North American Free Trade Agreement and the Trans-Pacific Partnership, are examples of economic globalization. Multinational corporations, which operate in two or more countries, play a large role in economic globalization.

Political globalization. This type covers the national policies that bring countries together politically, economically and culturally. International organizations such as NATO and the United Nations are part of the political globalization effort.

Cultural globalization. This aspect of globalization focuses in large part on the technological and societal factors that are causing cultures to converge. These include increased ease of communication, the pervasiveness of social media and access to faster and better transportation.

These three types of globalization influence one another. For example, liberalized national trade policies drive economic globalization. Political policies also affect cultural globalization, enabling people to communicate and move around the globe more freely. Economic globalization also affects cultural globalization through the import of goods and services that expose people to other cultures.

Effects of globalization

The effects of globalization can be felt locally and globally, touching the lives of individuals as well as the broader society in the following ways:

Individuals. A variety of international influences affect ordinary people. Globalization can make it easier for people to access raw materials, products and services. It can also lower the prices they pay and their ability to travel to other countries.

Communities. Globalization also changes how local and regional organizations, businesses and economies function and interact. It affects who lives in communities, where they work, who they work for, their ability to move out of their community and into one in another area, etc. Globalization also changes the way local cultures develop within communities.

Institutions. Multinational corporations, national governments and other organizations such as colleges and universities are all affected by their country's approach to and acceptance of globalization. Globalization affects the ability of a company to grow and expand, a university's ability to diversify and grow its student body and a government's ability to pursue specific economic policies.

While the effects of globalization can be observed, analyzing the net impact is more complex. Proponents often see specific results as positive, and critics of globalization view the same results as negative or somewhat ineffective. A relationship that benefits one entity may damage another, and whether globalization benefits the world at large remains a point of contention.

Internationalization and localization are both product strategies used in globalizing industries.

Examples of globalization

Multinational corporations are a tangible example of globalization. Some examples include the following:

McDonald's had more than 40,000 fast-food restaurants in 118 countries and territories in 2022.

Ford Motor Company works with about 1,400 tier 1 suppliers around the globe.

Amazon has expanded in recent years and now has nearly 10 million sellers globally and employs approximately 1.5 million employees.

Multinational corporations influence the social and economic development of the countries that host them. They also embody the contradictions of globalization. They bring jobs, skills and wealth to the region they're investing or doing business in. But they also can destroy local businesses, exploit cheap labor and threaten indigenous cultures. The benefits they offer are often unsustainable because the loyalty of multinationals is to their investors and bottom lines and not to the local people, economies and cultures where they're doing business.

Another example of globalization is the response to the COVID-19 pandemic. Because the world was able to communicate across boundaries, some nations worked together to quickly produce vaccines for the virus. In addition, doctors traveled where they were needed. For example, Cuba sent doctors to Italy at the beginning of the pandemic to assist with the crisis as it developed there.

However, countries also enacted strict travel restrictions, and many closed their borders to cut down on the free movement of people and spread of the virus.

Benefits of globalization

Globalization enables countries to access less expensive natural resources and lower cost labor. As a result, they can produce lower cost goods that can be sold globally. Proponents of globalization argue that a global economy improves the state of the world in many ways, such as the following:

Solving economic problems. Globalization moves jobs and capital to places that need these resources. It gives more developed countries access to lower cost resources and labor, and less developed countries access to jobs and the investment funds they need for development.

Promoting free trade. Globalization puts pressure on nations to reduce tariffs, subsidies and other barriers to free trade. This promotes economic growth, creates jobs, makes companies more competitive and lowers prices for consumers.

Spurring economic development. Globalization can give developing countries access to foreign capital and technology they wouldn't otherwise have, thus bridging the digital divide. Foreign investment can result in an improved standard of living for the citizens of those nations.

Encouraging positive trends in human rights and the environment. Advocates of globalization point to improved attention to human rights on a global scale and a shared understanding of the impact of people and production on the environment.

Promoting shared cultural understanding. Advocates view the increased ability to travel and experience new cultures as a positive part of globalization that can contribute to international cooperation and peace.

Negative consequences of globalization

Many proponents view globalization as a way to solve systemic problems in the world economy, but critics see it as increasing global income inequality. Among the critiques of globalization are the following issues:

Destabilizes markets. Critics of globalization blame the elimination of trade barriers and the freer movement of people for undermining national policies and local cultures. Labor markets in particular are affected when people move across borders in search of higher paying jobs and companies outsource work and jobs to lower cost labor markets.

Damages the environment. The transport of goods and people among nations generates greenhouse gases and all the negative effects it has on the environment. Global travel and trade also can introduce, sometimes inadvertently, invasive species to foreign ecosystems. Industries such as fishing and logging tend to go where business is most lucrative or the regulatory environment is less restrictive, which has resulted in overfishing and deforestation in some parts of the world.

Lowers living standards. When companies move operations overseas to minimize costs, such moves can eliminate jobs, increasing unemployment in sectors of the home country.

Facilitates global recessions. Tightly integrated global markets carry a greater risk of global recessions. The 2007-2009 financial crisis and Great Recession is a good example of how intertwined global markets are and how financial problems in one country or region can quickly affect other parts of the world. Globalization reduces the ability of individual nations to use monetary and fiscal policies to control the national economy.

Damages cultural identities. Critics of globalization decry the decimation of unique cultural identities and languages that comes with the international movement of businesses and people. At the same time, the internet and social media are driving this trend even without the movement of people and commerce.

Increases the likelihood of pandemics. Increased travel has the potential to increase the risk of pandemics. The H1N1 swine flu outbreak of 2009 and coronavirus in 2020 and 2021 are two examples of serious diseases that spread to multiple nations quickly.

Examples of deglobalization

Globalization critics promote deglobalization, where nations are skeptical of global integration. Independence, particularly economic independence, is viewed as more beneficial than interdependence on other nations.

For example, the COVID-19 pandemic's effect on global supply chains caused bottlenecks and shortages of many goods, straining various nations' economies. To proponents of deglobalization, a shift toward locally sourced raw materials and products made sense.

However, it's not just countries that are becoming deglobalized. Companies are disengaging from certain countries, as well. Many companies closed their offices in Russia and suspended service in light of the Russia-Ukraine war. Others have partially ceased operations there, as Sketchers did in suspending shipments to Russia but not online sales.

In recent decades, companies in certain sectors -- particularly manufacturing -- have outsourced operations to other countries to take advantage of lower labor costs. More recently, there have been targeted efforts to reduce reliance on countries like China and reshore U.S. manufacturing so that products can be sourced in the U.S. For example, Intel is building two semiconductor plants in central Ohio, and Hyundai is building an electric vehicle and battery manufacturing plant in Georgia.

Future of globalization

Technological advances, particularly in blockchain, mobile communication and banking, are fueling economic globalization.

Nonetheless, rising levels of protectionism and antiglobalization sentiment could slow or even reverse the rapid pace of globalization. Nationalism and increasing trends toward conservative economic policies are driving these antiglobalization efforts.

Global trade is also made more difficult by rising threats from other factors, such as the following:

Climate change.

Decaying infrastructure.

Cyber attacks.

Human rights abuses.

The takeaway

Globalization is a longstanding trend that's in the process of changing and possibly slowing. There are advantages to the open border and free trade that globalization promotes, especially with technological advancements that facilitate international trade, in terms of both imports and exports. There are also negative consequences.

In the post-pandemic world, individuals, businesses and countries must consider both sides of the globalization issue. The fact that there are pros and cons to consider is shaping how companies are rethinking global supply chains to avoid disruption while still reaping some benefits of globalization.
Globalized supply chains can slow down due to component supply issues or shrinking demand. Find out how the recent decline in global smartphone shipments exemplifies this.

Continue Reading About globalization

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What is Globalization: Pros, Cons, and History | Definition from TechTarget

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Globalization is the movement of goods, knowledge, information and services across the world. Learn how it works, its benefits, drawbacks and likely future.

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Website#2 What are the uses of Globalization.

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Website#2 What are the uses of Globalization.

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This website will help you in understanding the uses of Globalization. This website includes uses and a small description of how these become an advantage for the economy. This website help in develop an idea about how Globalization help us in exploring new culture and tradition, How it helps in the industrialization. Moreover that it also describe how globalization helped in improving the standard of living.
In an easy way we can understand about the importance of globalization in modernization.
The website provide one by one description on each of the advantages caused by globalization.

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Globalization is an established part of the modern world, so most of us do not realize the benefits it brings to our everyday lives-such as easy access to a variety of different cuisines or new technologies developed by countries half a world away.

Even though globalization makes our lives better, it brings some challenges as companies start to grow and expand across borders.

Cultural differences around the world are undeniable. These differences create hurdles for businesses entering foreign markets and necessitate changes to their daily business operations, whether it's employing workers in a new region or communicating the value of their product to a new audience.

Keep reading to learn more about the benefits and challenges of globalization and how businesses navigate these difficulties to reach their global expansion goals.

Before discussing the benefits and challenges of globalization, it's essential to have a strong understanding of what the term means.

The official definition of globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.

More simply, globalization refers to an open flow of information, technology, and goods among countries and consumers. This openness occurs through various relationships, from business, geopolitics, and technology to travel, culture, and media.

Because the world is already so connected, most people don't notice globalization at work every single day. But the world is getting smaller, and companies need to understand what this means for the future of doing business. Companies that don't embrace globalization risk losing a competitive advantage, which allows other businesses to take over new opportunities in the global marketplace.

Related Term: What Is Global Expansion?

Globalization impacts businesses in many different ways. But those who decide to take on international expansion find several benefits, including:

1. Access to new cultures

Globalization makes it easier than ever to access foreign cultures, including food, movies, music, and art. This free flow of people, goods, art, and information is the reason you can have Thai food delivered to your apartment as you listen to your favorite U.K.-based artist or stream a Bollywood movie.

Read more: The Role of Culture in International Business

2. The spread of technology and innovation

Many countries around the world remain constantly connected, so knowledge and technological advances travel quickly. Because knowledge also transfers so fast, this means that scientific advances made in Asia can be at work in the United States in a matter of days.

3. Lower costs for products

Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

4. Higher standards of living across the globe

Developing nations experience an improved standard of living-thanks to globalization. According to the World Bank, extreme poverty decreased by 35% since 1990.

The target of the first Millennium Development Goal was to cut the 1990 poverty rate in half by 2015. This was achieved five years ahead of schedule in 2010. Across the globe, nearly 1.1 billion people have moved out of extreme poverty since that time.

5. Access to new markets

Businesses gain a great deal from globalization, including new customers and diverse revenue streams. Companies interested in these benefits look for flexible and innovative ways to grow their business overseas.

A global employer of record (EOR) makes it easier than ever to employ workers in other countries quickly and compliantly. This means that, for many companies, there is no longer the need to establish a foreign entity to expand overseas.

Read more: Your Guide to the Global Marketplace

6. Access to new talent

In addition to new markets, globalization allows companies to find new, specialized talent that is not available in their current market. For example, globalization gives companies the opportunity to explore tech talent in booming markets such as Berlin or Stockholm rather than Silicon Valley.

A global EOR allows companies to compliantly employ talent overseas without establishing an entity, making global hiring easier than ever.

While globalization offers many benefits, it's not without challenges. Some of the hurdles companies face when going global include:

1. International recruiting

A common challenge global leaders face when going global is international recruiting. Recruiting across borders creates unknowns for HR teams.

First, companies create a plan for how they will interview and thoroughly vet candidates to make sure they are qualified when thousands of miles separate them from headquarters. Next, companies need to know the market's demands for salaries and benefits to make competitive offers.

To ensure successful hires, HR teams must factor in challenges like time zones, cultural differences, and language barriers to find a good fit for the company.

2. Managing employee immigration

Despite the benefits of global mobility, immigration is a top challenge companies face when expanding overseas. Immigration laws change often, and in some countries, it is extremely difficult to secure visas for employees who are foreign nationals. The U.S., for example, is getting stricter with granting H-1B visas, and Brexit makes immigration to the U.K. difficult.

3. Incurring tariffs and export fees

Another challenge leaders face when going global is incurring tariffs and export fees. For companies looking to sell products abroad, getting those items overseas can be expensive, depending on the market.

4. Payroll and compliance challenges

Another common global expansion obstacle is managing global payroll and maintaining compliance with changing employment and tax laws. This management task gets even more difficult if you're trying to manage operations in multiple markets.

5. Loss of cultural identity

While globalization has made foreign countries easier to access, it has also begun to meld unique societies together. The success of certain cultures throughout the world caused other countries to emulate them. But when cultures begin to lose their distinctive features, we lose our global diversity.

6. Foreign worker exploitation

Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. Some Western companies ship their production overseas to countries like China and Malaysia, where lax regulations make it easier to exploit workers.

7. Global expansion difficulties

For businesses that want to go global and discover the benefits of globalization, setting up a compliant overseas presence is difficult. If companies take the traditional route of setting up an entity, they need substantial upfront capital, sometimes up to $20,000, and costs of $200,000 annually to maintain the business.

Read more: The Hidden Costs of Entity Establishment

Additionally, global businesses must keep up with different and ever-changing labor laws in new countries. When expanding into new countries, companies must be aware of how to navigate new legal systems and ensure global compliance. Otherwise, missteps lead to impediments and severe financial and legal consequences.

8. Immigration challenges and local job loss

The political climates in the U.S. and Europe show that there are different viewpoints on the results of globalization. Many countries around the globe are tightening their immigration rules, and it is harder for immigrants to find jobs in new countries.

This rise in nationalism is mainly due to anger from the perception that foreigners fill domestic jobs or that companies move their operations abroad to save money on labor costs.

For example, the Economic Policy Institute reports that the U.S. trade deficit with China (or the amount by which our imports exceed our exports) cost Americans 3.4 million jobs since 2001.

Both the benefits and challenges of globalization change how a business operates in different ways. When companies decide to go global, they must be ready and willing to change internal processes. This helps to accommodate new markets and make their global workforce feel comfortable and accepted at work.

Companies see many aspects of their businesses change once they enter the global marketplace. For example, globalization makes the workforce more diverse. This diversity is an overall positive change, but it creates some challenges, such as language barriers and differences in cultural expectations.

Some operational changes companies should expect from globalization include:

1. Global communication challenges

Before starting to branch out from headquarters, firms have to put an established internal communication plan in place since global employees likely work in a different time zone and have a different native language.

Software and other digital tools help smooth global communication hurdles and allow teams to connect easily. Zoom, Slack, and Google all provide valuable tools for companies trying to manage employees in multiple offices, countries, and time zones.

2. International employee expectations

Foreign employees have different expectations when it comes to things like salary and benefits, as well as how they manage their daily work schedules. Companies that want to take advantage of globalization and hire foreign workers need to accommodate them as much as possible. HR teams must also ensure their employee benefits offerings are competitive and on par with local expectations during the hiring process.

3. Supporting foreign customers

Similar to communication changes with employees, companies must also plan for how they run customer service and support in new countries. Customers in the new market where you offer your products or services might not speak your native language or be close to your time zone.

4. Increased competition

International companies have to adjust more than internal operations. Going global opens up new revenue streams and increases availability to talent. Because of these attractive benefits and the ease of going global due to solutions like partnering with a global EoR, the global marketplace is competitive.

As globalization becomes the norm, many companies often seek the same foreign markets, which increases competition for businesses.

5. Marketing and communication changes

Just like hiring employees in different countries creates internal communication challenges, marketing your products or services to a completely new audience creates obstacles for companies. Businesses need to adjust their marketing strategies to communicate the benefits of their product in a way that resonates with a foreign audience.

You cannot assume that a marketing campaign targeting an American audience (or wherever your HQ location is) attracts consumers in Europe, Asia, or any other popular market, as the consumers there have very different wants and needs.

In the past, cost and regulatory challenges were massive barriers to companies seeking to expand globally in search of the benefits of globalization.

Now, partnering with a globalization expert helps firms navigate any challenge that comes their way-while successfully setting up an overseas presence. Our EOR solution helps organizations establish a presence in more than 185 international markets without the time and costs associated with entity establishment.

The right EOR partner helps your company experience the benefits that globalization has to offer and quickly become a successful player in the global marketplace.

Ready to go global? Contact us to learn more.

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Weigh the main benefits and challenges of globalization to find out how to mitigate risk while taking advantage of global opportunities.

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Website#3 How Canada benefit from Globalization

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Website#3 How Canada benefit from Globalization

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This website focuses more on the advantages of globalization on Canada.
this website includes an article which describe how Canada benefit from globalization, it also compare the present situation of Canada to the situation before globalization which helps in providing a clear undertsanding about how the globalization helps in bringing dramatic changes in Canada, in addition to that the websites gives an idea how globalization changed Canada from a colonial country to a continental super power.

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Canada has gone from a colonial country to a continental superpower. It cannot be denied that globalization has been an internal part of today's society. Globalization is a worldwide phenomenon, through the expansion of transportation and communication networks from post-World War 2.

This allows countries and people to exchange information and goods more quickly and travelling more frequently. For Canada, globalization helped make Canada become one of the world's largest economies in the world. They are a big exporter of natural resources, known for their multicultural friendly identity, and an advocate for international peace.

What it means to be Canadian and their identity are all influenced by globalization, specifically immigrants. Canada has one of the most diverse cultures and is widely respected around the world.

Canada's reputation for its friendliness, politeness, multiculturalism, and diversity built on Canada's openness to immigration. A large majority of the reputation comes from immigrants around the world that have hundreds of ethnic backgrounds, religions, ideas, and beliefs that settled here in Canada.

They also play an important role because they greatly benefit the Canadian economy by replacing the ageing population in Canada and increasing Canada's labour force. Canada has an ageing population said in a quote "By 2012, the worker-to-retiree ratio had dropped to 4.2 to 1, and projections put the ratio at 2 to 1 by 2036, at which time five million Canadians are set to retire.", a problem that many experts have long worried.

Since 2014, Prime Minister Justin Trudeau said that he is accepting more than 300,000 immigrants every year. A report done by the government of Canada in the 2018 Annual Report to Parliament on Immigration discusses the essential role they play a part in Canada's economy. The report found immigrants contribute a 1.25% increase in GDP productivity and the labor force.

Interestingly, they found Immigrants that resided for more than 5 years exceed average earnings by 5% and were 15-24% more likely to be working than Canadian born residents. In 2016 a survey conducted found that almost half of immigrants ages between 25-64 held a bachelor's degree or higher, compared to under a quarter of Canadians in the same age group.

They also found the new immigrants help enhance and build communities through "civic engagement as well as contributions to and participation in charitable organizations and activities." They play an important part in Canadian society not only in culture or Canada's identity but in communities and the economy.

The report reveals many important information on immigrants that debunks many misconceptions people have about immigrants. Like most, they are hard-working people that take advantage of many opportunities present in Canada. They are not a liability in our economy but an important economic factor in Canada and the workforce.

Canada has greatly benefited from international trade by being a member of the General Agreement on Trades and Tariffs (GATT), the member of the World Trade Organization (WTO) also a part of the Free Trade Agreement. These trade agreements aimed to boost economic recovery after the second world war and boost each other's economies.

By reducing or eliminating traffic quota and subsidies the GATT helped globalize the supply chain in the world. Canada has become the 12th largest exporter of natural resources in the world and importantly the USA's second-biggest trading partner. integrating world policies. Canada relies on international trade policies to boost the Canadian economy and maintain economic partnerships like the USA.

Which helped Canada into the position that they are in. When Canada signed on into the World Trade policy and NAFTA in 1994, it introduced new markets and opportunities. According to the World Bank, at the time Canada's exports were at $166.57 in 1994. when the policy was signed, but after in 2017 Canadian exports rose over (USD)$423.5 billion worth of goods in trade, which roughly accounts for 31.46% of GDP.

A large number of exports went to the USA, which accounts for 76.4% of the exports behind China with only 4.5%. The chart shows a direct relation to the rise of exports and GDP growth from the World Trade Policy and the North American Free Trade Act in 1994.

Over a span of 20 years, there was a marginal growth of 40% increase in exports. It cannot be denied that without these trade policies we would not see that growth. Canada will likely continue to benefit from international trade policies and continue to be a part of it.

Since World War 2 Canada has been involved and participates in many global affairs. Canada is a part of 21 different organizations such as the United Nations, Canada and the United Nations Educational, Scientific and Cultural Organization (UNESCO) etc. Participated in peacekeeping and maintaining diplomatic relationships.

The world stage is important for Canada for their interest and goals. Canada is involved in peacekeeping and maintaining diplomatic relations with our allies and in return, Canada received aid and strengthened political, international development, humanitarian, and peace and security assistance efforts. The world stage provides Canada with the ability to express its interest and concerns for human rights.

On May 27, 2020, Canada expressed its concern on civilian protection in armed conflicts. Specifically, on child soldiers in war-torn countries, gender-based violence on women and girls. Also, indiscriminate and targeted attacks against civilians, humanitarian and medical workers, hospitals, and schools.

Their concern is heard by 193 nations that all agreed it is a problem that needs to be addressed. In another example, Canada's Department of Global Affairs on February 9th shipped 16 tonnes of protective masks to Canada after it was confirmed there is a new novel coronavirus. In response, China sent back 11 million masks in response to Canada's courtesy.

Canada's involvement with the UN and other international organizations all helped Canada's interest in pursuing their goal of providing basic human rights around the world. In turn, we receive praise and aid for Canada's contributions.

No doubt globalization has a historical mark in Canadian history. Most of our economic sector rely on exports and imports from other countries that make goods cheaper, Canada's identity and unique diverse culture would not have happened without opening ourselves to immigration, and also Canada's involvement in humanitarian and peacekeeping operations help raise awareness of human rights issues.

Suffice to say Canada would be different without globalization and agreeable to say it had major beneficial economic, cultural, and global impacts. The whole world is working towards a globalized society, more than ever we can communicate information around the world. We should plan and learn to adapt to upcoming new changes it might bring in the future.
Works Cited
"Canada and the World Trade Organization." The Canadian Encyclopedia, www.thecanadianencyclopedia.ca/en/article/world-trade-organization.

Citizenship Canada. "Government of Canada." Canada.ca, Government of Canada, 26 Feb. 2019, www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/annual-report-parliament-immigration-2018/report.html#matters.

Citizenship Canada. "Government of Canada." Canada.ca, Government of Canada, 26 Feb. 2019, www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/annual-report-parliament-immigration-2018/report.html.

Connolly, Amanda. "Canada Is Offering Medical Assistance to China as It Combats Coronavirus Spread: MP." Global News, Global News, 2 Feb. 2020, globalnews.ca/news/6490699/canada-coronavirus-evacuation-china/.

"Exports of Goods and Services (Current US$) - Canada." Data, data.worldbank.org/indicator/NE.EXP.GNFS.CD?locations=CA&most_recent_year_desc=false.

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Global Affairs Canada. "Open Debate on the Protection of Civilians in Armed Conflict - Canada's National Statement by the Honourable François-Philippe Champagne, Minister of Foreign Affairs." GAC, 27 May 2020, www.international.gc.ca/world-monde/international_relations-relations_internationales/un-onu/statements-declarations/2020-05-27-protection.aspx?lang=eng.

"Globalization." Globalization | The Canadian Encyclopedia, www.thecanadianencyclopedia.ca/en/article/globalization.

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Canada has gone from a colonial country to a continental superpower. It cannot be denied that globalization has been an internal part of today's society. Globalization is a worldwide phenomenon, through the expansion of transportation and communication networks from post-World War 2. This allows countries and people to exchange information and goods more quickly and...

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Website#4 Drawbacks of Globalization in Canada

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Website#4 Drawbacks of Globalization in Canada

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This website includes a large number articles and writing about different topics where we get a clear description about the disadvantages of globalization in Canada.
This website provide free access to the writing of Ms. stoby which clearly describe ho the globalization affected the Canadian culture, tradition and economy.
Through the article provided in the website we can understand how globalization lead to the availability of cheap labours and how it creates the unemployment. The website provides many other references for the things described in the article.

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Ms. StobyAs the ever-growing byproduct of globalization, greed and exploitation are set upon the market. Foreign businesses with the access to large markets and unrivaled opportunities encourages these businesses to expand their ambitions in the attempt to outwit their enemies. This ambition revolves around the subject of competition, and in this attempt, businesses arise with troublesome mentalities and corrupt ethics. With a large demand for cheap labor and the ever-growing rate of
The Negatives of Globalization Since the establishment of globalization, globalization has revolutionized and has pioneered the establishment of economic growth and prosperity. The true impacts of globalization can be seen everywhere: in the newspapers, on the media, in academic literature and even business journals (Griswold, 1998). Yet unknowingly, many cannot perceive its integration into the Canadian way of life, as it is set as a lifestyle that surrounds the Canadian population and, as a result, we all strive in it. Equivalently, economists look upon globalization as a force of 'good'. Unfortunately, economist seem to be guided by their defective models, missing the true impacts, and absolute terror brought by globalization...show more content...
unemployment internationally, foreign workers are prone to the abuse of businesses through the lowering of wages and minimization of benefits. Many businesses practice the strategy of outsourcing, which is a business strategy guided by globalization and the introduction of information and technologies (Huwart & Verdier, 2013). Through this practice, occupations found in developed countries, are grant to workers in developing countries as businesses can pay wages at a lower rate. By reducing the cost wage expenses, companies capable of minimizing prices, therefore they are able to provide goods and services at a cheaper rate (Huwart & Verdier, 2013). Allowing foreign operating businesses to obtain a competitive advantage over the domestic businesses of Canada. As these companies become more desirable for cheaper goods than their competitors. Considering this, Canadian businesses are placed in jeopardy as they have a restricted presence in the global market as a product can be obtained with similar quality with lower expenses. China is publically known example of this strategy, in 1990 china sold textiles at an unbeatable price, therefore forcing competitors to shut down or downsize in other countries (Huwart & Verdier, 2013). When businesses have access to these resources, competitors become obsolete as they have a

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The Negatives Of Globalization In Canada

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Ms. StobyAs the ever-growing byproduct of globalization, greed and exploitation are set upon the market. Foreign businesses with the access to large markets and unrivaled opportunities encourages these businesses to expand their ambitions in the attempt to outwit their enemies. This ambition revolves around the subject of competition, and in this attempt, businesses arise with troublesome mentalities and corrupt ethics.

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This TED talk video done by Richard Baldwin
provide a clear understanding about the future globalization, we all are familiar with the Globalization took place in the past, what about the future globalization in this video Richard Baldwin the famous economist talks about the coming globalization which are called virtual globalization. this video has a duration of 13.56 minutes.
He talks about how the virtual globalization will help in the job market and how the talented people can work from home virtually.

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Why will future globalisation be so different

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Are you ready for future globalization? Everyone knows about the rise of the robots, but the same digital technologies are also creating a new "virtual" globalization - where talented foreigners sitting abroad can work alongside us in our offices.

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In this video Haley Edward talks about how globalization can be used for a peace full world, she talks about how each countries are interconnected and how this interconnection can be used for creating a peaceful world. She tells that each other countries are dependent on each other they cant go to war. For example Germany needs France for its coal and France need Germany for its steel, she tells about how can we use the interconnection created by globalization for world peace,

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What global trade deals are really about (hint: it's not trade) | Haley Edwards | TEDxMidAtlantic

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Video#3 Who really wins from Globalization?

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Video#3 Who really wins from Globalization?

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This video analyze the real advantage of globalization and how countries help each other for development because of globalization. more over that this video clearly gives an idea how globalization helps the Canadian economy as well as global economy. The video is created more beautiful by adding many graphical and animated representation which make the concept easy to understand. This video analyze that does the impact of globalization leave behind losers who come disproportionately from the world's disadvantaged communities.

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Who Really Wins From Globalization?  (Pros and Cons of Globalization)

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This video explain the different phases of globalization, from the 17th century to 21th century, with the help of graphical illustration this video goes through the colonization,industrialization,technological revolution which are considered as the different phases of globalization.This video includes the development of calendar, travelling and industrialization as a part of globalization. This video is very interesting and easy to understand because of the way of presentation.

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By sharing the resources and technologies from different countries we can build the world together foe a better future.
BY importing raw material and other thing it will become an income for one country and the resources for met the need for the other country, in this way we can build the world together.

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Globalization and the Economy: Meaning, Impact 

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The import and export of raw materials and other resources likes cloths, rubber, oil using different means of transport will help in maintain the global economy. Bringing together different countries and sharing the resources as a result of globalization will help the development of global economy.