2 GlobalizationThe trend toward greater interconnectedness of the world’s financial, economic, technological, political, cultural, sociological, and ecological systems.Some argue it improves living standards, while others say that it is more harmful than beneficial.
3 Financial Globalization Interconnection of the world’s financial systems.Stock Market.
4 Economic Globalization The interconnection of companies and corporations around the world.Multinational or Transnational Corporations such as Coca Cola, Microsoft etc.
5 Technological Globalization The growth of the technological revolution has created a global village.The internet, cell phones etc.
6 Political Globalization The growing inter-connection between countries and international organizations.Free trade, UN, NATO etc.
7 Cultural Globalization The gradual harmonization of the world’s cultures at the expense of distinctly different local cultures.Pop culture, movies, music, language, sports.
8 Ecological Globalization The idea that we must treat the planet as a single ecosystem.Ozone depletion and Kyoto Protocol
9 Sociological Globalization The idea that the citizens of the world are part of a global society rather than individual nations and cultures.Common morals, ideas, ethics.
11 Dubai Background: 1000 years old A part of the United Arab Emirates (UAE)1 family rules itSmall size (1/2 size of Toronto) and population81% foreign born, mostly expatsLittle oil (unlike other Middle eastern countries)Subtropical desert climate
12 Dubai What has Dubai done? 1. Tourism Many attractions (world’s largest and only ‘7 star’ hotel)Many events (major golf, tennis and horse racing)Much shopping (largest shopping mall)Tropical climateUnique experiences (indoor skiing and skateboarding)
13 Dubai2. Air TravelMain hub for flights between Africa, Asia and Europe30 million passengers in 2006Building world’s largest airport
14 Dubai 3. Finance and Business Business centre for Arab world “Knowledge Village” has many major colleges and universitiesFree trade zones
15 Dubai How is Dubai so successful? 1. Creating a Globalization Friendly EnvironmentPolitically stable (unlike much of Middle East)English speakingTolerant of non-Muslims (i.e. alcohol and other religious buildings allowed)
17 Dubai How so successful? 2. Selling the Brand Biggest mall, airport, hotel etc.Exciting, unique and attractive
18 Dubai How so successful? 3. Investment From EU, USA, Japan etc. Political and economic securityGood profits
19 Controversy The Good…. Global village: sharing info High technology for many peopleFree trade (no taxes)More opportunities for poorer countries
20 Controversy The Bad Destruction of local cultures Stunts (prevents) success for small/local businessRich get richer, the poor get poorerAllows you to do things that are illegal in your country in other countries (i.e. sweat shops, bad environmental practices)Values short term gains over long term consequences (i.e. the envrionment)‘Moral laxity’