00:01
All right, we are looking at globalization.
00:03
Another question there that talks about what are your findings and opinion based on the market.
00:11
It's not really detailed.
00:14
It's not details.
00:25
Globalization is that the dependency among the nations.
00:33
That has to do with the nfc on trade, sharing of information, cultural, diversity communication now that among different different countries all right so let's go to that point two now we are looking at the the positive effects of globalization positive effects of globalization all right so one we have sharing of cultural information information and cultural diversity among people sharing it promotes uh sharing information because there's cross -border trade permission and cultural diversity cultural diversity among people and people from different countries or different countries all right then we have another one is uh remote job creation with the advent of the internet okay with the internet globalization is being deepened remote job creation so that people can now work at home work can even be take a job be doing a job in one country on the company is based somewhere else okay in another country all right remote job creation so people can work that way we have what you call lower cost of production.
04:08
Yes, companies can move to from one country to the other, to establish or for your, to do your business at lower costs, because of setting incentives.
04:27
Either maybe due to lower cost of labor, not the infrastructure there that helps to lower the cost of production.
04:39
Produce are essential that can move them lower, so this is lower cost of production.
04:54
So people have the choice to make to move.
05:02
Then another one could be technology transfer.
05:04
Of course, as companies move, people move their businesses to other places.
05:14
Technology can be transferred of technology through to those countries that we move to there by enhancing the technological know how to people then we talk about trade so this is key this is critical that's trade uh slash movement movement of news and people and people yeah among countries right so these are some of the positive effects so go move to other places, tourism.
07:11
So these are some of the going to establish companies in other countries.
07:17
Then let's look at the third one.
07:18
They will have, we talk about converting the negative effects of globalization to positive one.
07:28
Yeah, there are negative effects.
07:31
I wish with the job losses, cross -border crime and all that's converting negative effects...