The State of Globalization Today
Overview and Insights
Globalization, which simply means the growth, speed, and ease of transportation and exchange of goods, services, data, knowledge, people, money, capital, and technology around the world. Globalization is not a static concept; it is evolving.
Many countries have benefited from specialization to the point that they become fully dependent on the global market to consume their commodities while they become dependent on the rest of the world to make their other stuff for them. This makes producing countries and the consuming countries heavily dependent on one another.
According to the United Nations (n.d.) , “The world’s population is projected to reach 8.5 billion by 2030, 9.7 billion by 2050 and exceed 11 billion in 2100, with India expected to surpass China as the most populous around seven years from now and Nigeria overtaking the United States to become the world’s third largest country around 35 years from now, according to a new United Nations report released today.”
However, the size of the world population was 2.53 billion in 1950. Another interesting aspect about the state of the globe today is that while the world’s population size is rising, the birth rate is declining significantly, and the distribution of age structure in the world is changing—literally—daily.
Add to the aforementioned mix the spread of smartphone usage, social media outlets, rise of income, speed of access to information from anywhere in the world, the convergence of consumer preference, especially among Generation Z (or generation zoomers, those who were born between the late 1990s and early 2010s), COVID-19 and its disruption to the global supply chain, the rise of nationalism and self-reliance (because of COVID), global warming related issues (possible impact on food production), political tension in Europe, global energy crises, and natural resource depletion.
Use historical data, graphs, tables, facts, or analysis from reliable sources to structure a short PowerPoint Presentation to describe globalization today with the focus on opportunities and threats associated with doing business internationally, keeping in mind the evolution of globalization from 2000 to today.
Narration: You are highly encouraged to narrate your PowerPoint slides and add your voice and energy to your presentation.
Answer Preview for The State of Globalization Today
APA
288 Words