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Although globalization has promised an improved standard of living and economic development, it has been heavily criticized for its production of negative effects. Globalization is not simply an economic project, but it also heavily influences the country environmentally, politically, and socially as well.
As prescribed by House Rules, the committee's jurisdiction is on the effects on various social sectors of the World Trade Organization's policies and other actions to harness opportunities offered by globalization for economic development. [1]
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
The insight by Edelman, R., & Wilson, W. (2017) explains “This new system of thought and practices imbued with positive values in the exertion and strategic deployment of the human body, embracing the Anglo-American notion that physical activity was meaningful in and of itself, conducive to values such as learning and character-building.
Cultural homogenization is an aspect of cultural globalization, [1] [2] listed as one of its main characteristics, [3] and refers to the reduction in cultural diversity [4] through the popularization and diffusion of a wide array of cultural symbols—not only physical objects but customs, ideas and values. [3]
Instead, globalization is viewed as a continuous engagement between various different social groups. While the destruction of the rainforest habitats through globalization is seen as a negative result, the emergence of local and national activists in response to these circumstances have led to more support for indigenous and environmental rights.
Its claims overlap with those of the Philippines and four other nations. In 2016, the Permanent Court of Arbitration in the Hague said China's claims had no legal basis, a decision Beijing rejects
Glocalization represents the fusion of "globalization" and "localization," emphasizing the need for global entities to tailor their offerings to suit the unique characteristics of individual regions or communities. Glocal, an adjective, by definition means "reflecting or characterized by both local and global considerations". [2]