Local Centers and Their Connectivity: Globalization and the Need of Centralization

Filipe Pohlmann Gonzaga

International Journal of Business and Management, 2023, vol. 18, issue 5, 16

Abstract: This paper investigates the multifaceted implications of globalization on global production networks, education, and climate change. Globalization has engendered the seamless movement of capital, goods, and ideas worldwide, concentrating economic activities in specific regions. This phenomenon yields advantages such as knowledge exchange and access to new markets, but also poses challenges such as intensified competition. The globalization of production networks profoundly affects education, demanding individuals to possess technical expertise, digital literacy, and intercultural proficiencies in response to evolving labor market needs. Despite digital connectivity, knowledge acquisition remains predominantly localized, thereby emphasizing the delicate balance between digital accessibility and localized educational attainment. Furthermore, global production networks bear significant consequences for climate change, as material and energy flows transcend geographic boundaries, exacerbating environmental impacts. The adoption of sustainable practices and robust environmental regulations assumes paramount importance in mitigating these effects. However, the challenge persists in externalizing environmental and social costs. By comprehending the intricate interdependencies and complexities inherent in globalization, we can navigate the opportunities and address the challenges posed by global production networks.

Date: 2023
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