Globalization encourages producers and consumers which developes nations economy.Globalization has increased the free trade between countries. It has increased in capital liquidity which has allowed investors in well developed nations to invest in developing countries.Globalization contributes to the spread of technology.The benefits of science and technology have reached every corner of the world. People around the world are connected through mobile phones and internet technology. Globalization strengthens relation between nations.Globalization broadens our minds. We feel that we belong to one world and we are a part of one nation.Globalized nations have closer contact with foreign people which make us quite familiar with their manners, habits, and customs.
Globalization has affected various factors and areas in our society such as, the global scale of trade; the interconnection of the markets all around the globe, as well as the economic intensity of modern human activities has been historically extraordinary. Moreover, it (globalization) also fuelled global changes like global warming. These global changes influence patterns of human health and international health care, as well as public health activities. As McMichael (2013) explains, these changes also contribute to various syndromes and reflect the interconnected pressures, stresses, as well as tensions that are arising from a very large population of the world. In addition to that, the universal and the increasingly systematic environmental
However, nowadays, globalization due to the Industrial Revolution and the advances in transport and technologies has reached an unprecedented scope. Globalization can be explained in mainly 3 different areas: in politic, social and economic terms. In politic terms, globalization can refer to the shift of political activities from a single-nation level to a global level and it has been created international organization such as the United Nations. It has also tried to spread democracies all over the world. Social globalization describes an exchange of values, ideas and it has facilitated the promotion of equality, dignity and human rights.
Globalization has led to the formulation of the World Bank as well as the International Monetary Fund. Globalization has made it easier for Countries such as South Africa to seek financial assistance. This had led to the world becoming a global village where interconnectedness is easier and faster. The essence of globalization is perhaps rooted in the faster communication of information brought about by the internet, satellite communications, or even international workshops. Economic policy-making is not immune from this: at the very least,
BRIDGING THE GAP THROUGH AGRO-GLOBALIZATION The historical origins of globalization are the subject of ongoing debate. Though several scholars situate the origins of globalization in the modern era, others regard it as a phenomenon with a long history. Some authors have also argued that the beginning of globalization stretches much further back in time than we can imagine. Globalization as reported by John Mellow, 2002 refers to increases in the movement of finance, inputs, output, information, and science across vast geographic areas. The gains from globalization increase net income in many places and facilitate decreases in levels of poverty and thereby increase levels of food security.
This caused the economy to go up, but their environment was greatly impacted in a negative way. Rainforests were cleared away to make room for banana plantations. All of these reasons considered, globalization is greatly benefiting the world more that it is costing. Thanks to globalization, the economy, society, and environment prosper. There are downsides to all of the benefits, but the benefits outweigh all of the negative
Nowadays, the world is getting closer, the gap between countries is shorter and shorter day by day, people all around the world have better chance to see the others, and the movement between different places is easier than itself 50 years ago. These are ones of the positive impacts of globalization, which also “increase[s] of trade around the world, especially by large companies producing and trading goods in many different countries.” (Cambridge for Advanced Learner Dictionary 7th Edition). Globalization not only creates opportunities, but also poses a lot of challenges for the whole world, under the pressure globalization, people must stay creative and always have new idea or method to access to the always-new world. Now is the time of globalization, however the first steps of it appears a long time ago with the journey around the world of Ferdinand Magellan in the 16th century as the first geographical discovery or the role of Silk Route during the Han Dynasty, which supports the purchase between China and the other countries in Indian subcontinent, Persia, Europe, Africa (North Africa) and Arabia. The advantages of them are remarkable, especially in economy.
Globalization also helped in the expanding the way technology works. We are in the twenty first century, everything is evolving around us, and I like to believe that globalization helped in the advancement of technology in a variety of ways. Not only by expanding business in different areas of the world did globalization help improve technology, but also through globalization, different countries accepted and adapted the services, knowledge, cultural goods and even languages of other countries, therefore making people more aware of their surroundings and helping them open their minds, which makes people believe they can achieve and improve anything in the world. Globalization also helps build stronger trade ties and dependencies between nations. As more businesses trade and exchange goods, the nations and countries become more dependent towards each other.
Benefits of Globalization Why do we need globalization in our life? Customers today are unable to find a huge selection of competitive products at a reasonable price due to a significant increase in cross-border trade. For example, shops selling tropical fruits throughout the year, such as pineapple, mango and lemon, make it possible to prepare delicious recipes, even in the heart of the cold winter. This example illustrates that the improvements seen in transportation, as well as the participation of many countries so that a large variety of people can access food. As a result, globalization has positive effects because it expands the range of products available to customers.
Introduction to Globalization. Globalization plays a hugely important role in the development of third world countries. Due to globalization, there has been advances in areas such as telecommunications and transportation, creating new opportunities for developing countries. Such as; technological developments, health systems, education systems, access to developed countries markets, trade with