Nowadays, in the light of the development in technology, especially in transportation and media, trade and communication has increased rapidly among countries. This trend is called globalization. Generally speaking, globalization has its own advantages and disadvantages. The development in international trade and communication has created employment and opportunities for millions of people, but it has also made poor countries poorer. In my opinion, globalization has both positive and negative aspects. First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries. For instance, you can see McDonald’s store in almost every countries. In general, globalization has benefited both developing and developed nations, and became one of the most important factors that affect a country’s
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INTRODUCTION Globalization has an impact on everyone. From the food people eat and what they wear, those products came from all around the world and is a product of globalization. That globalization is the international integration of ideas, products, and culture. But these products, ideas, and culture could come to a loss though these things are all very beneficial. Although there are times when globalization has costs in terms of deadly viruses is true, but the benefits do outweigh the costs when new ideas are introduced.
Globalization describes how the world finds itself connected today. In order to achieve sustainable prosperity we need to use the connections and relationships we have made through globalization. Instead of a farmer in Newfoundland only being able to sell their product in their home town, that same farmer can sell their product to a global market. This allows the farmer to expand to a larger group of people and allows someone in another location to get a product that they may not have access to. However Globalization itself doesn’t really contribute to the prosperity of all people.
Globalization is defined as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets (Merriam-Webster). It also can be looked at as how organizations have an impact internationally. When money is involved, so are politics. Due to the implementation of globalization around the world, developing economies saw a great increase in exporting cheaper goods, because they were opened to new markets (Collins). While these foreign nations benefited, much of the American population was at a disadvantage.
Globalization is something that has been on the forefront of many debates for many years. Some say it has been around since the beginning of time, while others say it started right after the conclusion of World War 2. Regardless of when globalization came to be, it is something that has impacted the world drastically, shaping our current way of life today. People may not realize it, but nearly everything we own is a result of globalization. The purpose of this assignment is to analyze and provide an in-depth analysis of what globalization is, and explain why it is occurring.
Globalization could be described as the mean of making connection with people from other countries to share things such as world views, products, communication and technology as well as ideas and other aspects of culture (Smith & Doyle, 2002). Some drawbacks of globalization in the Caribbean are that other develop countries stifle the Caribbean countries with their own views and depression in one country in the Caribbean can affect other countries that may do trade with it. Some benefits of globalization in the Caribbean are it opens new avenues for trade to larger and more developed countries, consumers have a wider variety of products from which to choose from, more competitive prices, companies get access to a wider market maybe in some developed country and it help for an alliance with other countries that may be good in times of need if one of the Caribbean countries falls into
Information can be accessed easily and freely through the internet, mobile phones, television and other devices. Globalization has increased the economic right for people worldwide especially in the developed world. There has been an increase in the standard of living of many people hence healthy lifestyles. However in my opinion, globalization has done more harm than good to the people of the world especially people in the developing world.
Globalization has its advantages and disadvantages. The individuals who bolster globalization conceives that globalization could help expel destitution and joblessness. For instance, free exchanges advances monetary development, makes employments, and rises rivalries inside nations. The consummation prompts diminish in the costs. As there is a development of generation, specialists move from place to place to improve their aptitudes.
Globalization allows the MNCs to freely produce and move goods and services in the international markets worldwide. Globalization had encouraged developing countries to make vital changes through large loans from the World Bank and had persuaded market reforms through the International Management. This led to the removal of tariffs and freeing economies of various developing countries. The developed countries now had the opportunity of investing in the developing nations, producing job opportunities. For example, Swift growth in India and China decreased world poverty.
Although the aim of globalization is to have an open market, to open many job opportunities to many people, it also has its own setbacks. Globalization also fuelled global warming due to many factors such as the transport of materials from one country to another through the use of fossil fuels. In addition to that, industries also increased the emission of greenhouse gases that are the main causes of global warming and climate change. Global warming in turn brought and continues to bring many tragedies like the rise of sea level, storms, climate change, surface heating etc. Those who are in the developing countries that do not have the resources to combat and adapt to these changes will be the ones who will be greatly affected.
One major problem or consequence globalization has brought is the increasing internationalization of health risks. Though globalization has many dimensions to be defined with, which includes economic, technological, political, social, scientific and cultural aspects, the links between globalization and health are complex and globalization is a multifaceted phenomenon that can affect health in countless ways. Its consequences can be either direct, at the level of whole populations, individuals and healthcare delivery systems, or indirect, through the economy and other factors, such as education, sanitation and water supply (Woodward et al, 2001). To focus on those risks to health or the problem to the world, it is realized that the central
CALELAO, Kyla Ellen, M. SURVIVING THE CYNICAL EFFECT OF GLOBALIZATION IN THE COUNTRY “We were all humans until, race disconnected us, religion separated us, politics divided us, and wealth classified us.” Despite of the great impact of it in the advancement of our country, globalization has been threatening our lives and the worst thing is that we, Filipinos, are not aware of this threat brought by the phenomenon. The widening of the gap between the rich and poor people, a result of globalization, puts the Philippines deeper in the quicksand of poverty and also causes social injustices among men.
Through globalization, people around the world share information as well as goods and services. As a result of globalization, consumers around the world enjoy a broader selection of products than they would have if they only had access to domestically made products. International trade has stimulated tremendous economic growth across the globe-creating jobs and reducing price. As globalization accelerates change in technology, more jobs are created and as a result more people are employed thus increasing their purchasing power. As the demand of consumers rise, more and more products are produced to suit the needs and wants of the people.
Firstly, globalization only serves the interests of developed countries like the US, European countries, China, Singapore more than developing countries such as Vietnam, Thailand, Africa (Is globalisation, n.d.). According to Lianna Amirkhayan (n.d.), the uneven distribution makes a big difference in income between developed and developing countries. The rich countries still maintain their wealth which even double rich, compared to developing countries. Secondly, globalization creates a moving wave among people in developing countries. They move to other countries to find a better chance to work.
However , the following are the benefits of globalization. They are as follows. 1. Globalization creates opportunities for the socio economic development among nations or state. 2.
Introduction Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.