Essay On Impact Of Globalisation On Society

With the re-emergence of globalization in the 1970s, globalization has not only transformed the world into what it has become today, but it has also impacted and influenced almost every aspect of our modern lives. Globalization is defined as a process of interaction and international integration at a global level, due to the development and expansion of products and services being exported and imported worldwide. In addition, globalization is influenced in terms of success or failure through the aid of technology and major factors such as the surrounding cultural and social environment , which helps to bring businesses together in the global market. In order to create an effective global market, the support for globalization has the ability to bring about many favourable circumstances and new opportunities to development and growth in countries. For example, studies from the article, Impact of Globalization on World Society,

With rates of unemployment continuing to remain high within the country, India has seen a surge in emigration (in this case, labour migration) due to a series of economic factors which maintain the “motivation behind emigration”. These economic factors include poverty, lack of jobs, and the income gap, which could simply be the reason why people move. With the end achievement of creating new jobs with the effects of globalization, there is still minimal amounts of jobs being offered to university graduates from India. De facto, several graduates from universities all around India migrate to the United States, which warrants up to almost about a half of the population (about 40%) , simply due to the reason of lack of demand for jobs and low wages. This can be a major complication to the citizens of India as it forces workers to migrate to developed countries, and therefore, it disrupts the social fabric of their own