ipl-logo

Advantages Of Globalization

1464 Words6 Pages

“Globalization” refers to the procedure of connection and mix among various individuals, organizations, governments or countries. This process is driven by international trade and investments, which are only possible through new and innovative information technologies. They are influenced by different factors like socialization, politics, economics, cultural, technology as well as regional and national factors. Today you can buy or travel easily for more understand this is some easy example to refer about globalization
“Your shirt was made in Mexican and yours shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch and American film in Rome.” (English Online, 2013). Especially for …show more content…

I am convinced that globalization provides many benefits for us as individuals but also for every country in the world. Many professionals, economists and politicians align that the process of globalization is a huge benefit for economies worldwide. Through this process different trade markets are getting more competitive but also efficient at the same time. It balances the unequally between different countries and prevent eventually some military conflicts.
The Milken Institute’s Globalization of the World Economy reports that even if there are many benefits regarding the globalization, there are still several risks which should not be underestimated by investors or governments. Nevertheless it is important to mention that especially the net benefit for many countries increases due to the globalization. Therefore governments, individuals and nations should embrace this movement.

2.1 Economic …show more content…

Theory of economic have comparative advantage suggest that free trade leads to more efficient allocation of resources, with all countries involved in the trade benefiting.
One of the poverty country is Sub-Saharan Africa where globalization has lead them to be better life by compare with some area that have less affect globalization. According to the research paper “Globalization – Today, tomorrow” Sub-Sahara Africa (Adams Samuel) economics growth from 1970 to 2008. Globalization supports and integrates economies from all over the world. Through the globalization, every country has permitted for import and export goods or services with low barriers and cost.
Learning and transferring knowledge from the developed country to undeveloped country especially latest technology improved their own country by, the high technology help agriculture, transportation, telecommunication, education, health and also medical treatment. In the past, workers are works by hand on the other hand globalization making your life

Show More
Related

  • Dbq Essay Globalization

    1233 Words  | 5 Pages

    Globalization has had an impact on just about everywhere in the world, whether it be positive or negative. There have been many benefits and good things that have come out of this international movement. We have more goods, we are more connected, things are easier to do, goods are cheaper, and life values and conditions have improved, but what about the people who don't have access to these benefits? What about the people we don't talk about, the ones who make those cheap goods? For some, many negatives have come out of globalization, like decreased living conditions and isolation, even if in our eyes it seems all good and like we couldn't live without it.

    Read More

  • What Will America Be Remembered For Essay

    563 Words  | 3 Pages

    As Entertainers I was recently in France this past summer and, despite being thousands of miles away from my home, I was surrounded by posters for an upcoming film, Paper Towns. The new world of shared culture we’re all adjusting to is an odd one; America has led the crusade to create a similar global culture everyone can relate to through music, movies, and more. Americans loved distraction; sports, music, movies, anything that was fun. In the same way the Caesars built stadiums to keep the Romans happy; the US government strongly encouraged consumerism and the idea of relaxation. As hundreds of countries around the world slowly adopted American pop culture, another strong tie of globalization was

    Read More

  • Dbq Essay On Globalization

    834 Words  | 4 Pages

    Globalization in the past 80 years has connected our world exceptionally well compared to the years before. Just under 80 years ago, when World War II ended, people saw an opportunity to grow together and learn from past mistakes. Globalization has brought the world together which has caused poverty rates to go down, work systems to become stronger leading to more accessibility, and overall life expectancy to increase. Globalization has forever changed the ways of the world and will continue to benefit people by bringing us together to become one substantial world. Globalization has benefited our world involving the decrease in poverty rates.

    Read More

  • Netflix Ethos Pathos Logos

    780 Words  | 4 Pages

    In his article "Netflix’s Plan to Rule the World" published in The New York Times, Farhad Manjoo describes how Netflix is changing the way we consume media and how it is using a strategy of open-border digital cosmopolitanism to gain viewers all over the world. The author argues that this strategy is fundamentally different from the one adopted by other companies that aim to sell American ideas to a foreign audience, as Netflix's goal is to sell international ideas to a global audience. Manjoo supports his argument by discussing the diverse and eclectic tastes of Netflix's viewers and the incentives created by the company's subscription-based business model. He also gives examples of some of the most watched and culturally significant productions

    Read More

  • Does Globalization Contribute To Sustainable Prosperity Essay

    836 Words  | 4 Pages

    To what extent does globalization contribute to sustainable prosperity for all people? Globalization contributes largely to sustainable prosperity for all people. Sustainable prosperity is when people of any ethnicity,religion or gender have all their needs met, all have an equal opportunity to create wealth and all to have the chance to pursue happiness. There are many groups that try to make sure everyone has sustainable prosperity. Based on the perspective demonstrated the source should be embraced to a certain extent.

    Read More

  • Movie Made America Robert Sklar Summary

    812 Words  | 4 Pages

    Josiah Koser 04/10/2017 Robert Sklar, Movie-Made America, Random House inc., New York City, New York, 1994. The argument made by the author Robert Sklar in his book Movie-Made America has to do with the impact that American movies have had on the country's culture and society as a whole. Sklar says this by stating that, “American movies, through much of their span, have altered or challenged many of the values and doctrines of powerful social and cultural forces in American society, providing alternative ways of understanding the world.”

    Read More

  • The Impact Of Globalization On Apple

    1025 Words  | 5 Pages

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

    Read More

  • Negative Effects Of Globalization: The Rwanda Genocide

    848 Words  | 4 Pages

    Globalization has its bad sides but is not all bad, it has lead to a greater trade network between countries and has saved lives by spreading information, medicine, clean water and food. But it also has its major down sides like outsourcing resulting in lower prices for goods but lost jobs for developed countries and poor paying, miserable jobs for developing countries. So, overall i think that globalization is good in some ways but In the past and present it has affected many people

    Read More

  • The Impact Of Globalization In Germany

    1127 Words  | 5 Pages

    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.

    Read More

  • The Impact Of Globalization On Human Rights

    878 Words  | 4 Pages

    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.

    Read More

  • Ethical Issues In International Business

    730 Words  | 3 Pages

    Introduction Globalization is a fact of Economic Life – Carlos Salinas De Gortari. Globalization is not a new thought. This process of interaction and integration among the companies, people and government of different countries is happening from ages. Technology has been the major driver of globalization. Economic life has been transformed dramatically by the advances in information technology.

    Read More

  • Advantages And Disadvantages Of The G20

    1826 Words  | 8 Pages

    This paper will explore both the advantages and disadvantages that globalization has on the world. Globalization is good for economy. First, Enterprises can operate internationally, and production can be produced internationally. Similar to poor countries like Africa, although they are poor, they have a lot of cheap labor, other countries will make their goods

    Read More

  • Advantages And Disadvantages Of Globalization In Developing Countries

    1006 Words  | 5 Pages

    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.

    Read More

  • Reflection On Globalization

    731 Words  | 3 Pages

    The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

    Read More

  • Benefit Of Globalization In The Philippines

    945 Words  | 4 Pages

    As the saying goes, “there are two sides of a coin.” In the same way that globalization can be a boom for international trade; it can also have devastating effects. This essay highlights the benefits and adverse effects of globalization in the Pacific. It will also discuss how the government has adopted policies and trade agreements to keep up with the accelerated pace of globalization and how we the people of the pacific can deal with the biggest threat to our region which is “global warming” and its effects. Benefits of Globalization in the Pacific Free Trade Free trade is probably the biggest benefit that globalization has brought about.

    Read More

More about Advantages Of Globalization

Open Document