Social globalization describes an exchange of values, ideas and it has facilitated the promotion of equality, dignity and human rights. Finally, the major effect of globalization is produced in the world economy. The aim of globalization is the growth of the global economy by giving firms a superior competitive position with lower cost through free trade and by increasing the number of consumers, products and services. Some people said it helps developing nation-states to “catch up” the industrialized ones and it improves the overall standard of living. Nonetheless, there is a risk for smaller companies that cannot compete in an international market and world governments should promote international investments and try to eliminate barriers to trade even if it causes them some
Globalization is right for sure countries, along with the ones within the evolved world or global North where wealthy countries just like the U.S., united kingdom, and Germany can sell extra products and items to new markets inside the global South or poorer nations which include the Philippines and Indonesia. Globalization plays a vital function in presenting no longer only products and services but also method of living and the manner of boom and improvement. the following are some of the monetary benefits of globalization in connection to overseas groups: • Reduces worldwide poverty via imparting work to people. • Contributes to the spread of era by way of introducing new techniques of development. • Provides to the profitability of companies and agencies via earnings and global income.
Organizations like IMF and WTO also promotes free trade organization that is one of the causes of globalization. The concept of global banking is another factor that caused globalization. • The growth of MNCs- The multinational companies growth within previous years like Nike, McDonald 's ', Microsoft and Apple is another cause of globalization and a consequence too. the growth of MNCs made globalization more reinforced and known. Globalization allows the MNCs to freely produce and move goods and services in the international markets worldwide.
I think globalization is very important and it become more necessary for now socials, so I want to talk about globalization. Globalization is the fact that different cultures and economic systems around the world are becoming connected and similar to each other because of the influence of large multinational companies and of the influence communication. Globalization will increase opportunities for firms to expand production in foreign markets, and countries has many benefits from economic synergy and collaborate in handing political, social and economic challenges and broad market allow producers to get more goods , and the global supply networks more purchasing options for the public and private entities. I collet some information from
There are so many advantages that globalization brings to developing countries like free trade, technology transfer and reducing unemployment. Trade liberalization is an economic type that countries can import or export
Globalization can be defined as the growing interconnection of the various nations worldwide through the increasing volume and variety of cross border transactions which results in capital flow , and also through the more rapid and widespread dispersion of technology (Hill, 2011). Globalization is the harvest of human modernization and technological progress. It refers to the increasing amalgamation of economies across the globe though trade and capital flows. The term also refers to the migration of people (labor) and technology across international borders. It has the potential of making societies richer through trade and creates an environment of knowledge and understanding across the world.
Due to globalization, the economic borders between countries have vanished around the world since the 1990s and primarily in developed countries the capital accumulation has risen. Thus, the countries can no longer isolate themselves from the rest of the world. After the large scale globalization, all countries had an effect on each other in political, economic, financial, social, cultural, and many other fields. When regional combinations were getting increasingly common together with globalization, the circulation of capital has drastically increased in synchrony with the increase in capital accumulation (Rubio, 2001). During this process while the free flow of capital has risen, trade has transformed into a more liberalized version and consumer habits have gotten to be like each other.
The Causes of Globalisation Globalisation has many causes but the one we take seriously is the economy and leave out the rest, the global causes have contributed on the world’s economy such as technology, financial, multinational corporations, labour and foreign direct investment. Technology, over the past decade technology has improve the way the economy works and communicate (people could sent important emails to a client who are half way across the world); technology has made a huge improvement in our everyday life’s through the internet (Scholte, 2000:101 in Hirst & Thompson
1) What do I think of when I hear the term globalization? My impression of “globalization” lends to the cross-pollination of cultures and their associated technologies, politics, tourism, environmental, social, economic, trades and commodities that impose and influence world growth and development. 2) a) Which major trends, developments, and phenomena are caused or influenced by globalization? Associated trends and developments of globalization having a profound effect on a multitude of areas globally that appear to be at the top of the list are; i) The tourism industry – With the globalization of the tourism industry, advancements in modern technologies and engineering have enabled global transportation more efficient and less costly to