Pros And Cons Of Globalization

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INDEX Introduction In this research paper the post modern theory of global vs local identity will be explained through research over various platforms, where i will show my understanding on the topic globalisation. What is Globalisation ? Globalization is a process of interaction and incorporation among the people, companies, and governments of different nations. The biggest companies are no longer just national firms but multinational corporations with more devisions in many countries. Globalisation has been taking place for many years, but has speeded up enormously over the last half-century. Globalisation made transport quick and affordable, telephones and the internet alone created a global village. International trade has increased, theres a greater dependance on the global economy. Companies can now operate in more than one country. Freedom of the movement of capital, goods and services. Companies such as McDonalds & Starbucks are world known. McDonalds has 30,000 restaurants in 119 countries. Globalisation has effects on various aspects such as the environment, culture, political systems, economical development, property and on human physical well - being in societies around the globe. pro’s of globalisation? Globalisation has its good and not so good effects , here is some of the good effects it has on the world. Improved transportation like larger cargo ships mean that the cost of transporting goods between countries has decreased, because of economies of

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