Nowadays, most people are affected by globalization. Every single day we are using globalization in the term of connection that makes us more comfortable and closely connected. Some people might not know what globalization means. Globalization is a modern concept referring to the improvement of certain elements to make possible interconnected among countries most significantly in the areas of global economic, technology, free trade markets and multinational operation. And no matter where we are at, we were able to get the news of information quickly and widely because of the development of information technology (IT).
Globalization has brought cross-border flows of goods and capital and stronger nationalism and so on. From material form ,globalization refers to the cross-border flow of goods and capital ,through the development stage of translation ,local internationalization and globalization. we can not predict the globalization of national income and loss. It is difficult to have benefits or damages in globalization .Great power ,weak countries ,big countries and small countries can all benefit or suffer. The traditional China was defeated by globalization, but it also emerged from globalization.
However, nowadays, globalization due to the Industrial Revolution and the advances in transport and technologies has reached an unprecedented scope. Globalization can be explained in mainly 3 different areas: in politic, social and economic terms. In politic terms, globalization can refer to the shift of political activities from a single-nation level to a global level and it has been created international organization such as the United Nations. It has also tried to spread democracies all over the world. Social globalization describes an exchange of values, ideas and it has facilitated the promotion of equality, dignity and human rights.
Globalization is an very important thing to everybody. Our life are changing because of globalization. Many people think globalization will give us a better world, but many people don’t agree with it. This paper will explore both the advantages and disadvantages that globalization has on the world. Globalization is good for economy.
Also, because of globalization international business grown, improved and removed a lot of obstacles when interacting with international markets. Then again, globalization can likewise be a significantly enhancing process, opening personalities to new thoughts and encounters, and fortifying the finest all-inclusive estimations of mankind. For the culture factor is like a code we as a human being live with. It also includes the arrangement of convictions, good values, conventions, dialect, and laws (or standards of conduct) held in like manner by a
Having Globalization supports free and better trade all over the globe. However, Globalization can have a negative effect on the world. Employment can decline in a globalized world, It can hurt nations economy, and If country’s cant function together it can create global strife. Globalization is a positive force for the world because it promotes free trade. In a globalized world, free trade is one of the main factors that contribute to globalization.
Globalization involves the increasing interconnection of local and nationalistic economies across the world. It increases border movement of goods, people, technologies, ideas and services throughout the world. It lets other countries to join the rest of the world and become part of worldwide interrelatedness. As the biggest companies are no longer national firms but universal partnership. In my opinion, globalization is an important issue, as it allows countries to collaborate politically, socially and economically.
The indicators of globalization Globalization is the process of increasing interaction and interdependence between societies, economies and nations across large distances. The term globalization not only refers to the movement of goods and services across countries and that consumption has been internationalized through cross-border trade, production has been also internationalized by foreign direct investment. Globalization sometimes can be good and sometimes can be bad. Its effect differs from one country to another. Globalization participates in the increasing power of multinationals all over the world in addition to worldwide spreading of human rights and knowledge.
“Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.” (Reyes-Ruiz, 2010). Up until the late 1980’s, globalization was at an all time low, a minimum. Although it can be argued that this phenomenon has had its positive effects on economies, and perhaps helped less fortunate countries catch up with leading countries, the dangers that globalization poses from others aspects should not be ignored. The local culture in the U.A.E. is suffering from the effects of globalization, distancing nationals from their heritage, decreasing the use of their mother tongue, leaving behind their traditions and forgetting their ethnic beliefs.