Globalization is the method by which business, corporations, individuals start to operate on an international scale. Globalization has empowered monetary advancement, social and political impact. Though globalization is advantageous to the individuals who have worldwide systems while others are barred. The counter globalization development surveys the importance of globalization.
Immigration is an attribute of economic and social life throughout many nations, but the portrayal of immigrant residents pretty much varies. Disregarding its origin, immigration has significant effects on our communities, and these can be arguable. The economic influence of immigration is not an exception. Moreover, the United States of America take a leading position as the world’s main destination for immigrants. It is first necessary to explain that immigration enhances the U.S. economy, improves labor productivity, incentives innovation, assists consumers by maintaining low prices, and refines US culture and society.
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
In 1750, Britain, the world’s financially most created nation at the time, had a per capita GDP of almost $1,200 (in today’s dollars). Sometime recently the to begin with Opium War (1839-1842), too known as the Anglo-Chinese War, the Qing royal government permitted outside trade — counting the apparently illegal opium imports—only at the seaport of Guangzhou (Canton) and limited contact between going to Westerners and the local Chinese. Royal authorities dreaded that the presentation of Western realism and commercialism, as well as the nearness of crusading Christian ministers from the West, would disturbed the conventional Chinese way of life and weaken the ancient Confucian, Buddhist, and Taoist standards, values and customs.1 The Qing tradition, which had ruled since 1644, lived beneath the self-delusion that semi-feudal China could stay until the end of time in amazing separation from the rest of the world, counting from an industrialized West which was clearly exceeding
Some scholars have pointed out that “globalization has fueled economic developments in both developed and developing countries, but has also intensified both positive and negative interdependence among national and religious cultures”. ( Chiu, C., Gries, P., Torelli, C. J., & Cheng, S. Y. 2011) It is a general problem which is not happening in China only. Besides, people’s values may have changed through the process of world globalization in the aspects of cultural psychology and cultural identity. According to my knowledge, Chinese now even attach more importance to western festivals such as Christmas and Valentine’s Day rather than our own traditional festivals.
In turn, workers will not only better their quality of life, but will also boost their country’s economy through spending. As suggested by the International Labour Organization, “…international labour standards are an essential component in the international framework for ensuring that the growth of the global economy provides benefits to all” (“Introduction to International Labour Standards.”). International labour standards will provide a more equal distribution of wealth as well as indirectly boost the global economy through stabilizing individual economies. In conclusion, regulatory labour laws will not inhibit the growth and development of the global economy, despite the claims made by companies presented in Kernaghan’s video.
Among others, is the condition of the internal stability of the State and the political and legal aspects of the law that can guarantee the sustainability of an industry empirical .The research of Bhagwati also proves that the US investment will be more widely available in countries that have ratified the convention on the rights of workers put forward by Labor Organization international (ILO). Analysts at ILO also found that the level of the higher union is directly proportional to the inflow of investment . In short it can be concluded that multinational companies will not invest to countries that ignore or violate labor rights .View from my explanation above , I strongly believe that globalization has increased the competitiveness of the workforce . This occurs because of increased competition each company gradually began to improve the competitiveness of the goods and services they produce in order to survive in an increasingly open competition due to globalization and the free market.
There are also several determinants that contribute to economic growth in different countries. In the global platform, the main determinant is the international trade between countries where some have a better trade than others. To be productive, a state requires some drivers with the main determinants being political climate. The political climate in any country sets the stage for all other factors because the leadership determines the level of peace, ease of doing business, technological advancement, and production capacities. The other determinant land is an essential factor of production as well as capital and labor.
Globalisation has been perceived as a solution to reduce income inequality across the globe. This could be explained by improvements in infrastructures and communications, which allow the developing countries to close the gap with the richer developed countries. Moreover, the theory of comparative advantage also supports this stand. However, the article suggested that despite this supposedly positive global phenomenon, inequality has instead worsened within many developing countries. One possible explanation to this issue could be the problem of outsourcing, where there is a distinctive difference with regards to the rise in productivity between the skilled and unskilled workers.
Of necessity, moral standards may change as a result of society development. An example of this is globalization. Globalization is the increasingly closer integration of countries and peoples of the world brought about by the advancement in technology knowledge. Many scholars including Dr.Sylvain Ethrenfeld points out globalization reshapes our moral values. He supports his argument in illustrating how world trade changes government policies and moral standards in treatment of workers, illustrated by the US minimum wage.