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.
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.
Globalization has been often described as the growing interconnectedness of ideas, economies, cultures and people from all around the world. As nations around the world continue to modernize and adopt new technologies, they are undeniably becoming more and more intertwined with one another. The outcomes created through this process have subsequently spurred controversial debates on both sides of the spectrum. While many individuals perceive globalization as beneficial process, others have argued that this process should be approached with great caution. A plethora of arguments and evidence have been brought about through this discourse supporting both advocates and opponents of globalization.
The world has changed, and this is because of Globalization. Globalization is a process of global economic, cultural and political integration. It is one of the most tremendous impacts the world has experienced, especially on the economic sector since it has defined our global economy on the last couple of years. It has benefited countries throughout the years, however, now it has become a controversy. People have started to argue about their country 's situation and wonder if they are being affected or benefited from this action.
This process makes the competition for the domestic manufactures, industries and encourage high rate of efficiency. The China’s government supplied some more ways in which to develop its domestic and foreign investment. Conclusion: In point of fact, globalization provides the world opportunities for developing countries to keeping up with the altering world out of their origin homeland. As well as that globalization helps developing countries to cope with rest of the world enlarge their economic development, find a solution for poverty problems in their country. However, it has made the connection between developing countries and developed countries stronger, it made each country rely on another country.
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.
It is really important to think that globalization creates the circumstances for development and economical growth but also leads to a number of disadvantages. Below there will be listed clearly the most important pros and contras of globalization. Advantages of Globalization: One of the most important effects of globalization is the inward investment. Many TNCs decide to invest in less developed countries by building a new company or even a factory. ' ' The integration of the workforce in developing countries into global system of production is already raising living standards, improving working conditions and creating more jobs in those countries. '
Globalization “The act or process of globalizing, the state of being globalized, especially the development an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of free foreign markets.” This is the definition of globalization that comes up on Merriam-Webster dictionary. When this definition is read, globalization seems like a pretty good thing. There are many reasons why globalization is a very good thing. Globalization not only benefits the economy, but society, and surprisingly the environment. The thing that benefits the most from globalization is the economy.
Globalization has made its way into the history of countries over the years due to the fact that it internationally integrates and interchanges different aspects of people, culture, views and products. This international integration has added to the advances of many sectors in countries both negatively and positively. But agriculture has sustained the world for millions of years and has been greatly influenced by globalization. Globalization has impacted agriculture where food is brought, produced and grown. These changes in agriculture due to globalization have immensely affected the environment and the economies of countries particularly in Central and Latin America.