Does Globalization Make The World Better Essay

The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).

Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries. There are so many advantages that globalization brings to developing countries like free trade, technology transfer and reducing unemployment.

Globalization has its bad sides but is not all bad, it has lead to a greater trade network between countries and has saved lives by spreading information, medicine, clean water and food. But it also has its major down sides like outsourcing resulting in lower prices for goods but lost jobs for developed countries and poor paying, miserable jobs for developing countries. So, overall i think that globalization is good in some ways but In the past and present it has affected many people

(Collins, 2015) But then continues with some points that seem more valid to me, "The general complaint about globalization is that it has made the rich richer while making the non-rich poorer"(Collins, 2015) and "Globalization is deindustrializing America as we continue to outsource both manufacturing blue collar and white collar jobs. "(Collins, 2015) Because we are in a whirlwind of globalization we loosing jobs ourselves.

Economic globalization refers to the free movement of goods, capital, services, technology and information around the world. Since the 1990s, due to the improvement of advanced communication technologies and the rapid expansion of multinational corporations, economic globalization has become an important trend of the world economic development. This trend not only provides a broader space for international markets for all countries, but also aggravates the competition among countries for market and resources. Economic globalization is an inevitable result of the development that no country can evade. In this paper, we will discuss that economic globalization is beneficial or not to developing countries.

Introduction Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.

To what extent does globalization contribute to sustainable prosperity for all people? Globalization contributes largely to sustainable prosperity for all people. Sustainable prosperity is when people of any ethnicity,religion or gender have all their needs met, all have an equal opportunity to create wealth and all to have the chance to pursue happiness. There are many groups that try to make sure everyone has sustainable prosperity. Based on the perspective demonstrated the source should be embraced to a certain extent.

First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries.

The founding of WTO in 1995 increased the conflict between economic globalisation and the protection of social norms until now because of WTO aims at further trade liberalisations. While there is no universally agreed definition of globalization, economists typically use the term to refer to international integration in commodity, capital and labour markets. There are many impacts that existed after the introducing of WTO.

In the early 21st century, those living in the developed world encounter the effects of globalisation on a daily basis. On a most basic level, from the Internet to the food that is consumed, it is possible to instantly access a different part of the world. Globalisation has also affected lives in ways that are not instantly obvious – views, beliefs and attitudes shaped by globalisation have changed how the world is perceived. Globalisation is different in the 21st century to how it was in the 20th century, and though the most underlying difference is the rapid development of technology, there are subtle ways in which it has changed – and ways in which it has not changed at all.

This applies to all stakeholders’ groups - investors, business managers, labour, suppliers, consumers, administrative bureaucrats and politicians , government servants, young and old men and women as also all types of organizations - firms, trade associations, civic authorities, civil societies, social and cultural organizations, religious centers, scientific bodies, educational centers, political parties, the military organizations. Those who cannot adapt to the global forces sooner will lose their stability and struggle to survive. Those who adjust and convert global opportunities into strategies that make them stronger and continuously relevant so they deal with the threats from the environment more effectively. Globalization is the main factor of the international business. This is a new era of globalization that brings with it opportunities and also new challenges with the dynamics of a free market.

However, globalization is controversial. The proponents of globalization claim that it gives an opportunity to the poor countries to grow and develop economically. On the other hand, opponents claim that free market has benefitted multinational corporations at expense of the local people, culture and enterprises. The management concepts create a significant

But some scholars also claim that “Globalization” is a new trend which technically emerged only in modern times or during the 20th century. However, the fact is that “Globalization” took place as a process of mobilization of human capital, travel, cultural exchange, free trade and modernization. Over the years the trend of globalization has seen some basic changes, which is the topic of this essay. This essay is about the difference between the trend of globalization in 20th century and 21st century. The trend of globalization in 20th century and 21st century differs in the following way:

Globalization makes way for international investment and trade, there by establishing trade and bilateral relations between countries. 3. Technological diffusion and the distribution of economic development from rich to poor countries. 4. Globalization creates freedom to choose markets among globalized economy.

Then I will state the links between globalization and some of the other lectures that we have covered this year, I chose this lecture because it’s one of the most important parts of any business environment worldwide, globalization has also introduced many developments such as internationalization, liberalization etc. Topic Discussion: Globalization has opened the doors between all businesses and countries worldwide, it has created connections without boundaries and a global exchange of information, cultures etc. It has widely increased the flow of money exchange and foreign investments in countries, and created an involvement between different people in many political, social and economical activities. Changing world politics, technological