The recent technological inventions has brought down the cost of voice conferencing. International webinars are held now and then. Due to deep penetration of Internet, even small eCommerce companies are making cross-border transactions.
An increased sense of humanity , and the brotherly feeling towards global community, has inspired organization to serve people around the world.
Movement of people to foreign countries a for education in international universities, and b for looking for better job opportunities. For example, Indian people form the largest diaspora in the world. In the present age of globalization, the economy of countries are inter-dependent. If the economy of one country fall in danger, other countries also feel the pain. Businesses are engaged in international transactions. Export-import among countries involves a massive amount of money.
For example, China has become a massive manufacturing hub. The electronic goods manufactured in China are sold across almost every country of the world. Multinational-companies have economic interest across several nations. They have big market and make huge investment in foreign countries. Almost all parts of the world are interconnected to the rest of the world in different ways. Barriers, which initially isolated countries, have been removed. In the recent times, higher levels of integration have been achieved.
Initially, countries only integrated economically. This is now outdated. Other areas of human life have also been put in the circle of integration. This is commonly referred to as globalization Ghauri Globalization is the process by which countries, economies, and regions have been integrated in a global network. In the past, globalization primarily used focus on the part of the world involving economy. Only factors of the economy were considered as an important part of the globalization.
Foreign investment and international flow of capital and trade were held high in the globalization chart. The range of globalization has been broadened to bring in other activities and areas such as sports, media, socio—culture, technology, and politics. Biological factors such as environmental and climatic changes have also been regarded highly. Various factors have played important roles in making globalization a success.
Effective communication across the world has been a major contributing factor. Costs of communication have reduced drastically, leading to enhanced communication. This has been facilitated by the growth of information technology since it has enhanced the communication process. Transportation network and immigration links has also been cited to be critical in globalization Ghauri As indicated, globalization has various effects.
It has played a major role in the current development in the world. One of the main areas that globalization has affected greatly is the environment.
The environment encompasses living things and non-living things on the surface of the earth. It also comprises of the non-living things that have been put in their place by activities of human beings. Globalization has affected the environment both positively and negatively.
Truth be told, globalization has been going on for centuries and centuries. Business trade done with other countries and regions of the world occurred and has spawned exploration and commerce from the time Europeans traveled to Asia for spices, South America for various ores of metal, and Africa for diamonds. Globalization is not new, however what is new is the technology and rapidness of communications with the information age, e-commerce, low cost manufacturing, and availability of trade.
Globalization in essence has opened a broad spectrum of an interconnected and interdependent world with trade of goods, services and even capital on an international level.
One would think that with all the war and strife in the world globally, having commerce to bring countries together would be a positive thing. In a general sense, it does. At the heels of a global economic recovery, most attention is focused on the immediate for the layman or common citizen anywhere in the world.
Here in the United States, we have experienced factory closures and relocations outside of the United States, layoffs, economic crises due to the stock market plummeting, higher taxes for the middle class, cost of living rising, etc.
It seems the country is trying to recover great financial loss without replacing jobs that have been lost domestically with higher taxes on the people who have lost the most, the middle class. While corporations are busy opening up offices and factories in other countries in a bid to cut overhead costs and have better footing on Wall Street and with their global competitors.
The Implications of Hyperglobalist Globalization on World Regions - Even though the globalization skeptics and the transformationalists both have viable interpretations of globalization, I believe that the hyperglobalist perspective is the most accurate.
Globalization is a process and this process makes developments in these countries. First of all is the independence of each of developing countries. The development in industry, economy, culture and polity gives solutions to social problems.
I. Introduction to Globalization. Teachers may want to have the students read this introduction before they read the essays on "Globalization" to provide a basic understanding of the concepts included therein. "Globalization" is a term that came into popular. Essay globalization 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regionaleconomies integrate through a worldwide network of political ideas throughtransportation, communication, and trade.
Check out this interesting essay example on the topic of impact of globalization on trade and employment. Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries.