Preview

Globalisation

Satisfactory Essays
Open Document
Open Document
443 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Globalisation
Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.[1][2] Globalization describes the interplay across cultures of macro-social forces. These forces include religion, politics, and economics.
Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods are made and sold all over the world, thanks to globalization.
Globalization lets countries move closer to each other. People, companies and organizations in different countries can live and work together. We can exchange goods , money and ideas faster and cheaper than ever before. Modern communication and technology, like the Internet, cell phones or satellite TV help us in our daily lives.
Globalization is growing quickly. A German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization. Fast food companies open shops around the world almost every day.

Advantages * Globalization lets countries do what they can do best. If, for example, you buy cheap steel from another country you don’t have to make your own steel. You can focus on computers or other things. * Globalization gives you a larger market. You can sell more goods and make more money. You cancreate more jobs. * Consumers also profit from globalization. Products become cheaper and you can get new goods more quickly.

Disadvantages * Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers. * Globalization may lead to more environmental problems. A company may want to build factories in other countries because environmental laws are not

You May Also Find These Documents Helpful

  • Good Essays

    For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise). Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies that are connected to it. In this way, reverberations of success are felt across the world, even when they are most profound in one area. Needless to say, this is a very good thing. This is partially a result of what I just mentioned, but wealth equality around the world goes much deeper than that. Perhaps a better phrase than wealth equality is “standard of living.” Globalization does several things that are undeniable at the end of the day. First and foremost for one it creates jobs, which is a priority to the economic success of any market(2, Premise). Along with job creation it improves infrastructure while it also allows more people to live at a higher global level every day. Mainly regular access to medicine, clean water, food production, housing, etc., things we take for granted here in the United States. Many if not most third world countries do not share these same day to day things we categorize as necessities. Things they would refer to as luxuries. Globalization results in partnerships between countries and organizations, which in turn could help bring these countries along in many of these areas. This also makes relations much more stable between both. Agreements are much more frequently found by partners of vast…

    • 801 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations. It is a process driven by international trade and investment which is aided by information technology. The process of globalization has effects on the environment, culture, political systems, economic development and prosperity, and on our physical well-being in societies around the world.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Globalization has invoked extensive debate over its impact and credibility, giving rise to a number of perspectives. Indeed increased globalization has prompted remarkable economic growth around the world. It has led to job opportunities in making the products that are exchanged with different countries. This has produced specialization and comparative advantage. The power of foreign competition has encouraged domestic industries to innovate and it has allowed resources to flow to their highest use as well. Further, globalization is the process that increased the link and interdependence of the world markets and businesses. It is a route of interaction and integration of the people, companies, and governments of different nations, a process motivated by international trade and investment and aided by information technology. The volume of world trade has increased due to globalization. Consequently, more jobs are being available to people and consumers all over the world are enjoying a wider selection of products made from different countries.…

    • 2635 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    With every business or establishment there are advantages and disadvantages about globalization but with the mast majority major companies outsourcing and profiting from it, one cold only see the advantages in it. Globalization in many ways is great for companies; however that does not mean that is is a great fit for the economy. Outsourcing jobs overseas takes away from the quality of service of the product, takes away American jobs, and most importantly takes away money from the economy.…

    • 677 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Globalization contributes to sustainable prosperity for all. By sharing knowledge of technologies and cures we can all achieve a higher standard of living. It increases competition which helps bring down prices letting people get above the poverty line. Globalization is crucial to prosperity for everyone.and share knowledge of cures for different sicknesses that may have been discovered. Globalization also affects competition for goods and services, by increasing the supply, the price of these goods is driven down. This is why globalization benefits the world.…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Firstly, globalization has brought about great leap forward in the economy. The world becomes interconnected and a global market is opened, also spurring competition at the same time. This is a great opportunity for companies to expand and countries to develop their economy. Globalization also raises the productivity and living standards of people in countries and let countries have more business, for example, when a country hosts an overseas company, likely, the company will need to employ quite a number of locals as their worker or labors as it is much cheaper. Therefore the hosting countries can provide more jobs for its citizens. As most people got their own jobs, they have income every month; their living standard will be improved. Corporations also start to change their focus from the local…

    • 1462 Words
    • 5 Pages
    Good Essays
  • Good Essays

    If you look at globalization and no matter what opinion you have on it, it has brought the world to how it is known today. In some countries the benefits have been dramatically diverse, it lead to wealth, increased health and higher security. It increased the standard of living in more developed countries. In some however inferior benefits were provided by globalization, this was generally the case in less developed countries. For less advanced countries it does not always have to be inefficient, it can also provide opportunities to increase the countries economic, political and cultural development. Economics has been the driving force for globalization, such as trade agreements between countries or the introduction of free trade and the lowering of transportation and communication costs. Whether a country is for or against globalization one of its main interests is going to be economic growth and development in order to be able to provide a higher standard of living to its population. Without the movement to a more efficient economy a high standard of living cannot be provided. Main economies such as the ones of the United States of America or East Asia and…

    • 1907 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    The international trade of goods and services, the widening and freeing of trade has led to globalization to increase at a rapid pace.…

    • 1688 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    As we know from the simple principle of microeconomics that” people face trade off”. We are better off when we trade off. People have to give up something which they have to get something which they do not have. What globalization has done to the human kind is beyond imagination. We have the access to resources which one could not even think of before globalization. There are five factors of production, land, labor, capital and organization. These are the resources which are leveraged to optimize the production of goods and services. After globalization market has become free and every country has access to each others’ resources. There are two things which work, one the country is benefitting because of export and the country is able to generate goods, services and employment by exploiting other country’s resources. So both of them are complementing each other and participating in mutual development. If you look at the tag on your shirt, chances are you would see that it was made in a country other than the one resides. What's more, before it reached your wardrobe, this shirt could have very well been made with Chinese cotton sewed by Thai hands, shipped across the Pacific on a French freighter crewed by Spaniards to a Los Angeles harbor. This international exchange is just one example of globalization, a process that has everything to do with geography. As more money is poured in to developing countries, there is a greater chance for the people in those countries to economically succeed and increase their standard of living. Global competition encourages creativity and innovation and keeps prices for commodities and services in check. Developing countries are able to reap the benefits of current technology without undergoing many of the growing pains associated with development of these technologies. Governments are able to better work…

    • 2310 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    the blue bouquet

    • 709 Words
    • 2 Pages

    Under the best conditions, globalization reduces barriers allowing the worlds countries to interact closer with one…

    • 709 Words
    • 2 Pages
    Good Essays
  • Good Essays

    However, there are some benefits of globalization. Some people argue that money is now able to flow freely across boundaries that were once limited. An article found in Forbes Magazine explained how Sony could sell a Playstation game console or TV just as easily in the United States as Tokyo. The same goes for Apple with its iPhones and other tech…

    • 399 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    In the advantage aspects, globalization is good for freedom and prosperity between international transactions, it creates a free market in the whole world, it helps country to attract more investment, hence, globalization promote the growth of the economics, create more jobs and reduce poverty, then, people get more money and their life standard becomes better. All of these are the good influence of the globalization.…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Module 1 Hw

    • 1353 Words
    • 6 Pages

    Globalization is increasing interdependency of nations and businesses throughout the world. It has had a profound effect on both markets and production. It has lowered or eliminated government barriers to export-import trade. Gives firms access to the worlds vast offerings of food, clothing, and other manufactured goods. Companies can also benefit from foreign manufacturing, shifting factory production to less developed, cheaper labor countries.…

    • 1353 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Anti Globalization

    • 201 Words
    • 1 Page

    Globalization is not a benefit for those countries, who exports raw materials and imports manufactured goods. For example, China exports their goods around the world and they have huge benefit from this. Another example, African countries which exports a lot of raw materials such as cotton, diamonds and minerals and their economic doesn’t grows at all.…

    • 201 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Globalization is the captivating catchword all over the world. Some may praise its gainful fortunes while others denigrate its disfavoring vices. Globalization, as an economic phenomenon, denotes the integration of national economies to global economy through trade, investment and capital flows. Globalization helps move people and flow technology over international boundaries. It removes borders and barriers to trade between nations .In fact globalization deepens international relationships and broadens interdependence among people and the nations in the world. It entails free movement of capital, resources and people across national boundaries. It permits free trade, which helps enhance economic growth , that in turn reduce poverty and unemployment of the people. Economic globalization thus pre supposes free trade, which necessarily enhances economic growth that helps reduce poverty among nations.…

    • 2231 Words
    • 9 Pages
    Powerful Essays