Advantages Of Globalization

Globalization reduces poverty and brings up the life expectancy. According to the World Bank, in 1994 India's poverty headcount ratio was 45.3% and in 2012 it has gotten two times better. Another improvement is Ethiopia. the World Bank headcount poverty was 45.5% in 1995 a study in 2011 shows it has gone down 29.6%. Globalization has helped other countries build up their economy because once they have a factory that originated from a US company they can give jobs to people in the different country.

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. According to economic and political writer Doug Bandow, “Some critics of globalization have contended that the process has helped the rich and hurt the poor. However, the best research indicates that this is accurate: ‘Poverty is falling rapidly in those poor countries that are integrating into the global economy.”. In both documentaries “The True Cost” and “Living on One Dollar” we can see how companies exploit their employees for consumer benefit, as well as the social and economic inequalities that are attached with globalization.

Since the 20th century, people have become globalization in their social life. The actions of people and the view of the city are almost the same with other countries. Globalization is not the fashionable word in the world, it is an important word of human economics. There have some economic professions said it could be dangerous of the transaction in different countries, such as global economic crisis. However, globalization has some positive points that it makes people’s lives become better. Even though it has some negative effects on the human such as air pollution, but it also has many positive effects. Nowadays, not only the government, but also people are enjoying globalization in economics, immigration, and knowledge.

export capital (factories, jobs, resources) for production abroad (remember, you will want to concentrate on the ethics of this proposed action, rather than the political or legal implications) on

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

Through globalization economies all over the world, rich and poor, grew at a faster pace and

Globalization 1.0: It shrank the world from large to medium. The forces were a power of the country and its deployment and the duration was Columbus era to 1800.

Globalization has influenced many in developing their countries into the modern world. The spread of globalization includes economic, social-cultural, and political aspects that either hurt or help a country in that transition. It has created world affairs and integration. In some regions, its integrated with both advantages or disadvantages. In the Middle east, Westernization influenced these three aspects positively. African nations suffered lack of trade and Socialism when the Europeans withdrew from the countries and they gained their own independence. In Indus Valley, the Hindu caste system brought misfortune to people in the Hinduism region.

Globalized cities act as connections between nations around the world, thereby creating the international economy and fostering the development of impoverished nations by increasing the mobility of capital and jobs. The mobility of capital and labor can be beneficial to international corporations that are capable of taking advantage of international business opportunities. This aspect of globalization can encourage the movement of the operations of large corporations to developing areas that are in need of investment. While the movement of those corporations into developing countries can be beneficial to the region as a whole, globalization does not always affect all members of a population equally. Certain populations still struggle to find adequate housing, employment opportunities, and healthcare despite the overall economic development in their city. To maximize the benefits of globalization, it is also essential that city officials understand the importance of creating a cohesive vision to guide the growth of an aspiring global city.

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

Globalization is the process of increased interconnectedness among the countries most in the most known popular areas of economics, politics, social, and culture. All of these areas are key aspects of each country and what makes them individualized. Globalization allows for countries to be able to be individuals without the conflict of their differences because of the power used to work as a whole globe. Globalization is a positive thing for the entire world, it allows for lots of development in our world by the connection there is between all of the countries interdependence on each other. The different points of globalization claim that it will lead to convergence of income, access to knowledge and technology, consumption power, living standards, and political ideas.

Globalization is a term used in literature to refer to the increasing interconnectedness between markets in many countries. With the advantages of new technologies, assets and investments can now flow through international borders faster than they ever have at any point in history. Many corporations have taken advantage of the opportunities to expand internationally and operate on a multinational basis; some span the entire globe in their business operations. The level of economic interconnectedness has also had implications for politics and foreign policies of the governments involved. However, the one of the most interesting developments with the increasing demand for energy; often referred to as the globalization of energy.

Is everything that is sold in America are made in other countries? Not everything, but most of it. Don’t we have enough resources? Yes, we do. Don’t we have enough labor? Yes, we do. So why are we using foreign labor for manufacturing products that will be sold in USA. Globalization is the way recourses, businesses are expanding globally. Globalization started to become real popular after World War 2, when small and large businesses started to grow and expand. Globalization, the word in the modern economy that can explain why companies expand globally and using foreign manufactures resources to make goods and services that will be sold domestically and what are the advantages and disadvantages of it.

Today, globalization concepts are mainly used in three areas: social, economic, and political. Because of globalization, an increase in the mobility of goods and people, communications, corporations, and standard of living has occurred but also a loss of culture and environmental issues, too. Some people view globalization as a way of the future while others see it as the source of current global dissent. Globalization is both a boon and a curse when it comes to international trade, wealth, labor, and cultures however it has been impacted and influenced the most by economic interactions.

There are different ways in which companies can expand their activities to gain some sort of competitive advantage. Internationalization is understood as the process of incremental involvement in a country different from the one where business usually happens. The reasons for companies to seek international expansion vary (Morschett 2007):