Globalization And Its Effect On Society

The issue of globalization for the people of the United States has been a long and terrifying problem for them. Although other countries many have had issues with this problem it appears the U.S. is still being affected by it to this day. Although not everyone in the United States may have been affected by the issue. Majority of the people (mid class and lower class) have somehow been affected by it or knows someone that has been affect because of it. This issue of globalization has been talked about by politicians so it appears it had to been a major impact to the country. Thus, this issue of globalization has been an issue for the United States for a long-time way before the twentieth centuries. Therefore, this paper will discuss what is globalization and how it has impacted Americans views and how some people’s views changed because of it and finally, what is the impact of communications technology. All these key topics will help with getting a better understanding of what these issue is and how it has affected society today.

Globalization has done a tremendous disservice to those that seek to create wealth and resource equality. Globally it has created a system where as the counties with access to strong markets, copious resources, and relatively educated populations will succeed, while those countries that lag behind in categories such as those willhave a difficult time maintaining in the global economic system.

Globalization affects everyone, whether intended, directly or otherwise; it has gradually increased its presence in our daily lives. In this essay, I will point out who are the ones benefited and the ones injured from it by breaking down the question in four broad aspects: economic, political, socio-cultural and environmental. Seemingly, I will analyse the causals for this particular outcomes and distributions that indicate that globalization is creating further divergence in our world increasingly fragmented and unequal. The globalization winners – predominantly developed countries, the top 1% wealthiest demographic segments, transnational companies (TNC’s), supranational

Here, researchers looked at data in global income inequality over the past 200 years. By looking at the evidence, Oatley comes to the conclusion that globalization has indeed resulted in the increasing inequality gap with increasing wealth for the rich, which in turn has resulted in the increasing poverty for the poor. According to Oatley, globalization has also transformed social inequality from simply being a local problem (state based) to being an international one. This is to say that wealth is globally being accumulated by the wealthy from the poor. Here, the net effect of globalization appears to be bad. This is not only because of the fact that inequality is on the increase, but also because it has significant impacts on different nations in general. This is to say that globalization leaves various third world countries at the mercy of other wealthy nations. For instance, although the global south (developing and third world countries) are dependent on the developed nations, they are also the producers of raw material and even labor. However, raw materials are sold cheaply to the developed nations, where they are processed and refined and then re-sold at high profit margins. While the developing nations and other third world countries will indeed see some benefits here, it is

In today’s world and economy there have been many factors that affect us all at a global level. Being as technology is increasingly growing at an all-time high and cultures are changing because of these changes, this has led to the world being more globalized. Globalization is the process of interaction amongst people, businesses, governments of different countries and nations, and is driven and or influenced by international trade and international business. Technology has been one of the largest contributing factors to the reason why the world is becoming more globalized. Globalization has both positive and negative effects on the environment, societies, as well as today’s cultures. Cultural globalization refers to the process of spreading one’s cultural values, ideology, and uniqueness on a global level. Cultural globalization can have both positive and negative effects on today’s society as well. A positive effect of cultural globalization is the easy accessibility of different cultural products and commodities. A negative effect of cultural globalization is that smaller, more unique cultures may lose what makes them different and more distinctive from other countries or cultures. Scholars see these changes as part of processes such as cultural hybridity, cultural homogenization and or cultural imperialism. These processes that lead to changes in culture, social order and identity and all of the processes are both similar and different in many ways.

The world we live in today has witnessed a variety of changes, improvements and important events overtime. Yet, the most significant incident for many and especially for business related people is Globalisation. It is a term that is used to describe the exchange of knowledge, services, trade, information, cultures and capital between people, governments and organisations of different societies.

In today’s global society, it has become difficult to find someone that has not been impacted in any way by Globalization. Some societies will be more or less affected but we cannot deny the idea that Globalization impacts everyone, which resulted in a large number of economists and philosophers writing their own opinion and theories on the subject. Based on this idea, I came up with the following question: What drives a company to globalise and what are the implications? I will tackle the question in this essay by first defining what globalization is, explain why companies become global and what are the implications of globalization on different social classes. My arguments will be backed up with evidence from the following authors: Adam Smith, Branko Milanovic and Harry Braverman. It is difficult to come up with an exact definition of Globalization; however, we could define it as the idea of trying to make the world communities become one by integrating world economies. This ongoing process that contributes in making the world look “smaller” by merging economies, societies and cultures to improve global communication and trade has not only economical impacts but also social and cultural.

Globalization is a process that connected the world and has exposed people to one another. According to Campbell, globalization is defined as a “complex web of social processes that intensify and expand worldwide economic, cultural, political, and technological exchanges and connections” (Campbell & et al, 2010, pg. 4). It has become easier to connect with people all over the world and mix cultures. Globalization creates new social networks, multiplies existing connections, expands and stretches social relations and connections, intensifies and accelerates social exchange, and appears as objective and subjective plane (Steger, p.9-15). It has become a new way of life for modern people and it would be impossible for nations to become isolated again.

f the theories concerned with globalization and poverty suggest that globalization has been related to rising inequality between people and nations, and that the poor do not always share in the gains from trade. Some scholars in the international affairs arena like Collins and Nathan have suggested that globalization has a tremendous influence on economic development. Nathan argues for example that due to globalization, 800 million Chinese people have been pulled out of poverty (P.8 Nathan, 2016). Other scholars such as Collins disagree with the previous statement and indicate that globalization has made the middle and lower classes of advanced industrial countries like China unhappy and in addition, it has increased global inequality between and within countries. According to Collins, The UN Development Program reports that the richest 20 percent of the world’s population consume 86 percent of the world’s resources, while the poorest 80 percent consume just 14 percent (P.5 Collins, 2015). In addition, many scholars have emphasized the negative effects of economic liberalization with relation to poverty figures. Some argue that globalization has not helped people out of poverty, but has moved more nations into poverty. As a result, globalization poses a threat to development and equality and increases disparity between people (P.7, Stiglitz 2002).

Globalization occurs in three forms: political globalization, cultural globalization, and economic globalization. All forms work together to expand relationships and create a single place. On its own Economic globalization is a way for economic relations to extend and integrate across the world. Economic globalization and its policies as well as, the ideology of neoliberalism have a way of creating an inequality between countries and creates an endless debt cycle. International economic organizations have caused long-term effects due to the harsh conditions these organizations impose. A prime example of this effect can be seen in countries such as Jamaica. It is important to understand neoliberal policies and economic organizations in order to understand how debt still plays a role in today’s globalized economy.

A transnational corporation is a large company that has a head office in one country and subsidiary offices in other country. The impacts of TNCs are important because they are responsible for employing 40 million people worldwide, have controlled over 75 percent of world trade and effects the world in many ways. TNCs have a great impact on many countries but more specifically, developing countries. A developing country is a poor country of the world where many people have a low standard of living – seeking to become more advanced economically and socially. Some examples of developing countries are: Jamaica, Nigeria, India, China, Bangladesh, China and Afghanistan. There are some good effects of TNCs although there are many terrible impacts too. The two impacts that will be discussed in this report are sweatshops and environmental issues, leading to a low life expectancy.

“Globalization is the process by which everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world.” Presently, the world is considered more globalized than it has ever been. The world today has embarked on strong world relations through trade, exchanging both knowledge and goods. According to the World Trade Organization there are ten benefits of trading systems; the first entails the idea that “people are usually reluctant to fight their customers.” This is the foundation our world is constructed on. Globalization’s effects in the world presently has allowed for a reduction in armed conflicts and warfare.

Large corporations, wealthy countries, and consumers, along with poor regulations are responsible for the negative effects of globalization. It has created a huge divide in wealth among countries and people. “In 1820, the ratio between the income of the top and bottom 20 percent of the world’s population was three to one. By 1991, it was eighty-six to one”(Strayer and Nelson 1030). While the term globalization is farely new, the process goes far back in history. As trade routes were developed, the spread of religion, goods, and technology spread. This is also where slavery and exploitation of people and countries increased, and where the foundations of twentieth century globalization were developed (Strayer and Nelson).

Globalization is a movement that evolves over time. It heavily involves trade and business that builds relationships with border countries and overseas. Technology is a critical part of globalization as it involves connecting people in many ways. “The number of minutes spent on cross-border telephone calls, on a per-capita basis increased from 7.3 in 1991 to 28.8 in 2006” (IMF Staff, p. 271). The growth of technology has made it possible for people to connect almost instantaneously. Snapchat, Skype, and FaceTime allow people to have live conversations from far distances. Sharing information and ideas allows for innovations. Many opportunities can occur from globalization such as growth in Capita, better health care systems, advancement in technology.

This report will discuss the multiple roles of globalization in providing and transferring new and advanced technologies which, despite their significance, can severely damage the environment. This report will also be covering multiple aspects such as what we mean by globalization as a anomaly of changes. What technologies mean. What are the factors of globalization that supported it and what are the variables of it.