Globalization: Threat or an Opportunity

Definition of globalisation is the increasing in the communication of countries which results from trading and cultural exchange.In this eassay I will be researching about the positives and negatives about globalisation.

At political and economic level, globalization is the process of denationalization of markets, politics and legal systems; it is the rise of global economy. Many international organizations, governmental institutions and the whole academic world discuss the consequences of this political and economic restructuring on local economies, human welfare and environment. It is one of the most important features of present world 's essay.

Globalisation has considerably changed the face of how economies and countries operate in today’s world, enabling the openness of transactions with one another. It is due to the humanistic desires for the pursuit of prosperity that the concept of globalization paves a pathway to which economies can achieve this – facilitating the capacity to strengthen and condition existing relations between these countries.

Globalization, defined as “a process that aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments” has been around for ages. However, it is a force that is becoming increasing more relevant in today’s world. In layman’s terms, globalism is the merging or “melting” of individual perspectives and markets into a more global market. As of recently, society has been obsessed with studying globalization. However, the conversation is rarely economical. Globalization is typically looked at as a social or cultural force that is shaping and connecting the world. This is scene in clothing styles, human travel, and popular culture that has become increasingly similar across nations. That sentiment isn’t wrong-globalization does have a cultural side, but many people are missing the economic impacts that this new world is facing. In fact, the economic implications of globalization and how governments legislate to control them leads to significant opportunity, but also huge threat globally.

Did you know that the United States population grew almost 400% in two decades because of newcomers? Is globalization a threat or an opportunity for economies worldwide? Would individuals consider a globalized effort to change, a better living for themselves? How come there are different views of globalization when towards the end, globalization is helping different backgrounds and cultures come together and benefit from one another? Globalization is definitely an opportunity for economies worldwide, because throughout the years, more countries have shown progress by adapting to modern lifestyles. There has been an increase in diversity, however, different groups of individuals have taken this analysis in two different paths. In most situations, there are advantages and disadvantages, and society has made individuals come to a realization that our increasingly globalized culture will affect our future lifestyles when it comes to several issues like immigration, the economy, and politics. An increasing globalized culture must be approached with caution to increase cultural awareness in order to stop the eventual depletion of economies, and to discover new ways to adapt to a more dependable political system.

Today globalization is essentially a synonym for global business. Globalization is changing the world we live in at a very increasingly rapid pace (Rodrik., 1997). Changes in technology, communication, and transportation are opening up borders and markets at increasing rates. In any large city in any country, Japanese cars ply the streets, a mobile call can be enough to buy equities from a stock exchange half a world away, local businesses could not function without U.S. computers, and foreign multinationals have taken over large segments of service industries. Impact of Globalisation, both theoretically and practically, can be observed in different economic, social, cultural, political, financial, and

Ghemawat (2007) detailed that globalisation is more than just a powerful economic and political transformation it bound people, countries and market closer. It is a growing network of different companies, groups, and individual. Globalisation has shrunk the world from size small to size tiny and flattened the world.

Globalization is a power that affects everyone on the world. Globalization is when companies expand internationally. Globalization offers a great deal of opportunities such as opening up new trade routes and new technology. Globalization is seen differently by different people. M. Khan (2004) argues, “for the economist, globalization is essential the emergence of a global market. Sociologists see globalization as the celebration of diversity and the convergence of social preferences in matters of lifestyle and social values”. In a way all of these perspectives are true.

Globalization is a phenomenon of our time that has fundamentally changed many areas of our lives, it has changed the way business is conducted around the world and it has impacted the environment around us, but unfortunately it also has a dark side. Globalization brings positive and negative impacts changes, it creates jobs but it also takes away jobs, it improves infrastructures in some parts of the world but it makes it difficult for small local business to survive in other parts of the world.

‘Globalization: What’s new? What’s not? (And so what)’, portrays the speed in which globalism has increased through many different factors; economically, military, environmentally and socially. This is an idealist analytic approach, not set in stone. This leads on to

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 concept of globalization is a complex and peculiar one, failing to be definable by a single, precise definition. Centrally, globalization involves information and goods being exchanged amongst different countries. These interactions and interchanges among countries globally over time is due to an increase in communication and transport networks. Globalization is often divided into three main areas being economic globalization, cultural globalization and political globalization. All three are vital areas to one’s life and globalization is said to have a large impact on each. Although globalization is controversial in the aspect that it cannot be declared just how much of an influence the notion has in the world. Political scientists such as Muhammad Ijaz Latif, Anton Pelinka and Martin Wolf all discuss this issue in their respective pieces as well as differing aspects of globalization such as the role the European Union plays in relation to globalization, the different perspectives of globalization and the challenges of the nation-state in regards to globalization.

Globalization is the proximate and multidimensional set of political, economic, social, and technological integration around the globe. The increasing interconnectedness among countries can be seen through the prism of globalization. Essentially, the lives of people living in distant cities like Bangalore and Silicon Valley are brought closer as a result of this phenomenon. Drivers of this adjacent include; the expansion of trade, technological exchange, labor movement and investments (Stearns 2017). The discourse of globalization encompasses several multidisciplinary themes. The paper, however, concentrates on the economic factors, “which, entails the closer economic integration of countries of the world through increased flow of goods, services, capital and even labor.” (Stiglitz 2007: 4). The paper focuses on economic globalization and elucidates whether the globalization has reduced poverty and inequality or had reproduced the reversed implications. Meanwhile, the paper reveals if the developing world has benefited from the set. This seems to be the central question that policymakers, development economists, and politicians have been grappling with for years. The paper is presented in three parts. Part one reflects on the historical context of the problem statement. The second part compiles literature and juxtaposes with cases to corroborate the globalization-poverty-inequality triangle. Finally, the conclusion represents the author’s viewpoint on the

Globalisation has been one of the most hotly debated topics in international economics (Forbes.com, 2017). Rapid growth and poverty reduction has been a positive aspect of globalisation on developing countries like China and Africa. Increasing globalisation has helped the expansion of opportunities for nations and benefits workers inrich. Globalisation is a process of opening up economics so that trade between countries could take place freely (Digit Pro.2017). The negative aspect of globalisation

Globalization is important to understand in order to determine what worked in the past and can be successful again in the future. Our many cultures, ideals and growing technology form together to create an extremely global world. We use products that were made on the other side of the world, and are taxed on practically everything. Whether the effects of our global society is good or bad, there’s no doubt that the world is constantly changing and impacting our livelihoods, so we must adapt accordingly in order to succeed.