Globalization Will Prevail Over Localization Essay

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

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.

In the late 20th century, technology began advancing so quickly that entire world economies underwent extraordinary transformations in very little time. It used to be only a handful of powerful people and corporations interacting in global trade and commerce, but technology has made it so “countries like India are now able to compete for global knowledge,” giving leaders and companies the ability to work with more nations than ever before (Friedman 7). The internet has given men and women the power to connect, communicate and provide information to people across the planet in an instant. It has given people the opportunity to seek knowledge, educate themselves and single-handily play a role in the world economy. This is called

Individual Identity: Every year my family tries to take a trip back to China in order to see family. On trip back played a big role in shaping my identity. In the summer of 2012 I had the daunting task of travelling alone China. This consisted of mastering the Chinese phrases needed to guide me along the way and some way of figuring out how to transfer flights. Surprisingly the hardest part was not finding my way it was merely being alone I found that I got very lonely in the long 14 hour trip and I needed to find a way to occupy myself in order to avoid loneliness. The things I learned from being lonely help form my identity. I found that the more I tried to push away the loneliness the more it just came

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

Advocates of economic globalization state that “globalization offers a number of opportunities for individuals.” These “supporters” promises that globalization has the potential to make the world a better place and that it can, handled properly, solve world-wide poverty and unemployment. Also, these same individuals are for free trade, which is said to promote economic growth, create jobs, lower consumer prices and encourage competition. Because of globalization, free trade offers unlimited opportunities for business undertakings to create trade all over the world. There are several way in which trade is linked to globalization. The first way includes the extraordinary progress of foreign country investments. This progress has been permitted by worldwide internet accessibility. Another way, is the increased competitive advantage, through a diverse labor source. Different countries have specialized labor that goes along with in their manufacture goods. The evolution of technology modernization has also been subjective by trade on a worldwide

During the last decade of the twentieth century, the word ‘globalization’ has become an increasingly prominent feature of political, social, and economic discussion in academic and policymaking circles, as well as in the media. The processes and outcomes of globalization drew attention and debates that had one thing in common. The research shows that nearly everyone agrees that globalization is a trend that is changing the face of the world, and as a result the world society lives in a more ‘globalized’ world. Nearly two and a half decades passed since 1990s, and studies have been conducted to examine the causes and consequences of globalization. Moreover, nearly every person experiences some type of globalization and can testify firsthand the effects it has on their life, society, and the state. The analysis of the effects that globalization dynamics have on the world society indicates that globalization has a significant positive impact via spreading opportunities and wealth across nations, stimulating innovation and productivity, enhancing the economic development of poorer countries, and helping to improve living standards.

When exploring the idea of doing business with different countries around the world, globalization comes to mind. Globalization is how people come together and exchange information when doing business based on products, services and technology. ("The Challenges of Globalization". Boundless Management Boundless, 2016). Localization is actions taken to modify or alter a product or service to a specific population, community or culture. ("The Challenges of Globalization". Boundless Management Boundless, 2016). These terms are significant in expansion ventures and may come with challenges and risk however, the hope is to provide the opportunity for the growth of a business profits. ("The Challenges of Globalization". Boundless Management Boundless, 2016).

Firstly, according to Borcuch (2012), globalization is the process of integration & interaction between the companies, people, and governments of different nations, a process which involves international trade and investment and guided by information technology. Societies around the world change as globalisation influence the culture, environment, economic development, political systems, prosperity, and on the human physical well-being of these societies. Globalisation has also been used to describe socio-cultural integration among countries and

The world as we know it has been rapidly transforming due to the extremely large leaps in technology, the reduction of barriers into and out of countries, mind-boggling innovations, and the reinforcement of communication infrastructures. After reading The World is Flat, by Thomas Friedman, I feel that we are extremely lucky to have the chance to be a part of this unique era in human history. Globalization is a main cause for the convergence that is bringing the nations of the world together more and more every year. In a very short period of time, borders, walls, and tariffs have been, and continue to, fall all around us. This is a special time because nations are beginning to realize that building strong technological infrastructures,

I believe that globalization brings different consequences when driven by different motives. Globalization was a tragedy for the Native American people, and so far seems to be very negative for much of Africa. I believe that when 2 or more groups begin interacting, the priorities of the most effective or powerful will dominate. Cognitive dissonance and personal perspective will continually push those dominant to fail to see the damage they do as immoral, and justifying damage to cultures and peoples by stating that it is in the interest of development is a common idea historically. These beliefs are mine and were formed over the course of the last 25 years of my adult life, mostly by watching and reading news and world events from varying perspectives and wondering how the same events can be read so differently. My apologies for the lack of references, but much of my opinions were formed by what was not said in national and international events as much as by what was.

Economic globalization has been praised to be the savior of global inequality. However, at the same time, the tremendous development of developing countries like China accounts for global economy growth, compensating for other countries’ loss in this redistribution of money and resources. Although both involved in economic globalization, China has driven over 650 million people out of poverty, while South Africa suffers a 2.3 percent increase in poverty rate. Indeed, distinctive internal factors prevent countries from growing at the same pace, but such imbalance is now hampering reduction in global income inequality, which urges us to reaccelerate this process. Talking about globalization in a business perspective, international businesses globalize their brands by expanding to foreign markets. And they always prioritize localization when they enter a new market, having appropriate translated names and tweaking their core services to generate profit. Localization has been so helpful in the business world that local governments should also be inspired, for example, adjusting globalization activities locally through domestic trade policies. Glocalization, as stated by sociologist Roland Robertson, is “the simultaneity – the co-presence – of both universalizing and particularizing tendencies.” Given the current disparity among countries’ economic development through globalization, local governments should adopt the business model of glocalization in order to maximize national

Today’s era of globalization has opened up to satellites, internet and fiber optics making it possible for developing countries to widen their trade capabilities. “These technologies also allow companies to locate different parts of their production, research and marketing in different countries, but still tie them together as if they were in one place” (Friedman, 1999, pg. 11). Politically the era of globalization has also evolved from an earlier one dominated by British power to current times dominated by American power. The American navy opened up the lanes at sea for the international trading system to breath life. Globalization has changed immensely over time and a new era of globalization has began to dominate the international system. Thus, replacing the Cold War system and contributing to a new structure of domestic politics, commerce, environment and international relations.

Aspects of Globalisation The Organisation for Economic Cooperation and Development (OECD) defined globalisation as, 'The geographical dispersion of industrial and service activities (for example, research and development, sourcing of inputs, production and distribution and the cross border networking of companies (for example through joint ventures and the sharing of assets) Economic activity is becoming organised on a global scale giving a new international division of labour, with production, investment patterns and movements and technology transfers all becoming global. In this strategy, activities are established in many sites spread over the world, based on a country's comparative

The main question that many people ask today is whether or not the countries are becoming too reliant on the global economy and foreign producers, or globalization. Globalization, according to the Merriam-Webster dictionary, is “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (Merriam-Webster). Many people in the world see globalization as either being a blessing or a curse, and necessary or completely unnecessary. This paper will explain that globalization has both benefitted and damaged the world but it is ultimately necessary.