Costs Of Globalization And Localization

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.

At the moment, the whole world is being swept by globalization at a speed that is both immense and inescapable. The present scenario can be associated with that water glass which is considered as half-empty by the pessimist and is viewed as half-full by an optimist. The Internet has empowered cultural globalization tremendously. It has initiated an environment that is globally borderless. If the impact of internet on cultural globalization is judged, one would crystal-clearly observe that it has made nations realize their potentials and strength. Its usage has created new and additional wealth worldwide by eliminating cultural differences ("Creating Wealth in a" 2006, p. NA).

Over the course of history, domestic politics have been shaped by international forces. Forces like war and trade; empire and colonies; migration and the spread of ideas. Globalization and Neoliberalism plays an important role in impacting politics in all states. “Globalization is a system in which human beings are no longer part of isolated communities that are linked through narrow channels of diplomatic relations of trade”(O’Neil,2017, pg.346). Globalization creates a division between international relations and domestic politics. When globalization makes a distinction, then the aspects of domestic politics are controlled by global forces. Globalization changes the  institutions of economics, politics, and society. The institutions are measure by space and time of social norms, culture, boundaries. The boundaries create a local identity and control (particularly-“state, religion, or set of cultural values holds sway over the land and here but not there.”)(O’Neil, 2015, pg.348).  Furthermore, political isolation becomes impossible to happen.

Localism, by its nature, cannot address problems that exist beyond local levels. Globalization, it should be obvious, is one of these. Too bad for us on the left certain supposedly left political analysts of global activity cannot pick up this basic truth.

We all live in a globalized world; due to technologies being rapidly made it has driven globalization. Now we are well informed about other countries across the entire world and able to communicate internationally. Globalization has created a framework for cooperation among homelands. Generally, it has affected our nations and, indirectly we, the citizens in various ways; economically, politically, and socially, however it is a fast integration and association of various nations, which shapes the world affairs on a global level. The concept of globalization is evident in the many difficult challenges that come with it, involving our cultural differences, and the regulating challenge of globalizations. The phenomenon of globalization has affected many cultures around the world, resulting in the Americanization of other nations.

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).

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.

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

The ubiquitous phenomenon known as globalization is an intricate happening with many dimensions that transcend territories and produce dichotomous interpretations from the international system on its advancement since the movement’s resurgence after the Cold War. Firstly, one must analyze the very meaning of such a concept in which there are numerous contemporary adaptations as well as a classical description where globalization as “those processes that knit people everywhere together, thereby producing world-wide interconnectedness and interdependence and featuring the elimination of borders and the rapid and large-scale movement of persons, things, and ideas across sovereign borders” (Mansbach and Taylor, 2012, p. 577). Secondly, according to the text, there several features of this integration of world linkages including: distribution of communication/ technologies, waning prevalence of state & territorial domestic autonomy, influx of information that cause talent dispersion/involvement surge, advent of free market trading in global market, extension of the reach of global culture and democracy, augmentation of international civil society, dissemination of power, global violence evolution, progression of security precedence(s), and spread/intensification of nonstate actors. Thirdly, in regards to the latter, the institutions of globalizations may take the form of non state embodiments most prominently through Multinational Corporations (MNCs)/Transnational Corporations

To most of us, globalization—as a political, economic, social, and technological force—appears all but unstoppable. The ever-faster flow of information across the globe has made people aware of the tastes, preferences, and lifestyles of citizens in other countries. Through this information flow, we are all becoming—at varying speeds and at least in economic terms—global citizens. This convergence is controversial, even offensive, to some who consider globalization a threat to their identity and way of life. It is not surprising; therefore, that globalization has evoked counter forces aimed at preserving differences and deepening a sense of local identity.

Before I get to in depth I will clarify the difference between Globalization and Localization. Globalization, in simple

However, this also shows one of the weaknesses of localization. If a nation isolates itself politically from the rest of the nation, then there is a good chance that they will fall behind with the times; thus, they may lose face when it comes to their status on the world stage.

The concept of globalization has become a prevalent phenomenon in the past two decades because of the changes it has brought and the adoption of its strategies by multinational corporations or companies. The economic changes of globalization include the strengthening of economic inter-dependence, internationalization of production, and enhanced mobility of transnational corporations. On the other hand, trade liberalization, privatization, and deregulation are the ideological changes emanating from this concept.

Globalization, like most phenomenon, is controversial. It is defined as the “increasing cross-border flow of goods, services, money, people, information, and culture” (as cited in Ariely, 2011). Though, it has been around for many years, the extent at which it impacts economies, international relationships, and everyday life has become more profound than ever before. Due to its controversial nature, there have been many critiques of its process. Postcolonial critics have argued that it is merely the latest stage in a long history of oppression and exploitation by Western nations, and that the idea of “global citizenship” is just another way for the West to impose its values on the rest of the world. This is not the first claim to be made against globalization, with many others throwing around claims of “Americanization”, and “global erasing the local”. This is due to the lack of understanding of globalization as not just a historical process, but also a “conceptual change in which people are aware of world as a single place, … [with] an important effect on various types of social identities around the world (as cited in Ariely, 2011). However, this process does not seek to eliminate local, social, or national identities. “Globalization and localization are inseparably linked” (as cited in Sobol, 2016). It creates a symbiotic relationship between the global and the local, where they complement and aid each other. The process of globalization is not the latest stage of oppression by Western countries, but rather “the global integration [that] hastens the worldwide convergence of cultures” (as cited in Sobol, 2016). Globalization is a phenomenon that benefits our world, as it is responsible for the integration of cultures, the rise in economies, and aids in international relationships.