Positive Effects Of Globalization

HIV is a universal and a pandemic disease has claimed 33 million lives globally in the 1980s. It is approximated that 35 million

HIV and AIDS have affected millions of people throughout the world. Since 1981, there have been 25 million deaths due to AIDS involving men, women, and children. Presently there are 40 million people living with HIV and AIDS around the world and two million die each year from AIDS related illnesses. The Center for Disease Control estimates that one-third of the one million Americans living with HIV are not aware that they have it. The earliest known case of HIV was in 1959. It was discovered in a blood sample from a man in Kinshasa, Democratic Republic of the Congo. Looking further into the genetics of this blood sample researchers suggested that it had originated from a virus going back to the late 1940’s or early 1950’s. In 1999,

The World Health Organization’s Global Health Observatory estimates that 78 million people have been infected with the human immunodeficiency virus (HIV) during the course of the epidemic, and that 39 million men, women, and children have died.1 Nearly 1 in 20 adults in sub-Saharan Africa are currently living with the infection. HIV represents one of the world’s most serious health problems.

In this article, I review the literature on the positive and negative outcomes of economic globalization, and the impact on developed and developing nations. The findings indicate a strong trend in the belief that developed countries dominate in the world of international trade, as there resources ensure a competitive advantage over poorer undeveloped nations. In addition, it can be concluded that the great benefits of free trade, defined broadly as “free movement of goods, services, and capital across national boundaries (what I will call “economic interdependence” or “globalization”) is made possible by lower costs of transportation and telecommunications and the gradual liberalization of markets as countries negotiate reductions in tariffs, quotas, subsidies, and other barriers to trade”(Paul, 2015, pg 3), are mostly but not solely enjoyed by developed nations. However, there is a basic expectation in economic theory, that international trade will allow for increased competition worldwide, thus will lead to greater productivity, higher wages and reduction in extreme poverty (Haase, 2012). Which arguably will benefit all nations, with developing nations being no exception. In stating this, there are many drawbacks of economic liberalisation that cannot be ignored: poverty, inequality, manipulation and closing of local industry. The studies highlight the positive and negative impacts globalisation and free trade have on both developed and developing nations.

When it comes to HIV/AIDS, it is still today regarded as the most critical epidemic that affects a significant number of people in the world’s population. HIV statistics for the end of 2013 indicate that around 35 million people are currently living with HIV worldwide, 38 percent less than in 2001. In the same year, around 2.1 million people became infected with HIV and 1.5 million died of AIDS-related illnesses. HIV and AIDS are found in all parts of the world, however some areas are more affected than others (“Global HIV & AIDS Epidemic,” 2014).

HIV, on the other hand, constitutes another major global public health issue. It is estimated that, so far, more than 34 million people have died from the disease(2,3). In 2014, 1.2 (980.000-1.6 million) million deaths were attributed to HIV-related causes(2). The most HIV-affected region is Sub-Saharan Africa, accounting for almost 70% of the global total of new HIV cases(2,4). In 2014, 25.8

At the end of 2011, the reported new cases of the virus had confirmed diagnoses and give a total figure of around 34 million globally. HIV virus has ascended over the years and is still on the rise causing concern for the welfare of society worldwide, although this is said to be stabilising due to the number of people accessing anti-retroviral treatment worldwide. AIDS (the final stage of HIV) has taken the lives of over 30 million people globally from the outbreak of the first epidemic in the early 1980’s. (Avert.org, 2014 worldwide HIV and AIDS statistics).

Trade between nations has existed for centuries; the main difference is that today it occurs at a greater speed, higher volume, more complexity and geographic reach as a result of the consequent intensification of globalisation and the development of transport and communications (Taylor, 2002). The increase in international trade has brought many benefits such as economic growth, increasing consumption capacity and the reduction of poverty, all as a result of globalisation. However, globalisation does not benefit all countries in the same way. Developing countries do not always have well prepared industries for international competition, which can cause more instability. In addition, some jobs are lost and child labour is often used by countries to reduce production costs. Nevertheless, this essay will attempt to demonstrate that the increasing globalisation of world trade has a positive impact on countries, encouraging the growth and poverty reduction through international trade. Furthermore, it will be shown that even with the loss of some jobs arising from international competition; in general, globalisation through trade creates more demand for employment, generating income growth in the long term, allowing access to more products and raising the standards of living. Thus, the impacts of globalisation are mainly positives.

The advent of modern globalisation has led to unprecedented business and economical developments worldwide. Despite the prevalence of said phenomenon, definitions for the term ‘globalisation’ have been debated extensively. Nevertheless, this process (in a business context) could be defined as the increasing international integration of economies and societies (Berry, 2008; Ch, 2011; International Monetary Fund, 2008; Irani and Noruzi, 2011; OECD, 2013). Both Masson (2001) and Moshirian (2007) suggest that globalisation often propels investment, migration (i.e. the movement of workers), and more importantly, trade. In fact, global economical integration has significantly contributed to the development of global per capita gross domestic product (GDP); since the 20th century, global per capita GDP has roughly expanded five-fold (Böhmer et al., 2016; International Monetary Fund, 2000). The unparalleled growth of economies thus aid businesses to flourish— a robust economy is likely to increase disposable incomes and elevate people’s propensity to spend, consequently allowing firms to yield more profits. Hence, this essay will argue that globalisation has greatly benefited businesses (especially multinational enterprises (MNEs)) by expanding markets, increasing the number of potential consumers, and reducing operating costs. The essay will address arguments that detail the merits of globalisation; consider counterarguments that underscore the detriments of globalisation with

C. Sports events such as the World Cup and Olympics can also be used for cultural

Globalisation can be defined as “the worldwide movement toward economic, financial, trade and communications integration”. (Business Dictionary. (2017). The definition then goes onto discuss the interconnectedness and interdependent of a society that allows a free transaction of capital and goods and services through the opening of boarders and uninterrupted movement of labour. (Business Dictionary. (2017). Globalisation can be seen in all aspects of a modern society and in the day to day life of individuals, for example, with the advancement of technology we have seen an increase of global communication with the use of the internet to allow people to connect and understand different backgrounds and culture. This essay will primarily focus on the way in which globalisation can affect and make an impact on the economies of small community’s and what the effects it has on the economy on a global scale.

that connected Africa, the Middle East, and Asia, to a business meeting held on Skype, by

Globalization is the integration of the worldwide economy in which resources and products move freely across the globe. Globalization has been present for decades however it has predominantly become a more frequent process and has potential good and bad effects on the world of business. Problems can include competition in manufacturing jobs and unemployment in industrialized countries. However, this can also be beneficial in other situations as globalization gives you a larger market trade will be cheaper so more countries can import and export goods which can bring in profits to multi-national corporations.

According to the famous economist and philosopher Adam Smith, Christopher Columbus’s discovery of the Americas in the search of spice was one of the most important events that led to the ‘globalization big bang’ (O’Rourke & Williamson, 2000). The discovery led to a more interacted and integrated world through trade, cultural infusion, colonization, and the exchange of ideas and goods not only in the 1400s but also in the world today. Globalization played a huge role in forming the world today. It demonstrated its power through both positive and negative impacts on the society, culture, economy, politics, environment, and lastly, religion. The success of the transnational corporation, Google, was one of many evidences that revealed the influence of globalization. Ever since Google was founded in 1998 by Larry Page and Sergey Brin, it grew exponentially over the last 19 years. Today, Google employed more than 60,000 workers in 50 different nations and influenced the lives of billions of people across the globe. The company launched hundreds of products from Google Search and Chrome to Google Home (Google, n.d.). So, how does Google relate to globalization? As a transnational corporation, Google demonstrated the importance and positive and negative influence of globalization through labor, global governance, and trade.

There is an upsurge in international business. Communication is better and information is easier to access than before. Therefore, universal boundaries have been broken considerably, a scenario that is commonly referred to as globalization. Presently, geographical and social barriers are no longer the primary barriers for doing business, they are the secondary hindrances, all because of globalization. However, globalization brings with it opportunities as well as challenges to the global economy. In this paper, we compare and contrast five different writings on the impact of globalization.