Positive Effects Of Globalization

Globalization involves “the socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers across countries, which could lead to increased economic growth and geopolitical integration and independence among nations of the world (Gasper, 2017, p. 5)”. Globalization has led to many great successes and has allowed good and services to cross foreign borders. Globalization permits economic growth within developing and developed countries.

- Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world “borderless.” On the other hand, globalization is evil because transnational corporations exploit workers abroad, countries lose their own identities, promotes consumerism, destroys the environment and, most importantly, instead of improving a country’s society and economy, it actually creates more poverty.

Globalization refers the integration of global economies, societies and cultures through the communication, transportation and trade throughout the world today. During the period when it first started many questions raised whether is globalization is good or bad. It has played in many roles such as economies, culture religion and technology. Globalization is the increasing independence of world economies resulting in the growing of cross-border trade, stock marketing and many more as rapid spread of technology is in place. It shows the market expansion has really shaped our world to what it is today and it is an unchangeable thing that has been introduced in our world vesting from international economic development. In economy, globalization is playing a significant role to make advancements in the current world we live in.

As Aesop once said in his short story “The Four Oxen and the Lion”, “United we stand, divided we fall”. Globalization is a process in which countries and people all over the world interact with each other for economic, political, or cultural reasons. It can be seen as a way that has made everyone in the world united as one. Many people believe that globalization is a negative thing because it does not benefit everyone at all. However, I believe that the overall net outcome of globalization is positive because it has changed the direction of education, it has united humanity more than ever, and information and ideas are being shared to improve lifestyle. Almost like Aesop’s quote, a united world would be better than a divided one. Globalization has had a positive effect on the world due to its various outcomes that benefit humanity.

Is Globalization ultimately positive or negative, or somewhere in between? I believe it depends on who you ask the question, and how it affects their life. For myself, I can’t get passed the negative way it has impacted my life and others around me in the same situation. Those of us who have lost our jobs and livelihood and are now labeled as “the long term unemployed” have seen our jobs eliminated and outsourced overseas; find it hard to feel positive about globalization. Watching families lose their homes and children going hungry is a disgrace considering we are the greatest country in the world. Maybe we are our own worst enemies to a degree. The collapse of our economy is

Globalization is difficult to simply define due to the variety of changing definitions that have been established over previous decades. Hamilton and Webster (2012) suggest that globalization is the connection between nations, defining globalization as a process in which barriers are reduced in order to encourage exchanges between countries. This view proposes that globalization refers very much so to the trade barriers and the improved communications between countries in order to ensure the world is unified. Globalization increases economic activity across the world and opens up markets for foreign investment.

According to Globalization101.org, “Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.” There are countless numbers of benefits and detriments of globalization. Greater free trade, Greater movement of labour, Increased capital flows, Growth of multinational companies, Increased integration of global trade cycle, Increased communication and improved transport, effectively reducing barriers

Globalization has a positive side as well. Supporters of globalization fight that it can enhance this world a spot to live and will deal with some significant arranged issues like unemployment and desperation. The fringe are getting a chance to appear on the planet market.

Some view globalization as being inevitable and key to our economic future. It has the potential of making societies richer through trade, and creates knowledge and understanding to people around

Globalization101 describes globalization as a “process of interaction and integration” of different commercial and governmental entities “driven by international trade and investment and aided by information technology”. The Globalization process itself, is not restricted to trade issues alone, but the impacts of the exchange of goods and services on, the environment, culture, political systems, and economic development. (What is globalization, globalisation101)

There are many ways to look at and understand modern globalization. In general terms, globalization means that the world, as a whole, is leading to a more utopian society, meaning that the globe is become very interconnected and similarities are growing between different regions and cultures of the world. Globalization is a phenomenon that has been evolving since before 10,000 B.C. This constant evolution can cause many problems, but it can also solve many issues positively as well. Development of any country, however, seems to be a key issue when discussing globalization. Globalization and development present two different factors in the world today. Many countries are lacking in their own development while the world around them is becoming more developed and globalized. Globalization hinders development because with globalization, less developed countries depend on more developed countries to help them to sustainability and self-reliance.

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.

Globalization is the process of increased interconnectedness among the countries most in the most known popular areas of economics, politics, social, and culture. All of these areas are key aspects of each country and what makes them individualized. Globalization allows for countries to be able to be individuals without the conflict of their differences because of the power used to work as a whole globe. Globalization is a positive thing for the entire world, it allows for lots of development in our world by the connection there is between all of the countries interdependence on each other. The different points of globalization claim that it will lead to convergence of income, access to knowledge and technology, consumption power, living standards, and political ideas.

Globalization is a term used in literature to refer to the increasing interconnectedness between markets in many countries. With the advantages of new technologies, assets and investments can now flow through international borders faster than they ever have at any point in history. Many corporations have taken advantage of the opportunities to expand internationally and operate on a multinational basis; some span the entire globe in their business operations. The level of economic interconnectedness has also had implications for politics and foreign policies of the governments involved. However, the one of the most interesting developments with the increasing demand for energy; often referred to as the globalization of energy.

You will find that the people that promote Globalization are the less than 1% rich, with countries such as China and India in agreement. Globalization, as in the initial quote includes trade and technology. In that respect, these two nations that respect hard work and education, were always going to benefit from the mass exodus of western corporations, in search of more profit by seeking cheap labor. Since they are negative and positives benefits to Globalization, I will identify the negatives before some positive aspects.