Positive Impact Of Globalization

Globalization has had both a positive and negative impact throughout the world. An interconnectedness within the world where complicated issues can arise creating an unevenness that can contribute to a societies as well as the individuals happiness in life (El-Ojelli, 2006:p1). The negative impacts of

I believe globalization is somewhere in between of having a positive or negative impact on the world. Just like the old saying “too much of a good thing can be bad for you” the key to everything in life is balance and excess might harm you. Furthermore, both sides of globalization have compelling arguments on the positive and negative effects of globalization, furthermore different countries and cultures would have different opinions in regards to how they have been affected by globalization. In this assignment I will look at the positive and negative views of globalization to further prove that globalization ultimately falls somewhere in between as being positive or negative.

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.

People the world over are more connected with each other than at whatever time in late memory. Information and money stream more quickly than ever.Global Manufacturing

After World War Two, many Americans, not just the ones in leadership positions, came to realize that partnerships with other cultures, countries, and peoples were very important in coping with daily life. To some, it would seem reasonable to infer that globalization has done more harm than good, while others might say that it has done more good. Regardless, it has brought many countries, including the United States, together; forming strong bonds, and even more importantly, it has helped to create peace in a world at war (chap. 32, Brinkley).

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.

In an age in which people, business, and organizations can communicate even while residing on different sides of the world, globalization has played a major role in the progress of today’s global society. As globalization continues to extend its reach to different parts of the world in different ways, it is clear that it has left a positive mark on the world both culturally and economically while improving international relationships.

While some countries have managed to reap the benefits of globalisation, other countries are facing major challenges of income inequality, high levels of unemployment and poverty and the vulnerability of economies to externals shocks. The path of globalisation in its current stage must change to allow more countries to reap the benefits. There is a clear imbalance in the existing workings of the global economy, which has derived from an inequality between the economy, society and political contexts. (Rodrik 1997) The proposed recommendations in creating a fairer globalisation and another globalised world will be a series of coordinated changes in the context of open economies and open societies. Through an incorporation of these standards in a policy guided framework, the path of globalisation can be directed into another globalised world where the benefits are shared more equitably by people and countries.

Globalisation is one of the major issues affecting our society today. But many people do not still commend it as a threat to the society because it snags is concealed like a Trojan horse which disguises its dangers by professing to be an advantage at the beginning but then causes havoc when its clients are mesmerized by its appearance.

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

Globalisation is something that has been around for many years and will continue to be for many more. Globalisation is a worldwide topic, therefore there are multiple different interpretations on how it may be described, for instance some may say that globalisation is a wave of interconnectedness. For the purpose of this essay I will introduce the definition from the Oxford Dictionary as it is presented in an accurate and easily comprehended manner: “The process by which businesses or other organisations develop international influence or start operating on an international scale.” (English Oxford Living Dictionaries, 2017) From my own understanding this definition provides the idea that globalisation is basically the dynamics of business throughout various different platforms, such as The Economy. Globalisation is a very diverse subjects as there are lots of positive aspects to the effects it has but there are also many downfalls in regards to the effects that it brings. This essay will primarily focus on the effects Globalisation has had on different economies and how they are not always beneficial towards society.

Globalized cities act as connections between nations around the world, thereby creating the international economy and fostering the development of impoverished nations by increasing the mobility of capital and jobs. The mobility of capital and labor can be beneficial to international corporations that are capable of taking advantage of international business opportunities. This aspect of globalization can encourage the movement of the operations of large corporations to developing areas that are in need of investment. While the movement of those corporations into developing countries can be beneficial to the region as a whole, globalization does not always affect all members of a population equally. Certain populations still struggle to find adequate housing, employment opportunities, and healthcare despite the overall economic development in their city. To maximize the benefits of globalization, it is also essential that city officials understand the importance of creating a cohesive vision to guide the growth of an aspiring global city.

The HIV virus was not discovered until the 1980’s therefore, there isn’t much reliable data on how many the disease affected before then. The most commonly believed theory on how HIV began to effect humans is the “butcher/hunter” theory which believes human immunodeficiency virus (HIV) was cross spread from chimpanzees to humans by eating the animal or by getting the chimps blood into the hunter’s open wounds while hunting or butchering. Since this occurred, there has been a worldwide epidemic of AIDS. According to the World Health Organization, this is “one of the world’s most serious health and development challenges.” Globalization is the development of an increasingly integrated global economy marked especially by free trade. Although there are many positive outcomes of globalization such as more wealth and equality in all parts of the world, there are some negative outcomes as well. One major example of a consequence of globalization is the AIDS epidemic. This is partially because of international travel and population mixing. The AIDS rates are much higher in poorer countries mainly due to the lack of undeveloped health services. “According to statistics, by the end of 2012, more than one million Americans had been diagnosed with HIV/AIDS (aids.gov, n.d.). Additionally, at the end of 2011, 34 million people worldwide (with 2.5 million newly infected), 23.5 million people in Sub Saharan Africa, 4.8 million in Asia, and 1.4 million in Eastern Europe and Central Asia

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.

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.