The Benefits Of Globalization

Globalization reduces poverty and brings up the life expectancy. According to the World Bank, in 1994 India's poverty headcount ratio was 45.3% and in 2012 it has gotten two times better. Another improvement is Ethiopia. the World Bank headcount poverty was 45.5% in 1995 a study in 2011 shows it has gone down 29.6%. Globalization has helped other countries build up their economy because once they have a factory that originated from a US company they can give jobs to people in the different country.

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. According to economic and political writer Doug Bandow, “Some critics of globalization have contended that the process has helped the rich and hurt the poor. However, the best research indicates that this is accurate: ‘Poverty is falling rapidly in those poor countries that are integrating into the global economy.”. In both documentaries “The True Cost” and “Living on One Dollar” we can see how companies exploit their employees for consumer benefit, as well as the social and economic inequalities that are attached with globalization.

Since the 20th century, people have become globalization in their social life. The actions of people and the view of the city are almost the same with other countries. Globalization is not the fashionable word in the world, it is an important word of human economics. There have some economic professions said it could be dangerous of the transaction in different countries, such as global economic crisis. However, globalization has some positive points that it makes people’s lives become better. Even though it has some negative effects on the human such as air pollution, but it also has many positive effects. Nowadays, not only the government, but also people are enjoying globalization in economics, immigration, and knowledge.

export capital (factories, jobs, resources) for production abroad (remember, you will want to concentrate on the ethics of this proposed action, rather than the political or legal implications) on

Businesses today operate an environment that differs greatly from anytime millennia, centuries or even decades ago. The pace of businesses has increased exponentially with the continuous improvement of information technology, telecommunications and geolocation supported by satellites and progressively more efficient modes of transportation and mechanization. The ability to move products globally overnight, increasing levels of automation, and collaboration instantaneously via virtual means has forever changed and reduced traditional barriers businesses face while creating a myriad of new challenges, risks and opportunities.

Globalization is a phenomenon that allows nations to trade goods and services on an international scale in order to increase wealth and strengthen economic infrastructure. Since globalization encompasses such a large scale of businesses and workers, many people pose the question as to whether or not globalization is actually a benefit.

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

The rapid pace of Globalization has led to a change in the global economy during the past several decades; it is believe that factors such as trade liberalisation, access to cheaper labour and resources, similarity of consumer demand around the world, and advances in technology and communication has widened the market of consumption, investment as well as production on a global scale. These globalization driven factors created new challenges and global competition for businesses around the world thus as a response many companies decided to expand their operation across national borders in order to be competitive. A company that operates their business in at least one country other than its country is called Multinational

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.

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

As globalization increases, people are traveling more and shipping goods, such as clothing, food, and medicine throughout the world. Along with the increased international travel of people and goods also comes the possibility of diseases traveling to countries in which people and animals haven’t been exposed to it before. Even though this travel can have negative impacts on public health, I believe stopping the flow of these goods should be approached with caution. In a global society preventing a country like Mexico from shipping avocados, for example, to the USA to prevent the possibility of a food-borne illness would be detrimental to Mexico’s economy, and could have adverse effects on the health and well-being of the people who work in the agricultural industry through lost wages. I think with proper regulations you could prevent a lot of the instances of diseases travelling across borders. As the world globalizes, I think a uniform set of regulations, for food handling and processing would help to prevent illnesses. Developed countries could provide subsidies to developing countries to help them bring their processing plants up to standards. ("Health And Globalization")

As we know, globalization resulted in a more integrated and globalized world where country to country relationship has increased and relationship between nations converted all the countries around the world to a single globalized world. The two most important driving forces of globalization is the decline in barriers between nations meaning the increase level of export/import and sharing between nations and countries around the world. The second driving forces is technological changes and innovations that made it possible for countries to connect well and communicate matters that concern not only individual countries but the entire globe. Before discussing the two main driving forces of globalization in details, it is worth mentioning that globalization had many positive impact on our world such as uniting the world against common threat such as dealing with diseases, exchange of health related important research; innovations that benefited people all over the world, providing access to people from all over the world to online educational resources, creating millions of jobs opportunities as a result of business exchanges between nations, and others.

“Globalization is not just one impact of the new technologies that are reshaping the economies of the third millennium” (Thurow 19-31). When speaking of globalization, most people will not have a complete understanding as of what it actually means or what aspects of the world it affects. Globalization promotes free trade and creates jobs. The capital markets attract investors, resort cheap labor, and leads to job losses in some areas of higher wage. While all of this is happening, the world economy is being effected: economically, culturally, socially, and politically.

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.

The purpose of this study was to enhance knowledge attained previously on globalization and hot it would empirically affect an organisations performance i.e. investigating and exploring globalization and performance relationships. The results of the study provided a strong and substantial amount of support arguing that globalization can be beneficial at the same time be unfavorable and destructive for organisations. Therefore, it is recommendable that innovative and effective strategies are designed, executed, analysed and implemented to enable firms to capitalize on global market opportunities while carefully managing its intrinsic threats in order to be able to survive for long-term in today 's globalized business environment.