The Causes And Disadvantages And Disadvantages Of Globalization

To understand globalization it is necessary to understand its core meaning. Globalization is a process. It is a process of international

Globalization is a term that is not familiar to most people. However, globalization is a process that is going on all around the world. The root word of globalization is “Globe”. In the Merriam Webster dictionary, the term is defined as the act or process of globalizing; the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. In other words, globalization is the movement and distribution of goods and services on an international scale. Goods are tangible products like food, clothes, and cars. Tangible products can be held, touched, and tasted. Services are intangible products that cannot be held in your hand, such as social security, education, and traveling. Globalization prospers when free trade and free market of capital are available to companies and corporations. Globalization is important because no country can produce all the products that their people need and desire. Global trade enables countries to produce and sell goods and services for themselves and for another mutually benefited country. Globalization has many pros and cons, however, it is driven by free market capitalism, businesses, and diversity.

Globalization can be defined as the process in which businesses grow international and may come to create some devastating outcomes from the process. The main goal of each company whether being a Pop & Mom shop or monopoly company is to be able to expand within the borders as well as internationally. So, what are the main issues with expanding? The main issues that comes with globalization of a company are the expansion of the company, the technology advancement, and the natural catastrophes.

Many researchers are discussing benefits and negative consequences of the globalization. The only one clear answer for the question “Is globalization good or bad?” does not exist. It really depends on the features of life in a particular country. Or, do we have to analyze the benefits for only special social groups? The first concept of globalization and free trade was to allow all the countries to live like one family where the members helped each others financially, by natural resources, services or information. Although it is a good idea, in the modern reality this form of globalization cannot exist. Unfortunately, parties on modern globalization process tend to maximize their own income does not care about general prosperity and equal human rights. Being fully involved in globalization process can be dangerous to the US economy and social life. Moreover, it contradicts US Constitution and vision of America as a country with equal opportunities for each person.

What started globalization is the human desire to expand and make money. With the intention to expand or increase profits. As a result, many countries had to take down their territorial barriers. In other words, allowing the flow of goods, people, and other resources to flow in and out of the desired country. Furthermore, because the countries had to put down their barriers in order for globalization to work.

There are two aspects reason that give rise to globalization. First, with opening up new lane in past of centuries, the world of every country frequently communicate more than before. New vehicle and communicate way offer fundamental technological means for globalization. However,

According to Riemer, Simon, & Berry (2016) “Globalization is a process of interaction and integration among people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology”. Globalization does lead to better economic growth. Economic growth is important for wealthy as well as poor countries, since the countries without economic growth do not feel safe or secure. However, the results of economic globalization

Globalization is the process by which organizations or different businesses create worldwide impact or begin working on an international scale. It is the process of free movement of goods, services, technology and resources around different parts of the world. Globalization has been in practice from a very early age. Moreover, advancement in infrastructure such as transportation, communication and technology have led to an increase in the relations and integration among people, organizations and governments of different nations. Globalization has a great influence on the economy, culture, trade and the political systems around the world. Globalization has played a key role in the advancement of the world. It has both positive and negative impacts on the social, economic and political aspect of the environment.

To understand globalization, it starts with its meaning and history. Globalization is based on businesses branching out to an international spectrum; many corporates take advantage of the larger scale using bigger countries like China or India. Although globalization seems like a modern idea it has been a practice all around the world. Findings found that Globalization played a substantial part during the Industrial Revolution, introducing technology and outside resources to different cultures (Ferreira, Para. 17). Globalization continues to be used and will continue to have both positive and negative effects to the world.

According to (Ghemawat)Globalization is a process of spreading business, technologies, ideas or philosophies all over the world and it gives an idea of how to inter markets, trends and culture globally which is unhampered by different time zones or different nations in other to get international integration. All the nations with their interconnected and interdependent economies come together and accept all the national problems as world problems in globalization. It is also a term that is associated with economic relations and cultural ties between different countries all over the world.

Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the

Globalization: is a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade.

Globalization is the process of integrating various economies of world without creating any hindrances in the flow of goods and services, technology, capital, and even labor or human capital. The term globalization means to permit the free flow of goods and services in the world. To create an environment in which free flow of capital can take place among nation states, an environment permitting free flow of technology and from the point of view of developing countries, creation of environment in which free movement of labor can take place in different countries of the world.

Globalization is a process of integration, interdependence and development of financial, trade, economic, and communications throughout the nations in the world. It spreads goods, services, ideas and technology to all areas of the world. Also, Localization ensures that products and services are within what certain areas or people want and need in a particular market and allows them to adapt to the different cultures.

Globalisation is a process, a breaking down of traditional boundaries and barriers between individuals, whole societies, and economies, as well increasing the political, social and economic integration and interconnectedness between regions. Globalisation doesn’t happen uniformly, and it impacts people in profoundly different ways often dependant on whether they live in core or periphery regions. Globalisation has advantages and disadvantages to people, the process of globalisation may mean that there is advantages to people in some places whilst other places are experiencing disadvantages. It could be argued that globalisation transforms people and places by making them both more interconnected or ‘closer’ together, although globalisation cannot change absolute distance it does impact relative distance by reducing the friction of distance, which leads to time space convergence. Time space convergence defined by Knox and Marston (2015) as the tendency of some “places” to move closer together in regards to travel, cost, communication or time.