The Importance Of Globalization

Globalization allows important processes to occur and be maintained more efficiently and important ideas to become reality in an environment where they otherwise may not be. There is a certain irony involved in this however that must be mentioned. For example, globalization is going to allow the world to work together to hopefully solve our apocalyptic environmental predicament in a best case scenario. Of course however, this predicament is a result of globalization(1, Conclusion). Still, it allows the human race to push forward, which at this point we must recognize as a necessity of our species in a time where progress of the human race is growing rapidly. In my opinion this is a progress is written in our DNA, and globalization has allowed us to accomplish truly incredible things(2, Conclusion).

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

Globalization, described as the expansion, intensification and acceleration of global interconnectedness, is one of the intense phenomena that the contemporary era has experienced. It has influenced the monetary, ecological, and societal characteristics of all the nations of the world. Due to both positive and negative consequences on the life of the citizens the world over, globalization is one of the most talked about issue of this century (Javed 2004).

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.

Globalization, the process by which businesses or other organizations develop international influence, is a very important aspect in the operation of a company. Globilzatoin encourages companies from around the world to compete in the global market, which also impacts the growth and value of an international corporation. Internationalization is a company is costly and time consuming for a company because it requires extensive strategic planning, implementation, and analysis of a given global market, opputunities and threats. However increased involvement in foreignl investments is a strong portfolio asset for a company, and can ultimately lead to big opputunitiy pay offs and increased profits for any company. Some international businesses also benefit from the advantages of globalization, making it more manageable in other areas of their business including: operational expenses, labor expenses, and low cost resources by the processes of Offshoring and Outsouring certain sectors of their business and its operations. Of all the possible benefits of merging a business into the global market, the impact it has on branding for a company is most important, Brands like Louis Vuitton, Apple, & Macy’s are all prime examples of companies that have expanded their products into global markets by strategically planning, implementing stratagegy, and constantly researching and analyzing the international market structure. Tapestry Inc, is an example of a company in the intancy stages of

Transnational criminals have been one of the biggest beneficiaries of globalization (Stewart, 2012, para2). Globalization means that whole countries are becoming one single world as boosting interdependence in international society. In other words, it is the phenomenon that economy of nation states has become weak, and all over the world integrate into an one community centering on economic markets. However, different from an intrinsic mean, images of globalization have been changed to pessimistic perspective because a lot of criminals have been offered illicit benefits from there. More serious problems are they exploiting globalization on decidedly worst crimes, and governments cannot delay the speed of global crimes, let alone that solving this issue because of these reasons. So, many kinds of crimes such as, human trafficking, drug smuggling, and cybercrime that worked with organized crime have been accelerating with the dramatic growth of globalization.

Globalization, for it or against it, this is a topic you cannot escape. The influences of globalization are impacting every country around the world. Fred Hu and Michael Spence wrote "Why Globalization Stalled: And How to Restart It" published in the July/August 2017 issue of Foreign Affairs. They argue that globalization is a necessary evil that needs to be addressed on many levels to create a sustainable global order that meets the needs multilaterally. They make a successful case as to why we would be better off reforming globalization by touching on the issue many countries are struggling with, which is increasing trade growth while balancing wage inequality and trying to find a balance of protectionism and nationalism. Some people think if we ceased globalization in the United States it would increase our national equality, however, that could not be farthest from what we need. To preserve our spot as number one we need to work on issues here in the United States because foreign trade policies are not progressing with advances in technology, there are inequalities that are creating a sizable gap in our economy, and politicians are focusing on nationalism and protectionism to boost their own agenda's rather than address the real issues.

This research finds and evaluates the connection between globalization and saliency of national identities by disaggregating globalization to find the most interactive component: human migration, technological/communicative, or economic globalization. Existing literature looks at the interaction globalization has with ethnic conflicts, and some identities, but none look at globalization disaggregated and its interaction with the saliency of national identity. Disaggregating globalization is necessary to see separate ramifications from human migration, communication and technology, and economic globalization on saliency of national identities in Africa. Additionally, case studies look at countries in Europe and Latin America, but few look at the continent of Africa. Additionally, this research addresses a divergence in literature over whether national identity or global identity is growing more important with globalization.

The dubious nature and influence of globalization is profound within the International Political Economy (IPE). Globalization is used in reference to three distinct sets of forces in the world economy. Internationalization encapsulates the upsurge in economic transactions across borders which has been occurring since the turn of the century but which some contend has experienced a quantifiable spike in recent decades. Technological revolution, a second facet of globalization describes the way modern communications made possible by technological advancement have made location and distance less important aspects, not just for government at the local and regional levels but in the quantification of modern-day communications which enables firms and other actors to operate globally with less regard for position, distance, and borders. The liberalization theory describes the policies undertaken by states which have engendered a new global economy. Both rules and institutions are created by powerful states in sustaining a new scale of transnational economic activity in certain sectors of the world economy. This also comprises the policies of smaller and less influential states in the system who through liberalization, investment, production, or trade have integrated into the fabric of the world economy. In International Political Economy, different competing claims are made about globalization. For instance, some scholars claim that globalization is nothing new, others argue that

Globalization is the proximate and multidimensional set of political, economic, social, and technological integration around the globe. The increasing interconnectedness among countries can be seen through the prism of globalization. Essentially, the lives of people living in distant cities like Bangalore and Silicon Valley are brought closer as a result of this phenomenon. Drivers of this adjacent include; the expansion of trade, technological exchange, labor movement and investments (Stearns 2017). The discourse of globalization encompasses several multidisciplinary themes. The paper, however, concentrates on the economic factors, “which, entails the closer economic integration of countries of the world through increased flow of goods, services, capital and even labor.” (Stiglitz 2007: 4). The paper focuses on economic globalization and elucidates whether the globalization has reduced poverty and inequality or had reproduced the reversed implications. Meanwhile, the paper reveals if the developing world has benefited from the set. This seems to be the central question that policymakers, development economists, and politicians have been grappling with for years. The paper is presented in three parts. Part one reflects on the historical context of the problem statement. The second part compiles literature and juxtaposes with cases to corroborate the globalization-poverty-inequality triangle. Finally, the conclusion represents the author’s viewpoint on the

Having good historical context is very important in dictating the needs of a state. It is essential in knowing what certain trends and cultural roots a society may have. For example, Brazil received a huge boost in its economic development when globalization first occurred because they now became a central trading hub in South America. ‘Why is Brazil “Underdeveloped” and what can be done about it?’ states, “From 1913 to 1980, Brazil experienced sustained growth, interrupted only briefly in the early years of the Great Depression, at nearly two percent per year from 1913 to 1950 and nearly four percent from 1950 to 1980. In this period of nearly seven decades, Brazil had the fastest growing economy in the western hemisphere. Per capita GDP increased over eight hundred percent, from $678 in 1900 to $5570 in 2000, measured in 1990 dollars. Brazil’s economy gained on the U.S. economy, rising from only ten percent of US GDP per capita to over 20 percent.” This goes to show that clearly there is some benefit to having yourself involved in the world market which was created as a result of globalization. Although, it is also important to note that this also had an adverse effect on them later when their global market was no longer as valuable. This article later mentions, “Excessive centralism in the nineteenth century prevented municipal and state governments from borrowing abroad, or at home, to invest in needed infrastructure, such as road, ports, railroads, utilities, schools,

“Is globalization really a new western curse? It is, in fact, neither new nor necessarily western; and it is not a curse.”(Sen, 1978) Globalization cannot be a curse because it has granted development in the world through various sources such as dissemination of knowledge, trade, travel, and technology. Globalization have created bonding within different countries by communicating and trading with each other.

Abstract: In the following report, globalization is proved to have a mainly positive impact on people around the world. Globalization is process that includes interactions and exchanges among people, companies and governments. Many countries, like Britain, have had downfalls in their nation because of globalization. However, they learned how to overcome all of their problems by forgetting their mistakes and avoiding another one. This made their country a better nation. India experienced a great improvement in their GDP and their country because of globalization. During the 1950’s, the city of Bangalore’s 1st prime minister, Jawaharlal Nehru, established the Indian Institute of Technology, where different students would attend to gain more technological knowledge. This opened a door to other foreign people, companies and organizations to Bangalore. This shows that globalization has impacted the world in a constructive way.

Globalization plays an important role on the world and society today. Furthermore globalization is very arguable that it will induced cultural homogenization. Globalization can be simply defined by the process of cross culture between nation and nation or the process of international integration which actually mean the process of sharing ideas, cultures, concept and so forth between nations. (Appadurai 2000) and (McChesney 2001) they have a very different point of view of toward globalisation, they (Appadurai and McChesney)

As individuals global forces drive our lives but to what extent do these forces influence and shape the world? Globalisation is described by the financial times to be the ‘process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation.’ Integration across the planet brings every individual together with a shared sense of purpose where as interdependency goes beyond this. It implies that we rely on and need each other. Across the world there is an interdependency through all countries that needs to be there for the world to function effectively. The pace and intensity of globalisation has transformed over recent years. My generation may not see the change as it has been part of our lives since birth but older generations may have saw the rise of globalisation throughout their time. Even though this transformation has happened it is still important to remember that some segments of the world are more globally connected than others.