The Positive and Negative Consequences of Globalisation Essay

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Since the late 1970s and early 1980s, a new position has become dominant in world’s major economic and political circles. This new and unprecedented situation is the term of globalization. Globalization can be seen as the present process of becoming global by the emergence of a world economy, a cosmopolitan culture and international social movements. Nowadays, we cannot avoid the notion of globalization as it affects everyone since it presents them with a world context which influences them in some of their doings.
In our daily life, the term globalization has been used in a multiplicity ways. Concepts like global interdependence of nations, the growth of a world system, accumulation on a world scale, and the global village
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It defined as the process through that goods and services, capital, people, information and ideas flow across borders and lead to greater integration of economies and societies . The implication of globalization is a single system of connection that has penetrated the entire globe. It is such a significant term that anyone who wishes to know why particular ideological and discursive patterns appear in today’s conjuncture needs to examine how globalization is used in the world.

As a result of the collapse of state socialism, the world has acquired essential homogeneity as a single capitalist market. From economic perspective, globalization is usually happened within capitalist economy regions. It makes the world economy more interpenetrating and interdependent than before, and involves world society in intensified competition. By the collapsing of the Soviet Union and market orientation of Communist China, investments can be able to go anywhere around the world. The transfers of wealth across the national boundaries has far exceeded past movements. Opening of foreign investment now can contribute to growth by stimulating domestic capital formation and improving efficiency and productivity, and lead to a greater access to new technologies.

However, globalization is invoked time and time again to tell rich countries to roll back the welfare state and poor ones to reduce
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