The Pros and Cons of Globalization and Localization Essay

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

Globalization is the process of integration arising from the interchange among people, ideas, and culture. Globalization shows that international trade between other countries has impacted the way the U.S is now. Most of the products we use today is made in other countries such as China, Indonesia, and South Korea. As beneficial it may sound to have products made cheap in other countries and sold in the United States at a much higher price. This is also known to have a problem to the factory workers.

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world” (The State University of New York, 2014, para 1).

Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.

Globalization implies distinctive things to diverse individuals. To the individuals who support it, it speaks to less explanations behind outfitted clashes, more open doors for getting away from the bounds custom and bias, a higher expectation for everyday comforts, and more access to the great things of life; so, private enterprise and majority rules system. To the individuals who doubt it or disdain it, it implies the submersion of national power, the elimination of territorial societies, the advancement of multinational enterprises and the chapter 11 of corner stores, the undermining of religion, and the defilement of profound quality; to put it plainly, private enterprise and popular government.

Globalization is an appealing concept that has many various interpretations and definitions. Globalization is the expanding connectivity and interconnectedness between diverse geographic nations to increase the efficiency of providing goods, enhancing relationships of cultures, economics, and technology to state

Globalization brings a number of issues with it. The biggest of which is that, in theory it furthers the divide By the way the rich and the poor countries. When the global community becomes closer and more interlinked, there is a distinct advantage to being a more economically developed and industrialized nation. Having the infrastructure and ability to subsidize their own industries means that they have the ability to protect their own industries while other nations that may be able to compete with their prices on an international scale, tariffs make it more costly to import foreign goods into a protected market while subsidies make it cheaper to buy local goods. The most obvious example of this in the US is the agriculture and farming industries.

The theory of globalization today is a field of intensive debate as the efforts towards defining globalization most often highlight its individual aspects. According to Held and McGrew (1999), “globalisation is an idea whose time has come, yet it lacks precise definition”. Despite the ambiguity of the term “globalisation,” the use of the term, according to Held and McGrew, reflects increased interconnectedness in political, economic and cultural matters across the world creating a shared social space. Given this inter-connectedness, globalisation may be defined as: “a process which embodies a transformation in the spatial organisation of social relations and

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 concept of globalization is a complex and peculiar one, failing to be definable by a single, precise definition. Centrally, globalization involves information and goods being exchanged amongst different countries. These interactions and interchanges among countries globally over time is due to an increase in communication and transport networks. Globalization is often divided into three main areas being economic globalization, cultural globalization and political globalization. All three are vital areas to one’s life and globalization is said to have a large impact on each. Although globalization is controversial in the aspect that it cannot be declared just how much of an influence the notion has in the world. Political scientists such as Muhammad Ijaz Latif, Anton Pelinka and Martin Wolf all discuss this issue in their respective pieces as well as differing aspects of globalization such as the role the European Union plays in relation to globalization, the different perspectives of globalization and the challenges of the nation-state in regards to globalization.

In an article by authors, Lechner and Boli, globalization is described as having a different level of significance to each individual. The authors then provide a definition for globalization as referring to, “the process by which more people across larger distances become connected in more and different ways.” (Lechner and Boli) While globalization can be seen as both a beneficial and an unbalanced process, it is obvious that it has created diffusion and a greater sense of world consciousness. Interconnections across the world are increasing through the time-space compression that globalization creates. This process occurs through each form of globalization working together.

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

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.

It is known that the economy is definitely effected by globalization, but not always in a negative way. In a sense, the world revolves around some situations dealing

Another definition would be that: “Globalisation describes a process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation.”4