...Through the global interconnectedness among people, globalization has been appeared. Globalization refers the integration of global economies, societies and cultures through the communication, transportation and trade. During this period of this process, one question has been raised whether is globalization bad or good? And according to this question, it is proved that globalization is playing a fundamental role to make progress to many sections including economies, culture and religion, public services and living standard, and technology. In economics, Globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. It shows the market expansion and integration, and it is an unchangeable tendency for international economic development. In economy, globalization is playing a significant role to make advancement to this sector over the world. Globalization has created widely the international economy, integration of markets and the flow or movement in the world, all of which make escalations in global movement. There are many importance of globalization on economy for many years. Improvement in technology has a essential effect in decreasing the costs of transportation, communication and commodity also lowering the price of data processing and information storage. There is a sign of the modern technology like electric...
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...Principles of Globalization Globalization is a process of collaboration and amalgamation among different cultural groups, a process driven by trade, investment and the advancement of technology. It creates a world where everyone is united and there is a single culture flowing through many different lifestyles, effecting environment, political systems, economic development and prosperity, and the physical well-being of individuals (www.globalization101.org). The concept of globalization has been in act for many years, however recently, the severity of the merging cultures is becoming much more apparent. There are many types of globalization, each focusing on a different aspect in today’s current world issues. Economic globalization refers to the integration of multinational and transnational companies around the world, the seek of global markets and the idea that more global wealth is needed. Moreover, technological globalization refers to the explosive growth of communications over the past 5 decades and how it is thoroughly spreading to many parts of the world. Through both of these types of globalization, we develop the cultural aspect of globalization, defining the harmonization of the world’s cultures to create a single union. It is inevitable that the world will eventually merge and be entirely westernized, however it is solely a question of whether or not this is a positive movement. The Main Players The never ending expansion of technology has drastically taken...
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...Globalization and me: what impacts could it be? According to Word Power Dictionary, globalization comes from word globalize which means develop (business, society, etc.) so as to make international influence or action possible. Other than that, globalization can be define as the increasing connectivity and interdependence of the world’s economies, societies, and cultures because of advances in communications, technology, trade, international investment movement of currency, and migration. In my opinion, technology is the big roles or function that brings the globalization. Same as Kenichi Ohmea words, globalization as a borderless world seeks to change the world into a single unit only. This process is easier with the advances in communication technology. There are numerous ways in which globalization has impacted the world. The globalization has impacted on education, economic, culture, language, food and others. Globalization also means the phenomenon that makes the world seem smaller in terms of human relations due to the speed of development of information technology. Human easily get information and difficult to filter the negative elements that permeate the hearts and minds. Some terms such as “borderless worlds” and “open skies” make such as trade, the development of political and economic power towards the development of civilization. Education is the process of receiving and giving systematic instruction, especially at school and university. There are positive and...
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...Globalization: Changing the World’s Economy Globalization is the process by which the interaction of economic, political, cultural, and environmental systems across geographical borders are accepted as part of a more integrated and interdependent world economy. Some people view it as an exchange of people, goods, ideas, capital, and cultures across national borders linked by the development of modern technologies, such as the Internet (Globalization, 2007). In the last few decades, the advantages of globalization have been debate because some argue that it is good for the world economy, while others argue that it can cause catastrophic economic and environmental consequences. Although globalization has some negative effects, such as increasing income inequality between the poor and the rich, its positive effects outweigh the costs. Therefore, globalization improves countries’ economic growth, people’s standard of living, and information technology. Many people believe that the concept of globalization was caused by the liberation of markets after the post-war monetary agreements, such as the Breton Woods System. However, globalization has already been in practice for centuries all over the world. These agreements accelerated globalization because they helped to open new markets in different countries, and reduced trade barriers through the General Agreement on Tariffs and Trade (GATT). Some archeologists found evidence of trade between the Roman Empire and Sri Lanka, and some...
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...Globalization Nowadays people have become closer than before. Services and goods produced in a country will be available to sell in the other countries. We hear about globalization in the news every day, read about it in the news papers and hear people talking about it. Globalization is the interactively international and nearness of economies. The world is not a large and strange place anymore. We live in a place that is interconnected and intertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. It is the process that has led to the diverse parts of the globe becoming much closer to each other (Slaughter and Swagel, 1997). Globalisation is the procedures by which the people around the world become connected to each other in all aspects of life, culturally, technically and politically, economically and environmentally. Globalization assists improving technology that benefits many people in throughout the world. By increased the spread of cultures, trade, information and creating options, Globalization can be highly beneficial to everyone by bestowing great fortunes on us. This essay will highlight some of positive and negative effects of globalization. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator...
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...The role of Globalization of Social Construction of Youth Culture Introduction The purpose of this paper is to address the role in which globalization plays in the social construction of youth cultures. The phenomenal impact of communication technology on youth culture has generated a continuous debate since the 1970’s (Andrew, 2003, p. 1). The emergence of youth culture was a result of consumer market, which created diverse styles for young people worldwide (Grixti, 2008). Since the introduction of globalization, there has been a dramatic change in youth culture causing a greater shift within societies. As globalization rapidly changes, the world becomes more complex place for young people (Bourn, 2008). Therefore, a significant number of youth globally are having difficulties identifying themselves and finding their sense of belonging in this world (Bourn, 2008). Sociologist has provided strong evidence that globalization on youth culture has not only contributed positively to society but also have negative impact on the current global youth (Kahn & Kellner, 2002). To outline the aforementioned statement, the scope of this essay will confine on youth culture and the influential paradigm that contour youth cultural globally. The theoretical perspective such as post-modernism will be explored to provide a depth understanding of cultural studies. Altogether, this discussion examines the impact of globalization on communication technology and music and fashion industry...
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...Globalization Argumentative Paper Jennifer Johnson June 15, 2015 PHL/320 University of Phoenix (1, Premise) Globalization effects on economy, administrative, and geographical system of the nations in an effective manner. In today’s more challenging and competitive business era, globalization is one of the most important factors that have a direct or indirect effect on the economic, administrative, and geographical system of the nations in an effective and proper manner. There are rapid changes in the economics of the nations, due to globalization. In addition, different kinds of issues are developed or created by the globalization to the countries. Also, these are affecting the nations directly or indirectly. For example, High risk investment in other countries is considered a significant issue. (1, Conclusion) After the globalization of the worldwide market, foreign investors faced the high risk to invest in the other nation due to the differences in administrative, geographic, economic, culture and demographic condition of the countries.(Lynch & Gemini, 2010) (2, Premise) Globalization contributes to the improvement of technology that helped national companies. There are various technological improvements that create effective contribution in the globalization of markets and production. It is identified that the use of computers helps the companies to adopt globalization and improve its market share in the global market. In computers, the use of the internet helps...
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...Outline 1. Definition of Globalization 2. Historical background of Globalization (I) sentence of support (II) Sentences of explanation 3. Dimensions of Globalization a. Economic Globalization (I) sentence of support (II) Sentences of explanation b. Technological Globalization (I) sentence of support (II) Sentences of explanation c. Cultural Globalization (I) sentence of support (II) Sentences of explanation d. Political Globalization (I) sentence of support (II) Sentences of explanation 4. Benefits of Globalization a. International Trade b. Movement of people c. Spread of knowledge (and technology) d. Capital Movement e. Protection of Fundamental Human rights f. Cultural Diversity 5. Conclusion Globalization Globalization (or Globalisation) is the increasing interconnectedness of people and places as a result of advances in transport, communication, and information technologies that cause political, economic, and cultural convergence. It is the integration of economic, political, and cultural systems across the globe. Carnegie endowment for international peace also defines Globalization as a process of interaction and integration among the people, companies, and governments of different nations...
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...PART-1 1. Concept of globalization: Globalization means the coming together of different societies and economies via cross border flow of ideas, finances, capital, information, technologies, goods and services. The cross border assimilation can be social, economic, cultural, or political. But most of the people fear cultural and social assimilation as they believe this would have a negative impact on the existing culture of their society. Globalization therefore has mostly narrowed down to economic integration and this mainly happens through three channels; flow of finance, trade of goods and services and capital movement. Globalization is a term that includes a wide range of social and economic variations. It encompasses topics like the cultural changes, economics, finance trends, and global market expansion. There are positive and negative effects of globalization - it all comes as a package. Globalization helps in creating new markets and wealth, at the same time it is responsible for extensive suffering, disorder, and unrest. The great financial crisis that just happened is the biggest example of how negative globalization can turn. It clearly reveals the dangers of an unstable, deregulated, global economy. At the same time, this gave rise to important global initiatives, striving towards betterment. Globalization is a factor responsible for both repression and the social boom. What happens when there is a growing integration of economies across the globe? Majorly...
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...Globalization Student Name Institutional Affiliation Instructor’s Name Globalization Globalization is defined as the change of social, economic and political structure among the companies, people and government of various countries, a process which is facilitated by investments and international trade enhanced by informational technology (Steger, 2009). This process has several impacts on economic development, environment and socio-economic structure evolving from Old Stone Age period up to this technological period. Globalization is not a new process. The current state of globalization has been facilitated by policies that have created opportunities both domestically and internationally. Different nations have come up with free market economic systems thereby increasing their productivity, creating employment opportunities and international trade among different states (Steger, 2009). Through international unions, many countries have taken advantage of free trade, which has enhanced the movement of goods and services from one nation to another, this has promoted foreign exchange in the global market, and therefore it is an international financial business and industrial structure. Technology has been one of the major contributors to globalization. Advancement in information technology for example telecommunication has fastened the global communication and links among different nations. This has helped to drastically transform many lives and ways of living. Technology has given...
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...Advantages of Globalization: * Resources of different countries are used for producing goods and services they are able to do most efficiently. * Consumers to get much wider variety of products to choose from. * Consumers get the product they want at more competitive prices. * Companies are able to procure input goods and services required at most competitive prices. * Companies get access to much wider markets * It promotes understanding and goodwill among different countries. * Businesses and investors get much wider opportunities for investment. * Pooling of production of different areas can reduce adverse impact of fluctuations in agricultural productions in one area. Disadvantages of Globalization: * Developed countries can stifle development of undeveloped and under-developed countries. * Economic depression in one country can trigger adverse reaction across the globe. * It can increase spread of communicable diseases. Companies face much greater competition. This can put smaller companies, at a disadvantage, as they do not have resources to compete at global scale. According to Lewis Henry, business is a human activity directed towards producing or acquiring wealth through buying and selling of goods. Moreover, the term business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions. In my opinion the statement ‘the study...
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...|Essay Forum / Writing Feedback / | | | | | 'The Advantages and Disadvantages of Globalization' Top of Form syahid Apr 9, 2010, 10:03am #1 Even though globalization affects world's economies in a positive ways, its negative side should not be forgotten. Discuss. Globalization has contributed a lot to the world today. It boosts countries economies, advance technologies and improve daily life of the people. But in the meantime whether it is a blessing or a curse has sparked much debate. This is because the benefit of globalization always come with the drawbacks. For me, the advantages of the globalization are outweigh its disadvantages. Convincing argument can be made that globalization has led to advancement in technologies. This advancement has built the new world without boundaries. So, the communication can be made with any other parts of the world through technologies such as internet and telephone. Hence, ideas exchange can be done among intellectuals,journalists, scientists or ordinary people. As a result, the best ideas will be spread all over the world which led to enhance the world achievements. However, there are some disadvantages of the globalization. The absence of boundaries of the world through technologies could create harmful to the people. To illustrate, the access to the bad website in internet such as drugs and pornography could affect people minds. For example...
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...Globalization PHL/320 July 6, 2015 Jose Rodriguez Globalization Argumentative Globalization is a topic that I was not to certain of but after doing some research I know understand that the term globalization is, a process of interaction, integration among the people, companies and governments of different nations. This process is driven by trade and investment and aided by information and technology. Globalization will affect and impact any business and how it is run. The argument is whether or not globalization is good or bad for business. I believe that globalization is good for any business as it relates to market globalization. Market globalization makes it easier for companies to sell products internationally. This is good for business because it allows for expansion in multiple areas of the business and established proven growth in the company. (1, Premise)Globalization effects on an economy, administrative, and geographical system of the nations in an effective manner. In today’s more challenging and competitive business world, globalization is one of the most important factors that have a direct or indirect effect on the economic, administrative, and geographical system of the nations in an effective and proper manner. There are rapid changes in the economics of the nations, due to globalization. Also, different kinds of issues are developed or created by the globalization to the countries. Also, these are affecting the nations directly or indirectly...
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...Conclusions The globalization of supply chain management is the natural outcome of today’s expanding consumer markets as companies struggle to meet the dynamic needs of growing markets and new customer segments. It has led to a high degree of specialization under an ever-expanding world market. People with special skills can work with little overheads and market globally. Small companies can flourish. Introduction The pace of globalization on the supply chain continues to foster opportunities, challenges and uncertainties for companies around the world. Almost every business is involved in one or more supply chains and Globalization now has an impact on every company, large and small.[1] The purpose of this report is to: 1. Explain when Globalization started. 2. Assess the impact of globalization on supply chain management. Definition Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence. [2] History Of Globalization When It Began The term, globalization, was first used around 1960 to describe international capital flows. If the definition of...
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...Globalization & Communication Technology Globalization has been around for hundreds of years as nations sought to trade with other nations located great distances away. It was slow and took months for the simplest transaction, but it existed. Now, due to the Internet and other communication technology, we have entered a new era of globalization in which interactivity, communication, collaboration and the transfer of products and services take place instantly. This 21st century version of globalization will transform the economic, cultural and political climate of all participating nations for years to come. Globalization * Globalization is the process of integrating people from varies countries, nations, cultures and governments into one global melting pot. The process is driven by the economics of free market capitalism, international trade and investment. It represents a merger of the developed world with the developing world, thus creating new and dynamic mutually beneficial business models and cultural exchanges, experiences and considerations. Communications Technology * With the Internet, telecommunications, broadband, cell phone technology, handheld wireless mobile devices and other communication technology, geographically dispersed workers can now interact and collaborate as though they all were located together in a downtown high-rise. In fact, communication technology has advanced to the point where instant communications across the globe can be so...
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