...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...
Words: 3245 - Pages: 13
...GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies 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. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration in globalization can be attributed to an increase in free-trade activities, emerging technologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing with environmental destruction and availability of the already limited resources. Globalization has had diverse implications for environmental issues such as, pollution, deforestation, water resources climate change, and biodiversity loss. The rampant environmental problems have become the subject of international efforts because the effects are felt globally. The negative impacts of globalization focus on the destruction on the environment that is export-oriented. On the other hand, the positive impacts are the multinational companies research into technology...
Words: 1485 - Pages: 6
...productive potential and creating new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure. This process has an influence on many aspects of life. This includes but not limited to culture, education, health, trade, environment, technology and investment. CULTURE Culture plays a significant part of globalization. Many people around the world are coming to question the impact that the worldwide expansion that globalization is...
Words: 2833 - Pages: 12
...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 negative impacts of globalization...
Words: 2004 - Pages: 9
...by increased use of the internet have several social and economic implications for different aspects of people’s life. An analysis of the impacts of the internet demands a close examination of its influence on education, culture and social life, entertainment and economy among others. The subject itself is highly debatable due to the conflicting perceptions that people have of the implications of the internet. For some, its use is associated with free access to information and enhanced economic growth while others consider that the technology leads to undesirable consequences such as cultural erosion and cyber crimes (Bughin et al., 2011). Therefore, any attempt to argue that the internet...
Words: 1383 - Pages: 6
...principal causes? The real causes of such imbalances and problems are many. One problem is that of ideas promulgated by IMF and World Bank, through their policies. They give policies that are “one size fit all type.” This means that some countries cannot afford those measures. One underlying issue is that economic globalization has fast-paced political globalization. Economic globalization requires countries to integrate and be interdependent. However, there is political fragmentation that cannot support economic globalization. Developed countries want agreements that meet only their interests. Free trade agreements do not translate into real free business on the ground. The issue of intellectual property is not fully addressed on a global level. Ethical considerations One of the main ethical considerations should be...
Words: 2968 - Pages: 12
...• 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies 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. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration inglobalization can be attributed to an increase in free-trade activities, emergingtechnologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing withenvironmental destruction and availability of the already limited resources.Globalization has had diverse implications for environmental issues such as,pollution, deforestation, water resources climate change, and biodiversity loss. Therampant environmental problems have become the subject of international effortsbecause the effects are felt globally. The negative impacts of globalization focus onthe destruction on the environment that is export-oriented. On the other hand, thepositive impacts are the multinational companies research into technology that iseco-friendly...
Words: 1395 - Pages: 6
...Internet Has Impact on International Marketing of Companies and Consumers Student name: Chuqian Ma Word count: 1457 Date submitted: August 26, 2015 Abstract Companies and customers in international marketing have been changed by internet. The internet influences on companies in three aspects in this article, place, price and promotion, which are elements of Four Ps of marketing mix. The place and price are focus on the cost and supply chain, examples of Zara and Walmart are provided to prove the statements. The promotion of international marketing is focus on advertising channel and communication. Three main things of time, space, efficiency are used to identify the influence on the supply side by internet. Some negative effect such as information explosion and viral campaign are mentioned. As to the demand side, consumers are able to access various information and get more options in purchasing. Buyer behaviors changes along with online shopping. In such competitive marketing environment, companies have to improve their products and services that meet customers’ need for profit gained. The high level adoption of internationalization nowadays offers great opportunities in international marketing activities. As Internet has grown dramatically, more and more companies have realized its unlimited possibilities of development and have been involved in e-business. The purpose of this essay is to illustrate how internet can change the nature of the relationship...
Words: 1805 - Pages: 8
...connected China and Europe during the Middle Ages. The globalization has been developing since 1980 and today it is easier for people and firms to communicate with other countries in the world. Globalization is the development of worldwide economy in which resources and products move fairly across national borders. It is also a process of integration among people, companies, and governments of different countries, which is usually driven by international trade, investment and supported by information technology. Both developing and developed countries are taking part actively in globalization process but both countries reacted differently in globalization. This process has the positive and negative effects on employment, culture, education and knowledge, market competition, economic, wealth and human physical well-being around the world. Employment and Poverty The outsourcing of services and manufacturing to developing countries have provided more job opportunities for people in developing countries such as Thailand, Indonesia, China and Vietnam. It has given a chance to invest developing markets and discover the available talents there. Due to globalization of business, people in developing countries can obtain...
Words: 2531 - Pages: 11
...characteristics like it is consensus oriented, transparent, responsive, effective and efficient, allows specialization. It is responsive to the present and future needs of the society. Environmental sustainability involves making decisions and taking actions that are in the interest of protecting the natural world with emphasis on preserving the capability of the environment. Environmental sustainability is not just about reducing the amount of waste or using less energy, but it’s concerned with developing processes that will lead to a sustainable future. Many cities are responsible for polluting the environment in ways that are not sustainable. Environmental sustainability forces people to look beyond short term gains and look at the long term impact they are going to have on the natural world. Good governance of cities in order to control unwanted waste and pollution can help attain a sustainable environment. A city that incorporates economic, ecological and equity dimensions in its development choices would lead towards environmental sustainability. A society can thrive only when all members feel they have a...
Words: 1879 - Pages: 8
...the world are connected to each other than ever before. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalisation. Globalisation is the interaction between countries in order to develop the global economy. It has also been encouraged by trade liberalisation and financial market deregulation. It relates to the economy, politics, culture, society, and generally, with everything we deal with in our everyday lives. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalisation has in times that are more recent been increasing rapidly due to improvements in communications, information and transport technology. There are two types of global integration and they are positive and negative integration. The positive integration deals with homogenising international economic laws and policies and the negative integration deals with eroding of trade or protective barriers such as tariffs and quotas. The economic aspect of globalisation deals with the “increasing occurrence, speed and intensity of production, trading and financial exchange between individuals and bodies across global distances” (Fabian Global Forum, no date: 14). Other economic aspects, which have surfaced over the last thirty years, are multinational companies; technological progress and new financial techniques; authority of umbrella organisations like the World Trade Organisation (WTO), the International...
Words: 1186 - Pages: 5
...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...
Words: 2503 - Pages: 11
...in the Middle Ages to the Pony Express of early America, fax machines of the 90s to today’s ever-present internet connection, humankind has relied on the technology of the times to communicate. When members of a society cannot communicate with one another, breakdowns occur and the society is at risk of collapse. The impact communication technology is having on the world at large can be felt at every level of society: from education to social activism, communication technology is making it possible for anyone anywhere in the world to make an impact. While technology has brought about great change and made the seemingly impossible possible; the role that technology plays in society has its detractors. Humanity does not always accept the novel. Change is always greeted with suspicion and society can be slow to shift its paradigm. Today, no one can deny the power of having a literate society. Literacy rates are at an all-time global high. Any student who went to school in the 20th century studied using tomes of paper bound together in the relic known as textbooks. Textbooks were not handwritten, as was the norm prior to the invention of the printing press. Rather, they were mass-produced so that anyone in the school system could have access to educational materials. Mass-produced printed material has allowed society to become more literate, which in turn has helped the global economy. However, when the printing press was invented in the 15th century, it was not heralded as a hero...
Words: 2434 - Pages: 10
...either doing diplomacy visit to outside country or receive diplomat from that other country. Even though they still doing it nowadays, but now it can become shorten by doing it via technology like video conferencing. From have to send and wait for the mail, now can become faster via internet mail, or social media to deliver their message, policy, or statement to the public. Now, because of advancing technology people doing diplomacy become easier, efficient, and effective, since as they can become more multitasker also to finish their other works in the same time. There are three fundamental changes of diplomacy as the impact...
Words: 928 - Pages: 4
... Latin America and the Caribbean 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 Global Competitiveness Index Rank (out of 142) Score (1–7) Stage of development 1 Factor driven Transition 1–2 GCI 2011–2012 ........................................................ 58......4.3 GCI 2010–2011 (out of 139)..................................................66........ 4.2 GCI 2009–2010 (out of 133)..................................................60........ 4.2 Basic requirements (38.6%)...............................................67........ 4.6 Institutions...........................................................................103........ 3.4 Infrastructure........................................................................66........ 4.0 Macroeconomic environment ...........................................39........ 5.2 Health and primary education...........................................69........ 5.7 2 Efficiency driven Transition 2–3 3 Innovation driven Institutions Innovation Business sophistication 7 6 5 4 3 2 1 Infrastructure Macroeconomic environment Health and primary education Higher education and training Goods market efficiency 258 Efficiency enhancers (50.0%)............................................53........ 4.2 Higher education and training...........................................72........ 4.1 Goods market...
Words: 1560 - Pages: 7
