...Introduction In first look, Globalization, internet & entrepreneurship have a weak relation with each other. But if you observe more precision, you can find many relation between them. For example Globalization accelerates the change of technology. Every day it seems that a new technological innovation is being created. The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally. All of Globalization, internet & entrepreneurship terms are very popular nowadays but many people don’t know the real meaning of them and the relationship between them. In this article we try to clear the relations. First of all, we have to define the terms. Globalization The most important term in this subject is globalization. Globalization is only a description, describing the state humanity is in right now. It is not simply an economical term, it affects our whole life. It means that we are all interconnected, and physically we are like individual cells of the same body. It is a state we arrived through our evolution, and it is a state we cannot escape. Globalization doesn’t have a clear & brief definition but according to business dictionary globalization means “The worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local...
Words: 1554 - Pages: 7
...for Globalization, Michigan, and the US | | | James Alexander Galarneau; John Allen; Fadi Shatara | 2/6/2013 | | Abstract: Globalization is the process of integrating human societies, economies, politics, and cultures across the globe. The purpose of globalization is to connect people together and spread information and resources in a more efficient way. Globalization allows integrating economies and societies. Globalization provides tools to become more productive members of society. It is a way of understanding how other parts of the world function. We access this information through a variety of sources such as, databases, information technology systems, computers, smartphones, internet, and social media. Many of the products and services we use today are created as a result of globalization efforts. Different countries in different regions of the world specialize in different aspects in the production of everyday items. In the effort to lower costs of products, different parts of products are made around the world for a lower price which benefits us as consumers. The spreading of globalization has resulted in many occupations that are outsourced to foreign countries due to the fact that cheaper labor can be found worldwide. The Role of the Internet The creation of the Internet has greatly contributed to Globalization. The Internet can be show to have played a role in triggering the wave of Globalization that we continue to see today. Internet has...
Words: 1517 - Pages: 7
...Internet’s Impact on Globalization Globalization, which began as trade between and across territorial borders in ancient times, has now become more prevalent due to advances in information technology. Information technology is the driver in creating worldwide integration of various global markets that make up globalization. The basis of information technology is the internet. The internet is a series of networks that send out information at supersonic speeds. The internet produced one of the greatest influences on the progression of globalization, the World Wide Web. The World Wide Web allows individuals to post their own digital content for anyone across the globe to see. What made the Web so important was that it created a link between the computer and the internet. The Web made the internet useful to individual people and businesses. The rise in internet in companies accelerated the pace of globalization by allowing the sharing of knowledge and information almost instantaneously across the globe. The impact of the internet on globalization has both positive and negative effects. A positive includes the modernization and improvement in business on a global platform. Businesses have improved their global competitiveness and become more productive with more efficient electronic transaction processing and instant access to information. With the internet the market is now more competitive with consumers having a greater avenue of choices. The internet has increased the communication...
Words: 482 - Pages: 2
...GLOBALIZATION AND PAKISTAN, SOME REALITIES. Ghulam Ali Khan * INTRODUCTION TO GLOBALIZATION: Globalization is a multifaceted phenomenon. The term Globalization is a controversial term and has been defined in several different ways. The word globalization can imply different meaning for different people across the glob. Some focus on the economic aspect and hence emphasize the global economy outlook, whereas some focus on the cultural aspects of this phenomenon and how globalization has effected different aspects of their culture, still others focus on the political aspects of the structure of globalization, yet others equate globalization with advanced technology, particularly in the area of communication and transportation. Globalization is all that. According to Majidi (1 ) There is not yet any single definition about globalization and there no consensus about it among the scholars. According to Walsham (2) ”The term globalization has achieved the unusual status, in a relatively short time, of becoming fashionable in academic debates in the social sciences, in the business world, and to some extent in the popular media. . However, even a cursory examination of these sources would demonstrate that the term is highly ambiguous, and that it masks a wide variety of opinions on what is happening in the world.’’ Anthony Mcgrew (3) confirming that globalization is a multidimensional phenomena, pays due attention to the issue of communication, defining globalization as the increasing...
Words: 3547 - Pages: 15
...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...
Words: 756 - Pages: 4
...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 mail, the internet, and World Wide...
Words: 3245 - Pages: 13
...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...
Words: 2004 - Pages: 9
...Globalization December 11, 2012 Globalization Globalization is a trend of joining countries together economically, socially, informational, industrially, politically, and many more. Even though, globalizing had been around for a long time, such as, “Islamic Golden Age when Muslim traders and explorers established an early global economy across the Old World resulting in a globalization of crops, trade, knowledge and technology” (Wikipedia.com) before the turn of 16th century. In modern term of globalization “is a process of interaction and integration among people, companies, and governments of different nations [with intention of] international trades and investment and exchange of information technologies” never seen before. (Levin Institute, 2009). To most people, they think of as “to bring people of all nations closer together” (Wikipedia.com) as ‘the small world.’ Globalization is a way of eliminating barriers of country borders, to communicate in real-time overcoming time zones, language barriers to form a world language to allow everyone capability to communicate, and many more. Globalization has an effect on many words or terms such as American, Jewish, Muslim in related to religious level could change to one religion recognize by what might be called ‘multiculturalism’. It had been known here in America as “The melting pot” which many different cultural had and is still migrating into America now extends out to the rest of the world. There may be lots...
Words: 1017 - Pages: 5
...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, recently, an actor was caught for being involved in drugs processing. He admitted that have learnt the process via internet. So, no boundaries...
Words: 964 - Pages: 4
...Globalization Outline: • Introduction. • Historical background of the concept. • Tools of globalization. • Different levels or aspects of globalization. • Negatives of globalization • Positives of globalization. • Suggestions. • Conclusion. Globalization is an irreversible and irresistible phenomenon. It is very famous all over the world. While dilating on the subject, it is important to note that globalization not only affects us as a citizen but also as “producer-consumer in the global economy”. In the modern contemporary world, intense debate revolves around the term “globalization”, which is even today a continuous issue. Before exploring the concept, we should take a look over the different definitions of the phenomenon. Globalization can be defined as “closely interrelated integration of market in terms of goods, services and capital”. It can also be defined as “gradual erosion of boundaries between states through increased economic interdependence and interlinkages can be termed as globalization. From the above mentioned definitions, we can assume that globalization is the mutual sharing of goods, services and capital between or among states. It is also gradually making states closer and integrated. There are different theories about the beginning of the concept of globalization. Some are of the view that it started from the mid of 20th century with woods conference 1944. While the others are of the view that this concept was properly started with the establishment...
Words: 2728 - Pages: 11
..."Globalization, as defined by rich people like us, is a very nice thing... you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn't affect two-thirds of the people of the world." Jimmy Carter’s quote on globalization highlights its effect on both the majority and minority. The quote talks about how the often stated positive aspects of globalization only affects a small proportion of the world; only one-third. Despite the fact that the quote is probably outdated since Jimmy Carter stepped down from presidency in 1981, it still holds very true in our own world. Carter says that globalization is usually defined as a good thing by “rich people” who have access to things like “cellphones” and “Internet”, in the modern world only 33.34% have internet access. Basically, the problems of the majority of the world’s population is being marginalized and not being taken seriously. In our world, technological globalization is yet to truly globalize due to many reasons including poverty and lack of education. Globalization is described as the world becoming more interconnected but it seems that the world is actually drifting further apart in terms of wealth. The path that globalization takes is usually determined by the influential and wealth who are disconnected from the true state of the world. Due to this, globalization so far has mainly made the rich richer and the poor poorer. Technology companies need to begin creating...
Words: 439 - Pages: 2
...Globalization Summary Statement Introduction: We find from Globalization101, that globalization can be defined as “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” (2014). In our current era, technology allows for the development of international partnerships which gives nations and businesses the ability to connect on a more efficient level than was previously attainable. Globalization also allows for the abolition of barriers to trade, communication. Accordingly, before the Internet, Globalization did exist but was less refined than it currently is. From Jones, one will also learn that Globalization can also allow for the abolition of barriers to trade, communication and cultural exchange in an effort to promote the prosperity of all nations involved. There are of course two sides for globalization, critics assure that globalization will result in global turmoil and wrought ruinous results while proponents argue that it will allow for increased financial health in the global economy. Body: Due to the increase of technologies available to world-wide businesses, executives can now communicate effectively with satellite locations without losing the main focus of the organization. Because of this new concept there has been an increase in globalization. Globalization will never be rendered completely obsolete as financial systems...
Words: 704 - Pages: 3
...Introduction Nowadays the economy of the world has been progressively changed. Mobile phones, computers and Internet have brought people closer, and have become an essential part of our life. Many goods, which were once limited to some countries, are now available across the world. Work can be outsourced to any part of the world that has access to the Internet. Because of improvements in traffic infrastructure now it is easy to reach one’s destination in a relatively short period of time. This great phenomenon can be called as globalization. Globalization has been defined in many different ways, but central to most of them is that globalization is the interaction between different countries in order to improve the global economy and society. Furthermore, “process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade is classified as globalization”. There are three main factors that contribute to globalization are the efficiency of international transportation, making international trade and enterprise profitable and growth of the informational technologies. Cause 1 One of the factors that lead to the process of globalization is the efficiency of international transportation as a fundamental element of supporting the global economy and market as whole. International transportation it is a factor that causes international trade to spread faster, because international...
Words: 1675 - Pages: 7
..."Globalization, as defined by rich people like us, is a very nice thing... you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn't affect two-thirds of the people of the world." Jimmy Carter’s quote on globalization highlights its effect on both the majority and minority. The quote talks about how the often stated positive aspects of globalization only affects a small proportion of the world; only one-third. Despite the fact that the quote is probably outdated since Jimmy Carter stepped down from presidency in 1981, it still holds very true in our own world. Carter says that globalization is usually defined as a good thing by “rich people” who have access to things like “cellphones” and “Internet”, in the modern world only 33.34% have internet access. Basically, the problems of the majority of the world’s population is being marginalized and not being taken seriously. In our world, technological globalization is yet to truly globalize due to many reasons including poverty and lack of education. Globalization is described as the world becoming more interconnected but it seems that the world is actually drifting further apart in terms of wealth. The path that globalization takes is usually determined by the influential and wealth who are disconnected from the true state of the world. Due to this, globalization so far has mainly made the rich richer and the poor poorer. Technology companies need to begin creating...
Words: 332 - Pages: 2
...C404 Unit 2 Task 17 The world is witnessing the fast-growing changes of globalization. Even though this term has been commonly used since the fifteenth century, it was not until late 1990s that globalization had a significant impact on human beings. The development of multinational corporations, international organizations, etc has changed the complexion of the world. Thanks to the continued advance of technology, transportation and communication, many countries in the world have changed stategies to integrate the environment of an intedependent economy, culture and society. Globalization affects many different aspects of individual’s life; especially, the Internet and the international market are among the most recognizable impacts, with both positive and negative sides. Internet is currently growing at a rapid rate more than ever before. In a recent survey conducted on Americans, it was revealed that people use Internet primarily to maintain social releationships. With the outbreak of Facebook, Twitter and many other social networks in recent years, people have more chances to extend their acquaintanceship by making friends around the world. It is the up-to-date characteristics of the Internet that create more opportunities for people to know faster what is happening around the world, even when it is unecessary to travel along. However, it shoud be noted that the dark side of the Internet also bring bad consequences with an increasing number of junk mails, harmful softwares...
Words: 497 - Pages: 2
