What is Globalization?
It is nearly every day we come to hear it on the news when we turn our TVs on, get to read it in the papers when we buy them, majority of magazines are filled with its aspects, in fact we hear from people speaking about it in trains, restaurant, parks even barbershops, and yet majority of people seems to have a different meaning of it. So what could it be that everyone is concern about or for better word curious about it which keep itself alive within people? It is globalization and what is Globalization?
Globalization is the procedure by which different societies, cultures and regional economies assimilate through a worldwide network of political ideas. These same ideas are integrated through transportation, communication, and trade. However, there are many different topics, such as economy, finance, consumption, capitalism, socialism, culture, religion, among others, where the word globalization fit in. But for now I’ll only talk about some and the benefits and disadvantages of globalization.
Generally, globalization has affected many nations in various positive ways such as economically, politically and socially but those who oppose it have a strong argument as well. According to, Joseph E. Stiglitz book, “Globalizations and Its Discontents,” who is also a professor at Columbia University says that there is no query that globalization is development but that many of the problems that were to be removed by this “wonderful” process of globalization have not come about and to many in the evolving world because globalization has not transported the assured economic profits. Giving examples of Africa, Central and East Asia, Latin America, and Russia, he agrees the fact that if globalization has not flourished in reducing poverty, neither has it thrived in ensuring steadiness in these countries. . In his opinion, these established countries