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Merits and demerits of globalization
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Merits and demerits of globalization
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Globalization Globalization is one of the main aspects in the 21st century. Globalization has brought the world closer; all the things that are happening nowadays are recognized globally even if they happened locally (Buckley). According to Nayef Al-Rodhan GCSP (Geneva Centre for Security Policy) globalization is not a single word or concept. It contains many other concepts within itself. Globalization is composed of different concepts like incorporation regarding the economics, transmitting information or understandings, stability within beliefs, and other concepts (Al-Rodhan p.3). This paper deals with the definition of Globalization, the advantages and disadvantages of globalization, and based on these information the views that to which extend the globalization is beneficial for majority of the world's population. The concept of globalization has changed the whole shape of the world. It has both its positive and negative impacts on people's life. However, by taking both the advantages and disadvantages into consideration we can find that to a large extend globalization is beneficial for majority of the world's population. With the help of globalization the works that were difficult in past is getting easier in today's environment. People are getting closer to each other, which is a product of globalization. Moreover, the knowledge and informations are being circulated in very good way which is a very good sign for having a good and prosperous life. As being a main concept of 21st century knowing the definition of globalization is important. Regarding the definition of globalization Thomas Larsson wrote: "Globalization is a process of world shrinkage, of distances getting shorter, things moving closer. It pertains to t... ... middle of paper ... ...get larger which results in difference in life styles of people. By comparing both the advantages and disadvantages of globalization we can understand that the advantages are more noticeable and have greatly benefited the human life. Works Cited Al-Rodhan, Nayef. Definitions of Globalization:A Comprehensive Overview and a Proposed Definition. Geopolitical Implications of Globalization and Transnational Security . Geneva: GCSP, 2006. Buckley, Richard. "The Global Village: Challenges for a Shrinking Planet." Understanding Global Issues (1998). CHENG, Yin Cheong. Fostering Local Knowledge and Wisdom in Globalized Education: Multiple Theories. Bangkok, Thailand: Centre for Research and International Collaboration Hong Kong Institute of Education, 2002. Larsson, Thomas. The Race to the Top: The Real Story of Globalization. Cato Institute, 2001.
“Globalization contributes to sustainable prosperity for all people”. This quote contains mostly truth but there are also many arguments towards how globalization really does contribute to sustainable prosperity for people all around the world. This can be supported by three main points. How the rise of Japan’s economy effected the lives of millions of people. How shipwrecking effects the lives of both the ship companies and the workers in Bangladesh, and how economic growth contributes to the sustainable prosperity of the population in a specific nation. Sustainable prosperity can be defined differently from different individuals because of people’s personal opinions and their perspective is also effected by the people who influence their lives the most, but the main definition of prosperity is to have good fortune, or growth in an economic way. Globalization creates a gateway for sustainable prosperity to all people and gives people all around the world the opportunity to gain prosperity.
Ritze, George, and Zeynep Atalay. Readings in Globalization: Key Concepts and Major Debates. Chichester, West Sussex, U.K.: Wiley-Blackwell, 2010. Print.
As Thomas Friedman explains in his book “The World is Flat”, globalization started “when Columbus set sail, opening trade between the Old World and the New World.” Afterwards, “multinational companies went global for markets and labor,” and around the year 2000, individuals were the ones who got into the global world. Today, individuals and small groups easily enter the global market, collaborate, and compete - a process described by Friedman as “the flattening of the world.”
Globalization means different things to different people, so there is no one set definition. It is generally considered to be the spread of cultural, religious, political and economical systems, and symbolizes an increase of global communication, flow of ideas, and transfer of knowledge. Is also the spread of capitalism and Westernization. Globalization creates new opportunities and benefits, yet it can also bring suffering. Each region of the world—within continents, countries, and towns—experiences globalization in a different way. While one country may experience prosperity another may experience marginalization and impoverishment. This is because access of power is selectively given to certain groups. Globalization tends to produce success for the powerful at the expense of the
Globalization is a broad concept and the angle taken to define it can lead us to interpret the idea in many different ways. There is much controversy about what globalization actually means and many definitions fail to encompass social, cultural and technological exchanges between world systems. John Pilger suggests that "it is a jargon term which journalists and politicians have made fashionable which is often used in a positive sense to denote a 'Global village' of free trade, hi-tech marvels and all kinds of possibilities that transcend class, historical experience and ideology." (J.Pilger 1998:63). Taking a broader point of view, Bilton et al defines globalization as "The process whereby political, social, economic and cultural relations increasingly take on a global scale, and which has profound consequences for individuals, local experiences and everyday lives."
After the cold war, word ‘globalization’ was commonly used at a time of unprecedented interconnectedness when advanced nations experienced a ruthless development by exploiting energy resources and stressing culture forms in developing countries. To identify the definition of ‘globalization’, it is significant to clarify its appearance as well as implication.
...o we can achieve our dreams in life: “we are now living in a world where time and space don’t matter anymore” just like J.Mittleman said. Globalization as we just learned is relative, whether it’s an opportunity or an exploitation depends on where you sit and how you look at the world. Kent, J., Kinetz, E. & Whehrfritz, G. Newsweek. Bottom of the barrel. - The dark side of globalization (2008/March24). David, P. Falling of The Edge, Travels through the Dark Heart of Globalization..Nov 2008. (p62)
It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of the world closer. Considerable amount of exciting tourists can visit remote villages in the corner of the earth. Secondly, new telecommunication, such as internet and TV, makes people’s common life colorful. Fans in China who are interested in Manchester United can also share their joy with their counterparts in United Kingdom, when the team won a game. Moreover, we can buy the popular products of high quality made in other countries, such as automobiles of Volkswagen and furniture of IKEA. Finally, globalization can lead to cooperation in trade between different countries. Even though globalization can bring so many conveniences to us, we still worry about its severe negative aspects.
Since the term of globalization is basically everyday, the world is shrinking smaller due to the invention of transportation and communication. Globalization simply integrated countries and countries since it has been used economically, culturally and politically in a various purposes. Globalization may refer as the small world with the advanced technology interaction to live as the same lifestyle but different cultures. Indeed, this essay will demonstrate the positive and negative impacts of globalization to the world’s lifestyle that has been changed recently.
Globalization is defined as “the historical process involving a fundamental shift or transformation in the spatial scale of human social organization that links distant communities and expands the reach of power relations across regions and continents (Baylis, 2014).”
Globalization can be defined as the international incorporation which results from the exchange of products, culture, ideas, and worldviews. It may also be defined as the increased flow of people, information, and goods across international boundaries. Increase in transportation and the internet has brought about an increase in globalization. Three different forms of globalization dominate the world which are; economic globalization which is the rise in the economic dependence of national economies all over the world due to a rise in to and fro movement of technology, capital, and service from one country to another, political globalization which is different government sectors using the same method, practice, and ideology, and social globalization which involves the unceasing spread of religious beliefs and ideals, whether by the use of soft means such as persuasion or by the use of force. Some individuals and social groups resist globalization because they belief that globalization would destroy their culture and their natural environment, bring ...
Stiglitz, Joseph (2005), “The Overselling of Globalization,” in Bradley A. Thayer, Nuray V. Ibrayomova (eds.), Debates in International Relations (New York: Longman), 86.
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)
The term ‘Globalization’ refers to is the integration of economies, industries, markets, cultures and policy-making round the globe. It explains a progression by which both national and regional economies, societies, and cultures have become incorporated through the universal system of commerce, communication, migration and transportation.