Essay about Benefits of Globalization

Essay about Benefits of Globalization

Length: 1551 words (4.4 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Nowadays when people start their own businesses, the majority of them have a common vision which is to see their business’s products or services being purchased all over the world. Some people wear clothes just to look good but others would prefer owning clothes made from imported material, or rather imported clothing product. Most products that we use in South Africa are either written that they were manufactured in another country or made in South Africa from imported material.
People are able to do all that because of the modern means that enable them to trade internationally. The collective term used to describe this process is globalization.
Globalization is described as the process of interaction and integration among the people, companies, and governments of different nations. This process is driven by international trade and investment and aided by information technology.
This process has effects on the environment, culture, political systems, economic development and prosperity, and on human physical well-being in societies around the world.

Globalisation brings competition
With organizations ability to distribute their products globally, there is an increase in completion with other organizations in the world and by this business would want to get more customers than other business and customers’ needs are being considered. This benefits the customers and the economy and raises the living standards of everybody. The prices become more reasonable and the standard of quality of the products is improved.
Rise in opportunities
With the increasing demand of services or products of the organizations that trade globally, the company is required to expand its p...

... middle of paper ...

... human trafficking, rhino poaching, and illegal trading of plants to another country.
There is also a possibility that the developed countries can operate their businesses in another country which is still a developing country, by employing people and paying them fewer salaries (cheap labor). By taking business to another country can leave local people unemployed and that can increase the rate of unemployment. Migration of people to another country can increase the population numbers in the country of destination because others may decide to reside permanently in that particular country. The increase in population means more service deliveries are required.
But on the positive side of it, globalization has allowed developing countries to share ideas with developed countries and work together with developed countries to improve their standard of living.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The United States and the Benefits of Globalization Essay

- Globalization is a concept with a variety of meanings making it quite confusing. The concept includes a wide variety of events as well as aspects of personal and social life. However, some scholars have attempted to offer some definitions of this concept: It has been defined as the increasing unification in the economic order of the world via the reduction of barriers to free international trade like tariffs, import quotas, and export fees. Globalization describes the process in which regional economies, cultures, and societies have become integrated via transportation, communication, and trade (Croucher 10)....   [tags: Outsourcing, Offshoring, Free Trade]

Better Essays
2367 words (6.8 pages)

Costs and Benefits of Globalization and Localization Essay example

- "Globalization is unstoppable. Even though it may be only in its early stages, it is already intrinsic to the world economy. We have to live with it, recognize its advantages and learn to manage it," said Maria Livanos Cattaui in her article, The global economy - an opportunity to be seized (Business World, 1997). Many authorities agree that as the world enters into the twenty-first century, many economic, political, and cultural changes will take place due to what some people are simply calling the latest buzzword....   [tags: Globalization vs Localization]

Better Essays
2527 words (7.2 pages)

Costs and Benefits of Globalization and Localization Essay

- For one to understand the costs and benefits of globalization and localization one first needs to understand what each entails. Globalization is when a country involves itself into international affairs, economically, politically or even possibly culturally. Globalization expands beyond the local boundaries of a nation and spreads into other communities throughout the world. Localization is when a country chooses not to participate in global affairs and confines itself and its people from taking part in any type of involvement with any other country....   [tags: Globalization vs Localization]

Better Essays
1161 words (3.3 pages)

Essay about Costs and Benefits of Globalization and Localization

- "The Complexities and Contradictions of Globalization," by James N. Rosenau, describes two issues that have plagued modern international policy and relations - globalization and localization. Discussion of these issues bring forth questions of whether or not countries should open up domestic policy to international influence, and whether or not they should maintain domestic practices at the risk of hindering possible development. Debates over the costs and benefits of globalization and localization are continuous and manifold, and I outline the basic arguments in this paper....   [tags: Globalization vs Localization Essays]

Better Essays
1445 words (4.1 pages)

Essay about Costs and Benefits of Globalization and Localization

- When people realized that the earth was round, their curiosity peeked. Explorers set out to discover what exactly was in place. They returned to their homelands with new ideas, new products, and an increased knowledge about a world that appeared to increase in size. While today, we realize that the earth, did not in fact become larger; people just became aware of what was out there. Today the world still appears to "grow"; yet, there is a debate as to whether or not this is beneficial. In the times of Christopher Columbus, the expansion of the globe was referred to as exploration....   [tags: Globalization vs Localization]

Better Essays
1726 words (4.9 pages)

Essay about Costs and Benefits of Globalization and Localization

- The debate over globalization and localization has long been fought as whether or not to pursue an international or isolationist foreign policy. Essentially, the term globalization means an integrationist approach to policy, whereas localization refers to a fragmentational approach to foreign policy. There are many issues in this debate, but none as complex and important as that of the costs and benefits of the economy. Other issues consequential to the topic are the political and social implications to these policies....   [tags: Globalization vs Localization]

Better Essays
1314 words (3.8 pages)

The Benefits of Globalization Essay

- The socially polarizing movement of globalization can be viewed as a way of the future, but also as the source of current global discontent. However, globalization is not just a recent idea. In the 11th century of the Venetian Republic prosperity was based on regional trade. Then, many centuries later during the second half of the 19th century, a boost to globalization occurred with the harnessing of electricity and the establishment of railways (Kohler.) Although there is also a negative side to the subject, benefits include better health care, less restricted international trade, and the spread of job availability....   [tags: Globalisation Essays]

Better Essays
900 words (2.6 pages)

Essay about Costs and Benefits of Globalization and Localization

- Self-destruction, traditional conservatism, prosperity, and poverty are all key words which describe the world in which we currently live in. The combination of these words and the fall of communism in 1989 may be the reason for new developments and the emergence of globalization and localization. Globalization and localization could possibly be the result of the growth in internationalism in marketing and production. Perhaps it is the combination of all of these and many other factors. No one factor could possibly encourage such developments as globalization and localization, developments which affect the world in its entirety....   [tags: Globalization vs Localization]

Better Essays
1958 words (5.6 pages)

How Globalization Saved Peru Essay

- Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru....   [tags: Benefits of Globalization]

Free Essays
1730 words (4.9 pages)

The Benefits of Globalization Essay

- Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative....   [tags: Outsourcing, Offshoring, Free Trade]

Better Essays
512 words (1.5 pages)