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Effects and benefits of globalization
Benefits and pitfalls of globalization
What is the importance of globalization
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Globalization and localization are two conflicting trends in international politics today. Globalization is the spread of peoples, activities, norms, ideas, goods, services, and currencies from one area of the world to another. (Rosenau 15) Localization is the narrowing of horizons and the confinement of peoples, activities, norms, ideas, goods, services, and currencies to a particular geographic area. (Rosenau 16) Globalization and localization affect the world’s countries in three main areas, politics, economics, and culture. Both globalization and localization have many benefits, as well as many costs.
Globalization is a predominant force in the world today. The development of the Internet and other far-reaching communication media has lead to the increased interaction of the countries of the world. There are many benefits of global integration. With globalization comes increased trade, and the expansion of production and investments beyond their prior locales. Globalizing dynamics underlie all developments of international organizations and political movements. Globalization also extends ideas, social norms, and practices beyond the settings in which they originated. (Rosenau 17)
Even though there are many benefits of globalization, countries and their citizens also give up some things. Often local culture loses out to foreign influence. For example, the increased popularity of American fast food restaurants in France has lead to the reduction of the number of cafés, less than 175,000 today compared with 500,000 in 1920. Many countries are afraid that with the benefits of increased trade of goods and ideas, traditional customs and ways of thinking will be replaced with foreign customs and ideas. Another negative effect ...
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...ay that they are changing, only now a worldwide culture is developing. I think that globalization is a relatively new system of world economics and politics, and like any new system there are problems, such as the inability to prevent and stop economic crises, that will eventually be solved. I think that the things gained through localization are of secondary importance because very few people benefit from localization while all people in the world benefit from globalization.
Works Cited
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Crossette, Barbara. "France Detects Iraqi Nerve Gas, Experts Assert.
Traces on Warheads—Delay of Report Seen." New York Times
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Rosenau, James N. "The Complexities and Contradictions of
Globalization." Annual Editions World Politics 98/99.
Globalization is not a new concept, but has a history that stretches thousands of years, starting from the second half of the 20th century when trade wall was pulled down, and eventually developing into the global interconnected societies of today. Generally, according to Globalization101.org, globalization is a process of interaction and integration among the people, companies, and governments of different nations. With the rapid development of globalization, it’s common to see that people everywhere are drinking Starbucks, eating McDonald’s, and watching Hollywood movies. Globalization, in brief, makes the whole world a small village. Although some people argue that globalization contributes to cultural diversity, there are three reasons why a global monoculture is a more widespread consequence of globalization.
This is because of modern technology that has been able to spread through markets in order to instill capitalism and western values on a global scale. This effect will therefore supposedly continue to put an end to local traditions and national cultures in order to create one homogeneous society. This is not necessarily true as globalization has been able to link the local and national with global thus far. Through cultural imperialism, certain cultures have chosen to resist the western values and lifestyle that globalization has made readily available in many places. Globalization has numerous definitions due to the difficulty in simply describing its effects.
Globalisation refers to the changes in the way nations, regions, organisations, groups and individuals interact across national borders (Rondinelli and Behrman, 2000). It is an ongoing process that gradually eliminates national and regional preferences and ultimately turns the world into a single market place (Levitt, 1983) through international trade in goods and services, cross-border flows of capital and exchange of technology (Nunnenkamp et al, 1994)
The ultimate goal that globalization hopes to attain is to create a world without borders (West). Reaching such goal will put both the rich countries and the LEDC’s (Less Economically Developed Countries) on a common ground, which allows for various positive interactions to take place. This controversial issue has two sides to it. Some people argue that globalization can damage traditions, cultures, and even countries; while others think that the benefits that it has brought and will continue to bring balance out the negative outcomes. Although it is true that it is a rather long-standing concept, it is certa...
People should worry first about the political, economic, and social conditions they are living in before those of the world’s. I assume they should care more about improving the location around them, before wanting to unite the entire world. Although I feel localization is more associated with an individual, I do not at all think globalization should be discontinued. Globalization and localization are two forces coexisting, and if both can simultaneously occur, then why enforce one over the other when both can achieve better realm conditions. BIBLIOGRAPHY Lubbers, R.F.M., The Globalization of Economy and Society, www.globalize.org.
Globalization is necessary in the world. Different theories on the concept of globalization provide distinct reasons on the need for globalization. The world’s advancements and technology help drive the need for globalization. Communities and organizations alike are affected by globalization, and smaller countries benefit from the generosity of larger participants in the world’s market.
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 in 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. This means that this country does not participate in any economic, political or cultural issues with outsiders.
Globalization describes the increased movement of people’s knowledge, ideas, and money across national borders that have led to increased interconnectedness between the world 's populations, economically, politically, socially and culturally. Sometimes globalization is thought of as the global marketplace, and this process has social and political implications as well. Globalization is thought of throughout the world as making societies educated and wealthier through trade to people around the world. Some people see globalization as a factor in the exploitation of the poor and as a threat to traditional cultures by the wealthy, as modernization changes societies. Location, rather than resources, has pushed places to the center
Globalization promotes world culture over a conventional domestic one. Many critics object to this because although it encourages business enhancement, it might have other negative
Eight years ago, my parents surprise my sister and I with a family cruise to Europe. The itinerary of the cruise was Greece and Egypt. I remember being surprised to see that Egypt had a McDonalds, Kentucky Fried Chicken and many of other American goods. What I did not realize is the reason behind this contributed to globalization. Globalization has been referred to as the “Increasing unification of the world’s economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas” (Wentz). Globalization has made an opportunity for countries to come together as one for one important goal, which is to improve the global economy. Globalization allows countries that may not have anything in common to
The opening of world markets and the virtually unbound circulation of goods, information and resources have presented a double edged sword. Stevens (2007), defines globalization as, "a process of worldwide integration through the movement of goods and capital, expansion of democratic institutions and human rights, access to information, and migration of people (p. 1). The impact of globalization is visible in political, social and economic systems the world over. The rapidly changing landscape of the world, promulgated by political and commercial interests contributed to the multitude of factors that perpetrated financial, political and social degradation in many parts of the world. As a result, conflict, exploitation of the natural resources,
The term globalization is one that is an exceptionally wide-ranging term and it is used to explain a wide variety of definitions. Many people link the term globalization with the how the world is connected on an international and a local scale. One example of this is how Inda and Rosaldo illustrate globalization as being in “a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange” (Inda and Rosaldo 4). On the other hand, they also imply that although movement and connections are prime components of globalization, disconnection and exclusion also form globalization (Inda and Rosaldo 30). Global flows of economic and social structures are not fluid and constant; they have the power to exclude and immobilize as well as enhance movement and include certain beings. In the 60s, the term `global village' was used by Ma...
Globalization is a driving force that accumulates all countries under a common network of economic and trading system. It can be referred as a set of social processes that transform a country’s individualistic identity to a global entity. Globalization refers to the interdependency among the countries in a way that incidents of foreign countries can have a footprint on local incidents or vice versa. Globalization widens the communication among countries, enlarge the market and countries undertake economical activities beyond their physical boundaries. In whatever way the term globalization is conceived, Steger(2003:12) stated that, globalization has four distinct characteristics. First, globalization creates new and multiply existing social network. Second, it expands social relation, activities and interdependencies. Third, it amplifies and accelerates the exchange of information, materials and activities. Fourth, it transforms people’s consciousness to global
Globalization has become a big topic in today’s world with huge impacts, in social, economic, political and cultural aspects. Globalization, different people have a different notion about the term, according to the different place and situations. People have their own definition of globalization, according to their interest and perspective. I believe that globalization comes with a lot of economic advantages and opportunities, it creates an opportunity for developing countries such as Lapen, to be financially stable. It creates an open door to the market and eventually escalates the interaction and communication between and across the economic hierarchy. The economically developed or more developed countries (MDCs) might not interact much with those countries that are not as developed if it was not for globalization.
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