Globalization - Exploratory Essay

Topics: Globalization, Developed country, World Bank Pages: 4 (1215 words) Published: May 16, 2013
The term 'globalisation' has been subjected to a variety of interpretations. Though it may simply mean global interconnectedness, it includes a number of interlinked and complex economic, technological, cultural, environmental and political processes. As a student of Law in A‘levels the idea of how the future will be linked to technology and what pro’s and con’s does it hold for us caught my attention. In the beginning, it was my notion that the advancement in the technology is a result of globalisation. Globalisation was in essence about integration. If defined in terms of integration of societies, globalisation has been around for a very long time and if defined in terms of integration of nation states, it has been around as long as nation states have been around. Globalisation is not only physical involving the movement of goods, services and people but it also virtual, involving transfer of ideas. If transfer of ideas is included in globalisation, then after the development of internet and the fibre optic in 1990s, globalisation has taken place at an exponential rate. What has globalisation done for the world:

There has been dramatic change, economic, political and ideological, with globalisation and looking at financial, labour, trade and aid flows, on average it has done immense good. The change has nonetheless been different for different societies. The evidence for the benefits of globalisation is overwhelming.  Many countries have escaped poverty and life expectancy has increased in several countries. Looking at any indicator of development shows that globalisation has been beneficial. Some indicators have deteriorated due to the negative externalities but this extraordinary period of globalisation has brought connectivity which helps us to understand the problems and can help us to manage them. The concern with globalisation is to do with the fact that not everyone feels that they are benefiting from it. Some of the problems globalisation brings are...
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