Globalized World

Topics: Globalization, International trade, The World Is Flat Pages: 2 (503 words) Published: March 19, 2012
“The modern Company has spread its brains – its center of excellence. It really is a citizen of many countries rather than a citizen of one”. Do you agree with the statement? I agree with the above statement. The above statement truly talks about the globalization and being in the globalized world. Globalization refers to the increasing unification of the world's economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade. Talking about the positive and negative side of globalization, it continues to be divisive subject among political activists, academics, business leaders, and policymakers. Some look at the rapid economic and political changes taking place around the world and see injustice. Others observe these same changes and see progress. On both sides of the debate, however, much of the discussion takes place among elites. What do average citizens around the world think about the powerful global forces transforming their societies? Survey research suggests that most people embrace the idea of a globalized world, even if cautiously. Globalization had also increased the competition among different companies in different countries. People are striving to make their countries better and richer. With globalization, there are chances that the developed countries will take over the developing and underdeveloped countries. It is better to take up measures to meet the needs of everyone in order to live peaceful and comfortable life. Some people are finding it difficult to cop up with globalization. With the proper use of modern technology, communication can be made easier and...
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