Preview

Going Global: Myth or Reality?

Good Essays
Open Document
Open Document
961 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Going Global: Myth or Reality?
Going global. Is it a myth or reality?
The question of whether the globalization is a myth or reality is easily answered to my mind: it is definitely a reality. But to what extend can we call it a reality? In my presentation I’ll disclose the term of globalization, cover the spheres in which globalization can be applied and dwell on the advantages and disadvantages of it. Finally I’ll come to the conclusion that globalization is an inevitable and developing phenomenon which requires citizens of all countries to find the right balance between benefits and costs associated with globalization.

Before going deep into this phenomenon I’ll provide you with the definition of globalization.
The definition that has attracted widespread consensus treats it as “the integration of economies, societies and cultures of varied worlds through the process of technology, politics and trade.”

Some researches say that globalization falls into three distinct spheres: the governance sphere, the economic sphere and finally the cultural sphere. Thus globalization touches upon many spheres of life. The fact is that all of us are affected by globalization in one way or the other. Goods and brands, money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely. The examples are countless and are enough proof of the fact that globalization exists. However, to fully understand the concept of globalization and to define whether it is good or bad for a country, we must know its pros and cons.

Good sides of globalization
1. Globalization lets countries do what they can do best. If, for example, you buy cheap steel from another country you don’t have to make your own steel. You can focus on computers or other things.
2. Globalization gives you a larger market. You can sell more goods and make more money. You can create more jobs.
3. It provides wider choices. Globalization is responsible for the

You May Also Find These Documents Helpful

  • Best Essays

    Globalization has invoked extensive debate over its impact and credibility, giving rise to a number of perspectives. Indeed increased globalization has prompted remarkable economic growth around the world. It has led to job opportunities in making the products that are exchanged with different countries. This has produced specialization and comparative advantage. The power of foreign competition has encouraged domestic industries to innovate and it has allowed resources to flow to their highest use as well. Further, globalization is the process that increased the link and interdependence of the world markets and businesses. It is a route of interaction and integration of the people, companies, and governments of different nations, a process motivated by international trade and investment and aided by information technology. The volume of world trade has increased due to globalization. Consequently, more jobs are being available to people and consumers all over the world are enjoying a wider selection of products made from different countries.…

    • 2635 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    Globalization contributes to sustainable prosperity for all. By sharing knowledge of technologies and cures we can all achieve a higher standard of living. It increases competition which helps bring down prices letting people get above the poverty line. Globalization is crucial to prosperity for everyone.and share knowledge of cures for different sicknesses that may have been discovered. Globalization also affects competition for goods and services, by increasing the supply, the price of these goods is driven down. This is why globalization benefits the world.…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Globalisation and Coke

    • 3306 Words
    • 14 Pages

    Globalization has been described as the rapid increase in cross-border economic, social, technological exchange under conditions of capitalism, which also, influences all spheres of our life: culture, business, trade, politics, environment and even our mentality. It connects different countries and makes their interaction easier.…

    • 3306 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    We agree to a large extent to the statement, "The benefits of globalization outweigh its cost." Even though there are some disadvantages in the process of globalization, but the benefits that the world receive far outweighs the costs of it. We have to look at the bigger picture to see that globalization has accelerated the advancement of the world and brought us lots of advantages, and its role will continue to be important in the future evolution of the world. We will examine this in four aspects, economically, environmentally, socially and politically.…

    • 1462 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Globalization can be described as a process by which national and regional economies, societies and cultures have become integrated through the global network of trade, communication, immigration and transportation. It is therefore the growth of interdependence between national economies and has resulted in a trend towards global markets, global production and global competition. To explain globalization various theories and models have been put forward which will be discussed in-depth in this piece of work.…

    • 2467 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Globalization has with it many challenges and economic benefits too. For many economists, globalization can cause serious troubles in the whole world, such as inequality is accentuated, environmental degradation, and dominance of rich countries etc. But at the same time proponents of globalization are of the view that globalization leads to the rapid growth of knowledge and innovation and improved living standards.…

    • 1688 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    globalization of health care

    • 3328 Words
    • 12 Pages

    The world, as you know it, has changed as a result of globalization. Local or nationalistic perspectives is transforming to broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. To be more specific, due to the development of transportation and telecommunication that the globalization plays an important role of life is irreversible. It presents in plenty of aspects of life, namely trade, culture, tourism, sports, medical treatment,……

    • 3328 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Advantaged of globalization: increase more opportunity for developing countries, reduce the gap between developed and developing countries. (Asian countries versus Western countries…

    • 308 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.…

    • 720 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Winner of Globalization

    • 1064 Words
    • 5 Pages

    Globalization has become a widely used word to describe the trend of free flow of capital, technology, information and service; it is not just an economic phenomenon. It also has political, social and cultural dimensions. Even in its economic dimension, there are major differences depending on the scale (e.g. macroeconomic or microeconomic) and the viewpoint. When concerning the question of who are the winners or losers, the answer is not conclusive. This essay will firstly give reader the definition of the globalization, and then argue the winner and loser by analysing the impact of globalization on different counties.…

    • 1064 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Globalization may be defined as a concept refers to the intensification of consciousness of the world as a whole. Majority of people are for the trend of globalization for it undoubtedly brings benefit to human. However some people argue that globalization also has disadvantages to the whole world. This essay aims to discuss the positive and negative effects of globalization in different areas: economic, cultural, political, and social systems.…

    • 529 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ECON401 Assign1

    • 665 Words
    • 3 Pages

    There are many advantages of globalization. From a broad perspective, globalization creates economic activity (which stimulates economic growth), creates jobs, raises income levels and provides consumers with more choices in regard to the products and services that are available to them. From the eyes of an individual firm, globalization has the potential to increase revenues (through expanded market potential), drive down costs (through additional economies of scale) and boost profits.…

    • 665 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Globalization is one of the most vibrant, contested, and debated issues in modern international relations. Some argue that globalization brings great benefits, while others argue that globalization is fundamentally flawed. Countries in the world today are largely interconnected, whether through trade relations, cultural exchanges, multinational cooperation on world issues like the environment and natural resources. The term “globalization” is a process of worldwide movement towards economic, financial, trade and communications integration, where the world becomes more interlinked and connected. Whether the concerns over globalization is justified or not, questions if the worries of globalization is supported by logical and substantial reasons. As much as globalization has its pros sand cons, I feel that the concerns over globalization are valid. The reason being that globalization results in culture leveling, ethnocentrism, economic disparity, technological disparity, environmental degradation and lastly, unemployment and labor drain…

    • 1717 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    In this essay, I will briefly talk about what is globalization and its effects to different areas at the beginning. Furthermore, the advantages and disadvantages will be presented to show how these factors influence the developed and developing country respectively. Last part is the conclusion as well as some personal comments.…

    • 1004 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Globalization has been underway since the dawn of history. “It is now characterized by shrinking space and time and by vanishing borders. Globalizing processes are dismantling obstacles to movement. As a result, there has been an increasing flow of people, goods, services, ideas, technologies and information across international borders. In simple terms, globalization is defined as a ‘process that widens the extent and form of cross-border transactions among peoples, assets, goods and services and that deepens the economic interdependence between and among globalizing entities, which may be private or public institutions or governments” (Lubbers 2000). Globalization is a basically connecting different country together as a global village.…

    • 1104 Words
    • 5 Pages
    Better Essays