Impact of Globalization on Women

Topics: Globalization, International trade, World Bank Pages: 2 (522 words) Published: March 19, 2011

Globalization is the system of interaction among the countries of the world in order to develop the global economy. It is an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and execution. Globality is assessed by four factors. They are globalization of capital, globalization of markets, globalization of supply chain, and globalization of corporate mindset. Global business is facilitated by a number of factors. The more prominent among them are vast markets of developing countries, greater scope of earning in international business and formation of trading blocks. Globalization has ripple effects as reflected through its impact on women, wages, child labor and managerial practices. There are two impact of globalization- negative and positive. Negative combination is the breaking down of trade barriers or protective barriers such as tariffs and quotas. With positive integration, these countries will work on having similar or identical policies on tariffs. According to economists, there are a lot of global events connected with globalization and integration, which have brought a drastic change in the world. They are Expansion of International Trade, Technological Progress, Increasing Influence of MNCs, Power of the WTO, IMF, and WB, Greater Mobility of Human Resources across Countries, Greater Outsourcing of Business Processes to Other Countries, Civil Society etc. Civil society often refers to NGOs. There are NGOs that support women's rights. The most striking thing about women all over the world is the high degree of discrimination meted against them. Some statistics are worth collecting in support of this statement. Out of the 1.3 billion poor people in the world, 70 percent are women, the majority of whom are illiterate with no access to basic facilities like safe drinking water. Two third of the 130 million children worldwide who...
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