Globalisation has long affected people’s life. Jeffery (2002) believes that the word “globalisation” has been known since the 1960s. Despite all the conveniences which globalisation brings to people’s life, it is also a fact that many people fear globalisation. They fear it because it evokes threats and they would feel safer by being closed into their own local world. Globalisation has its own negative and positive effects on the world today. It has opened the free markets which enable trades between countries, and therefore increases the living standards in these particular countries. However, there are still some developing countries that have fallen behind and have not kept up with the pace of change of development. Therefore, this essay will discuss the positive and negative effects of globalisation in two key areas: economy and culture in the world today.
The term 'globalisation' gives rise to a lot of different meanings and interpretations. It may simply mean connectedness between countries, and that includes economic, technological, cultural, environmental and political processes. According to Jeffery (2002), people nowadays do not only see globalisation as a way of doing business, but also a process which in the future, the world will run by itself.
There are two positive aspects of globalisation in the economy area. On top of its positive aspects comes the tremendous development of the way countries do their business today. The free market created by globalisation makes it possible for some countries to increase their standard of living and offers a chance for people to succeed economically by learning from other more developed countries. The second positive aspect of globalisation is the competition between countries. The second positive aspect of globalisation is the increased competition between countries. Global competition arguably encourages creativity and...