Preview

GLOBALIZATION ADVANTAGES AND DISADVANTAGES Globalization can

Satisfactory Essays
Open Document
Open Document
1044 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
GLOBALIZATION ADVANTAGES AND DISADVANTAGES Globalization can
GLOBALIZATION. ADVANTAGES AND DISADVANTAGES.
Globalization can be described as a process by which the people of the world are unified into a single society and function together. This process is a combination of economic, technological, sociocultural and political forces. It's a movement of people, goods, capital and ideas due to increased economic integration. Globalization is a controversial issue mainly because different groups interpret it in different ways. For its opponents globalization is a threatening word. It prompts visions of large multinationals dominating the world in pursuit of ever-higher profits. Many pressure groups fear that globalization threatens the environment as well as national cultures - they predict that it will make the rich nations richer and the developing countries even poorer than they are. But its supporters have another point of view. They believe that increasing and freer trade between nations will offer prosperity and economic growth for all countries and businesses.
I would like to tell you about advantages of this process at first. The advantages of globalization are numerous. First of all, now, it is possible to have truly global communication. Someone in Africa can talk to someone in Canada in real time. Or, someone in the United States can email a friend in India and have it arrive in their mailbox in less than one minute. The transmission of information over the internet is making people who live in underdeveloped countries aware of what is possible. The advantages of globalization mean that news is transmitted around the world as it happens. It is a lot harder to keep people in the dark about events in the rest of the world.
More than that , globalization makes travel easier whether in very populated or very rural areas. Food and medical supplies can now quickly reach locations that need them. Countries get together to play in international competitions, such as the Olympics or for other world titles, such as in soccer,

You May Also Find These Documents Helpful

  • Good Essays

    If you look at globalization and no matter what opinion you have on it, it has brought the world to how it is known today. In some countries the benefits have been dramatically diverse, it lead to wealth, increased health and higher security. It increased the standard of living in more developed countries. In some however inferior benefits were provided by globalization, this was generally the case in less developed countries. For less advanced countries it does not always have to be inefficient, it can also provide opportunities to increase the countries economic, political and cultural development. Economics has been the driving force for globalization, such as trade agreements between countries or the introduction of free trade and the lowering of transportation and communication costs. Whether a country is for or against globalization one of its main interests is going to be economic growth and development in order to be able to provide a higher standard of living to its population. Without the movement to a more efficient economy a high standard of living cannot be provided. Main economies such as the ones of the United States of America or East Asia and…

    • 1907 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    To sum it up, I want to say that ,of course , globalization has its advantages, but they are very controversial. And their number, unfortunately, is less than the number of the disadvantages.…

    • 191 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise). Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies that are connected to it. In this way, reverberations of success are felt across the world, even when they are most profound in one area. Needless to say, this is a very good thing. This is partially a result of what I just mentioned, but wealth equality around the world goes much deeper than that. Perhaps a better phrase than wealth equality is “standard of living.” Globalization does several things that are undeniable at the end of the day. First and foremost for one it creates jobs, which is a priority to the economic success of any market(2, Premise). Along with job creation it improves infrastructure while it also allows more people to live at a higher global level every day. Mainly regular access to medicine, clean water, food production, housing, etc., things we take for granted here in the United States. Many if not most third world countries do not share these same day to day things we categorize as necessities. Things they would refer to as luxuries. Globalization results in partnerships between countries and organizations, which in turn could help bring these countries along in many of these areas. This also makes relations much more stable between both. Agreements are much more frequently found by partners of vast…

    • 801 Words
    • 3 Pages
    Good 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
  • Good Essays

    Firstly, globalization has brought about great leap forward in the economy. The world becomes interconnected and a global market is opened, also spurring competition at the same time. This is a great opportunity for companies to expand and countries to develop their economy. Globalization also raises the productivity and living standards of people in countries and let countries have more business, for example, when a country hosts an overseas company, likely, the company will need to employ quite a number of locals as their worker or labors as it is much cheaper. Therefore the hosting countries can provide more jobs for its citizens. As most people got their own jobs, they have income every month; their living standard will be improved. Corporations also start to change their focus from the local…

    • 1462 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    With every business or establishment there are advantages and disadvantages about globalization but with the mast majority major companies outsourcing and profiting from it, one cold only see the advantages in it. Globalization in many ways is great for companies; however that does not mean that is is a great fit for the economy. Outsourcing jobs overseas takes away from the quality of service of the product, takes away American jobs, and most importantly takes away money from the economy.…

    • 677 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Globalisation of Nike

    • 1454 Words
    • 5 Pages

    Advantages of Globalisation include:1.Increased free trade between nations2.Increased liquidity of capital allowing investors in developed nations to invest in developing nations3.Corporations have greater flexibility to operate across borders4.Global mass media ties the world together5.Increased flow of communications allows vital information to be shared between individuals and corporations around the world6.Greater ease and speed of transportation for goods and people7.Reduction of cultural barriers increases the global village effect8.Spread of democratic ideals to developed nations9.Greater interdependence of nation-states10.Reduction of likelihood of war between developed nations11.Increases in environmental protection in developed nationsDisadvantages of Globalisation…

    • 1454 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Globalization is the recent push toward a connection between all the countries of the world eventually creating ‘one global economy’. It is the elimination of national borders for business interaction. Globalization introduces companies to other markets around the world other than their own. It does not only come from an economic standpoint It has also allowed for awareness of the different cultures and lifestyles of people around the globe. Technological innovation has been a major force driving globalization along with trade agreements between countries. Technology has allowed for companies situated in the US can meet with the board of directors from all ten countries they are present in through video conferencing or contact them through the use of email. Innovations in travel have allowed for efficient and dependable transportation of goods such as raw materials between countries.…

    • 565 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Expressive Essay

    • 1016 Words
    • 5 Pages

    Globalization is an interaction between different economies, societies and cultures through a worldwide network of trade, communication and transportation. Globalization has both advantages and disadvantages on every economy that exists in this world. Globalization affects every country in a very serious manner. According to studies globalization has more advantages over its disadvantages. Globalization leads to exchange of technology between different countries, exchange of weapons for defense, it reduces the fear of war between developed nations, it leads to free trade between countries, it reduces cultural barrier and helps to increase global village effect. These examples are just a part of the story and there are many more advantageous of globalization over its disadvantages. Globalization is a controversial topic since last two decades; many people believe that globalization has many disadvantages like outsourcing of jobs to other nations, losing cultural identity and exploitation of workers rights. Following is the list of advantageous of globalization and its disadvantages. However, list of advantages of globalization is way longer than its disadvantageous that leaves us to decide that is globalization a boom or a threat?…

    • 1016 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Technology is the main reason of why we are noticing globalization. Without technological developments in transportation and communication our world would be much more different and less connected. With the developments in transportation people can travel to places connect with people and create relationships whether it is business or personal. Since travelling was made easier, faster, safer, and more efficient, trading with other countries became possible. The development of the means of communication linked one side of the planet to the other. With communication being a press of a button away news and information can be received within moments of an event happening. All of this is what made globalization more noticeable. Even with all the new communications opened and new opportunities available globalization still is a highly debated topic that…

    • 385 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The good side of globalization is that it promotes open markets which allows businesses to communicate effectively and efficiently between partners; manufacturers, suppliers and customers. It enables local producers to venture into other markets, increasing in profits. It gives opportunities for countries to work with other countries; businesses can expand around the world reaching out to more customers that in return generates more profit. Customers also benefit from this because they will have more options to choose from.…

    • 973 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Globalization can be highly beneficial for all people by bestowing great fortunes on us by increased trade, spreading of cultures and information and creating choice. Globalization does however have the potential to be so much more. Globalization can perform at a peak if all countries could be involved and not just the majority.…

    • 1781 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Firstly, Improvements in technology has made communications among people in different locations faster and more convenient. People across the globe can communicate with tools such as telephone, electronic mail, fax and video conferencing. Satellite technology has enabled messages to be transmitted from one location and received in another part of the world almost simultaneously. Similarly, optical fiber systems have very large carrying capacity and transmit information at very high speed. The Internet has greatly transformed the way one communicates, conducts business, obtain information and purchases goods and services. It has enabled consumers to gather information on new products and places. Hence, it is a significant driving force of globalization.…

    • 849 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The very beginning of the globalization could be pursuing back to early 14 century, when Columbus took his first voyage. After that, as the development of the sea travel, people in different continent become connected, and they often bring goods or commodity from the country of their origin to the destination country for exchange or living purposes, therefore, their behaviours made the goods and commodity which from different part of the world become available for people living in another country, such as: Plant, meat, vegetable, material and etc, all been exchanged through globalization process.…

    • 1676 Words
    • 7 Pages
    Good Essays
  • Good Essays

    There are many views on whether or not globalization is good or bad. In my essay I will not give a definitive answer. The reason being is there is no one correct answer. What may be good for one country may not be good for another. Globalization faces the problem that it may be a blessing for one company or country, and a nightmare for another.…

    • 695 Words
    • 3 Pages
    Good Essays