Positive Effects of Globalization
Communication Technology and Globalization
Globalization has been credited with bringing an increased transparency in the world and communication technology has played a major role in this. Governments can now exchange data, research, analysis, and reports with each other on a real-time basis and this has led to increased cooperation between nations.
One of the symbolic manifestations of globalization is the presence of multi-national brands across the globe. Companies like Coca-Cola, McDonalds, Nike etc. are present in a number of countries and to conduct their business smoothly and effectively, they rely on communication technology to a large extent.
The latest innovations in web-conferencing have made it possible for businessmen to interact with each other in a better way. The developments that we have seen in the business sector would have never been possible without the presence of an effective communication system. One of the prime examples is the surge in outsourcing that we have seen over the last decade of so. Most US companies have saved around 30% to 50% of their costs by taking their back-office, billing
Globalization: Pros and Cons
The term 'globalization' is profoundly contentious. Where there are some highly appreciated advantages of this ideology of integrating cultures, the world has witnessed some enormously threatening effects of the same too. Its pros and cons simultaneously support and contradict its impact on the world economy. While the ones advocating globalization believe that it is because of this trend that poor economies have regained their hopes and faiths of developing financially, thus, raising their standards of living, the ones contradicting it believe that globalization is the only reason behind elite and high-profile multinational companies trashing local cultures and beliefs, domestic small-scale businesses, and commoners, in the rush to attain an international status. This instigates us to put forth numerous questions like
Globalization has been credited with bringing an increased transparency in the world and communication technology has played a major role in this. Governments can now exchange data, research, analysis, and reports with each other on a real-time basis and this has led to increased cooperation between nations.
One of the symbolic manifestations of globalization is the presence of multi-national brands across the globe. Companies like Coca-Cola, McDonalds, Nike etc. are present in a number of countries and to conduct their business smoothly and effectively, they rely on communication technology to a large extent.
The latest innovations in web-conferencing have made it possible for businessmen to interact with each other in a better way. The developments that we have seen in the business sector would have never been possible without the presence of an effective communication system. One of the prime examples is the surge in outsourcing that we have seen over the last decade of so. Most US companies have saved around 30% to 50% of their costs by taking their back-office, billing
Globalization: Pros and Cons
The term 'globalization' is profoundly contentious. Where there are some highly appreciated advantages of this ideology of integrating cultures, the world has witnessed some enormously threatening effects of the same too. Its pros and cons simultaneously support and contradict its impact on the world economy. While the ones advocating globalization believe that it is because of this trend that poor economies have regained their hopes and faiths of developing financially, thus, raising their standards of living, the ones contradicting it believe that globalization is the only reason behind elite and high-profile multinational companies trashing local cultures and beliefs, domestic small-scale businesses, and commoners, in the rush to attain an international status. This instigates us to put forth numerous questions like