Improved transport system , particularly airways and seaways, have to be credited for massive globalization. Movement between countries has become a matter of few hours. The increased clarity over international laws have promoted businesses to go beyond national limits. The telecommunication infrastructure and internet has made the world even smaller. The recent technological inventions has brought down the cost of voice conferencing.
International webinars are held now and then. Due to deep penetration of Internet, even small eCommerce companies are making cross-border transactions. An increased sense of humanity , and the brotherly feeling towards global community, has inspired organization to serve people around the world. Movement of people to foreign countries a for education in international universities, and b for looking for better job opportunities.
For example, Indian people form the largest diaspora in the world. In the present age of globalization, the economy of countries are inter-dependent. If the economy of one country fall in danger, other countries also feel the pain. Businesses are engaged in international transactions. Export-import among countries involves a massive amount of money.
For example, China has become a massive manufacturing hub. The electronic goods manufactured in China are sold across almost every country of the world. Multinational-companies have economic interest across several nations. They have big market and make huge investment in foreign countries.
A decline in demand in one country affects the overall performance of these companies. Due to Globalization, there has been an increase in cross-border Merger and acquisitions. India has emerged as a major player of service and Information Technology IT industry. Many BPO services are provided from remote places. Globalization is making various huge changes in the world where people are moving away from their self-contained countries to the more integrated world.
In order to globalize a business, a company need to bring change in a business strategy made for a single country to the special one having ability to operate in multiple countries. Globalization impacts a business and a company in various ways. Globalization impact on businesses in the worldwide market can be described under two broad categories of market globalization and production globalization. Market globalization is the reduction in selling barriers of products or services to other countries other than its home country.
It is very necessary for a company to make success easier by effectively globalizing selling products to the international market. Production globalization is the set up of plant in many countries to produce products locally on low labour cost and earn more profit than its home country. Globalization is the spreading of anything worldwide. However, generally it is the process of globalizing products, businesses, technologies, philosophies, etc all through the world.
It is the creation of a successful interconnected marketplace without any limitation of time zone and national boundaries. The most common and clear example of globalization is the spread of McDonalds restaurants all around the world.
It became so successful in the worldwide markets because of its effective strategy adapting the culture of different countries in their menus to suit local tastes of people. We can say it as internationalization which is a great combination of both, the globalization and the localization.
It is very hard to decide whether the revolution of global marketplace is beneficial or harmful to the humanity. It is still a big confusion. However, it is also tough to ignore that globalization has created greater opportunities to people worldwide. It has changed status and way of living of people in the society to a great extent. It is hugely benefiting the developing nations by providing various developmental opportunities. If we take it positively, it may eradicate the regional diversity and establish a homogenized world culture.
It is supported by the information technology and show huge interaction and integration among businesses, companies, government and people of various countries. Globalization has positively and negatively affected the tradition, culture, political system, economic development, lifestyle, prosperity, etc.
In the last few decades globalization has been very fast which has resulted in the worldwide economical, social, political and cultural integration through the advancement in the technologies, telecommunication, transportation, etc.
It has affected human lives in both positive and negative manner; its negative effects are needed to be addressed accordingly. Globalization has contributed a lot to the worldwide economies in various positive ways. Unbelievable advancement in the science and technologies has given amazing opportunity to the businesses to easily spread across the territorial boundaries.
Just because of the globalization, there has been huge economical growth of the companies. They have been more productive and thus given rise a more competitive world. There is a competition in the quality of products, services, etc. Successful companies of the developed countries are establishing their foreign branches to take advantage locally through the low cost man labor than their home countries.
Such type of business activities are giving employment to the people of developing or poor countries thus giving way to go ahead. Together with the positive aspects of the globalization, negative aspects are not forgettable. There has been risk of epidemic diseases by means of transportation from one country to another. There has been proper control of the government of all countries on the globalization in order to reduce its negative impacts on the human lives. Globalization is a process of worldwide spread of science, technologies, businesses, etc through the means of transportation, communication, and trade.
Globalization has affected almost all the countries worldwide in various ways such as socially, economically, politically, and psychologically too. Globalization is a term indicating fast and continues integration and interdependence of countries in the field of business and technologies. The effects of globalization have been seen on the tradition, environment, culture, security, lifestyle, and ideas.
There are many factors affecting and accelerating globalization trends worldwide. The reason of acceleration in the globalization is because of the people demands, free-trade activities, worldwide acceptance of markets, emerging new technologies, new researches in the science, etc. Globalization has huge negative impacts on the environment and given rise to various environmental issues like water pollution, deforestation, air pollution, soil pollution, contamination of water resources, climate change, biodiversity loss, etc.
All the ever growing environmental issues need to be solved on urgent basis by international efforts otherwise they may finish the existence of life on the earth a day in future.
The pro-globalization critics argue that the benefits that globalization brings to developing nations surpasses or outcasts the negative impacts caused by globalization and may even go a step further to state that it is the only source of hope for developing nations to prosper and stand.
Globalization is a process and this process makes developments in these countries. First of all is the independence of each of developing countries. The development in industry, economy, culture and polity gives solutions to social problems.
Over the last century, efforts have been put to bring varioust countries together. Read the whole globalization essay sample and buy similar papers. Impacts. Contents: Essay on the Meaning of Globalisation Essay on the Characteristics of Globalisation Essay on the Advantages of Globalisation [ ] Economics Discussion. Essay on Globalisation. Article Shared by. This website includes study notes, research papers, essays, articles and other allied information submitted by visitors.
Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries. I. Introduction to Globalization. Teachers may want to have the students read this introduction before they read the essays on "Globalization" to provide a basic understanding of .