Globalization: Option 1 Globalization is the theory of the quick and dynamic increase of international commerce and communications that has become commonplace in the world marketplace. This globalization though can cause challenges to the political structure of countries by the rapid spread of political ideologies. Globalization can also cause economic boons and hardships within developing nations that labor is exported to. Because of some of these financial detriments, countries can find themselves utilized as labor at unfair costs, both political and financial (Riemer, Simon, & Romance, 2014). While globalization is a process that will continue to engulf the globe, there are pros and cons to its ability to enhance the world’s economy.
Globalization Pros Globalization is the current standard for how business run today and it does not look like any change will happen in the future. There are some definite pros that come into play for economic globalization though. This increase in global commerce allows less developed countries to have more channels to increase exportation of their products, allowing for increased economic standing (Zhang, 2015). …show more content…
Globalization has increased due to the internet and the ability for information to be spread across the globe at rates that were previously unheard of. Because of this expedited transmission of information, the increases cross-cultural education allows counties to share information quicker and increase general social tolerances towards each other. By utilizing this increase of information, the theory of democracy can be shared to countries that may not had exposure to this form of government prior to globalization (Collins, 2015). Samel (2015) asserts that globalization can increase “Social stability” in countries that are being exposed to this trend. Even though there are many benefits to globalization, there are drawbacks to it
Globalization Pros Globalization is the current standard for how business run today and it does not look like any change will happen in the future. There are some definite pros that come into play for economic globalization though. This increase in global commerce allows less developed countries to have more channels to increase exportation of their products, allowing for increased economic standing (Zhang, 2015). …show more content…
Globalization has increased due to the internet and the ability for information to be spread across the globe at rates that were previously unheard of. Because of this expedited transmission of information, the increases cross-cultural education allows counties to share information quicker and increase general social tolerances towards each other. By utilizing this increase of information, the theory of democracy can be shared to countries that may not had exposure to this form of government prior to globalization (Collins, 2015). Samel (2015) asserts that globalization can increase “Social stability” in countries that are being exposed to this trend. Even though there are many benefits to globalization, there are drawbacks to it