Globalization: Threat or an Opportunity Essay example

1331 Words Feb 8th, 2006 6 Pages
The term globalisation has significantly influenced many countries all around the world. It is a process that happening in most countries and considerably changing many things. Globalisation is proved that it is inevitable; moreover, it is irreversible. In few decades, this process has been running very unbelievably quickly without any control or a plan. Some people see it as it is beneficial and may develop many countries' economy, politics, culture, and environment. It could also be a gate to a happy and povertyless future. As Monbiot believes, "Our task is surely not to overthrow globalisation, but to capture and use it as a vehicle for humanity's first global democratic revolution." (Monbiot 2003, p. 35). Others on the other hand, view …show more content…
Some of them have become more developed and industrial countries even more than most industrial countries; for example, Taiwan and China.

However, if the term economic globalisation were to be understood in a different way, it might help and develop the economy of many countries and it could be the best way to have a developed and happy future. But only as Dunning states, "if we get it right," (Dunning 2003, p. 11). Since the growth of modern electronic communication, a rapid promotion occurred in most business corporations. For example the electronic media has made the world smaller and easy to transmit information or commodities all over the world. Economic globalisation offers solutions for trade problems and unemployment in many countries. It also spreads out knowledge, new types of technology, and cheaper economic policies. It also brings new production methods and management techniques. Markets and products can be exported and imported at a very low cost. The economical dimension gives the developing countries the power to dominate many people attitudes. As Davies suggests:
Business [by the process of globalisation] has the capability of bringing creative and sustainable solutions to many of the ills facing the world such as (…), unemployment, and to reinforce freedoms and choice (…). It is to recognise that…

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