Globalization and its Effects
Introduction
Globalization is a very broad term meaning it has several broad definitions. It’s a process of international integration due to an exchange of various products, ideas, worldviews and, culture. Globalization is on the rise currently due to various promoting factors such as transportation advancement, telecommunication infrastructure and most importantly the internet. The world is now like a village today and is sweeping away all political boundaries. The distance between nations is decreasing rapidly, and no country can be referred to as foreign for now. Globalization involves large volumes of business activities and hence nations tend to gain a lot of profit from it. The countries that were against it have now opened doors for it.
The globalization process is a historical one that began with the movement of people out of Africa to other parts of the world. People traveled from country to country as they engaged in trading activities. With the increasing business activities, culture emerged due to intermarriages. …show more content…
Negatively, scholars argue that it is responsible for the new kind of oppression in the form of ever-changing work conditions. Long term secure jobs are now a thing of the past. Unemployment is on the rise due to constant lay-offs and pay cuts. The net effect of the above increases in the levels of poverty across the globe especially in the developing countries has led to low standards of living. On the other hand, globalization has created better opportunities for developed countries, enabling them to tap into larger markets across the globe. For the less developed countries, they have got access to cheaper imports, technology and large markets for exports from the developing
Introduction
Globalization is a very broad term meaning it has several broad definitions. It’s a process of international integration due to an exchange of various products, ideas, worldviews and, culture. Globalization is on the rise currently due to various promoting factors such as transportation advancement, telecommunication infrastructure and most importantly the internet. The world is now like a village today and is sweeping away all political boundaries. The distance between nations is decreasing rapidly, and no country can be referred to as foreign for now. Globalization involves large volumes of business activities and hence nations tend to gain a lot of profit from it. The countries that were against it have now opened doors for it.
The globalization process is a historical one that began with the movement of people out of Africa to other parts of the world. People traveled from country to country as they engaged in trading activities. With the increasing business activities, culture emerged due to intermarriages. …show more content…
Negatively, scholars argue that it is responsible for the new kind of oppression in the form of ever-changing work conditions. Long term secure jobs are now a thing of the past. Unemployment is on the rise due to constant lay-offs and pay cuts. The net effect of the above increases in the levels of poverty across the globe especially in the developing countries has led to low standards of living. On the other hand, globalization has created better opportunities for developed countries, enabling them to tap into larger markets across the globe. For the less developed countries, they have got access to cheaper imports, technology and large markets for exports from the developing