Globalization is the way that local or national ways of doing things become global, that is, done together around the world. It is about economics or trade, technology, politics, and culture. People feel differently about globalization: some think it helps everyone while others think it hurts some people.
Definition[change | change source]
Globalization is a term which may be used broadly to mean doing things as distant people do them, or more narrowly to mean complying to global standards in economy, politics, culture, education, environment or other matters. It describes the way countries and people of the world interact and integrate. Many things have become globalized as people come into contact.
Economic globalization is how countries are coming together as one big global economy, making international trade easier. In the late 20th century, many countries agreed to lower tariffs, or taxes on goods that are imported from other countries. Telegraphy and other communication technologies have helped people to buy and sell products from around the world, thus bringing globalization. Herman E. Daly has said that there is an important difference between internationalization and globalization. Internationalization is about nations working together for the same goals. These are things like treaties, alliances, and other international agreements. Globalization is about international trade being less blocked by national borders.
Political globalization is how institutions and countries can influence the whole world. The United Nations are an example of globalization because most countries of the world are members of its General Assembly. This international organization can make countries follow rules and apply economic sanctions to a country that doesn't. This means the countries in the U.N will punish them by not talking or trading with them, so they don't benefit from globalization.
Cultural globalization is how culture is becoming homogeneous, which means that people from all over the world act in similar way. For example, many people around the world write with the Latin alphabet, wear T-shirts and jeans and watch Hollywood movies and other media.
Criticism[change | change source]
Some people, like Noam Chomsky, do not like globalization because they feel it only helps rich people get richer by making poor people poorer. Offshoreoutsourcing, such as a company hiring workers in a developing country, is often a part of globalization. This sometimes means that some people in a developed country lose their jobs. Joseph Stiglitz said that international groups like the World Bank and the International Monetary Fund (IMF) have made it harder for poorer nations to get richer. Globalization also means that problems from other countries will affect your country. For example the Great Depression of the 1930s started in the United States but affected the entire world.
Many countries also dislike it when international organizations such as the United Nations tell them what to do. However they obey to avoid sanctions. Many people also criticize the fact that globalization means that fewer people are deciding what brands, like Coca-Cola and McDonald's, taking over smaller, local shops and businesses. They criticize the fact that powerful countries have bigger influence on world culture than others. For example, the United States is the biggest cultural exporter, which means that countries around the world are becoming like the United States. However, this hurts local cultures. Jean Baudrillard believes that globalization hurts local cultures and is the cause of most terrorism. He also believes that most supporters of globalization just want to stay in power.
Gregory Meyjes interprets globalization as a largely hegemonic, unequal process of socio-cultural imposition. Questioning the various processes (economic, political, cultural) by which globalization or globalisation has favored rapid Anglo-cultural dominance over a more gradual, egalitarian evolution towards an inclusive world civilization, Meyjes argues for cultural policies that support "ecological" relations between local ethnocultural traditions, by protecting cultural specificity in the short term and allow as many cultural groups as possible to organically contribute to the whole. At the global level, Meyjes therefore proposes the term universalization or universalisation to denote a process of (largely) non-imposed socio-cultural exchange between state-level and sub-state-level groups and "nations" – i.e. a transnational process that informs the gradual emergence of a universal civilization.
Support[change | change source]
Others, like Thomas Friedman, believe that globalization can bring people together and make everyone richer without getting rid of local cultures. People who support globalization also believe that it makes war less likely because it is bad for business.Francis Fukuyama also argued that globalization would eventually lead to a system of world governance which would cause wars to end.
Many believe that globalization helps out poorer nations by bringing them business. A report by the World Bank said that poverty in India and Indonesia was cut in half because of globalization. The report also said that people in poorer nations are living longer and better because they were making more money.
Related pages[change | change source]
References[change | change source]
More Reading[change | change source]
- Peter Berger, Four Faces of Global Culture (The National Interest, Fall 1997).
- Friedman, Thomas L. (2005). The World Is Flat. New York: Farrar, Straus and Giroux. ISBN 0-374-29288-4.
- Kitching, Gavin (2001). Seeking Social Justice through Globalization. Escaping a Nationalist Perspective. Penn State Press. ISBN 0-271-02162-4.
- Mander, Jerry (1996). The case against the global economy : and for a turn toward the local. San Francisco: Sierra Club Books. ISBN 0-87156-865-9.
- Steger, Manfred (2003). Globalization: A Very Short Introduction. Oxford, New York: Oxford University Press. ISBN 0-19-280359-X.
- Stiglitz, Joseph E. (2002). Globalization and Its Discontents. New York: W.W. Norton. ISBN 0-393-32439-7.
- Wolf, Martin (2004). Why Globalization Works. New Haven: Yale University Press. ISBN 978-0300102529.
Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries. (Also read: Globalization: Meaning of Globalization and its Advantages and Disadvantages)
What causes Globalization?
1. Improved transport system, particularly airways and seaways, have to be credited for massive globalization. Movement between countries has become a matter of few hours.
2. The increased clarity over international laws have promoted businesses to go beyond national limits.
3. 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.
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 engage in international transactions.Export-import among countries involves 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. Companies such as Coca-cola, Pepsi, Ford, Unilever, TATA, etc. operate across multiple countries. 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.
Cross-border merger and acquisitions
Due to Globalization, there has been an increase in cross-border Merger and acquisitions. For example, Tata Steel, an Indian company, had acquired Corus (British steel making company).
Emergence of India as a service and IT leader
India has emerged as a major player of service and Information Technology (IT) industry. Many Indian IT, ITes, BPO and KPO companies have worldwide presence. Their services are hired by companies around the world. Social Globalization Due to Globalization, the world is getting smaller every day.
Cultural exchange and philanthropic activities
As a result of globalization, we see cultural exchange among communities. People get the opportunity to exchange ideas and adopt better means of living.
Many philanthropic and social organisation are promoting the concept of universal brotherhood. They work for the betterment of entire humanity.
Environmental and other global issues
Various environmental issues have emerged as Global issues. Global warming, air pollution, soil pollution, deforestation, etc. are global issues. The countries are interdependent on each other. The need of the hour is to act together against various environmental and other Global issues so as to ensure a safer world.
Also read:Globalization: Meaning of Globalization and its Advantages and Disadvantages
Category: Essays, Paragraphs and ArticlesTagged With: Globalization