Positive Effects of Globalization Essay

Globalization has been credited with bringing an increase transp bency in the world and communication technology has played a major role in this. Governments can nowadays exchange data, research, analysis, and reports with severally other on a real-time basis and this has take to change magnitude cooperation between areas. One of the symbolic manifestations of globalization is the social movement of multi-national brands crossways the globe. Companies exchangeable Coca-Cola, McDonalds, Nike etc. be present in a number of countries and to drive their business smoothly and effectively, they rely on communication technology to a walloping extent.The latest innovations in web-conferencing deal made it possible for business community to interact with each other in a ruin way. The readings that we collapse seen in the business sector would have never been possible without the presence of an effective communication system. One of the prime examples is the surge in outsourci ng that we have seen over the last decade of so. Most US companies have relieve around 30% to 50% of their costs by taking their back-office, flushGlobalization Pros and ConsThe term globalization is profoundly contentious. W here(predicate) in that respect argon well-nigh highly appreciated advantages of this ideology of integrating cultures, the world has witnessed some tremendously threatening effects of the same too. Its pros and cons simultaneously support and contradict its repair on the world economy. While the ones advocating globalization believe that it is because of this trend that scurvy economies have regained their hopes and faiths of under(a)developed financially, thus, raising their standards of living, the ones contradicting it believe that globalization is the only indicate behind elite and high-profile multinational companies trashing local cultures and beliefs, municipal small-scale businesses, and commoners, in the rush to attain an global status. Th is instigates us to put forth some(prenominal) questions like What is the future of globalization with such ambiguities associated? How are cultures going to animise now?All in all, it is upon the masses to keep a interference on our sanctities and traditions, and be all the more tolerant as today, interaction in-person is no more prevalent. Issues will crop up, things would be misunderstood, and the indicator to tolerate will be tested every now and then. In order to properly balance between the benefits and prices that globalization is associated with, it is highly of the essence(p) to adjudicate as to how the process of globalization works, and the norms and standards that it consorts with itself. It is then that we can anticipate an all-inclusive answer to globalizations actual role and get within the world economy.The furbish up of communication technology can be seen in the education sector as well. in that location are a lot of students who are now able to get acce ss to randomness through Internet. Students can now get certifications from foreign Universities by complemental an online program. These innovations have brought a marked difference to the way education is imparted and has led to an improvement in the quality of education. The tint of globalization on banking intentness has been prominent and today we can see unlike banks being streamline through effective communication channels. The innovation has also led to the globalization of banking industry as leading banks from all over the world now have their offices in almost every coarse of the world. While the impact of communication technology has been overly positive, it has led to certain challenges. There is a wide disparity when it comes to access to technology between developing and create nations.The developing nations do not have a proper basis in rank, which has created challenges for a lot of mass in these countries. This can be dis expedient to the developing coun tries and can lead to economic disparity. Globalization cannot be exclusive as it encompasses the whole world and it is valuable that corrective actions are taken to ensure that weaker sections of the society are not neglected. There has been a lot of progress in the last few years and developing countries like Nigeria and Kenya have started to take steps to encourage their people to be acquainted with the latest developments in communication technology.It is important to remember that there are various factors that have contributed to globalization and communication technology is precisely one of them. However, it has played one of the most important roles in bed covering globalization. The concerns that are associated with the disparity can be countered by making march on innovations in communication technology.Globalization has several advantages on the economic, cultural, technological, social, and other fronts. any(prenominal) myths existing in the mind regarding these mus t be dispelled. Globalization heart and soul change magnitude the interdependence, connectivity, and integration on a global level, with respect to the social, cultural, political, technological, economic, and bionomic levels. It is the collaboration of countries to provide a boost to dish out practices, and also to mortify cultural differences. Its various advantages can be felt all across the globe by one and all, and also to a very large extent in our daily lives.Obviously, now we understand that globalization is here to stay. Here are the most common and important advantages that globalization, over time, has brought most for mankind. These have been listed in no particular order, and are all bouncy in their own way.Peaceful RelationsMost of the countries have resorted to trade relations with each other in order to boost their economy, exit behind any bitter past experiences if any. Nations now try to gussy up capital and fortify their stand in international trade, rathe r than hosting a war. Thus, globalization has induced international quiescence and security in a big way.Free TradeFree trade is a indemnity in which a country does not levy taxes, duties, subsidies or quota on the import/export of goods or operate from other countries. There are countries which have resolved to free trade in specific regions. This allows consumers to cloud goods and services, comparatively at a lower cost.Global ConnectivityGlobalization has promoted international connectivity. With the use of the Internet, the world has definitely become a smaller place. There has been exchange of thoughts and ideas which has morally boosted and interlinked the mindset of people all round the world. tonic-fangled MarketsThe opportunities for new markets has increased dramatically. Numerous companies have started investing in variant countries and luring customers for their brands. These ever-expanding markets have helped countries to raise capital in terms of foreign domesti c investments, thus improving the economy of the country.Employment OpportunitiesOne of the most advantageous factors of globalization is that it fosters the generation of employment. This happens due to the emergence of new companies and new markets, where scores of skilled and unskilled labor is required. Immigration between countries also increases, providing erupt opportunities for people all round the world. By providing employment, globalization helps in increasing the standard of living of the people, and also reduces poverty.Quality ProductsThe competition among different companies finds place at an international level. It becomes important for the companies to focus on quality goods and services, in order to have a strong foothold in the market. The consumer is benefited in the process, and gets quality products at cheaper rates. He/she also gets the opportunity to select his goods from a large variety useable in the market.Environmental Protection reciprocal trade carrie d out by countries has brought to the highest degree an understanding for the protection of the surroundings from which they benefit so much. It has been accepted by most countries that action inevitably to be taken in saving natural resources and wildlife, without thinking about the boundaries that separate them. Global environmental problems like cross-boundary pollution, over-fishing in the oceans, climate change, etc., are solved by discussions and conventions.Good for Developing NationsIt is claimed that globalization increases the economic successfulness of developing nations. Developed countries invest in such countries with an aim of capturing new markets, which helps them improve their infrastructure and technologies to international levels. A lot of capital is invested in such projects, which in turn proves fruitful to the economy of the developing nation as well.Equality for AllGlobalization has helped in creating international bend courts, and international fairice m ovements are also launched to provide justice to people at a global level. Disputes are solved through global standards such as patents, copyright laws, and world trade agreements. Thus, it has ensured that people do not get discriminated with regard to country, caste, creed or sex.Ease of ecstasyWith the advent of globalization, there has been an immense increase in the transportation of goods and services worldwide. Things which took weeks for conveyance, can now easily be availed within a braces of days. Due to the development of containerization for ocean shipping, transportation costs are decrease to a great extent, lowering the cost of products in world markets. live and TourismGlobalization has promoted tourism to great heights. There are many places that have tourism as their main source of capital generation. planetary trade among different countries also helps in increasing the number of tourists that scrutinise different places around the world.Unity in DiversityGlob alization has helped in bringing about integrity and social understanding everywhere. The dream for a global village becomes realistic after looking at the impact of globalization. It has helped in removing some barriers that had kept the world divided on various grounds. There has been propagation of democratic ideas among countries. Cross-cultural contacts grow and cultural scattering takes place, which helps in minimizing differences, and promotes companionship.External BorrowingIt has often been seen that a poor country is unable to provide adequate financing to its companies, which proves to an obstacle in the development of the country on the whole. With the help of globalization, there is opportunity for corporate, national, and sub-national borrowers to have better access to external finance, with facilities such as external commercial acceptance and syndicated loans.It is a common belief that globalization plays a role just at international levels of trade and commerce, b ut the fact is that it has played an important role in making our lives much more comfortable too. The phones, apparels, gadgets or accessories that we use in our day-to-day life are be available to us through globalization. Knowingly or unknowingly, we are all under the impact of globalization, and more importantly it has helped in bringing international peace and justice to mankind. Read more at Buzzle http//www.buzzle.com/articles/advantages-of-globalization.html