Still, when you consider benefits like online learning, constant communication, and a world of knowledge at our fingertips, globalization has a lot more gold than silver. ALL RIGHTS RESERVED. We can see some automobile industry using the parts manufactured in other countries for cost saving, as in a car being assembled in the United States and their parts coming from Japan, Germany or Korea. It has brought unfair competition among nations as countries are struggling to trap labor. If companies outsource, there is a danger of job loss for local economies. The writer should briefly tell the reader the focus of the article and critical points that a reader is supposed to pay crucial attention to. Organizations such as the Red Cross can respond more swiftly to disasters around the world. It has emerged well into economy and culture of almost every place in the world. The more technology advances and the more transportation improves, the more global outlets are revealed. In economic terms, it describes the loosening of barriers to international trade. Hindustan Level Limited introduced the concept of shampoo sachets priced at a rupee for rural Indian customers. Cell phones connect people all over the world like never before. The reason why globalization is important is because it helps a community in gaining international recognition, influence as well as operation. It is defined as the day to day interaction with people amongst other people and the process of integrating with one another. Some would even argue this has a disruptive impact on cultures around the world. Outsourcing can take advantage of highly-skilled labor that produces higher-quality products or services. In Turkey the seeds were roasted and then mashed and mixed with water, creating a brew similar to modern coffee. All rights reserved.
Start Your Free Investment Banking Course, Download Corporate Valuation, Investment Banking, Accounting, CFA Calculator & others. The 19th century’s Industrial Revolution is considered the first major wave of globalization, however, when transportation like trains and steamboats began connecting the world. With greater expansion, more economic decision-making has been taken away from local control. Writing a good globalization essay requires an in-depth understanding of the general standards of globalization essay outline. Multinational corporations operate on a global scale, with satellite offices and branches in numerous locations. Businesses must recognize that their success depends on efficiency and scalability. Here are some examples: 1. Employees work tirelessly with poor wages at the end of the day. This was the initiative taken for the Indian market and the price was reduced. Even though only a handful of countries compete all the way through to the finals, people all across the globe sit down and watch the same match on TV, no matter their location. Examples of globalization. Globalization doesn’t only apply to the economic flow of goods and services. This would be a win-win situation for both the company and the employee as he was struggling to get the job. This shows that globalization has a good presence in the banking industry. Loan Interest Calculator: How Much Interest Will I Pay My Lender? Environmental cooperation has spread to help reduce chlorofluorocarbon (CFC) emissions and slow the depletion of the ozone.
Technology has been the other principal driver of globalization. A defining feature of globalization, therefore, is an international industrial and financial business structure. This means being able to quickly mobilize global resources and reach world markets. Factories implemented concepts like the assembly line for mass production. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Industries try to downplay this competition by reducing the marketing prices of products and services, which ideally any buyer will go for because it is cheap. If a powerful organization is able to outsource its call center to a developing country, that creates a new class of jobs for people who may not have had that opportunity otherwise.
They have a wider network, more offices, and staff members who are willing to travel or even relocate in the wake of natural disasters. A sample of an Essay on Globalization. Your Choice Could Cost You 3%, 8 Retirement Deadlines You Can't Afford To Miss -- Age 50 to 80, Rescue Your Retirement in 3 Steps - Even at Age 60. As the global economy grows at a rapid pace, countries need to consider the overall impact of globalization within their local economies – and strive for balance. Globalization creates a long chain of collaboration and symbiotic relationship among countries. Join 1,000+ other subscribers. You could trace globalization all the way back to the Silk Road in 130 B.C. There are various other examples as well which shows that globalization exists in various different areas.
A summary of the critical points in the body paragraphs. For the settlement of the disputes and providing the guidelines on the international matters World trade organization was established, for the governance of global health and disease world health organization (WHO) was established, World Meteorological Organization was established as the specialized agency of the United Nations (UN) for collecting the information and monitoring the trends of the Earth’s atmosphere and its interaction with lands and ocean and the European Union (EU) was established with the motive of promotion of human rights, trade, humanitarian aid, and development, etc.
Globalization also captures in its scope the economic and social changes that have come about as a result. On the flip side, developed countries have seen jobs and the production of goods move out of local economies and across borders (also known as offshoring). Cultures are also being spread without confining to political boundaries.
While world economies benefit from globalization, the spread of new cultures is equally encouraging. Globalization is a term used to describe the integration of national economies through these partnerships. All Rights Reserved. Christian missionaries from Europe added to the globalization of Christianity. As they migrated from one country to another, more and more people were converting to a new spiritual way of living. Although technology, transportation, and the arts are major motivators within the vehicle of globalization, there are other enjoyable components too, from international sports to relief groups like the Red Cross. World War I brought a halt to this first wave of globalization, with borders closing and trade ceasing. Assuming the quality is good enough, companies may see higher profits from the company outsourcing the manufacturing. One relevant example of globalization is the existence of multinational corporations. The point is that there is a low cost of production in Mexico, so these companies manufacture cars in Mexico by investing there and then ship back to the US once it gets manufactured. The following is a sample of an essay on globalization talking about the adverse effects of globalization: Globalization Pros and Cons Essay. For example the cooperation between the US and China for combating the piracy off Somalia’s coast. This initiative was taken for expanding the company’s criteria for 3-5 cities as smaller version.
This article is in continuation with the previous article giving glocalization examples of various renowned companies.
28 Positive Effects of Globalization (With Examples) Updated on: March 25, 2020 1 Comment. According to U.S. Customs and Border Protection, escalated U.S. tariffs on Chinese imports raised $20.8 billion through mid-July 2019. Globalization is the process whereby systems expand from being regional or national to encompass the entire planet. At the end of the introductory paragraph, provide a thesis statement on what the reader should expect from the written essay. With one phone call or email, people from all across the globe can come together to ensure the rights of human beings are protected. Below is an outline of a good globalization essay: The following is a sample of an essay on globalization talking about the adverse effects of globalization: Globalization may seem to be a new thing in this century, but the truth is, it is not an entirely new process. Globalization101.org tries to provide an accurate analysis of the issues and controversies regarding globalization, without the slogans or ideological biases generally found in discussions of the topics. Globalization is growth on a worldwide scale. There are worldwide operations for purchase of the activity and it is done after considering the source selection. Amortization Schedule Calculator: Find My Mortgage Repayment Schedule.
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