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. An increased sense of humanity , and the brotherly feeling towards global community, has inspired organization to serve people around the world.
Movement of people to foreign countries a for education in international universities, and b for looking for better job opportunities. For example, Indian people form the largest diaspora in the world. 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 engaged in international transactions. Export-import among countries involves a 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. 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. Due to Globalization, there has been an increase in cross-border Merger and acquisitions. India has emerged as a major player of service and Information Technology IT industry. Many BPO services are provided from remote places.
Their services are hired by companies around the world. Due to Globalization, the world is getting smaller every day. As a result of globalization, we see cultural exchange among communities. Next, due to advancements in modes of transportation, it has now become very easy to travel locally and overseas. And, due to increase in tourism, most of the nations have become victims of epidemic diseases, which were only observed in impoverished parts of the world.
On the other hand, globalization has resulted in manifold positives, first out of which is economic growth of nations. To expand their business, Multinational Companies MNCs set up their offices in different countries, which increases the employment and development rate of the nations, in which MNCs set up their business.
Secondly, globalization has transformed the entire world into a global village. Earlier, the thought of traveling from one city to another used to traumatize the people, but now a person can complete a journey of thousand miles in just a few hours. After analyzing the benefits as well as the drawbacks of globalization, it can be concluded that although globalization has resulted in some disadvantages, yet its benefits can never be ignored.
Governments and natives should see the benefits of globalization and work wholeheartedly to transform its negatives into positives. Notify me of follow-up comments by email.
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Globalization is a process and this process makes developments in these countries. First of all is the independence of each of developing countries. The development in industry, economy, culture and polity gives solutions to social problems.
Essay globalization 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regionaleconomies integrate through a worldwide network of political ideas throughtransportation, communication, and trade.
ADVERTISEMENTS: In this essay we will discuss about Globalisation. After reading this essay you will learn about: 1. Meaning of Globalisation 2. Characteristics of Globalisation 3. Advantages 4. Disadvantages 5. Globalisation of Indian Economy 6. Impacts. Contents: Essay on the Meaning of Globalisation Essay on the Characteristics of Globalisation Essay on the Advantages of Globalisation . - Globalization is the dominant force by which the world has become interconnected significantly as a result of extremely increased trade and decreased cultural differences. Globalization has made crucial changes in the production and trade of goods and services. - Introduction Throughout the essay, I will be evaluating how globalisation.
Short Essay on Globalization. Category: Essays, Paragraphs and Articles On September 10, By Team Work. Globalization. Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries. Write about the following topic: Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. Discuss. Check ou the model answer for globalization essay.