Globalization mean the process of international integration arising from the interchange of worlds views, products, ideas and other aspects of culture. Advances in transportation and telecommunication infrastructure, including the rise of the telegraph and its development the internet, are major factors in globalization, generating further interdependence of economic and cultural activities.
Globalization is positive because...
Is a positive development as it will give rise to new industries and more jobs in developing countries. Globalization can create new opportunities, new ideas, and open new markets that an entrepreneur may have not had in their home country. As a result, there are a number of positives associated with globalization:
- it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world
- this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export markets
- it allows businesses in less industrialized countries to become part of international production networks and supply chains that are the main conduits of trade
Globalization is negative because...
In that it will force poorer countries of the world to do whatever the big developed countries tell them to do. The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer. Outsourcing, while it provides jobs to a population in one country, takes away those jobs from another country, leaving many without opportunities.
• Although different cultures are able to interact and share there ideas and innovations, everything is beginning to meld, and their becomes a loss of tradition and culture.
• There may be a greater chance of disease spreading worldwide, as well as invasive species that could prove devastating in non-native ecosystems.
• There is little international regulation, an unfortunate fact that could have dire consequences for the safety of people and the environment.
• Fast food chains, are spreading in the developing world. Meaning more consumption of junk foods from these joints resulting in an adverse impact on people’s health.
• Although different cultures are able to interact and share there ideas and innovations, everything is beginning to meld, and their becomes a loss of tradition and culture.
• There may be a greater chance of disease spreading worldwide, as well as invasive species that could prove devastating in non-native ecosystems.
• There is little international regulation, an unfortunate fact that could have dire consequences for the safety of people and the environment.
• Fast food chains, are spreading in the developing world. Meaning more consumption of junk foods from these joints resulting in an adverse impact on people’s health.