For example, various social service organizations are working at international level for improving the living condition of the people belonging to socially deprived classes. Improved transport system , particularly airways and seaways, have to be credited for massive globalization. Movement between countries has become a matter of few hours. The increased clarity over international laws have promoted businesses to go beyond national limits.
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. It seems the country is trying to recover great financial loss without replacing jobs that have been lost domestically with higher taxes on the people who have lost the most, the middle class. While corporations are busy opening up offices and factories in other countries in a bid to cut overhead costs and have better footing on Wall Street and with their global competitors.
There are many advantages to a global economy for large organizations and nations as a whole. For instance, in the United States, corporations are able to do business with businesses with countries that have a low cost of labor. Some of the companies in countries where there are no child labor laws, minimum wage standards, or even sweat shops, are able to secure contracts with U.
This is profitable for the corporations but devastating to the United States employees. The middle and lower class workforce on the blue collar level suffer because of lack of employment. Without employment, unemployment benefit payments rise, homes are lost, healthcare is unaffordable, higher education is unattainable, and poverty and crime increases. Unless citizens are able to tap into the information age and develop businesses that tie into e-commerce and self-employment, they are doomed.
They cannot maintain the lifestyle they had before, they cannot afford to pay their taxes, and unless U. Accessed September 14, We will write a custom essay sample on Globalization Argumentative Paper specifically for you. Leave your email and we will send you an example after 24 hours If you contact us after hours, we'll get back to you in 24 hours or less. Globalization Argumentative Paper Essay.
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The Implications of Hyperglobalist Globalization on World Regions - Even though the globalization skeptics and the transformationalists both have viable interpretations of globalization, I believe that the hyperglobalist perspective is the most accurate.
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.
I. Introduction to Globalization. Teachers may want to have the students read this introduction before they read the essays on "Globalization" to provide a basic understanding of the concepts included therein. "Globalization" is a term that came into popular. 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.
Check out this interesting essay example on the topic of impact of globalization on trade and employment. Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries.