GLOBALIZATION

 What is mean by the globalization?

Globalization can be defined as the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.

My view on this topic is globalization may result in changes to the world in terms of technology, communication, transportation and more.  Many parties gain an advantage in the globalization.  However , from my reading i found that globalization have good and bad.  Roughly we see globalization provides benefits to all parties but in fact it is there negative aspects of globalization.  Following is the positive and negative aspects of globalization.

POSITIVE ASPECT

• As more money is poured in to developing countries, there is a greater chance for the people in those countries to economically succeed and increase their standard of living.

• Global competition encourages creativity and innovation and keeps prices for commodities/services in check.

• Developing countries are able to reap the benefits of current technology without undergoing many of the growing pains associated with development of these technologies.

• Governments are able to better work together towards common goals now that there is an advantage in cooperation, an improved ability to interact and coordinate, and a global awareness of issues.

• There is a greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices.

NEGATIVE ASPECT

• 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 from around the world are able to interact, they begin to meld, and the contours and individuality of each begin to fade.

• 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.

• Large Western-driven organizations such as the International Monetary Fund and the World Bank make it easy for a developing country to obtain a loan. However, a Western-focus is often applied to a non-Western situation, resulting in failed progress.