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"Globalization ". Globalization Comes From "Globe "And Means The

Globalization is a process driven by advances in technology and transportation that has increased the exchange of information, goods, services, culture, and languages between countries on a global scale. While increased access to more affordable products has benefited many consumers, the impacts of globalization are complex with both benefits and disadvantages. As production moves to lower-cost locations, jobs are lost in some countries while employment opportunities rise in others, though often under poorer working conditions. Additionally, the increased transportation of goods globally has contributed to environmental problems like climate change. How globalization evolves will depend on how people address both the new opportunities and challenges it presents.

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Joy Cabansag
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134 views2 pages

"Globalization ". Globalization Comes From "Globe "And Means The

Globalization is a process driven by advances in technology and transportation that has increased the exchange of information, goods, services, culture, and languages between countries on a global scale. While increased access to more affordable products has benefited many consumers, the impacts of globalization are complex with both benefits and disadvantages. As production moves to lower-cost locations, jobs are lost in some countries while employment opportunities rise in others, though often under poorer working conditions. Additionally, the increased transportation of goods globally has contributed to environmental problems like climate change. How globalization evolves will depend on how people address both the new opportunities and challenges it presents.

Uploaded by

Joy Cabansag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Globalization Is a Process

 Globalization is a widely discussed topic. It is, therefore, not all that


easy to explain. As it’s such a complicated term in simple words.

 Let’s start from the beginning with a background to globalization.


Advances in technology such as mobile phones, airplanes,
telephones and the internet have made the growth of transport and
communication networks possible. Amongst other things, this means
that people and countries can exchange information and goods more
quickly; and in a less complicated way. This process is called
“Globalization “. Globalization comes from “Globe “and means the
worldwide coming together of countries and nations.

 Let’s look at an example. Companies used to manufacture products


into home countries just like the companies “Profit-TV “and “Super
color “who produced televisions in Country A. Their products are in
direct competition with each other, but both companies pay the same
salaries and production costs. They have the same customers, use
similar suppliers, and sell televisions at similar prices. In short, the
same conditions apply to both companies.

 So far, so good. Due to technical, cultural, and economic


developments that have come about through globalization, other
companies which manufacture products under different conditions
can now offer their products in Country A, too. That’s why a company
from country B, can sell televisions here, at a lower price, because
they were produced for less. The local firms Super Color and Profit-
TV have to react to withstand the competition and so the world grows
closer together and there is an active exchange of goods between
countries.

 More affordable products are available for more people. However, not
only does an exchange of products and economic goods take place,
but also of services, knowledge, cultural goods and even languages.
All of these individual elements are closely linked and influence each
other.
 But, where is light, there is also shadow. Because of globalization
and its intense exchange of goods, people and the environment often
suffer.

 If a company decides to move production to an economically


disadvantaged country, people in industrialized countries lose their
jobs. At the same time, job opportunities open up too many locals in
the economically disadvantaged countries. Many people in these
countries work for very little money in comparison to those in
industrialized countries. Therefore, they often remain poor and more
often than not do not have sufficient insurance, social insurance or
health insurance cover.

 A further disadvantage of globalization is ecological problems such as


climate change. The use of airplanes, ships and lorries to transport
goods over international borders is constantly on the increase. This
causes more carbon dioxide to be released into the atmosphere
which, in turn, is the main cause of global warming.

 Even national environmental standards are ignored. This is a further


cost factor in the worldwide international site competition which
should be kept as low as possible to be attractive for a company.

 There are, therefore, many sides to globalization which affect almost


all aspects of life causing me to think that the chain of positive and
negative effects will continue to grow further. What’s important is to
realize that globalization itself is neither good nor bad. It just depends
how the people deal with all the new possibilities in the future.

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