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Global Is at Ion

Improved technology in transportation and telecommunications has lessened distances between places, allowing for increased movement of people, capital, and ideas across borders. This has enabled the rise of multinational corporations seeking new markets and opportunities for outsourcing jobs. While globalization can boost economic development and cultural exposure, it also carries risks like loss of jobs, cultural homogenization, and lack of regulation over international issues. There is debate around both its benefits and drawbacks for the world.

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Victoria Birtles
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0% found this document useful (0 votes)
57 views3 pages

Global Is at Ion

Improved technology in transportation and telecommunications has lessened distances between places, allowing for increased movement of people, capital, and ideas across borders. This has enabled the rise of multinational corporations seeking new markets and opportunities for outsourcing jobs. While globalization can boost economic development and cultural exposure, it also carries risks like loss of jobs, cultural homogenization, and lack of regulation over international issues. There is debate around both its benefits and drawbacks for the world.

Uploaded by

Victoria Birtles
Copyright
© Attribution Non-Commercial (BY-NC)
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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If you look at the tag on your shirt, chances are you would see that it was made in a country

other than the one in which you sit right now. What's more, before it reached your wardrobe,
this shirt could have very well been made with Chinese cotton sewed by Thai hands, shipped
across the Pacific on a French freighter crewed by Spaniards to a Los Angeles harbor. This
international exchange is just one example of globalization, a process that has everything to
do with geography.

Globalization is the process of increased interconnectedness among countries most notably in


the areas of economics, politics, and culture. McDonalds in Japan, French films being played
in Minneapolis, and the United Nations, are all representations of globalization.

The idea of globalization may be simplified by identifying several key characteristics:

Improved Technology in Transportation and Telecommunications

What makes the rest of this list possible is the ever-increasing capacity for and efficiency of
how people and things move and communicate. In years past, people across the globe did not
have the ability to communicate and could not interact without difficulty. Nowadays, a phone,
instant message, fax, or video conference call can easily be used to connect people.
Additionally, anyone with the funds can book a plane flight and show up half way across the
world in a matter of hours. In short, the "friction of distance" is lessened, and the world begins
to metaphorically shrink.

Movement of People and Capital

A general increase in awareness, opportunity, and transportation technology has allowed for
people to move about the world in search of a new home, a new job, or to flee a place of
danger. Most migration takes place within or between developing countries, possibly because
lower standards of living and lower wages push individuals to places with a greater chance for
economic success.

Additionally, capital (money) is being moved globally with the ease of electronic transference
and a rise in perceived investment opportunities. Developing countries are a popular place for
investors to place their capital because of the enormous room for growth.

Dispersal of Knowledge

The word 'dispersal' simply means to spread out, and that is exactly what any new found
knowledge does. When a new invention or way of doing something pops up, it does not stay
secret for long. A good example of this is the appearance of automotive farming machines in
Southeast Asia, an area long home to manual agricultural labour.
Non-Governmental Organizations (NGOs) and Multinational Corporations

As global awareness of certain issues has risen, so too has the number of organizations that
aim to deal with them. So called non-governmental organizations bring together people
unaffiliated with the government and can be nationally or globally focused. Many
international NGOs deal with issues that do not pay attention to borders (such as global
climate change, energy use, or child labour regulations). Examples of NGOs include Amnesty
International or Doctors without Borders.

As countries are connected to the rest of the world (through increased communication and
transportation) they immediately form what a business would call a market. What this means
is that a particular population represents more people to buy a particular product or service.
As more and more markets are opening up, business people from around the globe are coming
together to form multinational corporations in order to access these new markets. Another
reason that businesses are going global is that some jobs can be done by foreign workers for a
much cheaper cost than domestic workers; this is called outsourcing.

At its core globalization is an easing of borders, making them less important as countries
become dependent on each other to thrive. Some scholars claim that governments are
becoming less influential in the face of an increasingly economic world. Others contest this,
insisting that governments are becoming more important because of the need for regulation
and order in such a complex world system.
There is a heated debate about the true effects of globalization and if it really is such a good
thing. Good or bad, though, there isn't much argument as to whether or not it is happening.
Let's look at the positives and negatives of globalization, and you can decide for yourself
whether or not it is the best thing for our world.

Positive Aspects of Globalization

 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.
Economically higher nation
 Global competition encourages creativity and innovation and keeps prices for
commodities/services in check. Competition creates better products
 Developing countries are able to reap the benefits of current technology without the
growing pains associated with development of these technologies. Technology
revolutions without the who-ha
 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. More cooperative governments
 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. Diversity in culture of products
 Cheap imports keep a lid on prices, so inflation is less likely to derail economic growth.
Prices stay low
 Export jobs often pay more than other jobs.….

Negative Aspects of Globalization

 Outsourcing, while it provides jobs to a population in one country, takes away those
jobs from another country, leaving many without opportunities. Removes jobs nationally
 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. Removes cultural
individuality
 There may be a greater chance of disease spreading worldwide, as well as invasive
species that could prove devastating in non-native ecosystems. Swine Flu, Pests
 There is little international regulation, an unfortunate fact that could have dire
consequences for the safety of people and the environment. Terrorism, sep11th
 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. ???
 Employees can lose their comparative advantage when companies build advanced
factories in low-wage countries, making them as productive as those at home no need
for employees, because all low wage workers

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