Advantages of globalization
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The document discusses several effects of globalization, including increased economic interdependence between nations through free trade and financial integration. It also notes the spread of mass media and communication technologies that connect people and businesses globally. Both advantages and disadvantages of globalization are outlined, such as greater access to goods and markets but also threats to cultural expression and national sovereignty. Key aspects of globalization discussed include industrial, financial, economic, political, informational, cultural, and ecological integration on a worldwide scale.
![these markets however meant that an economic collapse in any one
given country could not be contained.
* {googleads right} Political - some use "globalization" to mean the
creation of a world government which regulates the relationships among
governmentsand guarantees the rights arising fromsocial and economic
globalization. [4] Politically, the United States has enjoyed a position of
power among the world powers, in part because of its strong and wealthy
economy. With the influence of globalization and with the help of The
United States’ own economy, the People's Republic of China has
experienced some tremendous growth within the past decade. If China
continues to grow at the rate projected by the trends, then it is very likely
that in the next twenty years, there will be a major reallocation of power
among the world leaders. China will have enough wealth, industry, and
technology to rival the United States for the position of leading world
power.[5]
* Informational - increase in information flows between geographically
remote locations. Arguably this is a technological change with the advent
of fiber optic communications, satellites, and increased availability of
telephone and Internet.
* Language - the most popular language is English.[6]
o About 35% of the world'smail, telexes, and cables are in English.
o Approximately 40% of the world's radio programs are in English.
o About 50% of all Internet traffic uses English.[7]
* Competition - Survival in the new global business market calls for
improved productivity and increased competition. Due to the market
becoming worldwide, companies in various industrieshave to upgrade
their products and use technology skillfully in order to face increased
competition.[8]
* Ecological - the advent of global environmental challenges that might
be solved with international cooperation, such as climate change, cross-
boundary water and air pollution, over-fishing of the ocean, and the
spread of invasivespecies. Since many factories are built in developing
countries with less environmental regulation, globalismand free trade
may increase pollution. On the other hand, economic development
historically required a "dirty" industrial stage, and it is argued that
developing countries should not, via regulation, be prohibited from
increasing their standard of living.
* Cultural - growth of cross-cultural contacts; advent of new categoriesof
consciousnessand identities which embodies cultural diffusion, the desire
to increase one's standard of living and enjoy foreign products and ideas,
adopt new technology and practices, and participate in a "world
culture". Some bemoan the resulting consumerismand loss of languages.](https://image.slidesharecdn.com/advantagesofglobalization-150612095832-lva1-app6891/85/Advantages-of-globalization-2-320.jpg)
Advantages of globalization
- 1. noinAanfab dgfgdsngvtnavdA Increased freetrade between nations Increased liquidity of capital allowing investors in developed nations to invest in developing nations Corporations have greater flexibility to operateacrossborders Global mass media ties the world together Increased flow of communications allowsvital information to be shared between individuals and corporations around the world Greater ease and speed of transportation for goods and people Reduction of cultural barriers increases the global village effect Spread of democratic ideals to developed nations Greater interdependenceof nation-states Reduction of likelihood of war between developed nations Increases in environmental protection in developed nations. Disadvantages of globalization Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity International bodies likethe World Trade Organization infringe on national and individual sovereignty Increase in the chances of civil war within developing countriesand open war between developing countries as they vie for resources Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries Increased flow of skilled and non-skilled jobs fromdeveloped to developing nations as corporations seek out the cheapest labor Increased likelihood of economic disruptions in one nation effecting all nations Corporate influence of nation-states far exceeds that of civil society organizations and average individuals Threat that control of world media by a handful of corporations will limit cultural expression Greater chance of reactions for globalization being violent in an attempt to preservecultural heritage Greater risk of diseases being transported unintentionally between nations Effects of Globalization Globalization has various aspects which affect the world in several different ways such as: * Industrial - emergence of worldwideproduction marketsand broader access to a range of foreign products for consumers and companies. Particularly movement of material and goods between and within national boundaries. * Financial - emergence of worldwide financial marketsand better access to external financing for borrowers. As these worldwide structures grew more quickly than any transnational regulatory regime, the instability of the global financial infrastructuredramatically increased, as evidenced by the financial crises of late 2008. Economic - realization of a global common market, based on the freedomof exchange of goods and capital. The interconnectedness of
- 2. these markets however meant that an economic collapse in any one given country could not be contained. * {googleads right} Political - some use "globalization" to mean the creation of a world government which regulates the relationships among governmentsand guarantees the rights arising fromsocial and economic globalization. [4] Politically, the United States has enjoyed a position of power among the world powers, in part because of its strong and wealthy economy. With the influence of globalization and with the help of The United States’ own economy, the People's Republic of China has experienced some tremendous growth within the past decade. If China continues to grow at the rate projected by the trends, then it is very likely that in the next twenty years, there will be a major reallocation of power among the world leaders. China will have enough wealth, industry, and technology to rival the United States for the position of leading world power.[5] * Informational - increase in information flows between geographically remote locations. Arguably this is a technological change with the advent of fiber optic communications, satellites, and increased availability of telephone and Internet. * Language - the most popular language is English.[6] o About 35% of the world'smail, telexes, and cables are in English. o Approximately 40% of the world's radio programs are in English. o About 50% of all Internet traffic uses English.[7] * Competition - Survival in the new global business market calls for improved productivity and increased competition. Due to the market becoming worldwide, companies in various industrieshave to upgrade their products and use technology skillfully in order to face increased competition.[8] * Ecological - the advent of global environmental challenges that might be solved with international cooperation, such as climate change, cross- boundary water and air pollution, over-fishing of the ocean, and the spread of invasivespecies. Since many factories are built in developing countries with less environmental regulation, globalismand free trade may increase pollution. On the other hand, economic development historically required a "dirty" industrial stage, and it is argued that developing countries should not, via regulation, be prohibited from increasing their standard of living. * Cultural - growth of cross-cultural contacts; advent of new categoriesof consciousnessand identities which embodies cultural diffusion, the desire to increase one's standard of living and enjoy foreign products and ideas, adopt new technology and practices, and participate in a "world culture". Some bemoan the resulting consumerismand loss of languages.