Opinion on Globalization Essay - 638 Words.
Some argue that the present model of globalization has increased problems of unemployment, inequality and poverty, while others contend that globalization helps to reduce them. In my opinion, these problems predated globalization, but it is clear that for globalization to be politically and economically sustainable, it must contribute to their reduction.
Although practiced for thousands of years, economic and political globalization has contributed to a spurt in cultural globalization in recent decades. Giant strides in technology and communications, particularly the internet has been the single most important factor in breaking cultural boundaries across the globe facilitating immediate communication between people of varying lifestyles and.
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. The most serious problem of all of the governments in the world is unemployment, which leads to poverty.
Globalization as a concept has its roots in the bundle and bustle of financial markets as they rush to mobilize capital with its associated effects on national, regional and local economies. In this course of development, the economies of cities have emerged as a new field of inquiry from an urban social movement perspective.
Globalization has benefited most of the countries. However, everything has two sides, globalization may also have disadvantages. In this essay, I will discuss both the pros and cons of globalization in today's world. First of all, globalization has greatly influenced the world's economy in many positive ways.
If we adopt a stricter definition of the concept, globalization started in the 15th century when Portugal and Castile sent the first exploratory voyages to the Cape of Good Hope and the Americas. The history of globalization can thus be divided into three periods: 1.0 which spanned from 1492 to 1800 and involved the globalization of countries.
Merits,Advantages Of Globalization. Globalization Advantages creates competition between foreign companies and thus there is pressure on them to improve quality and structure for more consumer interest and sale. The prices get cheaper too. Education quality has also become a need of the hour and thus literacy rate have also increased.