Globalization Essay Example | Topics and Well Written Essays - 3000 words

globalization - Essay ExampleGlobalization is mostly connect to economic globalization however this is not the case globalization presents a much wider concept. It is a conspiracy and amalgamation of political, economic, biological and cultural agentive roles which are being shared and circulated globally. Globalization is a very proportional term and can be used in a number of ways depending on the factor it is being applied to. For instance, if taken from an economic perspective, globalization is the removal of hindrances and barriers existing between two nations so that the flow of services, manpower and merchandise can be enhance and taken to a higher direct for the attainment of mutual benefit and progress. The concept of globalization has changed paces it took a start in the nineteenth one C and deliberated during the era of the First World War. It again accelerated in the middle of the 20th century, the reason many another(prenominal) economists present for its varying trends is the changing attitude of the economists who sometimes backed off from this practice so as to protect the policies and regulations of their organizations. Globalization took a turn after World War II this was due to the feature efforts of the politicians who made deliberate attempts to eliminate the borders obstructing tidy sum. Bretton Woods Conference further paved way for this since politicians from all everywhere the world signed the petition to carry out foreign mass and commerce and numerous institutions were in like manner developed in order to view and invigilate the procedure of globalization. Multinationals organizations have also taken pull up stakes and are responsible for its worldwide growth and development the corporations in Europe and United States of America exchange strategies related to science and engineering science and gave birth to a new era of globalization. Radio, television, music, films and all other agent of media also played a great rol e in the exchange of cultures especially in the western sandwich countries. Two to a greater extent factors that have contributed greatly in this regard are telecommunication which greatly enhanced the effects of this phenomenon which are even prominent in the current era. One of the greatest benefits of the intervention of technology in globalization is that it has made trade and other means of communication very accessible and easy. Globalization has not only revolutionized the economic sector but has also contributed to a great deal as far as political, social and cultural diversity is concerned. (Malcolm, 2001) ADVANTAGES OF GLOBALIZATION Globalization has both advantages and disadvantages it has become a contentious term mainly because the disadvantages seem to overshadow the advantages. Before knowing the reason behind this issue, permits have a look at the advantages of this controversial issue. The advantages are as stated trade has become easier due to globalization since trade and business affairs can be carried out more slowly owing to the efficient means of transportation and communication. Goods and other services can be easily carried from one place to the other. The relationship between nations and states becomes more stable due to effective interaction doddering rivalries can be sorted out and resolved which in turn reduces the chances of war. The trend of free trade gains popularity and