Globalization

What is Globalization? What are globalization more just? How is the nation affected by
globalization? Do this institution relevant?

How globalization affect the community?

Globalization or is the process of interaction and integration of people worldwide. As a

complex and multifaceted phenomenon, globalization is considered by some as a form of
capitalist expansion which entails the integration of local and national economies into a global,
unregulated market economy. Globalization has grown due to advances in transportation and
communication technology. Increased global interactions comes the growth of international
trade, ideas, and culture. Globalization is primarily an economic process of interaction and
integration that's associated with social and cultural aspect. Globalization is the word used to
describe the growing interdependence of the world’s economies, cultures, and populations,
brought about by cross-border trade in goods and services, technology, and flows of investment,
people, and information.

Globalization describe how trade and technology have made the world into a more
connected and interdependent place. Globalization also captures in its scope the economic and
social changes that have come about as a results, towards increased globalization,
interconnections and interdependencies have quickly developed and have become deep as these
have become the way of life in the modern world.

Globalization is about the interconnectedness of people and businesses across the world
that eventually leads to global cultural, political and economic integration. It is the ability to
move and communicate easily with others all over the world in order to conduct business
internationally.

What are the invention and innovations be developed in our world today?

After how many years there is a many more inventions and innovations have transformed
many lives around the world, they include: the airplane, radio and television, electrification,
water supply and distribution; electronics; telephony; air condition and refrigeration; highways;
spacecraft’s, computers, Internet imaging, household appliances, health technologies, petroleum
and petroleum technologies, nuclear technologies and high performance materials (Constable &
Somerville, 2003).

What are the impact of globalization? Does globalization has an impacts to society?

The globalization has impact on the developing countries such as India, China and some
African countries are overwhelming. Foreign investments have created a lot of employment
opportunities in the developing countries and have boosted their economy. Globalization has also
enabled people to interchange their knowledge and culture. although the world or countries is
not completely globalized, we can very well say that globalization is the best way to achieve
equality among nations, we can say that it can also help to that country be globalize.

The impact of globalization is felt differently among individuals but the end result will be
either positive or negative. Globalization has impacts on the lives of individuals, on the aspects
of culture, religions and education. The positive impacts of globalization include the
simplification of business management through efficiency. In business, the quality of goods and
services has increased due to global competition. Foreign investment has been facilitated by
globalization and the global market has been able to expand. Cultural growth has been
experienced through intermingling and accommodation.

What are the possible Solutions to the Negative Impacts of Globalization?

Globalization has impacted the society but there is some of the solutions might help to
mitigate the impacts. When adopting cultures from other people, it is important to be keen on the
effects of the culture on the people and the existing culture being practiced. For example,
Africans should not focus more of the western culture such that they ignore their own culture

What are the advantages and disadvantages of globalization to the world or developing and
develop country?

Globalization has a very big advantages to country whether it is developed or developing

country because it create job opportunities as more and more companies can extend their
presence to different parts of the world, companies can establish their presence in developing
countries. Globalization gives educational aspirants from developing and underdeveloped
countries more quality learning opportunities. It leads not only to the pursuit of best higher
education but also to cultural and language exchanges.

Globalization also enhances a faster flow of information and quick transportation of

goods and services. Moreover one can order any item from anywhere merely sitting at home.
Another plus point of globalization is the diminishing cultural barriers between nations as it
offers free access and cultural interactions.

The disadvantages effect of globalization is the condition of weak sections of the society,
as they are getting poorer and the rich are getting richer. The situation leads to the domination of
economically rich countries over emerging countries and the increase of disparity.

Therefore need to despite all its disadvantages, globalization has transformed the entire
globe into a single market irrespective of its region, religion, language, culture, and diversity
differences. It also leads to an increase in demand for goods, which in turn calls for more
production and industrialization. Our focus should be to minimize the risks and maximize the
positive outcome of global policy, which in turn can help for a sustainable long-standing
development for people all around the world.
What skills are needed to succeed in the globalized world?

In preparing for a global career, students in their undergraduate studies should try to
acquire global competencies and multicultural skills. Included in the global competencies would
be workable knowledge of global leadership skills which are essential to succeed in a globalized
world.

Globalization encourages each country to specialize in what it produces best using the
least amount of resources, known as comparative advantage. This concept makes production
more efficient, promotes economic growth, and lowers prices of goods and services, making
them more affordable especially for lower-income households.

As a student there are way to solve global challenges would be for mathematicians,
scientists, engineers, and technologist all over the world to work on these global challenges
together, some of that is happening now, but not to the extent that it could or should be
happening, as person in community/student we need to study hard not for our self but also to our
family and for the sake of other generation.

References:

Constable & Somerville, 2003

https://en.m.wikipedia.org/wiki/Globalization

https://www.japantimes.co.jp/opinion/2018/07/03/commentary/world-commentary/can-retain-
benefits-globalization/

What is globalization

2018/07/03/commentary/world-commentary/can-retain-benefits-globalization/
 Central Bicol State University of Agriculture
Sta.cruz Poblacion Calabanga Camarines Sur

Midterm exam

Prepared by:
Rey Marck S. Laurenciano
BSFI 1- A

Submitted to:
Richard Castor
Teacher