Class assignment on Globalization

Course- BUS301, International business

Submitted to
Ms. Fabiha Enam
Senior lecturer and assistant proctor
BRAC Business School

Submitted by: Farhatul Hasan Rafi

ID: 16304003
Section: 03
Department: BRAC Business School
1.Is globalization new or old?
 Globalization is commonly thought of as a new phenomenon, but contact between diverse
individuals is not new. It began when prehistoric tribes settled and were able to outmuscle
wandering tribes. The premodern period saw technological advances that allowed trade and
communication to flourish

2.Is globalization good or bad

Globalization allows many goods to be more affordable and available to more parts of the
world. It helps improve productivity, cut back gender wage discrimination, give more
opportunities to women and improve working conditions and quality of management, especially
in developing countries

. 3. Is globalization really global or inclusive of all people?

Arguments in favor

Proponents of globalism believe in global citizenship , that is, the problems of humanity can
be resolved with globalism. Globalism is the idea that all people matter, no matter where
they live, and that universal freedom and human rights can be fostered for all mankind
World citizens believe in civic globalism and that by thinking globally and acting locally they
can effect positive change across all barriers.

Arguments against

Arguments against globalism are similar to those moved against globalisation, among
which loss of cultural identity, deletion of community history, conflict of civilization, loss of
political representation and collapse of the democratic process in favour of a globally
managed open society.