GLOBALIZATION

We now communicate and share each other's cultures through travel and trade,
transporting products around the world in hours or days. We are in a huge global
economy where something that happens in one area can have knock on effects
worldwide. This process is called globalisation.

What is globalisation?
Globalisation is the process by which the world is becoming increasingly interconnected as a
result of massively increased trade and cultural exchange. Globalisation has increased the
production of goods and services. The biggest companies are no longer national firms
but multinational corporations with subsidiaries in many countries.

Globalisation has been taking place for hundreds of years, but has speeded up enormously
over the last half-century.

Globalization is term used to describe the trend towards countries joining together
economically, through politics, and education. Countries joining together economically view
their own selves not just through their national identities, but as part of the world as a whole.

Globalization has many benefits and disadvantages and they are here to stay. Basically, the
First World or Global North countries are those that will benefit from globalization. Rich
countries like UK, Germany, and the United States can sell more goods and products to
poorer markets on the Global South.

Local businesses and brands in developing nations can go bankrupt as huge corporations in
developed nations can dominate the economy of their country. Local traditions and cultures
may change. People in poor counties may no longer wear their cultural costumes as they
would want to look like the stars in Hollywood.

Also, globalization has made it possible for non-English speaking countries to learn speaking
English. More and more schools in developing nations are teaching their students how to
speak this global language.

Advantages of Globalisation

1. Globalization Increases Free Trade

Globalization has increased the free trade between countries. The increases capital liquidity
has allowed investors in well developed nations to invest in developing countries. Huge
corporations from developed nations have great flexibility to operate in other countries.

2. Global Mass Media Ties World Together

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The increased flow of communication has allowed global mass media to tie the world

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together. Global mass media has allowed vital information to be shared between
corporations and individuals around the world. Globalization has also contributed to greater
speed and ease of transporting goods and people.

3. Eradicates Cultural Barriers

Countries joining together economically through politics and education have reduced and
can even eradicate cultural barriers, and increase the global village effect. Globalization has
seen to be the medium to spreading of democratic ideals to well developed nations and
greater independence to developing countries in the Global South.

4. Reduction Of War
Reduction of war between well developed nations is probably one of the primary benefits of
globalization.

1. Increased free trade between nations

2. Increased liquidity of capital allowing investors in developed nations to invest in developing
nations
3. Corporations have greater flexibility to operate across borders
4. Global mass media ties the world together
5. Increased flow of communications allows vital information to be shared between individuals
and corporations around the world
6. Greater ease and speed of transportation for goods and people
7. Reduction of cultural barriers increases the global village effect
8. Spread of democratic ideals to developed nations
9. Reduction of likelihood of war between developed nations

10. Increases in environmental protection in developed nations

Disadvantages of Globalisation

1. Decrease Environmental Integrity

Globalization has the potential to decrease the environmental integrity as polluting
corporations from well developed countries can take advantage of developing nations weak
regulatory rules.

2. The Seek For Cheap Labor

Globalizations increases of non-skilled and skilled jobs from developing nations to well
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developed countries as huge corporations seek for cheap labor. This economic trend can

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also increase the likelihood of economic disrupt in a single nations, which could affect all
nations.

3. Limits Cultural Expressions

Globalization imposes threat to mass media being controlled by huge corporations. This
could limit the cultural expressions. This means that mass media can be used by handful
corporations to pose risks in the cultural heritage of both well developed and developing
nations.

Globalization is a global economical trend that is here to stay. It has advantages

and disadvantages, and these things will not disappear. People just need to know
how to reap its benefits and reduce its risks. People must understand its impact
globally, and work altogether to remedy the problems that may arise in the future.
All countries in the Global North and Global South must work altogether to spread
its benefits.

1. Increased flow of skilled and non-skilled jobs from developed to developing nations as
corporations seek out the cheapest labor
2. Increased likelihood of economic disruptions in one nation effecting all nations
3. Corporate influence of nation-states far exceeds that of civil society organizations and
average individuals
4. Threat that control of world media by a handful of corporations will limit cultural expression
5. Greater chance of reactions for globalization being violent in an attempt to preserve cultural
heritage
6. Greater risk of diseases being transported unintentionally between nations
7. Spread of a materialistic lifestyle and attitude that sees consumption as the path to
prosperity
8. International bodies like the World Trade Organization infringe on national and individual
sovereignty
9. Increase in the chances of civil war within developing countries and open war between
developing countries as they vie for resources

Although globalisation is probably helping to create more wealth in developing countries - it

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is not helping to close the gap between the world's poorest countries and the world's richest.

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