In this reflective essay I will discuss about Globalization. Globalization is the autonomy of the economy, culture, education and arts, communication and other parameters, which were previously the product of a single state. Mainly the purpose of this essay is to record, study and investigate the concept of globalization in the economy Explain the impact of globalisation on your own life and your country. It must be written in a reflective manner. Consider how modernisation and growth has affected your consumption behaviour, your thoughts, and have you seen evidences of changes that have been taking place in your country The theoretical definition of Globalization defines globalization as integration of several nations and economies for the purpose of trade, foreign investments and capital migration
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Globalization is a process of integrating trade and commerce throughout the globe. Governments, private companies and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to each other.
Unprecedented advancements in transport and communication technologies have added to the growth of globalization. Primarily, globalization is a commercial activity which also integrates different cultures and societies through trade and commerce. The origin of globalization is however a matter of dispute between historians and modern economist. Former believe it to be existing since ancient times while latter assert that it started only in 21 st century.
Below we have provided Long and short Essay on Globalization in English for your information and knowledge. Globalization is the process of growing, developing and expanding the business, services or technologies all through reflection about globalization essay world. It is the expansion of various businesses to the global markets throughout the world. It requires huge international investment to develop large multinational corporations for the worldwide economic integration.
It is to increase the connectivity and interdependence of the businesses in the worldwide markets. In the last few decades, globalization has taken the form of technological advancement which resulted in easier travel, communication, and other businesses on international level for the people. On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.
Globalization is making the availability of businesses or technologies all across the world through the speed of markets. Globalization is making various huge changes in the world where people are moving away from their self-contained countries to the more integrated world. In order to globalize a business, a company need to bring change in a business strategy made for a single country to the special one having ability to operate in multiple countries, reflection about globalization essay.
Globalization impacts a business and a company in various ways. Globalization impact on businesses in the worldwide market can be described under two broad categories of market globalization and production globalization.
Market globalization is the reduction in selling barriers of products or services to other countries other than its home country. It is very necessary for a company to make success easier by effectively globalizing selling products to the international market. Production globalization is the set up of plant in many countries to produce products locally on low labour cost and earn more profit than its home country. Globalization is the spreading of anything worldwide. However, generally it is the process of globalizing products, businesses, technologies, philosophies, etc all through the world.
It is the creation of a successful interconnected marketplace without any limitation of time zone and national boundaries.
The most common and clear example of globalization is the spread of McDonalds restaurants all around the world. It became so successful in the worldwide markets because of its effective strategy adapting the culture of different countries in their menus to suit local tastes of people.
We can say it as internationalization which is a great combination of both, the globalization and the localization. It is very hard to decide whether the revolution of global marketplace is beneficial or harmful to the humanity.
It is still a big confusion. However, it is also tough to ignore that globalization has created greater opportunities to people worldwide. It has changed status and way of living of people in the society to a great extent.
It is hugely benefiting the developing nations by providing various developmental opportunities. If we take it positively, it may eradicate the regional diversity and establish a homogenized world culture. It is supported by the information technology and show huge interaction and integration among businesses, companies, government and people of various countries. Globalization has positively and negatively affected the tradition, culture, political system, economic development, lifestyle, prosperity, etc.
In the last few decades globalization has been very fast which has resulted in the worldwide economical, reflection about globalization essay, social, political and cultural integration through the advancement in the technologies, telecommunication, transportation, etc. It has affected human lives in both positive and negative manner; its negative effects are needed to be addressed accordingly.
Globalization has contributed a lot to the worldwide economies in various positive ways. Unbelievable advancement in the science and technologies has given amazing opportunity to the businesses to easily spread across the territorial boundaries.
Just because of the globalization, there has been huge economical growth of the companies. They have been more productive and thus given rise a more competitive world. There is a competition in the quality of products, services, etc. Successful companies of the developed countries are establishing their foreign branches to take advantage locally through the low cost man labor than their home countries. Such type of business activities are giving employment to the people of developing or poor countries thus giving way to go ahead.
Together with the positive aspects of the globalization, negative aspects are not forgettable. There has been risk of epidemic diseases by means of transportation from one country to another. There has been proper control of the government of all countries on the globalization in order to reduce its negative impacts on the human lives. Globalization is a process of worldwide spread of science, technologies, businesses, etc through the means of transportation, communication, and trade.
Globalization has affected almost all the countries worldwide in various ways such as socially, economically, politically, and psychologically too. Globalization is a term indicating fast and continues integration and interdependence of countries in the field of business and technologies. The effects of globalization have been seen on the tradition, environment, culture, security, lifestyle, and ideas.
There are many factors affecting and accelerating globalization trends worldwide. The reason of acceleration in the globalization is because of the people demands, free-trade activities, worldwide acceptance of markets, reflection about globalization essay, emerging new technologies, new researches in the science, etc. Globalization has huge negative impacts on the environment and given rise to various environmental issues like water pollution, deforestation, air pollution, soil pollution, contamination of water resources, climate change, reflection about globalization essay, biodiversity loss, etc.
All the ever growing environmental issues need to be solved on urgent basis by international efforts otherwise they may finish the existence of life on the earth a day in future, reflection about globalization essay. In order to prevent the loss of environment, there is need of globalization of eco-friendly technologies and huge level environmental awareness among people. In order to deal with the negative effects of globalization, companies need to develop greener technologies which may replace the current status of the environment, reflection about globalization essay.
However, globalization has helped a lot positively to save the environment by reflection about globalization essay various resources reducing adverse effects on the environment like hybrid cars using less fuel and promoting education. Apple brand has also aimed to manufacture Eco-friendly products to reduce negative impacts of globalization and exceed positive effects.
Increasing demands of the ever increasing population lead towards extensive deforestation causing great level environmental issue. Till now, almost half of the useful forests have been cut in the past years.
So, reflection about globalization essay, there is a need to make globalization under control to reduce its negative effects. Globalization is the way to open reflection about globalization essay, improve technological growth, reflection about globalization essay, economy, etc on international level for the international players. It is the way to manufacturers and producers of the products or goods to sell their products globally without any restriction.
It provides huge profit to the businessmen as they get low cost labor in poor countries easily through the globalization. It provides a big opportunity to the companies to deal with the worldwide market. It facilitates any country to participate, set up or reflection about globalization essay industries, reflection about globalization essay, invest in equity or shares, reflection about globalization essay, selling of products or services in any country.
Globalization helps global market to consider whole world as a single market. Traders are extending their areas of business by focusing world as a global village.
Earlier to the s, there was restriction of importing certain products which were already manufactured in India like agricultural products, engineering goods, food items, toiletries, etc. However, during s there was a pressure from rich countries over World Trade Organization, World Bank engaged in development financing activitiesand International Monetary Fund to allow other countries to spread their businesses by opening trade and market in the poor and developing countries.
In India the globalization and liberalization process was started in under the Union Finance Minister Manmohan Singh, reflection about globalization essay. After many years, globalization has brought major revolution in the Indian market when multinational brands came to India like PepsiCo, KFC, Mc. Donald, Boomer Chewing gums, IBM, Nokia, Ericsson, Aiwa etc and started delivering wide range of quality products at cheap prices. All the dominating brands shown real revolution of globalization here as a tremendous boost to the industrial sector economy.
Prices of the quality products are getting down because of the cut throat competition running in reflection about globalization essay market. Globalization and liberalization of the businesses in the Indian market is flooding the quality foreign products however affecting the local Indian industries adversely to a great extent reflection about globalization essay in the job loss of poor and uneducated workers.
Globalization has been bonanza for the consumers however grave for the reflection about globalization essay Indian producers. Globalization has brought variety of affordable priced quality products and overall economic benefits to the developing countries as well as employment to the large population. However, it has given rise to the competition, crime, anti-national activities, terrorism etc.
So, together with the happiness it has brought some sadness also. Globalization is positively needed by the society and country to go ahead and become a developed society and nation. A range of globalization essay is given above to help students getting education in various classes. Essay on globalization given above are easily worded and written by the professional content writer by keeping in mind the need and requirement of students.
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20/7/ · In a nutshell, globalization means the process in which people from all walks of life, people from far distances around the world engage in buying and selling of goods and services to one another. This explains why globalization has been heavily invested on by companies, business moguls, powerful and weak nations Globalization, to me, meant the merging of the economic powers of the world to form one economy or at the very least, a financial network that is systematically combined throughout the world that provides more effective ways to handle currency, taxes, trading, etc. Furthering my research, I learned that Globalization encompasses much more than financial aspects 24/12/ · Globalization Essay Globalization is a process of integrating trade and commerce throughout the globe. Governments, private companies and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to
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