StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Globalisation - Essay Example

Comments (0) Cite this document
Summary
Globalization is the process in which international integration that arises from the interchange of world products, views, ideas and other emerging aspects of culture. Globalization occurs among companies, people and governments of different states, which are mostly brought…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Globalisation
Read TextPreview

Extract of sample "Globalisation"

Globalization Globalization Globalization is the process in which international integration that arises from the interchange of world products, views, ideas and other emerging aspects of culture. Globalization occurs among companies, people and governments of different states, which are mostly brought about by investment, information or international trade (Steger, 2013). Globalizations mostly have impacts on the culture of given citizens, the environments in general, in the economic development of a given nation, on the nature of political systems and methods of administration of democracy and prosperity in both human physical well-being and ways of socialization in different groups in the society.
During the past era globalization was discussed as a process that draws different cultures and nation into greater interaction and communication. This made globalization to be seen as fact that we all increasingly live in the world, groups; individuals become ever more interdependent.
Globalization consists of different elements which include: Economy, political and ideology, culture, media and Bionomy (Environment or Ecology) (Steger, 2013).
Economy
Economy or economic system includes the production of goods and services, distribution or trade of commodity and the final utilization of the produced goods and services by different consumers in a given geographical location (Steger, 2013). The economic negotiators can be individuals, organizations, businesses or governments. For a better economy, a transaction must be occurring between two parties who agree on the price of a transacted service or product, commonly expressed as a currency or worth of that product.
Media
Media (communication) is a tool applied to deliver and store data or information regarding any news and can be seen as a communication instrument. The primary vehicle of the phenomena of global media is the multinational corporation that is used to collect information from one area to another and deliver it globally all over the world. Media globalization has supported in both the distribution and production of information. Examples of media aided globalization technology include radio, music, satellite among others (Steger, 2013).
Politics and Ideology
Political ideology to set of norms, beliefs or doctrines that are shared by the members of a specific social group that forms the basis of economic factors, political or another system. Political ideology in globalization involves media facilitation on the exchange of cultural or political factors that affect the career of a politician. Politics has been globalized since the views of one politician can be analyzed by another one from different regions as information is conveyed from one area to another, which has led to increased ideological difference.
Various theories have been put across to explain globalization that includes: Hyper globalists, Sceptics and Transformation lists (Steger, 2013).
Sceptics theory states that the real knowledge of provided things is impossible. Hence, it indicates that globalization is based on the real knowledge of given information.
Hyper globalists compare the trade of different nations which later gives the rate of globalization in the two contrasting economies.
Transformation lists is a list that indicates the most changing issues in both goods and services and used to compare with those from different nations (Steger, 2013).
Evaluation
Globalization has been experienced all over the world and with the improvement of technology, people have become more united which is leading to unity and sharing of ideas on different platforms.
Reference
Steger, M,(2013). Globalization: A very Short Introduction. Oxford University Press, New York. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalisation Essay Example | Topics and Well Written Essays - 500 words - 2”, n.d.)
Globalisation Essay Example | Topics and Well Written Essays - 500 words - 2. Retrieved from https://studentshare.org/english/1693973-globalisation
(Globalisation Essay Example | Topics and Well Written Essays - 500 Words - 2)
Globalisation Essay Example | Topics and Well Written Essays - 500 Words - 2. https://studentshare.org/english/1693973-globalisation.
“Globalisation Essay Example | Topics and Well Written Essays - 500 Words - 2”, n.d. https://studentshare.org/english/1693973-globalisation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Globalisation

Globalisation

... forces local governments to bend to the strong pressures of the global environment to come to terms with the global marketplace economic agreements (Ervin, 2008). Likewise, a company that is located in the United States can sell similar products to current and future customers located in Japan, Korea, or Singapore, without fearing globalisation’s business climate change (Greenwald, 2008). In addition, a company that is located in Argentina can send its products to current and future clients located in the United Kingdom (Homann, 2007). The above discussion clearly shows that the risk of not finding current and future customers for the company’s products is reduced. The opening up of the global marketplace to a company located in any part...
12 Pages(3000 words)Coursework

Globalisation

...?Globalization Introduction Globalization is the process of assimilation of the world economy; it is the process of increasing communications among the people of different countries and different nations’ governments. Globalization is the name of progressing interdependence among the markets of different countries and multinational companies. The word evolved from a four hundred years old word ‘Global’. However, the use of the words like globalization started not before 1960s and it gained its importance approximately from the mid eighties. The national systems became interdependent by means of trade relations, alliances formed by the Defence sectors of different countries and through the imperialism of culture of different... Introduction...
6 Pages(1500 words)Essay

Globalisation

...?Introduction The concept of functionalism is used to describe the way in which societies function and change over time, specifically with the development of social and cultural institutions. The concept of functionalism is important in creating an understanding not only of the basic elements of society for belief systems or survival. More important, there is a complete understanding of the social order through the use of functionalism. The attributes within society, such as purposes of groups and overall trends within a society can be explained with the theory of functionalism. However, there is also the understanding that, while it tries to explain the complete social order, it is also based on the majority population... The concept of...
7 Pages(1750 words)Essay

Globalisation

...realised that the concept of globalization would contribute to the rapid economic restructuring. In addition to the economic benefits, nations could improve its political as well technological relations globally. It is argued that globalisation can benefit developing countries more in achieving rapid economic growth. Obviously, it has several negative aspects too. This paper will critically analyse notable strengths and weaknesses of globalisation. Strengths According to Devetak and Hughes (34), globalisation connects nations through a global network, and it assists a nation to get access to foreign markets and customers. Sometimes, an organisation can attain more benefits from foreign...
4 Pages(1000 words)Essay

Globalisation

... Globalization in Australia Question As many countries in the world struggle to restore their economic stability, Australia comfortably enjoys the success of its economy. A number of aspects have led to the success of Australian economy. These include rise in coal and iron export, consumer spending, capital growth, and low cost of living in its towns. Both volumes of exports and its revenues have risen in the recent past hence the country has been able to provide to its economy promptly. Consumer expenditure has also increased in Australia due to drop in rate of unemployment (McLean 3). Cities in Australia such as Perth and Brisbane offer attractive investment opportunities to potential investors leading to the rise in capital... Globalization...
5 Pages(1250 words)Essay

Globalisation

... emerged as “neologism of the new millennium” (Putko, 2006: 1). Consequently, it has made a resounding effect on the picturesque of mankind playing a pivotal role in the social aspect and thereby making drastic changes in the welfare of the civilisation of mankind. Hence, globalisation can be referred as a process of amalgamation through which exchange of world views, products, ideas and different facets of cultures takes place (Lee & Vivarelli, 2006). Based on this context, the paper will be concentrated on explaining the concept of globalisation as an on-going phenomenon by critically discussing the major features of the terminology. Emphasising on the vividness of the term ‘globalisation’, an explanation will also be provided...
8 Pages(2000 words)Essay

Globalisation

... trade' policies' Professor Paul A. Samuelson of the Massachusetts Institute of Technology (MIT) provides a reason. Given America's current enormous trade and budget deficit '... the consequences of globalization for the United States have been negative for some time now. Compared with Asia's rising economies, the country is now in a "win-lose" situation. Asia, says Samuelson, is gaining economic strength while America is losing its assets' (op. cit.). Another aspect of the progress of globalisation has been the unequal distribution of income in America. Over the last three decades 'the rich have gotten a lot richer, the poor have languished, and the middle class has shrunk. ... The federal minimum wage, in terms of purchasing power, is now...
12 Pages(3000 words)Essay

Globalisation

...Introduction – definition of globalization Globalization according to Frankel (2006) means integration through international trade of markets in goods and services, financial integration through international trade in assets, foreign direct investment, international outsourcing of services and international movement of people. Economic globalization is one of the most powerful sources to have shaped the post-war world and the two major drivers behind globalization are reduced costs in transport and communication in the private sector and reduced policy barriers to trade and investment on the part of the public sector. Lee & Tai (2006) too agree that liberal trade policies, incentives, growing foreign direct investment (FDI... – definition of...
6 Pages(1500 words)Essay

Globalisation

..., international finance and labour movements – a process which would result in interdependency and lead to integration of the economies of the concerned countries with attendant benefits to all. From an individual country or a business point of view, globalisation is also a matter of strategy in the overall process described above. This strategy is best defined as the attempt to reap the highest benefits from out of the natural endowments of a country / business – be it in terms of raw materials, technology, skilled manpower etc. and reach the world markets with greater competitiveness. Viewed from this perspective, the term globalisation defines both a threat and an opportunity; a threat if a dominant economy or a business house commands...
4 Pages(1000 words)Essay

Globalisation:

...GLOBALIZATION AND INEQUALITY Introduction The paper will seek to determine whether the increased social and economic inequalities can be attributed to globalization. While globalization has enhanced economic development in many counties, inequality remains a major social phenomenon. The paper will seek to address these inequalities and indicate whether they are caused by globalization. The position of the paper is that despite the discontents of globalization such as unfavourable competition between the local and international firms, there is no direct link with inequality. Statistics from the International Monetary Fund (IMF) indicates that through globalization, GDP of many countries has been on the increase. Globalization has... AND...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Globalisation for FREE!

Contact Us