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

Globalization: Effects on Economy, Immigration, and Technology - Essay Example

Comments (0) Cite this document
Summary
The concept of globalization greatly contributes to effective and rapid circulation of ideas, languages, and cultural ideologies. With intent to enhance foreign investment and cross-border trade for international business expansion nations have liberalized cross border trade regulations. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Globalization: Effects on Economy, Immigration, and Technology
Read TextPreview

Extract of sample "Globalization: Effects on Economy, Immigration, and Technology"

Download file to see previous pages The emergence of globalization can be directly attributed to the World War I & II and their serious aftereffects which raised serious ethical issues across the globe. On the basis of numerous studies, economists realized that the concept of globalization would contribute to the rapid economic restructuring of the global economic condition. In addition to the economic benefits, nations could improve their political as well technological relations globally. The last few years have proved that globalization can benefit developing countries more in achieving rapid economic growth. To be more specific, despite the possible socio-economic adverse impacts, the concept of globalization stimulates the advancement of nations’ economic stature. This paper will explore various aspects of globalization with regard to economy, immigration, and technology globally.
Impacts of globalization on economies
Before the emergence of globalization, developing and underdeveloped countries had little access to developed markets and improved technology. This condition negatively affected the economic growth and thereby living standards of underdeveloped economies. However, since globalization, the global economic environment has undergone tremendous changes....
Often, foreign markets benefit an organization rather than domestic markets when a potential offshore country offers favorable business conditions including cheap raw materials, labor, liberal government laws, and large number of potential customers. For instance, Starbucks Coffee Company transplanted its business operation from the United States to China and other parts of the globe. The emergence of a global financial market is the direct impact of globalization, which assisted the borrowers to get better access to external financing. This external financial assistance assists the organizations to expand globally. In addition, the global interconnectedness helps nations to attract more and more investors to complete their capital accumulation process successfully. This favorable economic environment increases the volume of national and international trade transactions which would in turn boost the rapid economic development of a country. As per statistical data, “everyday more than $1.5 trillion is swapped in the world’s currency markets and around one fifth of products and services generated per year are bought and sold.” (Benefits of Globalization). Evidently the economic development of a country raises the standard of living of its citizens. The improving unemployment rates in third world countries can also be clearly referred to the fruitful impact of the globalization. The rise in people’s living standard would assist the nations to concentrate more on economic development. In the opinion of Arnold (2008, p.300), other fascinating feature of the globalization is that it can keep inflation level lower. The higher inflation rate in a country will cause dreadful issues and ultimately it ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalization: Effects on Economy, Immigration, and Technology Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1423411-globalization-effects-on-economy-immigration-and-technology
(Globalization: Effects on Economy, Immigration, and Technology Essay)
https://studentshare.org/macro-microeconomics/1423411-globalization-effects-on-economy-immigration-and-technology.
“Globalization: Effects on Economy, Immigration, and Technology Essay”, n.d. https://studentshare.org/macro-microeconomics/1423411-globalization-effects-on-economy-immigration-and-technology.
  • Cited: 1 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Globalization: Effects on Economy, Immigration, and Technology

Dental Veneers as a Breakthrough in Modern Dental Technology

In today’s fashion-conscious world, porcelain and composite veneers remain some of the most popular choices for people seeking to improve the esthetics of their teeth. Porcelain veneers have several advantages when compared to composite veneers including durability, resistance to staining, and amount of tooth structure removed during the procedure.
First and foremost, the porcelain veneers are very durable. They are also very thin – usually between 0.5 - 0.7 millimeters – and brittle, although once bonded to a healthy tooth structure they can become quite strong. The bonding process increases durability and veneers made of porcelain can last for many years, oftentimes between 10-15 years depending on how wel...
8 Pages(2000 words)Term Paper

Globalization and International Business: Starbucks Corporation

The Small Business Encyclopedia defines globalization as the process by which the economies of countries around the world become increasingly integrated over time. This integration occurs as technological advances expedite the trade of goods and services, the flow of capital, and the migration of people across international borders (globalization, Answers.com).
The shreds of evidence of globalization are all around us. For example, Hill (2005) cites an example of an American driving a car designed and produced in Germany that was assembled in Mexico from components made in Japan fabricated by Korean steel and Malaysian rubber. The car is filled with gasoline from oil pumped from off the coast of Africa, at a service station o...
12 Pages(3000 words)Case Study

The Globalization Policies in Different Countries

Most of the countries are still confused about the extent up to which foreign participation can be allowed. Everybody has the opinion that international trade can help the development of the economy and infrastructure in a country. Critiques of foreign participation argue that the big foreign retailers will exploit the wealth of a country and the small scale industries of a country will be destroyed by allowing the entry of foreign business tycoons and MNC’s. It is interesting to analyze the pros and cons of international trade.
From the above light green curve, it is clear that international trade has increased gradually from 1994 till 1997. In 1998 through international trade in this region had decreased a bit, it aga...
6 Pages(1500 words)Coursework

Globalization and Protectionism in Our Century

The result is that jobs are lost as employment trends shift overseas. Seeking to explore the present international economic situation with an eye to the main theoretical approaches to the globalization phenomenon, different theoretical paradigms will be analyzed. Mexico, a developing country in the Western Hemisphere and member of the North American Free Trade Agreement (NAFTA), will be used as a case study to explore the ramifications of realist-inspired neoliberalism and the effects of globalization on a country in the developing world.
Globalization, as it exists today, rests largely on the shoulders of neoliberal economics and the global entrenchment of capitalism as the dominant economic system in the world. Inspired by...
6 Pages(1500 words)Case Study

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages(5000 words)Literature review

Info-Point: Marketing of New Touch Screen Information Technology

The development of the new Info-Point technology, a stand-alone information module designed to offer the public information on tourism, local shopping, weather, and transportation, has created the opportunity to successfully market these information technologies to different UK cities. The entire marketing concept is to establish self-service information centers that offer a wide variety of regional information, utilizing an easy-to-use touch screen methodology to cater to a broad mass market of consumers. 

Touch screen interface systems are becoming more and more common in the UK and abroad. During a pilot experiment using touch screen information technology, the automotive manufacturer Lexus piloted an informatio...
10 Pages(2500 words)Report

Organisations in the Engineering and Technology Environment: Singapore Airlines

In those days, just three flights per week, to Kuala Lumpur, Ipoh, and Penang, were all that the people in Singapore were privileged to. There were very fast developments in the situation in a span of two decades. During this period, Singapore’s Kallang Airport gained international exposure and started making huge additions to its fleet. Soon after the birth of the Federation of Malaysia on February 1963, the Malayan Airlines came to be known as the Malaysian Airlines, and in 1966, it was renamed the Malaysian-Singapore Airlines. But, in 1972, fifteen years from the day it was founded, Singapore Airlines split up with Malaysian Airlines and acquired a separate identity.
This split, however, helped the airlines to take i...
10 Pages(2500 words)Case Study

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages(2000 words)Coursework

Effects of the United States of America Troops in South Korea

Despite the few negative incidences of crime committed by the United States of America’s security troops that were deployed in the country on a peacekeeping mission.
Since the war in Korea began in the early nineteen fifties, the United States has stationed tens of thousands of soldiers, mostly the United States’ army personnel, in South Korea. Through the assistance of the South Korean troops and other neighboring governments, the American troops have been able to guard and offer maximum security to South Korean people. In line with the argument of James (2003), ‘most of the military bases in South Korea are relatively isolated’ thus the need for much attention from the troops so as to ensure maximum...
10 Pages(2500 words)Assignment

Globalization and World Economic Forum at Davos 2010

The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment, and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and academia. Some markets are highly globalized, while some are not. The scale of market globalization is determined by the extent of globalization of customers, customer needs, distribution channels and marketing strategies of the players in the industry (Stonehouse et al, 2004).

The phenomenon of globalization of markets has resulted in both advantages and disadvantages. It has resulted in the convergence in the requirement of features in a product and augmentation of the intensity of B2B and B2C communica...
7 Pages(1750 words)Coursework
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 Globalization: Effects on Economy, Immigration, and Technology for FREE!

Contact Us