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Globalisation: small is beautiful - Essay Example

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Starting of it is imperative that one defines what true globalisation is and what is meant by the term in its literal sense and also give credit to the people initially coined the term and what are the true implications of globalisation in the contemporary world…
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Globalisation: small is beautiful
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Download file to see previous pages The term 'global village; is also being used to describe the process of Globalisation because true Globalisations unites the people of the world into a singular society by making all sorts of goals and thought processes available through out the world at one point in time and hence makes it beneficial for the people of the world because every one can gain from it simultaneously. Globalisation is usually linked with the economic aspect of a society but in reality it is not just the economy that it effects but it effects all aspects of the society for example democracy and the way that it is being promoted after the 9/11 has become a global phenomenon and people and societies in general are striving to achieve this political system so that they can be in line with the world and that is the true essence of Globalisation. The rate at which this concept has been spread is phenomenal and is one of the primary reasons that people have wanted to know more of it in the recent past. The word Globalisation itself was first used in 1981 and spread through out the world in the late 1980's and early 1900's and is still thought to be as a new field altogether. The question that needs to be answered is that why was there a need for Globalisation The answer lies in the fact that the costs that were associated with protectionism and closed societies was a very high one, not only for the societies that had the policies of protectionism but for the world on the whole because countries, just like individuals, cannot survive in pure isolation and there needs to be some sort of communication and transfer of goods and thought processes and this gave rise to Globalisation, it was mainly a western idea but the advantages associated with Globalisation have been so appealing that the rest of the world has inevitably followed but it must be kept in mind that it was not just because of the advantages but also because of the way that it was being promoted through out the world by the countries that were for the notion and since the west plays a major role in all economies of the world it was inevitable that the rest of the world followed in their footsteps. The four basic ways of measuring Globalisation is through goods and services i.e. the amount of goods exported and imported within a country for a certain amount of time, labour i.e. how many people moved from that country to go work in other countries and how many people moved in to work, the capital that was received by the country and the capital that has been invested by the country in other economies and last but not the least technology i.e. how many major innovations took place in that country and what major technologies were exported to the world and what technologies were brought in by that country from other countries for a fixed amount of time.
As mentioned above the advantages associated with Globalisation are widespread and are not only limited to the economical aspect of any society but rather it influences the political, cultural, informational and social aspect of all the societies that are associated with the concept of Globalisation . In my opinion Globalisation has been affected by a lot of variables over the past decade but there have been some very significant factors which will be discussed and explained during the course of this paper but it needs to be understood that this is a very subjective matter.

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