The pros and cons of Globalization - Essay Example

Comments (0) Cite this document
Summary
It has been completely understood and discussed by theorists, researchers, practitioners, educators etc. Regardless of the popularity given to this concept a number of areas are still left to be explored about globalization. The…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
The pros and cons of Globalization
Read TextPreview

Extract of sample "The pros and cons of Globalization"

Download file to see previous pages addition a crucial debate is continuously rising on weighing the positive and negative impacts of globalization and exploring the people who are directly or indirectly influenced by the changes brought in by this concept.
Globalization is a comprehensive and broad topic and covers a huge list of important issues including economic, social, political, cultural, religious and moral etc. The definition of globalization is also defined in the light of all these perspectives. As it is defined by James Rosenau, a political scientist, as as "a label that is presently in vogue to account for peoples, activities, norms, ideas, goods, services, and currencies that are decreasingly confined to a particular geographic space and its local and established practices" (1997, p.360).
Most of the researchers bordered their research on the economic impacts of globalization. It is undoubtedly clear that globalization has impacted the overall economic situation of the current world. However, the social, political and other areas also require attention as globalization has affected the policies, education, culture and overall social structure of the states. The economic aspects of globalization are not limited to its effects on microenvironment but it has affected markets on a macro level. The microeconomic effects refer to the technological advancements and the impact at individual firm levels, whereas, the macroeconomic effects involve the collaborative analysis of markets for business purposes (Oman, 1994).
The list of positive aspects of globalization includes the excess availability of external finance. This excess amount of finance is helpful especially for the developing countries. The excess availability of excess finance from external sources is evidenced by the IMF, Direction of Trade Statistics Yearbook and World Bank, Global Development Finance, 1999. For instance the increase in capital flows is observed in the East Asia Pacific from 15.8 in 1980 to 36.3 1997. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The pros and cons of Globalization Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1561516-the-pros-and-cons-of-globalization
(The Pros and Cons of Globalization Essay Example | Topics and Well Written Essays - 3500 Words)
https://studentshare.org/miscellaneous/1561516-the-pros-and-cons-of-globalization.
“The Pros and Cons of Globalization Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/miscellaneous/1561516-the-pros-and-cons-of-globalization.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The pros and cons of Globalization

Financial pros and cons

...? Capital Budgeting decisions of Debt Financing vis-a-vis Equity Financing and Capital Expenditure [School] Number] May 26, 2015 [Instructor Name] Abstract The essay explains the key performance indicators of Superior Living Inc. and discusses the various financing options available. Further, it discusses the financial viability of a new production plant and the hurdle rates at which the project can be accepted. The essay also discusses the financial pros and cons of going public and finally recommends the financing option the company should adopt based on sound financial principles. Capital Budgeting decisions of Debt Financing vis-a-vis Equity Financing and Capital Expenditure The essay analyses the...
4 Pages(1000 words)Essay

The Pros and Cons of Globalization for India

...?The Pros and Cons of Globalization for India India is geographically located in south Asia. India is ranked seventh in terms of size in the world. Moreover, Indian population is increasing at a massive rate and it is listed number two in the world. Democratically India is a notch higher considering that it is among the first twenty nations classified with higher gross domestic product. In fact, it is listed at position eleven worldwide. Moreover, it is listed as a country with high purchasing power parity (Dyson et al 210-221). The issue of globalization has become important in the 20th and 21st centuries. Globalization takes various dimensions. Because...
3 Pages(750 words)Research Paper

Pros and Cons of Globalization

...? Pros and Cons of Globalization Contents Contents 2 Introduction 3 History and origin of globalization 4 Role of globalization is structuring economy 5 Trade 8 Women 8 Outsourcing 9 Environment 10 Technology 11 Markets and Business 14 Consumer perception and brand recognition 16 Terrorism 17 Conclusion 18 Works Cited 20 Name of the Student Name of the Professor Course Number Date Pros and Cons of Globalization Introduction Globalization cannot be regarded as a single concept which can be encompassed and defined within a time frame. It cannot be described as a process neither with a beginning or a clear end. Furthermore, it cannot be applied with certainty to all individuals across all regions. Globalization involves integration... is other...
25 Pages(6250 words)Research Paper

The Pros and Cons of Globalization

.... Whenever, if you get a chance of posting for some years in India, you may show willingness to accept your posting there to not only relish South Indian food, but make a lot of friends there, just because you have a liking for Indian movies or film songs, or for that matter Indian cuisine. Managers need to cross the boundaries of physical world truly if they want to fit the role of global as well as glocal, which means they are adept in both local and global cultural traits. They can develop cordial relations with staff in a foreign land, which will help them in leveraging more business for the company they are working. Present a Concise, Articulate, and Supported Argument of a Pro and...
7 Pages(1750 words)Essay

Pros and Cons of Globalization

...Pros and Cons of Globalization Meaning of Globalization One of the most commonly used terms in business (Waters 2001), globalization is generally defined as the substantial increase in the integration of economies of countries around the world, specifically through trade and financial flows, that results from human innovation and technological progress ("Globalization: Threat or Opportunity" 2000). With this phenomenon, trade in various countries has been liberalized and businesses as well as investment funds moved across domestic markets to the international markets ("Investopedia"). 2. Forces and Consequences of...
2 Pages(500 words)Essay

The Pros and cons of globalization

...GLOBALIZATION PROS AND CONS Globalization refers to the worldwide economical, political and cultural exchange of ideas among the s in the modern world. It is used to describe how world is becoming economically and politically one. The economic aspects of globalization include trade, investment and migration across the countries. Globalization believes that human being should have greater access to vast number of goods ranging from cheap labour in third world countries to bigger overseas investments. The two decades of 180s and 1990s the liberalization swept the world economy. The 1980s democratization changed the landscape of the business and trade and industry, connecting every country in the world through globalization... poverty and...
8 Pages(2000 words)Essay

The Pros and cons of The Globalization Process

...Does Globalization always make economic sense? Table of Contents Executive Summary With the ill effects of globalization acutely felt in some areas of the world, it might be questioned as to why any organization, nation or individual would consider encouraging its spread. Introduction With the advent of the internet and massive computing systems that are nevertheless small in physical scale, the world is becoming an ever-shrinking globe. National boundaries are becoming blurred as people in India begin working for companies in the United States and cultural groups are beginning to lose their sense of uniqueness as the world’s civilizations become more and more Westernized with the onset of full-scale...
5 Pages(1250 words)Essay

The World Wide Web

...Impact: Pros and Cons THE IMPACT OF THE WORLD WIDE WEB IN CHINA “The Web empowers individuals: they can easily reach a worldwide audience” Sendall (1997). However, statistics of its utilization in China reveal that “eighty percent of Internet uses in China use the Internet for e-mail only; language barriers between Chinese users and the largely English speaking net, connection costs, and the slow speed of the balkanized domestic Chinese network are factors which have slowed the growth of World Wide Web users in China. Accordingly, wider use of the World Wide Web and on-line databases, are constrained by higher connection costs, the language barrier, and lagging Chinese database technology. Improvements in...
1 Pages(250 words)Essay

Luma pros and cons

...English February 29, Topic: Luma pros and cons Introduction The latent spark in the style of counseling of Luma to her soccer team players is sufficient to judge the strength of her inner world. She experiences the metaphor in the struggle of life in the game of soccer being played by the refugee children, as if each kick to the ball indicates their determination to challenge the vicissitudes of life, the trials and tribulations they have undergone. Luma binds them into a team brimming with the qualities of sportsmanship. War, violence and displacement are part of the life of her team members and each one of them has the traumatic experience to reveal. She does both soccer coaching and...
2 Pages(500 words)Essay

Pros and cons

...Business- Pros and Cons The key issue related to this case is the following: which would be the best choice among the two options available, if taking into consideration the current status and the needs of the business? The criteria used for the evaluation would be: a) the local competition; b) the costs involved and c) the potential of each plan to attract new customers without limiting existing customer base. The second plan, i.e. the use of the adjacent space for opening a coffee bar, is considered as most effective if taking into consideration the criteria presented above, as also analyzed below. The pros of the chosen plan would be important: a) there are no competitors nearby; the...
1 Pages(250 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 The pros and cons of Globalization for FREE!

Contact Us