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Globalization - Research Paper Example

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Globalization Name: Tutor: Course: Institution: Date: Table of Contents Introduction 1 Arguments Supporting Globalization 2 Arguments against Globalization 3 Conclusion 4 References 5 Globalization Introduction Globalization refers to the process of integrating the regional societies, economics and cultures through a global network of ideas related to politics, transportation, communication and trade (Bauman, 2000)…
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Download file to see previous pages... Therefore, the paper will focus on developing an argument, which is supporting globalization and against it, through identifying both advantages and disadvantages. Arguments Supporting Globalization One of the benefits related to globalization is the reduction of the cultural barriers in order to increase the effects of the global village, hence enhancing the development and different nations across the world (Held & McGrew, 2000; Crafts, 2004). Therefore, through breaking the cultural barriers, numerous nations are able to adapt to the global market and behave in a similar way with the rest of the world (Gilpin, 2000). In this case, globalization facilitates enlargement of the global market, since many nations are able to join the market at their ease. Moreover, it also creates consistency in brand image, via a process of choosing to market products or commercial operations in the global market (Germaine, 2000). The other merit of globalization relates to the new means of transport and techniques of communication that facilitates participation of customers in immediate information level of globalization (Held, McGrew, Goldblatt & Perraton, 1999). In fact, this stage of globalization is also contributing to people’s participation in international trade form anywhere in the world, hence leading to a direct influence on the world economy, which is higher than the beginning of the century (Perraton, 2001; Mussa, 2000). Moreover, the level of political and economic globalization is associated with the process of denationalization of the market, politics and legal system, thus allowing the understanding of core sense of globalization, which relates to economics (Woods, 2000; Baylis & Steve, 1997). The other advantage of globalization relates to improvement in the political status of various countries, due to the creation of opportunities for governments to compare the leadership skills with those of the other nations, or imitate the unique skills (Went, 2000). It also facilitates delocalization of businesses and activities, thus enabling the improvement of the performance. On the other hand, globalization contributes to spread of technology form one nation to the other leading to enhancement in activities of the less developed countries (Hirst & Thompson, 1999). Therefore, globalization enables nations to compare the activities and positive moves in their competitors, in areas related to adverse technological skills with an aim of improving their performance (Lechner & Boli, 2000). Arguments against Globalization Globalization has been associated with negative effects in the development of nations across the world, whereby the economic crisis affecting a country like America affects other countries (Mohammadi, 2000; Clark, 1997; Scott, 1997). This is due to changes in the process in the world since it becomes a large market; hence, a disruption on the economic status of one country, especially the most influential ones as America affects the other countries that have connections in their economic activities (Rupert, 2000; Jones, 1995). On the other hand, globalization has also contributed to an increased flow of skilled and non-skilled labor for the developed nations such as America, since the corporate in these nations seek out for cheap labor, thus causing a rise in the level of unemployment (Scheve & Slaughter, 2001). Globalization also ...Download file to see next pagesRead More
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