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An Objective Argument that Justifies Globalization - Term Paper Example

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The following paper under the title 'An Objective Argument that Justifies Globalization' focuses on globalization which is a process that first began in the 1950s as a mechanism of integrating the world across ideas, technology, finances, trade, and culture. …
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An Objective Argument that Justifies Globalization
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Download file to see previous pages The development and proper framework on globalization came out clearly through the establishment of international monetary funds that came up with four categorizations of globalization concepts. These included investments and capital movement, the transaction of trades, people’s migration and transfers of knowledge. It helped push the agenda of globalization of moving goods, capital and services across national boundaries into other territories (Bakari, n.d).
This paper aims to discuss globalization with a critical evaluation of its benefits and demerits across the various sectors of global operations. It aims to give an objective argument that justifies globalization and its processes as well as offers a gloom scenario caused by globalization that never clearly gets discussed. The paper will then give an author's viewpoint on the topic of globalization and a conclusion highlighting the general coverage of the topic.
Financial and economic integrations around the world come with a number of benefits to the world. Through these approaches, there came an existence free trade across the globe, a strong financial institution such as World Banks, IMF. Additionally, most countries came in positions to establish financial institutions and formulate effective macroeconomic policies in their countries. Through globalization, investment opportunities came out with firms and countries engaging in foreign direct investment. Furthermore, financial globalization brought about the existence of a market economy for goods coming from across the world (Bakari, n.d).
It is evident that as countries globalize and discard traditional market barriers, citizens live improved in addition to access to diverse goods and services, stable prices, more job opportunities and improved standards of living. These continue to change the overall living conditions of populations living in developing economies. Globalization of world trading markets continues to promote market efficiencies resulting in better competition, division, and specialization in labor. ...Download file to see next pagesRead More
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