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What do you understand by globalisation Discuss who- if anybody, is benefiting from different aspects - Essay Example

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Globalization is the process by which people; businesses and government integrate and interacts with other nations across the globe as a result of information technology, investment and international trade activities (Dator, 2006, p. 8). Globalization impacts political…
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What do you understand by globalisation Discuss who- if anybody, is benefiting from different aspects

Download file to see previous pages... The policy changes have opened up borders domestically and internationally hence facilitating the movements of goods and services and causing massive migration across the globe (Johnson, 2002, 428). Many nations have adopted free-market economies thus expanding investment and trading opportunities, as well as expansion of production potential.
The advancement in technology is the main driver of globalization and is making people develop the capacity for making informed decisions (Intriligator, 2003, p. 3). The use of information technology and the use of internet have increased the interactions of people through use of mobile phones and the use of social media such as facebook, twitter, YouTube and MySpace among others. The interactions of people have resulted to peace and understanding across the globe.
The interaction of people from different cultural backgrounds has improved the way people respond to various issues (Thompson, 2007, p. 1). Different people have enriched their culture by copying positive aspects of the other people’s culture thus improving their living standards. For example, the Western culture has imposed significant changes in the cultures of developing nations in a positive way. The religion of the Western communities has been accepted in the developing countries (Dator, 2006, p. 23). The building styles of the Western countries have been greatly appreciated in other communities and so on.
The governments from different nations have benefitted from globalisation because, through the movement of goods and people across nations, the governments are able to increase revenue. Globalisation has resulted to exports and imports of products across the globe (Intriligator, 2003, p. 7). The governments levy custom duties on imports thus increasing the nations’ income. The world nations are able to increase their GDP because they have the opportunity to produce products for sale in other ...Download file to see next pagesRead More
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