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Globalization and Social Change - Essay Example

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The major focus of this paper is the social impacts of globalization and how it has influenced religion, poverty, education, economy and the society in general. Globalization is defined as the process in which the world has become a global village due to increased integration and interaction. …
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Globalization and Social Change
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Globalization and Social Change

Download file to see previous pages... From the research it is clear that globalization has been the backbone of the emergence and growth of a new economy, which is the global economy. Trading on the global platform has become easy and simple, with large volumes of business transactions being carried out in a single day. In contrast to the previous years when business was tedious and took ages for a single transaction to take place, today, a person can buy and sell goods without having to travel, or even leaving the comfort of their homes or offices, thanks to globalization. As the volume of business increases, competition has increased tremendously, while new products and services are being developed. The world economy is growing at a very high speed due to technological advancement. With the advent of technology, production process has revolutionized to increase volume, speed and quality of products.
This paper stresses that globalization has helped in the creation as well as the discovery of new markets. It is through globalization that firms and companies started thinking of international markets and diversification. Countries started carrying out research on international trade and its benefits to the economy. International trade came along with new cultures of consumption spread across the world creating more business. The ease of information sharing has helped many companies share information about their products and thus creating new markets and new economies in the world. ...Download file to see next pagesRead More
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