Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods are made and sold all over the world, thanks to globalization.
Globalization lets countries move closer to each other. People, companies and organizations in different countries can live and work together. We can exchange goods, money and ideas faster and cheaper than ever before. Modern communication and technology, like the Internet, cell phones or satellite TV help us in our daily lives.
Globalization is growing quickly. A German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization. Fast food companies open shops around the world almost every day.
Coca Cola - A symbol of globalization
History of Globalization
Globalization is not new. For thousands of years people have been trading goods and travelling across great distances. During the Middle Ages, merchants travelled along the Silk Road, which connected Europe and China.
The modern age of globalization started with the Industrial Revolution at the end of the 18th century. New machines were able to produce cheaper goods. Trains and steam-powered boats transported products farther and faster.
Since 1980, globalization has been moving at a faster pace. Today it is easier for companies to work in other countries. The Internet gives them the chance of reaching more customers around the world. Teleworkers work for firms that may be far away.
However , there is a growing debate over globalization. Governments are in favour of globalization because the economy can grow. Other people are not so sure that there are only advantages. Here are some arguments from both sides:
- Globalization lets countries do what they can do best. If, for example, you buy cheap steel from another country you don’t have to make your own steel. You can focus on computers or other things.
- Globalization gives you a larger market. You can sell more goods and make more money. You can create more jobs.
- Consumers also profit from globalization. Products become cheaper and you can get new goods more quickly.
- Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers.
- Globalization may lead to more environmental problems. A company may want to build factories in other countries because environmental laws are not as strict as they are at home. Poor countries in the Third World may have to cut down more trees so that they can sell wood to richer countries.
- Globalization can lead to financial problems . In the 1970s and 80s countries like Mexico, Thailand, Indonesia or Brazil got a lot of money from investors who hoped they could build up new businesses there. These new companies often didn’t work, so they had to close down and investors pulled out their money.
- Some of the poorest countries in the world, especially in Africa, may get even poorer. Their population is not as educated as in developed countries and they don’t have the new technology that we do.
- Human, animal and plant diseases can spread more quickly through globalization.
Many experts say that we need a different kind of globalization in our world today. There must be ways to make sure that all countries profit from the good sides of globalization. We should help poorer countries by giving them better education and showing them how new technology works.
Every year, leaders of the world’s biggest industrial countries get together to discuss economic problems. This meeting is called the G8 summit. In the last few years groups against globalization have organized protest marches and demonstrations to point out that not everyone is happy with how the world’s economy is developing.
Downloadable PDF Text- and Worksheets
- advantage = the good side of something
- age = period of history
- argument =reasons
- business = company
- cause =lead to
- cell phone = a mobile telephone
- close down = to stop producing goods
- connect = to link together
- create = make
- customer = a person who buys something
- debate = discussion
- develop =grow
- developed countries = rich , industrialized countries
- disease = illness
- distance =space
- economic =about the economy
- economy =the system of producing goods and products in a country and selling them
- educated = if you have gone to school and learned a lot
- environmental = everything that is about the air, water or land around us
- especially =above all, more than others
- exchange = to give someone something and get something else in return
- factory = building in which you produce goods
- farther =here: over greater distances
- firm = company
- focus on = concentrate on
- G8 = Group of 8 = the most important industrialized countries in the world
- goods = things that you produce and sell
- government =the people who rule a country
- however =but
- in favour of = for something
- investor = a person who gives money to a company and expects to get more money in return
- law = rules that a country has
- lead to =cause
- leader = the most powerful person of a country
- make sure = to check that something has been done
- merchant = someone who buys and sells goods
- pace = speed
- point out = to show
- produce = make
- pull out = take out
- reach = get to
- Silk Road = an old route on which silk was carried from Europe to Central Asia
- spread =to move from one place to another
- steam—powered =run by a steam engine ; power is produced by making water hot so that it turns into a gas
- steel = a strong metal that you can form
- strict =exact
- summit = meeting for powerful leaders of a country
- teleworker = someone who works from home and uses a computer, telephone etc..
- trade = to buy and sell goods
- unemployment = if you don’t have a job
Advantages and Disadvantages Of Globalization Essay, Note, Paragraph,Speech , Importance
- Essay On Globalization
- Advantages Of Globalization
- Disadvantages Of Globalization
- Importance of Globalization
- Advantages and Disadvantages
What is Globalization ? Advantages – Disadvantages
Globalization as described in Wikipedia is a system of international integration that often arises from the interchange of world products, views, ideas and some aspects of culture. It is a process in which there is a mutual interaction of countries interested in each other for cultural, trade related or any other such exchanges. It is a system of unification of ideas and unification of people guided by a profit factor.
Advantages Of Globalization
Globalization has been a continuous phenomenon. The history of mankind is a proof to the fact that from the ancient times itself people from different places have come together for trade, cultural exchanges and also ideas. Globalization, Industrialization and modernization are three phenomena that go together. After discovery of unknown lands when people came to know of existence of civilizations completely different from each other, they soon became curious and thus negotiated with each other for profitable interactions between them. In this way many commodities like spices, textiles, fruits or vegetables which were not available in their own places, now became available. Scholars from different places have travelled to India too and thus playing an important role in popularizing the Indian Manuscripts or even medicinal systems like Ayurveda in other places. Similarly countries rich in technology depended on countries rich in natural resources for raw materials. Machine produced goods became popular because they were cheap. In this way, slowly there was inception of technological advancement in the less developed areas too. Railways, communication lines, transportations improved over time. Distance and gap of communication between countries decreased and thus at the time of need it was possible to provide help each other. Death due to famines also lessened because of ease of transportation of food grains. Thus rapid growth of everything brought the whole picture of the present into its form.
Merits,Advantages Of Globalization
Globalization Advantages creates competition between foreign companies and thus there is pressure on them to improve quality and structure for more consumer interest and sale. The prices get cheaper too. Education quality has also become a need of the hour and thus literacy rate have also increased. Communication has improved with progress in internet and media. Foreign companies setting up their institutes open up job opportunities for the host country.
Disadvantages Of Globalization Demerits
However there are negative effects too. If we take the example of India, our Local industries suffer because of people showing more interests in imported goods. Our ayurvedic, homeopathic system of medicines are very less adopted by maximum Indians. There is a loss of culture. Westernization of culture in India is not exactly fitting with the landscape and it creates problems at times. Our own culture has to be preserved and protected first. Globalization of diseases also occurs as people migrate or travel to different places. Not to forget the degradation caused to the environment by rapid growth of industries and also in building concrete sceneries of cities. The natural habitat is no more a pristine one. Both human and wildlife faces interferences from each other. Because of narrowing of boundaries between jungles and human habitat, lot of times animals are seen walking in places where human live.
Conclusion Globalization Advantages , Disadvantage, Essay, Importance
Thus overall we need to create a balance between what is being gained through globalization and also keep the dark side in the dark.
Advantages and Disadvantages of Globalization
Merits and Demerits of Globalization
Globalization is a major part of development. It is a system or an organization that operates on an international scale. This may include advancement in transport and communication, a rise in the telecommunication infrastructure and the growth of world’s economies and culture.
Today, let us take a look on the advantages and disadvantages of globalization in the world.
Advantages of Globalization | Benefits of Globalization
- The advancements in science and technology allowed business to easily cross the boundaries of the territories. Due to this, various companies have been able to turn into multinational companies and have increased productivity and raised the standard of living as well as improved the qualities of the goods produced.
- Several companies have been able to spread from national to international spree and have opened various branches in several foreign countries.
- Globalization has helped the underdeveloped countries to step in the stair of developing countries and the less developed countries has been able to develop more by measuring their diversities.
- Due to globalization, a growth in the field of education has taken place worldwide. There are places where there were no schools or other educational facilities. But today, globalization has helped these countries to shed their backwardness in terms of literacy.
- Globalization also enabled the increase in employment opportunities and also have stressed onto the distribution of equal wages among the labours.
- It has also enabled selling of goods at cheaper rates due to a large competition in the market.
- Communication today is widespread and is improving day by day extending the boundaries.
- Social engagement of people have increased due to globalization. People have become more open towards one another.
- Barren lands have been used to build up infrastructure which are actually not suitable for agriculture.
Disadvantages of Globalization | Demerits of Globalization
- The multinational companies have been socially unfair. Labours are made to work for more hours illegally for more production and paid less.
- Globalization has made the rich richer and the poor, poorer. The middle class suffer the most in the process. Globalization itself is a phenomena that is developing countries, but it does not reduce poverty.
- Misuse and mismanagement of natural resources is another drawback of globalization.
- The dominance of powerful nations over the poor ones also exists. Thus the still existing underdeveloped countries suffer.
- Growth of trade deficit and balance of payment problems takes place due to more imports than exports. This is a result of globalization.
- Globalization involves greater use of technology day by day so a time may come when there will be large unemployment problems as labourers will be replaced and are being replaced by automated machines which work faster and produce more.
- Villages are being removed and the poor suffer loss of shelter. The system of globalization does not promote anything for the betterment of the poor.
- Culture is being neglected in the process of globalization. Theatres and cultural stadiums are replaced by malls and offices.
- People have to forcefully accept the changes of their environment and bear the uncertainties of structural readjustments.
- Greenery is almost lost due to the upbringing of globalization.
- Private sectors are more benefited than the public sectors.
Conclusion on Pros and Cons of Globalization
To conclude that globalization is a developing process but sometimes it may or may not favor all the factors that leads to overall development of the world. Equal opportunities should be provided in every sector and should be functioned with cooperation.