In this modern world, every day Globalization is present in the news television, or radio, read it in the newspapers, overhear others discussing it and, the term "globalization" appears to have a different connotation in each situation. So, what is the definition of globalization?
Globalization has an essential role in every aspect of life. It helps the development of countries with better goods and products and facilities that will benefit the country. Globalization is about the interconnectedness of people and businesses across the world. The world connects it economically, socially, culturally, and politically. Globalization as it is used in this contemporary world, various technological advances increased the interaction across the world. It can help to easily move and communicate with other countries around the world, to be able to conduct business and distribute goods and services internationally. People can easily switch goods and products around the world by making high-quality products. It can help develop Globalization. Also, it can make an impact negative and positive on the country worldwide.
Due to Globalization, there will be an improvement and development in transportation, products, resources, economic growth, communication of countries worldwide. The effects of it can be hard, especially for ordinary people. It will affect their access to goods and the ability to move and travel to other countries. Also, globalization can make an impact on communities, it affects the one who lives, where do they work, and the ability to travel in another country. It may have changed and developed local cultures in a society. Three types of globalization impact one another, political, cultural, and economic. Political can affect culture by the ability of people to communicate, interact, move, and access better transportation around the world. While economic globalization can affect cultures by importing goods, resources, services, and other products that expose every individual to cultures. In this pandemic situation, globalization occurs as different countries communicate with one another to work together to produce and develop vaccines to protect and prevent individuals from COVID 19 Virus. The benefits of globalization in countries around the world. It helps to solve the economic problems for the country that needs and wants to access resources at a lower cost especially, the rich countries. The poorer countries can access jobs and funds that need to be developed. The benefit of economic growth can promote free trade can help makes companies competitive and create jobs that lower prices for clients. Also, it promotes the understanding of shared cultures as it increases the ability to experience, interact with new cultures, and travel for better cooperation.
Globalization is a long-running trend that is altering and maybe slowing down. Globalization's promotion of more open borders and free commerce has both positive and harmful impacts. Individuals, businesses, and countries must evaluate both sides of the globalization issue in today's post-pandemic world. Learning how businesses are redesigning global supply networks to avoid disruption and maximize globalization's benefits. Globalization can aid development by facilitating trade by creating chances for improved salaries and living standards increased economic cooperation across borders.
As a result, richer countries have benefited more from globalization over time such communication resulting in a development gap between countries that are both developed and developing. This gap has widened due to the ongoing injustice in this connection. To deal with the situation, Globalization has accelerated cross-border economic engagement, which necessitates overcoming unfairness and closing the developmental gap, regulations needed.
REFERENCES:
Lutkevich, B. (2021, July 15). What is globalization? globalization explained. Retrieved from .............https://www.techtarget.com/searchcio/definition/globalization#:~:text=Why%20is%20glo...............balization%20important%3F,natural%20resources%20and%20labor%20markets.
Essay on the importance of Globalization. (n.d.). Retrieved from .............https://www.ipl.org/essay/Globalisation-The-Important-Role-And-Importance-Of- .............PK8D5S74SJF6#:~:text=Globalization%20involves%20the%20increasing%20interconnec.............tion,become%20part%20of%20worldwide%20interrelatedness.
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