Globalization is renders boundaries and identity with the land less salient, which means that it allows people, goods, information, norms, practices, and institutions to move about oblivious to or despite boundaries....
For years globalization was equated with progress and economic growth and generally supported. However, in the last few years an increasing number of voices have started to criticize this phenomenon and point at several flaws and dangers associated with it. The anti-globalization movement has grown. Not only left-wing anti-capitalists oppose globalization, but conservative nationalists have recently emerged as a strong force against it. To what extent is globalization to blame for problems such as national , inequality, terrorism and cultural homogenization?
Globalization bought people from various countries together, and this is perhaps the reason that a virus from a jungle was transported to almost every country in the world.
Ideally, globalization should have resulted in creation of wealth and prosperity, but corporate greed and corrupt government has ensured that money is not distributed equally.
We have reached a stage since our evolution that discarding the concept of globalization may not be possible at all, therefore, the strategy should be to find solutions to the threats it poses to us so that we can work towards a better, fulfilling future.
So while there is a wide range of food products that are made available, it is done so at the cost of health.
Whether globalization is good or bad cannot be answered in black or white.
Everyday you hear it on the news, you read it in the newspaper, and you overhear people talking about it- and in every single instance the word globalization seems to have a different meaning.
The world shares entertainment, books, recipes and much more.
Globalization is not merely limited to exchanging food, recipes, and the like, but runs deeper in the way of bringing about a change in the attitude and thoughts of people.
There are high chances that if you ask a small time businessman whether globalization is good or bad for developing countries, he'll probably answer in the negative.
With people traveling and migrating from one place to the other, they introduce, or are introduced to varied forms of viruses.
Apart from the health concerns, there is something else that globalization has been criticized for, and it is the accusation that it has opened floodgates for restaurants and eateries which are insensitive to the religious beliefs of the host nation.
To summarize, no matter from which angle we look at globalization, whether economic, cultural or political, both the opportunities and drawbacks are numerous.
All of which has been made possible due to globalization.
Globalization makes it possible to not only export and import , but it also allows for outsourcing .
As per Block (2004), in his research paper, has defined globalization as “Intensification of world-wide social relationships which link distant localities in such a way that local happenings are shaped by distant events and, in turn, distant events are shaped by local happenings.” The IMF (2008) claims that globalization is a result of advancement in technologies and modernization of the people....
The political dimension is a newer feature of the globalization debate, as over the last 30 years there has been a rise in the influence and power of international and regional institutions such as the (EU), Organization for Economic Cooperation and Development (OECD), the United Nations (UN), the World Trade Organization (WTO), MERCOSUR in South America, and the Association for Southeast Asian Nations (ASEAN). These international and supranational actors increasingly shape domestic politics.
Globalization and unfettered capital flow, grants the United States access to foreign investment and allows the interest rates to remain low; in turn, allowing consumers to invest more in the economy....