It has become an undisputed fact that the world has evolved to a new level of globalization, the transferring goods, information, ideas and services around the globe has changed at an unimaginable rate.
This process, known under the name of financial globalization allows companies better access to financing, offers investors a greater possibility of investment and thus increases the liquidity of the global economy.
A lot of capital is invested in such projects, which in turn proves fruitful to the economy of the developing nation as well.
Globalization has helped in creating international criminal courts, and international justice movements are also launched to provide justice to people at a global level.
Thus, it has ensured that people do not get discriminated with regard to country, caste, creed or sex.
With the advent of globalization, there has been an immense increase in the transportation of goods and services worldwide.
Global environmental problems like cross-boundary pollution, over-fishing in the oceans, climate change, etc., are solved by discussions and conventions.
It is claimed that globalization increases the economic prosperity of developing nations.
On the one hand, proponents of globalization say it has promoted information exchange, led to a greater understanding of other cultures, raised living standards, increased purchasing power (most especially in the west) and allowed democracy to triumph over communism.” Globalization usually takes different forms and will vary in meaning depending on the individual or grou...
There are many factors that can affect the management in globalization of business, which are the multinational corporations, the difference in cultures, ethical issue, fair trade and the managerial styles....
These ever-expanding markets have helped countries to raise capital in terms of foreign domestic investments, thus improving the economy of the country.
One of the most advantageous factors of globalization is that it fosters the generation of employment.
It is a review of two articles; the first titled “The limits of globalization in the early modern world” by De Vries(2010), while the other article is titled” could developing countries take the benefit from globalization?”by Hartungi(2006).
Thus, globalization has induced international peace and security in a big way.
Free trade is a policy in which a country does not levy taxes, duties, subsidies or quota on the import/export of goods or services from other countries.
Firstly, the article on globalization by Thomas Erikson will be discussed; where he addresses that globalization is not only part of capital but part of the world, for example the interconnection of communicati...
The two articles are similar in that they highlight the negative impact of globalization on developing countries but contrast on scope of study and evolution of globalization in general....
Malcolm Waters, in his book– ‘Globalization’ writes that “Globalization is a social process in which the constraints of geography on economic, political, social and cultural arrangements recede, in which people become increasingly aware that they are receding and in which people act acco...
Globalization is making the world becoming a "global village" and the result is Arab communities cultural traditions are changing and are threaten to be lost .
Even though various researches stated that there are negative effects of globalization for particular reasons, the positive impacts were clearly shown to be stronger especially in developing countries such as Cambodia.