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Globalization Essay

1250 words - 5 pages

Globalization Essay

Globalization is a concept that in theory serves to break down borders, creating a more unified economic and social community. It is a not a new concept, and has been in the works since at least the latter part of the 20th century. It is debatable as to whether everyone truly benefits from its implementation, however there are undeniable positive outcomes from a global community. There are many factors that have helped contribute to globalization, including education, profit seeking, tech advances, and trade, however there are also many barriers stopping it from realizing its full potential like religion, lack of technology, poor education or educational barriers, ...view middle of the document...

Transportation technology, and of course the internet are also huge in helping destroy barriers. What once may have taken months, can now be completed in days. As we specify globalization from a business standpoint, it’s no surprise that profit seeking is one of the major contributors to the will of those nations. Markets fluctuate and sometimes other cultures or people would be better consumers. An example that I recall in this case, is when the financial crisis hit here in America, many people decided to invest in foreign markets. A struggling American economy meant fewer dollars to spend, in the average American pocket. However there was opportunity outside of our nation, and without boundaries that existed in the past, American’s were able to sustain profit elsewhere. But it doesn’t take struggle to realize that doing business globally, could increase sales, and therefore profit. Another cause of globalization, especially in the early days, is that other countries had products that people outside of that location, could not obtain. There was motivation to advance the global process, in order to reap the benefits of trade. Trade also plays a role, because the traveling and trading between nations, allowed them to become more aware of each other, and thus more communicative. Some of the same things that serve to increase globalization also hinder it. Technology is great, if you have it. But if you don’t, you are on the outside looking in. Various religions tend to limit the ability for certain communities to interact. An example given class, is that if you are a country with a female foreign trade ambassador, how do you work with a country whose religious belief do not allow them to view females in that role? This creates more barriers than it breaks down, thus hindering the full advancement of globalization.
What does globalization truly mean for the common person or an aspiring nation? That question can be answered in a number of directions. The impact would ultimately be unique to each person and or country, so its hard to pinpoint exactly what the affect would be. Overall I believe globalization to be for the greater good of the world. I view it as almost a necessity in order for the world to work in harmony, rather that at odds. I truly believe that the overall positive outweighs the few and far between negatives. For example, when countries compete, prices would fall. One huge advantage for the little guys, is that poorer countries are given the chance to advance themselves educationally, technologically, economically and thus increase the standard of living for its people. Some will argue though, that it has basically allowed the rich countries to further stuff their pockets, while the poor countries continue to get...

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