GLOBALIZATON INTRODUCTION
Globalization can be defined as the internationalization of everything related to different countries [internationalization however, is a contrasted phenomenon to that of globalization].The worldwide movement towards economic, financial, trade & communication integration), thereby increasing the interconnection of the world.it has had the effect of markedly increasing international trade and cultural exchange. Also a big part of globalization are the TNCs (Transnational corporation).there are many companies that operate in more than one country, they are often very large brands. Some examples of these are: NIKE, NESTLE, LOREAL PARIS, COCA-COLA, KFC, MC DONALD’S, ETC . I …show more content…
However we cannot denial the advantages of globalization such as increased wealth, rise of political philosophies ,better quality of life, availability of foreign goods ,free trade or movement of capital, eradicates cultural barriers, reduction of wars, quality of products, communication, transportation, international trades, etc. However it has some of the disadvantages such as the rich get richer while the poor get poorer,socil injustics which affect the environment, poor living and working conditions,rich countries can act with less accountability,deadly diseases are spreading due to those who travel to remote areas of the world, it can increase spread of communication diseases, companies face much greater competition this can put smaller companies, at a disadvantage as they do not have recourses to compete at global scale. To reducing the impact of negative sides of globalization is the main target of modern scientists.On the whole we can say that globalization provide many advantages when compare to its disadvantages and it help us to live a better quality of life(standardized life) many
Globalization can be defined as the internationalization of everything related to different countries [internationalization however, is a contrasted phenomenon to that of globalization].The worldwide movement towards economic, financial, trade & communication integration), thereby increasing the interconnection of the world.it has had the effect of markedly increasing international trade and cultural exchange. Also a big part of globalization are the TNCs (Transnational corporation).there are many companies that operate in more than one country, they are often very large brands. Some examples of these are: NIKE, NESTLE, LOREAL PARIS, COCA-COLA, KFC, MC DONALD’S, ETC . I …show more content…
However we cannot denial the advantages of globalization such as increased wealth, rise of political philosophies ,better quality of life, availability of foreign goods ,free trade or movement of capital, eradicates cultural barriers, reduction of wars, quality of products, communication, transportation, international trades, etc. However it has some of the disadvantages such as the rich get richer while the poor get poorer,socil injustics which affect the environment, poor living and working conditions,rich countries can act with less accountability,deadly diseases are spreading due to those who travel to remote areas of the world, it can increase spread of communication diseases, companies face much greater competition this can put smaller companies, at a disadvantage as they do not have recourses to compete at global scale. To reducing the impact of negative sides of globalization is the main target of modern scientists.On the whole we can say that globalization provide many advantages when compare to its disadvantages and it help us to live a better quality of life(standardized life) many