Is Globalization (mostly) good or (mostly) bad?
Otgonkhishig Dashravdan
Colorado Heights University
If you look at the tag on your shirt, chances are you would see that it was made in a country other than the one in which you sit right now. This international exchange is just one example of globalization, a process that has everything to do with geography.
Well what is Globalization? Globalization is a process of interaction and increased interconnectedness among people companies and governments of different nations a process driven by international trade and investment and aided by information technology. Globalization is not new. Many years ago, people and corporations had been buying from and selling to each other lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during Middle Ages. Why Globalization affect good for us?
Globalization is like a tree. All roots branches of tree connected each other. It means now all countries are interrelated each other. Therefore there are lot of advantages.
Increasing competition: one of the most visible effects is the improved quality of products due to global competition. “Customer is the king” approach to production have led to improved quality of product and services. Global competition encourages creativity and innovation and keeps prices for commodities/services in check.
Foreign trade: I have a positive outlook regarding the net effects of globalization on economic growth. Trade among nations via the use of comparative advantage promotes growth, which is attributed to a strong correlation between the openness to trade flows and the effect on economic growth and economic performance.
Spread of Culture: Culture has been defined differently people. Characterize culture is that has own personality and identify. I think Globalization effected cultural aspect of people different way. In good way example: I am Mongolia and international student in here, I am learning lot of thing from my friends.
Spread of Education: One of the most powerful effects of globalization is the spread of education. Today, I am studying at Colorado Height University from my Mongolia. We can share our education method each other. etc
I can’t say everything about advantage of globalization because there are lot of advantages. In my country (Mongolia) before 20-30 years Mongolia was a socialist country, now everything’s changing and developing rapidly. I think most of my countries people can speak 2 or more languages and we get better education, create new technology, run business with other countries etc. Globalization affect to my country good and if my country was like South Korea I can’t study in here. That is Globalization give opportunities everyone.
References
Yusuf Abdulraheem, (2010) Impact of globalization on Culture Retrieved:http://www.google.mn/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0CGEQFjAI&url=http%3A%2F%2Fwww.musero.org.ng%2Fimpact_globalization_culture.pdf&ei=scsZVMOaDcmtyATSxoKoAQ&usg=AFQjCNEnXEq9OahXcP6l9MSA8Fp6S01XHg&bvm=bv.75097201,d.aWw Nicolas Pologeorgis , How Globalization Affects Developed Countries
Retrieved: http://www.investopedia.com/articles/economics/10/globalization-developed-countries.asp
Ix medex (2012) ҮНДЭСНИЙ ЭДИЙН ЗАСГААС ДАЯАРШМАЛ ЭДИЙН ЗАСАГТ
Retrieved: http://ixmedex.top.mn/pa/53
References: Yusuf Abdulraheem, (2010) Impact of globalization on Culture Retrieved:http://www.google.mn/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0CGEQFjAI&url=http%3A%2F%2Fwww.musero.org.ng%2Fimpact_globalization_culture.pdf&ei=scsZVMOaDcmtyATSxoKoAQ&usg=AFQjCNEnXEq9OahXcP6l9MSA8Fp6S01XHg&bvm=bv.75097201,d.aWw Nicolas Pologeorgis , How Globalization Affects Developed Countries Retrieved: http://www.investopedia.com/articles/economics/10/globalization-developed-countries.asp Ix medex (2012) ҮНДЭСНИЙ ЭДИЙН ЗАСГААС ДАЯАРШМАЛ ЭДИЙН ЗАСАГТ Retrieved: http://ixmedex.top.mn/pa/53
You May Also Find These Documents Helpful
-
Globalization has invoked extensive debate over its impact and credibility, giving rise to a number of perspectives. Indeed increased globalization has prompted remarkable economic growth around the world. It has led to job opportunities in making the products that are exchanged with different countries. This has produced specialization and comparative advantage. The power of foreign competition has encouraged domestic industries to innovate and it has allowed resources to flow to their highest use as well. Further, globalization is the process that increased the link and interdependence of the world markets and businesses. It is a route of interaction and integration of the people, companies, and governments of different nations, a process motivated by international trade and investment and aided by information technology. The volume of world trade has increased due to globalization. Consequently, more jobs are being available to people and consumers all over the world are enjoying a wider selection of products made from different countries.…
- 2635 Words
- 11 Pages
Best Essays -
A. As a customer internationally in the form of I am always buying items from the United States, and having these items shipped to me in Italy it has been impacted greatly. Being able to get a certain item that a customer wants that they can get online instead of settling for a similar item that is not quite want is wanted locally gives the advantage to technology.…
- 1175 Words
- 5 Pages
Powerful Essays -
Firstly, globalization has brought about great leap forward in the economy. The world becomes interconnected and a global market is opened, also spurring competition at the same time. This is a great opportunity for companies to expand and countries to develop their economy. Globalization also raises the productivity and living standards of people in countries and let countries have more business, for example, when a country hosts an overseas company, likely, the company will need to employ quite a number of locals as their worker or labors as it is much cheaper. Therefore the hosting countries can provide more jobs for its citizens. As most people got their own jobs, they have income every month; their living standard will be improved. Corporations also start to change their focus from the local…
- 1462 Words
- 5 Pages
Good Essays -
After I read the novel “To Kill A Mockingbird”, I think that the writer want tell the people should not judges a person by first impressions, because she believes these judgments are mostly incorrect. I choose Boo Radley as a good example for that. Through several chapters, most of you would feel that he is an eccentric boy, different from other kids. He always stays at home; do not play with other Childs, and also attacked his father. The boys asking him come out to play each other, but everyone is scary. As Dill said, "We're asking him real politely to come out sometimes, and tell us what he does in there—we said we wouldn't hurt him and we'd buy him an ice cream." "You all have gone crazy, he'll kill us!" "It's my idea. I figure if he'd come out and sit a spell with us he might feel better.” (5.72-76). So Boo seems like a good question to them. Also though those sentence I can image the feeling which it head of them.…
- 379 Words
- 2 Pages
Satisfactory Essays -
Q1: Define Globalization 1.0, 2.0, 3.0 and provide a sample of the type of business data managers collected during each era.…
- 1457 Words
- 6 Pages
Good Essays -
Globalization has expanded the profits of many companies such as McDonalds, KFC, Uniqlo, H&M and so many more. Without Globalisation these companies would seize to do well in the economic world as they would be limited to one country or place and the stock that they sell would probably be a lot more expensive and harder to make and these companies get stock and parts shipped from all around the world.…
- 546 Words
- 3 Pages
Good Essays -
Globalization is the recent push toward a connection between all the countries of the world eventually creating ‘one global economy’. It is the elimination of national borders for business interaction. Globalization introduces companies to other markets around the world other than their own. It does not only come from an economic standpoint It has also allowed for awareness of the different cultures and lifestyles of people around the globe. Technological innovation has been a major force driving globalization along with trade agreements between countries. Technology has allowed for companies situated in the US can meet with the board of directors from all ten countries they are present in through video conferencing or contact them through the use of email. Innovations in travel have allowed for efficient and dependable transportation of goods such as raw materials between countries.…
- 565 Words
- 3 Pages
Good Essays -
Globalization is defined as worldwide networks of interdependence. (NYE, 255) The phenomenon itself has been around for thousands of years in different dimensions. These dimensions are environmental globalization, military globalization, social globalization and economic globalization. Economic globalization is the highlight of the 21st century globalization, but globalization has spilled-over beyond the economic sphere.…
- 1350 Words
- 5 Pages
Good Essays -
• Globalization helps in increase of demand of products. This in turn increases rate of production. Manufacturers thus, find this profitable and helps in availability of more jobs.…
- 838 Words
- 4 Pages
Satisfactory Essays -
Apart from complicated definitions of the term "globalization", the matter requires focusing on a simple explanation of this concept. Indeed, globalization is recognized as an ongoing process that accompanies with it, noticeably, certain challenges, such as a wide range of integrated communities, regional economics, and cultures, through a wide range of communication and trading.…
- 1817 Words
- 8 Pages
Best Essays -
television shrinks cultural distances. The flow of information and improvement of logistic has thus allowed companies to expand their market worldwide in a very small amount of time. It is very evident today that the impact of globalization, regardless of size, is visible in our everyday life. For example, the coffee we purchase on our way to work is a hybrid product. The coffee beans were probably cultivated in Latin America, the Espresso machine made in Europe., while paper cup the coffee was served in produced locally. Globalization has infused a certain amount of complexity in current market…
- 2021 Words
- 9 Pages
Powerful Essays -
For most of the period since World War II, globalization posted steady increases. But today, we find ourselves in an age of ambiguity. Some exult about “hyper globalization,”…
- 867 Words
- 3 Pages
Good Essays -
whether trade is good for growth in the medium term is less certain. In the case of trade, the…
- 18674 Words
- 75 Pages
Powerful Essays -
In positive aspect, globalization will provide room for greater freedom of choice for states to obtain goods and services and engage in specialization and exchange , comparative advantages in the world business, higher incomes to those employed in jobs for international labor markers, lower prices and greater availability of goods and services , opportunities to diversity risks, access to capital at lower costs, more efficient and productive allocations of resources, inward transfer…
- 3353 Words
- 14 Pages
Powerful Essays -
Globalization is a broad term that is used for an emerging global society in which economic, political, cultural and environmental events taking place in one part of the world quickly come to have significance for people of other parts of the world.…
- 1749 Words
- 7 Pages
Powerful Essays