Preview

Globalization Adventages and Disadventages

Good Essays
Open Document
Open Document
1676 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Globalization Adventages and Disadventages
1.
Globalization advantages and disadvantages.
When talking about advantages and disadvantages of globalization, it is very much depend people see it, where people see it from, or what interest party people represent? Therefore, the answer to the globalization could be very different, and some feature of globalization could be both advantages and disadvantages. The answer below will be taken various different of view to look at globalization. Advantages of Globalization: * The availability of diverse commodity and goods.
The very beginning of the globalization could be pursuing back to early 14 century, when Columbus took his first voyage. After that, as the development of the sea travel, people in different continent become connected, and they often bring goods or commodity from the country of their origin to the destination country for exchange or living purposes, therefore, their behaviours made the goods and commodity which from different part of the world become available for people living in another country, such as: Plant, meat, vegetable, material and etc, all been exchanged through globalization process. * Outsource, the availability of human resource.
Since the beginning of globalization, people were tried to find the appropriated location to fill their production needs. One very important factor in production is human resource. Any manufacturer and company are looking for cheap labor with appropriated skillset to make their product competitive. However, when they facing high labor cost in their local area or country, in order to make their product price cheaper than others, they will try to relocate their factory to country where labor cost is low. China, India, Brazil, and Turkey are good example for cheap labor cost, and they are also the countries which have a lot of manufacturer factory from all around the world. * Incentive and encourage of innovation.
As more and more country been connected together, people have wider vision

You May Also Find These Documents Helpful

  • Good Essays

    Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.…

    • 805 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Merriam-Webster (2013) defines globalization as “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (n.p.). Globalization did not start with just the economy. The ideas of globalization can be traced essentially back to the origins of man when they began to move from equatorial Africa. Next were the Europeans trading for silk and spices with the Far East, eventually leading to the discovery of the Americas by Christopher Columbus traveling to the West in an effort to find a shorter route to their foreign trade partners. Modern day globalization began to come about after World War II. This was mainly due to countries such as Sri Lanka, India, and some in South America gaining independence and establishing their own trade relations with the rest of the world as they now had their own economy. With increased global economies, came the United Nations (UN) and the World Trade Organization (WTO) which was established to aid in settling commercial and trade disputes. So while seen as something relatively modern in our age, globalization can be traced to the beginning of time and has continued to evolve over the centuries (Larchi,…

    • 1702 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Globalization came about as countries saw that other countries could produce products better and cheaper than another country could (comparative advantage), so countries began producing what they had an advantage in and selling it to other countries. This trading of products became an accepted practice and eventually spurred economic growth. This caused countries and businesses to begin operating in…

    • 1566 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Globalisation of Nike

    • 1454 Words
    • 5 Pages

    The advantages and disadvantages of globalisation have been debated and studied heavily in recent years. Some economists of globalisation say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalisation say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labour is much cheaper. Here are some examples of both advantages and disadvantages of globalisation.…

    • 1454 Words
    • 5 Pages
    Better Essays
  • Good Essays

    We agree to a large extent to the statement, "The benefits of globalization outweigh its cost." Even though there are some disadvantages in the process of globalization, but the benefits that the world receive far outweighs the costs of it. We have to look at the bigger picture to see that globalization has accelerated the advancement of the world and brought us lots of advantages, and its role will continue to be important in the future evolution of the world. We will examine this in four aspects, economically, environmentally, socially and politically.…

    • 1462 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Globalization can be traced back to the ancient world from the beginning of civilizations to today’s modern age. Trade between cultures, migration from one area to another and intercultural contact (shared knowledge of technology, religion, etc.) have existed for thousands of years. These occurrences prove that many areas of the world were and still are involved in a global network. Globalization describes the process by which different parts of the globe become interconnected by economic, social, cultural, and political means (Hutchinson Encyclopaedia). The concept of globalization is especially broad in the sense that it refers to so many aspects of the world including networks of communication, transportation and trade within diverse regional economies, societies and culture. Global recent advancements in these particular areas have accelerated the growth of international capitalism.…

    • 1929 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The earliest globalization appeared in the mid 1800s. Britain was the leader who guided the world into the first industrial revolution, powered by coal and steam. Duo to the development of the transportation, like steamships and steam trains, the flowing of goods and service increased rapidly. According to John and Kenneth (2012, p. 28) the first age of globalization was extended from the beginning of the first industrial revolution to the 1920s. It is…

    • 1708 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    B. Social benefits as well: Greater connection throughout world has allowed things like the International Campaign to Ban Landmines and anti-globalization movement to develop…

    • 1125 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Globalization is a concept used to describe the changes in society and the economy in the world. It was created by the growth of linkages and exchanges between countries, organizations, or individuals in the cultural, economic, and social on a global scale. Nature of globalization is the extended the market beyond national borders (Angus, 2009). The first wave of globalization is from 1492 to 1760. It is marked by the fact Christopher Columbus discovered the Americas and the development of colonialism in the world. The second wave of globalization is from 1760 to 1980. It is marked by the first industrial revolution in England. It confirms the dominant role of transnational corporations in the global economy. From 1980 to now, the extensive development of biotechnology, information technology, and electronics has created the third waves of globalization and narrows the gap between countries in the world (business. n.d)…

    • 1207 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    In this generation, people around the world are more connected to each other compare to before. We try to break down the isolation wall between countries and make effort to build bridges where the products, ideas, and belief can cross the borders. Information flows on the Internet shared by people in different countries. Using the Division of Labor produce the different parts of the good in different country to reduce the cost. At the same time, goods are available in all parts of the world. International travel and studying abroad become more frequent and easier. Globalization is also the puppeteer of countries’ economic. Before making any conclusion, let’s talk about the pros and cons of globalization.…

    • 672 Words
    • 3 Pages
    Good Essays
  • Good Essays

    For an origin of Globalization, I mean a fix day or date, Friedman described it better. According to him, Globalization started when Columbus in 1492 traveled to a new country(America) and set trade and economic actives between old world and new world.…

    • 952 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Sas Case Studies

    • 454 Words
    • 2 Pages

    libname bas "E:\regression"; run; proc import datafile ="E:\regression\pizza.csv" out = bas.pizza dbms= csv replace; run;…

    • 454 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Thomas L. Friedman divides the history of globalization into three periods: Globalization 1 (1492–1800), Globalization 2 (1800–2000) and Globalization 3 (2000–present). He states that Globalization 1 involved the globalization of countries, Globalization 2 involved the globalization of companies and Globalization 3 involves the globalization of individuals. Even as early as the Prehistoric period, the roots of modern globalization could be found. Territorial expansion by our ancestors to all five continents was a critical component in establishing globalization. The development of agriculture furthered globalization by converting the vast majority of the world's population into a settled lifestyle. However, globalization failed to accelerate due to lack of long distance interaction and technology. The contemporary process of globalization likely occurred around the middle of the 19th century as increased capital and labor mobility coupled with decreased transport costs led to a smaller world.…

    • 611 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Globalization is nothing new, it happened in our human history before. The world before 16th century is largely a separated one, in terms of the lack of interdependence of each of the nation. However with the Dual Revolution, human beings begin to harness the power of science and the transportation technology had greatly advanced. The consequent colonization is the first massive form of globalization in our human history. Now, almost 400 years later, the connectivity is increasing at an incredible pace. Mobile phones, emails, internet, satellite, they all have penetrated into our everyday lives. Imagine…

    • 1662 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Lancome Secondary Research

    • 1270 Words
    • 5 Pages

    The aim of this report is to compare china’s travel retail behavior of students with the rest of the world. This will help us explore the various similarities and differences between countries with various cultures and travel industries. It is very necessary to understand the decision making process of the students in order to understand their travel behavior. Various desires and needs and range of personal , social and market factors influence their decisions.…

    • 1270 Words
    • 5 Pages
    Best Essays