The Advantages and Disadvantages of Globalization
The Advantages and Disadvantages of Globalization
Prepared by
Ummul Wara
November 2012
Content 1. Introduction - What is Globalization?............................................1 2. Advantages of globalization……………………………………….…2 3. Disadvantages of globalization………………………………….…..4 4. Conclusion – to globalize or not to globalize……………………….6 5. References
Introduction - What is globalization?
Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).
In simple words, globalization means barrier less trade and investment between countries all over the world. It is a free transfer of capital, goods and services across nations creating an interconnected world.
Globalization refers to the process whereby social relations acquire relatively distance less and borderless qualities, so that human lives are increasingly played out in the world as a single place. (Jan Aart Scholte)
Globalization refers to all those processes by which the peoples of the world are incorporated into a single world society, global society. (Martin Albrow)
1
The idea of globalization is not new, it is been there from centuries when people started moving out from their own country and spread around the world. Following the practice through all these years the barriers are now lowered to facilitate the exchange of goods and ideas. In modern days, globalization got a new level and became easier because of technological development and improved information technology. It helped to grow both interconnectedness and interdependence. Today globalization is “farther, faster, cheaper, and deeper. This increasing 'globalization' has enriched life but also created new problems.
Advantages of Globalization –
Globalization has many benefits, like – it can be seen
Prepared by
Ummul Wara
November 2012
Content 1. Introduction - What is Globalization?............................................1 2. Advantages of globalization……………………………………….…2 3. Disadvantages of globalization………………………………….…..4 4. Conclusion – to globalize or not to globalize……………………….6 5. References
Introduction - What is globalization?
Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).
In simple words, globalization means barrier less trade and investment between countries all over the world. It is a free transfer of capital, goods and services across nations creating an interconnected world.
Globalization refers to the process whereby social relations acquire relatively distance less and borderless qualities, so that human lives are increasingly played out in the world as a single place. (Jan Aart Scholte)
Globalization refers to all those processes by which the peoples of the world are incorporated into a single world society, global society. (Martin Albrow)
1
The idea of globalization is not new, it is been there from centuries when people started moving out from their own country and spread around the world. Following the practice through all these years the barriers are now lowered to facilitate the exchange of goods and ideas. In modern days, globalization got a new level and became easier because of technological development and improved information technology. It helped to grow both interconnectedness and interdependence. Today globalization is “farther, faster, cheaper, and deeper. This increasing 'globalization' has enriched life but also created new problems.
Advantages of Globalization –
Globalization has many benefits, like – it can be seen
References: 1. Sachs, W. (2000). Globalization and Sustainability. Berlin: Heinrich Boell Foundation. Retrieved November 4, 2012, http://www.worldsummit2002.org/publications/sachsglobal.pdf 2. Fien, J. (n.d.). Globalization. Retrieved November 4, 2012, from Teaching and Learning for a Sustainable Future: http://www.unesco.org/education/tlsf/mods/theme_c/mod18.html 3. Nissanke, M. (2010). The Global Financial Crisis and. Vienna: UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION. Retrieved November 4, 2012, from http://www.unido.org/fileadmin/user_media/Publications/RSF_DPR/WP062009_Ebook.pdf