This website uses cookies to ensure you have the best experience. Learn more

Costs And Benefits Of Globalization And Localization

1160 words - 5 pages

For one to understand the costs and benefits of globalization and localization one first needs to understand what each entails. Globalization is when a country involves itself into international affairs, economically, politically or even possibly culturally. Globalization expands beyond the local boundaries of a nation and spreads into other communities throughout the world. Localization is when a country chooses not to participate in global affairs and confines itself and its people from taking part in any type of involvement with any other country. This means that this country does not participate in any economic, political or culture issues with outsiders.

In many articles addressing business today, one can read about the views toward globalization. Many feel as though globalization is the best process a business should pursue. This process of globalization offers a way in which countries can become involved with a nation for common interests. By using the globalization process, a country can learn new ways of technology. For example, the United States could involve itself with a country that mainly depends on farming for their economic stability and learns from them their enhanced techniques that our farmers could apply to make their crops grow better. In turn the U.S. could set up some kind of, trade with this agricultural country. Possibly, the U.S. could teach this country on how to make their economy stronger by becoming involved in the global free trade markets were they could make excellent profits on their produce. This way the United States and the agricultural country would both earn a great deal from this global involvement.

This leads into another advantage for globalization, trade. Some countries have immersed themselves into the trade markets of the global economy. Nations see this as a way to make money easily and effectively. By trading with one another, countries can build up there economy by producing only what is needed and not waste time and money on products that they can get from other countries that produce it faster and for less money. The global economy is a way in which counties benefit from communication with outside world.

Nations can also benefit culturally from globalization. By immersing, themselves in other cultures people gain a better sense of the world. Globalization does not just deal with the economy and business but also involves the cultural aspects as well. The world is diverse that there are many people who do not know or understand why certain ethnic groups practice or believe in certain customs and religions. With globalization people learn about these different cultures to try and understand the traditions and customs that are unlike their own. Globalization connects the world by a common thread of knowledge so we can understand one another and appreciate differences and not be sheltered from the outside world.

Sheltering its people from the world is what some nations have chosen. This...

Find Another Essay On Costs and Benefits of Globalization and Localization

Globalization Provides More Benefits Than Localization

1018 words - 4 pages -heightening processes of localization are designed to inhibit or prevent the movement of people, goods, information, norms, practices, and institutions. Considering both aspects of globalization and localization, we find that nations are more focussed on globalization than localization because things that are gained by globalization, such as wages and lower costs of living, are fundamentally important to people's lives, and things that are gained by localization, such as environmental policies, are of secondary importance. Most nations prefer globalization because, despite its many risks, the gains can greater.

The Pros and Cons of Globalization and Localization

1777 words - 7 pages constricted to narrower boundaries. Localization also highlights the original settings and inhibits the inroad of new ideas, norms, and practices. Personally, I can’t really find the benefits of localization. From my point of view, globalization is much better than localization. Like the article of "The Complexities and Contradictions of Globalization", it tells us the localization have also become increasingly significant, not least because some people

Naions Must Balance Globalization and Localization

1777 words - 7 pages International politics offers many examples of both globalization and localization. Currently, a trend from localization to globalization has been ignited by technologically advanced communication. Both globalization and localization have costs and benefits that effect a country's politics, economics, and culture. To begin, globalization is a process of nations, corporations, and individuals moving from a national level to an international

Globalization and Localization in International Politics

933 words - 4 pages products like Toyota or Mitsubishi, here in the United States. There are many benefits to Globalization. One important aspect of Globalization is that it increases international trade, which in turn increases the flow of money through the world. Businesses become more prosperous and employment more stable. This international trade also can create the element of competition. Prices may be lowered on certain goods as a result of this. Furthermore

Benefits Transfer and Social Costs

2054 words - 8 pages Appendix B. Theoretical basis for measuring social costs Because landfill disposal creates external costs to nearby residents, market failure often occurs. While benefits provided by a new landfill site are shared by all citizens, harms from a landfill (e.g., reduction in housing values) concentrate on nearby residents (Kunreuther and Kleindorfer 1986; Mitchell and Carson 1986). In order to measure the community’s social costs for each

The Sociat Costs and Benefits of a Fast Food Industry

817 words - 3 pages The Sociat Costs and Benefits of a Fast Food Industry There are many social benefits to a fast food industry. Firstly, it’s the accessibility and convenience of having the fast food restaurants – they’re located practically everywhere. The service is also fast, hence “fast food” and therefore maximizing the convenience of them to consumers. Most of the time, the products of the fast food industry are cheap, tasty

The benefits and costs of outsourcing for America

3280 words - 13 pages reality that will not go away in the near future. Although there are many positive and negative aspects of outsourcing American jobs, it should be allowed and encouraged, but more heavily taxed and done in a more appropriate, ethical manner.There are many disadvantages of outsourcing. These disadvantages are the reasons why companies should thoroughly do their research and think twice before outsourcing. Outsourcing contract failure costs can be

Benefits and Costs of Adopting a CSR Strategy

1776 words - 7 pages the laws of the countries within which it works. However, some people have different views on why corporations take social responsibility. There view is that, the corporation gets commercial benefit by raising their reputation with the society and the Government. Friedman also argues that when managers make decisions to spend the organisation's resources for social responsibility, they are raising the costs of the organisation and therefore

Costs and Benefits of a Dual Relationship in Psychology

1691 words - 7 pages One major debate for counselors or psychologists is the costs and benefits of a dual or multiple relationship between the clinician and a client. One way a multiple relationship may occur is when a clinician is holding a professional role as well as playing another role with the same person outside of the professional setting (APA, 2002). Two major types of additional relationships a clinician may be involved in with an individual(s) is a

The Benefits and Drawbacks of Globalization

1766 words - 7 pages "Globalization can be defined as the ability to produce and good or service anywhere in the world using capital, technology and components from anywhere and to sell the output anywhere and place the profits anywhere" - - Peter Jay, BBC Economics Corrospondent, 1996 "Rather than lead to economic benefits for all people, economic globalization has brought the planet to the brink of environmental catastrophe, social unrest that is

Costs and benefits of regional and international trade, and which should Canada be then pursuing?

2178 words - 9 pages The costs and benefits of international and regional trade agreements have become an especially controversial topic over the last decade with the prominence of such media-saturated terms, as, globalization. Unfortunately, this has also led to the creation of predisposed biases on issues where there has been insufficient information presented. Both regional and international trade agreements have their potentially harmful and beneficial side

Similar Essays

Costs And Benefits Of Globalization And Localization

1299 words - 5 pages The debate over globalization and localization has long been fought as whether or not to pursue an international or isolationist foreign policy. Essentially, the term globalization means an integrationist approach to policy, whereas localization refers to a fragmentational approach to foreign policy. There are many issues in this debate, but none as complex and important as that of the costs and benefits of the economy. Other issues

Costs And Benefits Of Globalization And Localization

1442 words - 6 pages development. Debates over the costs and benefits of globalization and localization are continuous and manifold, and I outline the basic arguments in this paper. It should first be said that what is essentially "good" and/or "bad" about globalization and localization is subjective. Rosenau discusses the competing views that exist on this topic, and opponents can contest the points that support these views as well. What must be kept in mind when

Costs And Benefits Of Globalization And Localization

1713 words - 7 pages days of their ancestors. Critics of globalization feel that it is more beneficial for their country to remain independent of the influence of other countries. They are not welcome to the so-called benefits that have been introduced in their country. Globalization is seen as a threat to their political system, their economy, and their country. They believe in localization. They are more concerned with what occurs within their boundaries

Both Globalization And Localization Provide Benefits

1740 words - 7 pages Just as McDonald's restaurants can be found in most major world cities, other cultures have made their way into the lives of Americans. While driving down streets is any major city one is bombarded by a variety of culturally diverse restaurants including Chinese, Japanese, Indian and Italian. This is a simple example of globalization, the movement and influence of ideas and cultures. Quite the opposite of globalization is localization, the