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Globalisation Essay

1658 words - 7 pages

AbstractGlobalization is a worldwide phenomenon where there is growth in the interconnectedness of the economies of the countries in the world. The signs of globalization can be seen from the increase in volume of international trade, the increasing number of trade agreements between countries, the growing interdependence between financial markets and more globalized workforce. More than just economic factors, globalization also has a great impact on sociocultural aspects. Globalization has helped reduce poverty in a large number of developing countries but it must be harnessed better to help the world's poorest, most marginalized countries improve the lives of their citizens and people to make their lives much better than before.As one of the most well known debated topics in the International economics business over the past few years, globalization has become the very growing integration of economies and societies around the world. Rapid growth and poverty reduction in Asian and other countries that were poor a long time ago has been a positive aspect of globalization, but globalization has also generated significant and amazing International conflict over concerns that it has increased discrimination, inequality and environmental poverty.Globalization nowadays is really fatal and important in human live. It brings chances and opportunities for so many countries, especially in their business and economic aspect. However, every case and term has its own negative side and disadvantages. By the globalization and rapid changes that are happening in this world, causing a really major pressure and desperation in environment.Conclusively, through globalization human can get both positive and negative effect of globalization. The world should be able to adapt to changes that result from globalization, but also in the same time, human have to stay true to their personal beliefs that make each of us unique.GlobalizationIn the recent years, a popular word which is always heard on the news, read in the papers and mentioned in conversations is globalization. In our world, the lives of people in different societies are becoming increasingly interconnected as they start sharing the cultural behaviours of each other, sharing traditional food, wearing the same brand of clothing and using the same brand of products. The common trend is that people from different nations tend to adopt the cultural behaviours and use the products of the more superior countries. This paper will outline the concept of globalization before going into the discussion whether globalization is inevitable or not. For each argument, drivers of the phenomenon will be explored with contemporary examples. The paper will also discuss the positives and negatives of globalization from different perspectives such as the economy, education, environment and the workforce. It is also worthwhile to discuss that these forces may or may not be controlled by the governments of world nations.What is...

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