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    Impact of Globalisation

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    Phyoben S Odyuo
    Globalization has led to both positive and negative impacts. Positively, it has improved economies through increased trade and access to new technologies. However, it has also increased inequality and unfair distribution of resources. While globalization has connected cultures and spread new ideas, it has also threatened some national identities and traditions. Overall, globalization is a complex process that interconnects the world in many ways, for both benefits and challenges.

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    Impact of Globalisation

    Uploaded by

    Phyoben S Odyuo
    317 views3 pages
    Globalization has led to both positive and negative impacts. Positively, it has improved economies through increased trade and access to new technologies. However, it has also increased inequality and unfair distribution of resources. While globalization has connected cultures and spread new ideas, it has also threatened some national identities and traditions. Overall, globalization is a complex process that interconnects the world in many ways, for both benefits and challenges.

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    Impact of globalization

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    Globalization has led to both positive and negative impacts. Positively, it has improved economies through increased trade and access to new technologies. However, it has also increased inequality and unfair distribution of resources. While globalization has connected cultures and spread new ideas, it has also threatened some national identities and traditions. Overall, globalization is a complex process that interconnects the world in many ways, for both benefits and challenges.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    317 views3 pages

    Impact of Globalisation

    Uploaded by

    Phyoben S Odyuo
    Globalization has led to both positive and negative impacts. Positively, it has improved economies through increased trade and access to new technologies. However, it has also increased inequality and unfair distribution of resources. While globalization has connected cultures and spread new ideas, it has also threatened some national identities and traditions. Overall, globalization is a complex process that interconnects the world in many ways, for both benefits and challenges.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Globalization

    Globalization can be broadly defined as social, political and economic


    changes that we all adapt do. The strong currency rates, constructions,
    trading etc are all consequences of globalization.
    Positive Impact

    A better economy it introduces rapid development of the capital


    market

    Introducing new technologies- the new technologies and progress in


    telecommunication, introduction of satellites, mobiles etc are all
    results of globalization.

    The new scientific research patterns are all results of globalization.

    Living standards are risen.

    Globalization introduces better trade. This is because more people


    are employed. This increases productivity.

    Apart from economical aspect, globalization has also brought an


    impact on political and cultural domain.

    Culturally speaking, globalization has brought in different ideologies,


    and thought process amongst people.

    Politically speaking, onset of western democratic system has an


    impact on politics.

    Negative Impact

    Along with positive impact, there is negative too. Globalization


    brings fear as well. Because of too much flow of capital amongst
    countries, it introduces unfair and immoral distribution of income.

    Another fear is loosing national integrity. Because of too much


    exchange of trade, money etc independent domestic policies are
    lost.

    Mental pressure on companies that causes many people to loose


    their jobs.

    Globalization is a contentious process. We all live in a global world, i.e.


    growing in global or worldwide scale. Globalization brings the new era in
    the 21st century and we are interconnected through it. However
    globalization has become a very interesting part of debate among the
    students, and economists. Many of the people debate about the impacts
    of globalization and discuss the for and against conditions for it.
    Globalization conveys us that something new is happening to the world.
    Globalization leads to the interconnection between the countries of
    different culture, caste and heritage. The process leads to the updating of
    information among the people. Advancement in transportation,
    telecommunication systems, infrastructures are the major factors of
    globalization. Advancement in technology from broadband telephone lines
    to wireless mobile phones, B&W bulky television to colored LEDs, all are
    examples of globalization. It helps in improving peoples lives by making
    new products and ideas universally available. One can communicate with
    the other from a large distance in a couple of minutes. Globalization leads
    to new innovative ideas of new technology that we use today as a gift to
    human race. With improvement in transportation and communication,
    international business grew rapidly after the beginning of the 20th
    century. Globalization does not lead only to the development of rapid
    industrial growth but it also recruits growth in tourism activities.
    Globalization has made tourism a popular global leisure activity. Sports Is
    another impact of global world.
    Despite of such wonderful aspects of globalization, half of the people in
    the world criticize about the fact that globalization has brought a drastic
    change in the world. It is thought that globalization leads to cultural
    dominance and people start to get westernize in different culture lagging
    in their own heritage. The critics believe that globalization affects moving
    freely across borders in countries. Another belief is that globalization
    affects extracting natural resources leading to environmental damage.
    Critics assume that globalization causes unemployment. With a drastic
    increase in technology and development among the countries,
    globalization also leads to the spread of diseases in humans, animals and
    plants. Globalization also provides a chance to the evil society i.e.
    terrorists and criminals to attack. people are consuming more and more
    junk food to affect their health
    Thus we conclude that globalization is legal in both positive as well as

    negative aspects. Every coins has two faces. Globalization is most


    important concept in the 21st century

    There has been a huge impact of globalization.States role in policy


    matters has been reduced. Impact of globalization can be divided into-:
    Cultural Impact- There has been lot of intermingling of cultures, people of
    different countries have led to the concept of the global citizenship. Yoga
    is being practiced in US and we have fast food setup like KFC and McD's in
    south Asian countries.
    Economic impact- Globalization has led to free trade and has removed all
    the deterrent that prevented harmonious trades between countries.
    However, it has also led to the world facing recession because of the
    negligence of a few super powers. Globalization means inter dependence
    of economics.
    Political impact- Poor nations have gone poorer. People have less job
    opportunities.
    Globalization has had both positive and negative impact however it
    remains to be seen whether nations can continue such policy measures,
    with a looming debt crisis.
    http://www.elements.nb.ca/theme/globalization/emily/slide4.htm

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