Globalization is a difficult term to define because it contains so many things. In general, globalization refers to the movement toward countries joining together economically, through education, society and politics, and viewing themselves not only through their national identity but also as part of the world as a whole. Globalization is said to bring people of all nations closer together, especially through a common medium like the economy or the Internet.
In our world, it is reducing poverty worldwide, It is allowing access to technology in, It promotes world peace, It has benefited women and children’s rights and It raises life expectancy.
An increased international trade, a company operating in more than one country, there has always been a sharing of goods, services, knowledge and cultures between people and countries, but in recent years improved technologies and a reduction of barriers means the speed of exchange is much faster. Globalisation provides opportunities and challenges. Although globalisation is probably helping to create more wealth in developing countries - it is not helping to close the gap between the world's poorest countries and the world's richest. Weak domestic policies, institutions and infrastructure and trade barriers can restrict a country's ability to take advantages of the changes. Each country makes decisions and policies that position them to maximize the benefits and minimise the challenges presented by globalisation. The issues and perceived effects of globalisation excite strong feelings, tempting people to regard it in terms of black and white, when in fact globalisation is an extremely complex web of many things. So I’ll present my own point of view about the globalisation.
Firstly, the advantages (benefits) of globalization which talking about the economy of countries to improve standards and reduce poverty, to improve access to health care and clean water which has increased life expectancy.
Improved environmental awareness and accountability has contributed to positive environmental outcomes by encouraging the use of more efficient, less-polluting technologies and to control adoption by global companies of workplace standards for their internationalised production facilities in developing countries has made an important contribution to respect for international labour standards.
International migration has led to greater recognition of diversity and respect for cultural identities which is improving democracy and access to human rights.
Secondly, the disadvantages (problems) of globalisation. There are social and economic costs to globalization and it requires participating countries to undertake economic restructuring and reform.-Some countries have been unable to take advantage of globalisation and their standards of living are dropping further behind the richest countries.
Increased trade and travel have facilitated the spread of human, animal and plant diseases. -Globalisation has also enabled the introduction of cigarettes and tobacco to developing countries, with major adverse health and financial costs associated with that.
The major economic powers have a major influence in the institutions of globalisation, and this can work against the interests of the developing world. The level of agricultural protection by rich countries has also been estimated to be around five times what they provide in aid to poor countries. -Trade liberalisation and technological improvements change the economy of a country, destroying traditional agricultural communities and allowing cheap imports of manufactured goods. This can lead workers in the traditional sectors of the economy. people may not have the appropriate skills for the jobs which may be created. -Globalised competition can force a genious, where highly educated and qualified professionals, such as doctors, engineers and specialists, migrate to developed countries to benefit from the higher wages and greater career and lifestyle prospects. This creates severe skilled labour shortages in developing countries.
To conclude, globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries. Globalisation has been taking place for hundreds of years, but has speeded up enormously over the last half-century.
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