Reference no: EM13789739

Introduction

In past few years globalization has been much discussed issue. In this essay, I would attempt to describe the meaning of word globalization along with I would evaluate the benefits as well as drawbacks of the global world. Globalization has altered the face of world. Apart from that, I would discuss major changes in the trade policies of globalization. And at last, I would evaluate the consequences for migration within the global world.

Globalization

Term ‘A Global Village' has majorly been related to Marshall McLuhan (Baker, 2011). In its books he terms how world has contracted into single big village. Global Village is called as the effects about globalization, mass media along with information and communication technology. As per this philosopher and sociologist, there would be just major culture left within this world. Capability for somebody for gathering the information quite fast wherever they have been provides impression, which we live in similar virtual place, in similar village.

With increasing standards of world along with the present concepts as well as complexities within the political, economic along with the socio-cultural ideologies, man has often and regularly pondered on aspects about his nature. Unity, equality, trade as well as commerce have been at forefront of complexities of man.

Having those thoughts in mind, man has moved by history thus trying to satisfy its desires in regard to rest of the people. Advent of 21st century has given birth to concept about making world one village, therefore, globalization. World is getting smaller, has been the term utilized quite often for describing the nowadays world along with globalization. Economic growth has grasped majorly all the nations.

Globalization has been the process, which began to appear at finish of 19th century having the emergence of the industrialization. Products had been produced on the bigger scale having export being the target. Globalization has been the scenario through which economies, societies along with cultures have been interrelated. World has been made the smaller place; distances have been no longer the obstacle. Because of globalization borders within nations have been shortening (Jeffery, 2002).

Where word globalization has been used, we most of the time refer it to the economic globalization. Emergence of economic globalization has majorly because of creation of some international companies after the World War 2. Those companies focus to eliminate the borders among nations so as to facilitate trade along with communication within those nations, thus diminishing the chance of upcoming war. Advances within the technology resulted in the reductions within cost of the international trade. Several international companies tried to diminish barriers towards the international trade. Few essential changes are made relating to the free trade, moreover thanks to General Agreement on the Tariffs and Trade (GATT).

Other kind of globalization has been the cultural globalization. Having cultural globalization means spread of ideas, attitudes along with values around the world. Major causes for such a process have been the mass media along with communication technology. In present days, Internet gives us with all answers that we require of everything happening in this world, however newspapers gives us with the information of separate events in the entire world. Because of that, people have been submerged with perspectives, lifestyles along with traditions from everywhere within world.

3rd form of Globalization has been the social globalization. It has been refers to the impact of globalization on lives along with work of people. Globalization has bigger impact on the employment within world. Few people discusses that globalization has been the solution to reduce unemployment, however some other claim this has been opposite. Globalization has in addition been important impact on poorest nations of world. International companies may take decisions in their benefit sometimes without considering effect on the poorer nations.

And the last form of globalization has been political globalization. Since finish of cold war along with fall of Berliner Wall, something named Political Globalization has come up. We live in the world in which international companies are being set up for exercising the power on member nations. Nations have not been as essential as anymore as they once had been.

Advantages of Globalization

Eliminating borders along with barriers among nations surely has few benefits. We need to keep in mind those most advantages, which globalization encounters, majorly affect the developed as well as developing nations with the open economy (Staff, 2000).
The initial big advantage has been one for organizations as they may sell their products in the entire world. As emergence of globalization world trade is promoted. But, as the outcome manufactured goods have probably been to be economical because of high competition. There have been some monopolies however more competition. People have been willing to have choice within the range of products from separate nations and have been seeing for economical products. While going to supermarket Turkish immigrant within the France have been willing to be capable of purchasing his favorite Turkish product. It has now been feasible as the outcome of the globalization.

Second essential advantage has been increment in international flow of money. It results in capability for developed nations for investing in the developing nations. In addition, corporations have more probably to operate outside its borders, like regulations have been much more flexible than in past.

Never earlier people are as much aware about the world news like they have been at present. It has been to enhance the importance of mass media. Subsequently, world has been more aware about situations in rest of the nations along with global problems. People have been communicating with one another in the entire world. In some hours we may be transported to rest part of the world. Transportation technologies have been increased impressively in past few decades for goods and humans. Apart from this, tourism in addition has notably enhanced, because of the cultural globalization along with improvements in the transportation technology.
As the consequence of Globalization, many companies have been set up to enhance interdependence within nations. EU has possibly been most relevant instance. European Union sets certain rules favoring of world economy, which nations need to abide through. This in addition promotes free trade within their member nations through eliminating borders among those nations.

Another advantage of globalization has been the capability for organizations for producing their goods within nations where labor cost is low.

Drawback of global world

Apart from all the benefits stated earlier, globalization has unfortunately encountered several disadvantages also.

1st significant disadvantage of globalization has been loss of culture within places having the wonderful cultural heritage. While we at present travel to Peru for instance, inhabitants have changed its older clothing through western clothing style. They just wear their older clothing for the touristic events. It has been very sad to realize. Developing nations try to emulate Western nations, throughchanging their traditions.

Other major disadvantage of globalization has been loss of jobs within the industrialized nations. Organizations have moved their productions to nations having low labor cost. Being the outcome, workers in actual nations lose their jobs. But, organizations many times face difficulties controlling quality of goods generated in rest of the nations. Organizations are searching for economical labor for maximum benefit at the low cost.

Other essential consequence of globalization has been transportation of diseases within separate nations, like H1 N1 virus.
Unfortunately, because of globalization there has been widening gap within rich as well as poor. Poor people may not keep up with living standards in Western World. Whereas we just need to open the tap to get certain clean water, few poor families need to walk hours for getting the bucket full of water. All nations that have not as much related to globalization like developed nations can have certain difficulties for keeping up with speed of development. In each nation few people have been left behind along with government must be responsible for taking care of such people.

Because of globalization this has been tougher for smaller businesses to set themselves. Bigger organizations do not provide any place for such businesses. In addition, there has been the higher level of competition; thus we need to provide anything special for making that worth purchasing anything from single business along with not from other.

Trade as well as Globalization

Globalization had several consequences for the international trade. For first time in history all types of goods have been exported in the entire world. Information along with goods has been moved from one nation to other in no time. Money transactions may be done within some seconds. World has evolved in the easily accessible place. Because of that, people have been more tempted towards doing the business worldwide.

International trade has not been something newer however removal of the barriers among nation has been. For some years, few regulations are being set up relating the tariffs along with import taxes. Subsequently, organizations have set up factories/offices in economical nations for generating their goods at low cost as well as enhanced profit. In addition, because of such relocation of organizations, domestic businesses try hard for differentiating themselves from their competitors.

For richer nations there have been two major advantages of economic globalization. Initial big advantage has been for customer. This refers to huge range of foreign products present in the domestic shops. Those products have been economical than when they had to be generated in richer nation itself. 2nd advantage for the richer nations has been benefits organizations that may extract high profit from its capital.

But, essential factories leave richer nations to relocate in the economical nations. Because of the outcome there have been several jobs lost.

Newer industrialized nations have made bigger profits from the globalization. They enjoyed huge investments from the rich foreign nations, because of the economical manual labor. Those investments contribute towards creation of nowadays economy.
Poor nations have been almost totally excluded from effects of the globalization like agriculture has mostly been major economic activity.

Migration as well as Globalization

More than ever, people have been very well aware about separate living standards within nations all over world. Manual workers within developing nations have been confronted daily through luxurious life style of the Western nations. Major reason for that has been evolution within communication along with IT.

Best explanation for the mass migration has been rising income inequalities within along with outside the nation. Few people dream about better place of living, rests have been ready to put its life at the risk for moving towards the developed nations. People have been looking for best life style they may have. Few have been even ready of leaving everything behind, involving family, for beginning the newer life within the richer nation.

Thanks to the enhanced communication technology, migrants have not felt that closer to its homeland. They may read its favorite newspapers online; they may communicate with its families for free through Internet. Those improvements facilitate migrants for leaving its nation. At present, migrants in addition flock along, while few migrants move to other nation, they would all gather in similar part of city, therefore that they feel much more same as at home.

Globalization means removal of borders among countries nations. Because of that, goods, information along with people have been crossing borders with much ease. Migration liberty may have been the essential impact on the domestic economies. Those migrants have been economical workers, in comparison with the domestic inhabitants. Because of that, jobs have been provided to the migrants along with not to the domestic inhabitants.

What if there has been the free migration policy? Afterwards everyone might move to other nation. It could have the essential impact on the wealth repartition. It could in addition lead towards the redistribution of the populations within separate nations of world.

Conclusion

This has been clear that globalization was having essential consequences on world. Borders within several nations are removed. Goods, people along with information had been transferred among nations without several difficulties. In some seconds, people may communicate to people at rest part of world. World is changed in small place, the Global Village.

For recapitulating, there have been separate types of globalization in world; there has been the political globalization, cultural globalization along with economical globalization. Although, when word globalization has been utilized, this majorly refers to the economical globalization.

Globalization creates several advantages and disadvantages. The major advantage has been removal of the barriers along with borders within nations. Organizations settle in nations where they may generate more for less money. However consequently, workers in home nation lose their jobs. An essential drawback of the globalization has been poverty. Not everyone has been related to globalization. In some bad nations, few people have not even been on Internet. How may they afterwards be involved in global world while in actuality they have excluded. As the result in some scenarios gap within rich and poor has been widening.
Migration in addition has also been the bigger consequence of globalization. People dream of better life. They have been ready to put their lives at risk for moving to the rich nation. Many times this journey may be horrible as well as migrants have been usually found hidden in trucks for crossing borders.

Our society has come towards interconnected community. People are brought nearer to one another. According to my opinion, I may conclude that ever since globalization emerged, world has entered into new era in sense of culture, economy as well as trade.