Short note about globalization.
Essay on globalization Globalization is an irreversible and irresistible phenomenon. It is very famous all over the world. Before exploring the concept, we should take a look over the different definitions of the phenomenon.
From the above mentioned definitions, we can assume that globalization is the mutual sharing of goods, services and capital between or among states. It is also gradually making states closer and integrated. There are different theories about the beginning of the concept of globalization.
Some are of the view that it started from the mid of 20th century with woods conference While the others are of the view that this concept was properly started with the establishment of W.
Whatever the reality is, it is true that the pace of globalization was accelerated with World trading Organization.
World bank also came in this battle of evolution of globalization and identifies three waves of globalization focusing on economic integration.
First wave of globalization from to Second wave of globalization from to Third wave of globalization from till today. The free market economy became the guiding principal and global economy spread to the larger part of the world.
There is a difference of opinion among people for beginning of the concept but nobody can deny its importance in the modern contemporary world. From now to onward, we will examine how trade, growth and poverty are interlinked and how best the benefits of globalization acquired to ameliorate threat to humanity.
Presumably, solutions to such problems would then avert a backlash against globalization. There are two schools of thoughts about conjecture of globalization. First are of the view that globalization is a blessing. It is the tool of peace and prosperity.
It is the harbinger of progress and prosperity.
It is indispensible process in the modern contemporary world. We cannot deny its importance in our daily life from kitchen utensils to industrial machinery. One may approve or disapprove; the world is so prepared that it is unavoidable. Others are of the view that globalization is a tool of frustration.
It is solely in the benefit of rich and progress and progressive. They are also of the view that globalization is a recipe of neu-colonialism. With the emergence of world trade organization and end of cold war this concept evolved.
Last but not the least they are of the view that it is a theory of indirect occupation.Globalization refers to the situation when individuals, groups, associations, businesses, social organizations work on international scale.
Though, the term ‘globalization’ is primarily used for economic transaction among countries, it includes other aspects as well. Short Essay on Globalization.
Category: Essays, Paragraphs and Articles On September 10, By Team Work. Globalization. Globalization is the process of integration and exchange of economic, social, and cultural aspect of people beyond national boundaries. We are currently pursuing five separate lines of research at the Anselmo Rubiralta Center for Globalization and Strategy: strategic alliances, .
Nov 17, · Cultural globalization is also a highlighting level of globalization. Every area of the world has its own cultural values. Through the tools of globalization e.g.
media, internet, the cultural globalization is also on the rise in the modern world. Read this article to get important notes on Globalization (Meaning, Growth and Features)!
Meaning: One of the buzzwords of contemporary political ideology and academic debate that covers a wide range of political, social, economic, and cultural trends is the term globalization. Globalization, as a term, is very often used to refer to economic globalization that is integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and spread of technology/5(4).