Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries.
Globalization is a historical process that results from human innovation and technological progress. What is Globalization? Globalization is the change in the way countries do business.Countries no longer choose to trade amongst themselves but have expanded their business abroad to nations far and wide. It is this type of transformation that changes the look and feel of the world economy and it requires the cooperation of all countries involved. The world today “is moving towards a world in which barriers to cross-border trade and investment are tumbling; perceived distance is shrinking due to advances in transportation and telecommunications technology; material culture is starting to look similar the world over; and national economies are merging into an interdependent global economic system” (Hill, 2005).Majors Drivers of Globalization When countries first began developing products, they made just enough to satisfy the country’s demand without any surplus. As companies became larger their output increased and the country’s desire and need for new products grew. There are several motivators or drivers that encourage globalization and the expansion of companies into foreign lands.
Examples of these would be: Globalization is the change in the way countries do business. Countries no longer choose to trade amongst themselves but have expanded their business abroad to nations far and wide.It is this type of transformation that changes the look and feel of the world economy and it requires the cooperation of all countries involved. The world today “is moving towards a world in which barriers to cross-border trade and investment are tumbling; perceived distance is shrinking due to advances in transportation and telecommunications technology; material culture is starting to look similar the world over; and national economies are merging into an interdependent global economic system” (Hill, 2005).
Majors Drivers of Globalization Globalization. What is Globalizations?Globalization is process of the global economic, political and cultural integration and unification. The basic consequence of globalization is the world division of labors, migration in scales of all planet of the capital, human and industrial resources, standardization of the legislation, economic and technological processes, and also rapprochement and merge of cultures of the different countries. It is objective process which has system character, that is covers all spheres of a life of a society.
Globalization has various aspects which affect the world.For economic aspects is free trade, free movement of the capital, decrease in profit taxes of the enterprises, simplicity of moving of industries between the various states in interests of reduction of costs on work and natural resources are characteristic. International trade in manufactured goods increased more than 100 times (from $95 billion to $12 trillion) in the 50 years since 1955. Also developed and developing countries steadily approach equal level of salaries, the prices for the goods and profitableness of the enterprises.
From informational aspects like Internet occur a fast distribution of the financial information worldwide it helps to be well informed about world affairs. In Culture aspects is what people eat, how they dress, beliefs they hold, and activities they practice. Globalization has joined different cultures and made it into something different. For example is food. Someone in America can be eating Japanese noodles for lunch while someone in Sydney is eating classic Italian meatballs. India is known for its curry and exotic spices.
France is known for its cheeses. The American fast food McDonald’s became an original symbol of globalization. Meditation, yoga has been a sacred practice for centuries in Indian culture, but now it became new current everywhere.
Modern films leave on screens simultaneously in many countries of the world, books are translated and become popular in readers from the different countries. Besides, every year the increasing distribution receives the international tourism. Also Globalization is changing Labor Markets.
The movement of manufacturing jobs from the USA, Britain, Germany and other countries with high labor costs to places with lower costs like China, Mexico, India, Malaysia and Philippines. Organizations become workforce diversity a more heterogeneous mix of people in terms of gender, age, race, ethnicity. The most appropriate example of globalization is the European Union. This space provides cancellation of the customs duties, free work and capital movements, and also uniform monetary system on the basis of euro.
Also kind of integration we can see between participants of the North American zone of free trade: the USA, Canada and Mexico. We can see that globalizations touch every point our life and it is not possible to stop, that’s why we have to know, understand and respect other country, customs, and traditions. Now we became children of “global village,” we all interdependent. As a result of globalization the world becomes more connected and more dependent if something happened in one country it will be reflected all over the world.