The merits of globalization are discussed below. Global mass media has allowed vital information to be shared between corporations and individuals around the world. As we pay less for simple common items, we have more to spend on big ticket items, which fuel higher paid manufacturing jobs in developed countries. Information technology has played a vital role in bringing the countries closer in terms of communication. The rise in free trade: the increase in free trade opens the door for rich-world investors to invest money in developing countries.
Railways, communication lines, transportations improved over time. Today, many multinationals, such as Microsoft, Google and Toyota, have offices in India, and many Indians work for these companies. Local businesses and brands in developing nations can go bankrupt as huge corporations in developed nations can dominate the economy of their country. Among the demerits of Globalization, we must remember that many of them are credited not only to this process itself, but also and especially to the capitalist system, to which globalization is inextricably linked. Strengthening of Democracy: As a result of globalization, democracy will be strong and solid.
Globalization, in its truest sense, is industrial and obviously economic, cultural and geopolitical as well as personal in its scope. A German company can produce in Argentina and then sell them in the United States. Theatres and cultural stadiums are replaced by malls and offices. But if both the manufacturers want to sell their car in a third country then it must have a global appeal. An example is the car ambassador in India. Globalization has been quite a debatable subject. It is feared that some developing regions progress at the expense of other developed regions.
When it comes to globalization, the difference between the rich and poor nation can be a major hindrance. Most health issues that occur are serious. Several major companies from the United States and United Kingdom have outsourced their jobs to the developing nations in Asia, this has in turn resulted in unemployment in these countries. With the invention of new and newer technologies in the field of transportation and communications, globalization has brought steam. We do have many examples in history wherein outbreak of a particular disease happened in some part of the world, and before we could realize it spread throughout the world. There are, therefore, many of those who admire and consider important the phenomenon of globalization of societies, while there are those critics who consider it harmful. Developing countries or labor-intensive countries have benefited the most.
This is so because, in a globalized world, it is necessary to recognize and accept that people living in distant countries like Rwanda are also human beings and must be treated as such. Globalization allows every region to offers its finest products or services to other regions. Advantages and Disadvantages Of Globalization Advantages Of Globalization Globalization has been a continuous phenomenon. The onset of international trade has given rise to intense competition in the markets. Globalization refers to the interaction of an economy with all the other economies of the world.
The Government will have absolute power. The basic principle of globalization is that each one will try to prove that he is better than others. You can create more jobs. Why are we even discussing whether globalization is good or bad for the world? A particular commodity may fetch hundreds of options with different prices. More and more schools in developing nations are teaching their students how to speak this global language. Therefore, affordable pricing has benefited the consumer in a great way. Reduction of cultural barriers: as people move from one country to another, barriers between cultures tend to diminish.
Most companies today move to a well civilized country in order to give a chance to unemployed workers to gain a job that suits their abilities and expertise. Secondly, as the technology is still new and improvising, it requires skilled manpower for its installation, operation and maintenance. Local traditions and cultures may change. Globalization itself is a phenomena that is developing countries, but it does not reduce poverty. On the other hand, less affluent nations and cultures with less creative contributions must conform to the fact of consuming and accepting them, because that is the tendency and must be accepted under penalty of being outside the international circle. Machine produced goods became popular because they were cheap. Harmful Effects on Small Industries and Small Business: In the free economy, the big fish has got license to eat the small fish.
The market, therefore, was limited and, incidentally, expensive. Taking their seriousness into consideration, it is not at all possible to turn a blind eye towards these negative effects of globalization. However, globalization has some advantages and disadvantages. But it is destroyed for establishing big industries and dams. It is a process in which there is a mutual interaction of countries interested in each other for cultural, trade related or any other such exchanges.
Employment is an advantage of globalization because companies often look toward developing countries to gain a work force. Deforestation is practiced owing to the non-availability of land, thereby drastically reducing the forest cover. In course of time, it is hoped, there will be one people, one government, and one world. As a result of this, poor people are facing a lot of difficulties. There are even offers on pages like Amazon or Aliexpress. Today, international trade has broadened its horizon with the help of business process outsourcing.