It’s not uncommon to hear people say that globalization is a negative thing. Globalization has been proven to have both positive and negative effects on the world. globalization has had a positive effect on the U.S. because it strengthens ties with other nations for trade opportunities and creates jobs by importing products made in other countries into our country. In this essay, we’ll explore some of these effects and show you how they can potentially benefit you in your life.
Essay Example on Positive Effects Of Globalization
Introduction of Positive Effects Of Globalization Essay
The process of integrating national economies on an international level is referred to as globalization. Globalization is a process where different cultures meet, their thoughts come together, and the people agree to receive others views, and the world becomes small, and its outcome is seen in all prospects of life. It is quite evident that the principal constituents accountable for the present-day state of globalization are the tremendous developments and innovations in telecommunications and transportation.
Main Body of Positive Effects Of Globalization Essay
Few of the essential features of globalization
In the way of the globalization of business, there are numerous hindrances. Protection of the domestic markets is the most powerful among them. But with the advancements in communication and transportation systems, the event of globalization is impossible to stop.
Globalization of business directs to economic globalization. With the globalization of business and exchange of goods and services, technology and investments it becomes sure to come about for various nations’ administrations to pull through and maintain in the long run.
For the production and sale of goods and sourcing human resources, these organizations serve the whole world as a business space. This has driven to the Economic advancement of many third-world countries that have begun up their economies.
The advancement of marketplaces also enhanced the purchasing capability of the nations and various activities such as tourism driving to the leading to the advancement of tourists.
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Some of the positive effects of globalization on business
Globalization has brought adverse as well as positive effects in the developed countries. The positive effects of globalization include a number of factors which are education, technology, trade, competition, capital flows and investments, culture and organization structure, and employment. It would be somewhat difficult to discuss the scope of the positives that globalization has had on the world at large. However, still, there are remarkable positive effects of globalization and the positive influences they have had on so several demographic sections of society.
Trade opportunities- for importing and exporting products and services, the globalization of business processes and acceptable behaviour opens up new possibilities. The step-by-step merge of business etiquette helps to facilitate business communication as well. Issues, such as speaking distance, handshaking, body language, and taboo topics of voice communication are beginning to lose their power as probable deal breakers as business people around the world study and know each other’s cultural standards.
Natural advantages- Gaining admittance to markets around the world allows each country to invest its unique natural advantages fully. A built-in power is an edge that will enable countries in particular geographic regions to produce specific products or commodities at a lower cost or higher quality than others. Without international trade, natural benefits do not add much to the economy.
Economic development- By allowing admittance to new markets around the world globalization furnishes new opportunities to underdeveloped nations. During the twentieth century and into the twenty-first China and India have driven the wave of globalization.
Procurement and outsourcing- The opening up of global markets and improvements in inter-cultural communication creates a wealth of possibilities to source high-quality, low-cost materials and work. Outsourcing is when less expensive; the foreign worker is used for activities traditionally performed at home.
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Enhanced their standard of living- The globalization of markets has committed to the development of international businesses. The need for goods exercised by people has step by step increased, and companies have expanded their production to other states.
Professional ambitiousness- With the process of globalization, the employees in developing countries are becoming more cognizant of the benefit of acquiring an education. Many of the workers are registering in universities while continuing with their professional development. People are becoming more knowledgeable and also engaging themselves in educational activities such as seminars, workshops and training sessions to be more employable.
Social knowingness- Workers also gain consciousness of their rights and obligations through the process of globalization of communication. Because of their origin immigrants in the developed nations have often been ill-treated and discriminated against by their employers.
Conclusion
With the increasing process of globalization on business, it is necessary for people to have knowledge about how they will be affected by this trend in business. It is also essential to understand the positive and negative effects of globalization on business so that people can work towards making our world a better place.
The advantages of globalization are plenty but its major drawback is that it puts more pressure on the environment as the production processes are being shifted across nations, where large quantities of energy resources are used. This has left behind an adverse impact on the environment which cannot be reversed easily. Globalization is like a double-edged sword that needs to be carefully handled in today’s fast-changing economy.
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The essay has gone through the positive impacts of globalization on businesses and workers.
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