Globalization
Globalization refers to the interactions between people, organizations, and governments, resulting in international influence. It has empowered companies to provide their goods and services to people across the globe. Since the 19th century, transport and communication technology elements have been advancing, making it easy for people to interact with the different parts of the world. The improvement of transport, communication, technology, and the internet causes globalization, where both advantages and limitations are evident.
Advanced transport systems cause globalization, as the movement from one region to the other is easy. Roads connecting nations and air travel are improved, meaning people and goods move quickly. Due to the dependence created between countries, tariff barriers have been eliminated by the governments. Today, the entry of products into a country is cheap, which has led to globalization as companies compete in meeting the buyers’ needs (Naz and Ahmad 145). Improvement in technology has also contributed to globalization. It has made communication and sharing of information accessible, especially in business. Through the internet, companies interact with buyers to understand their buying behaviors. Besides, they identify potential target markets, and since capital mobility is improved, they enter these markets. While meeting the buyers’ needs, labor is needed where some employees are moved from one nation to the other, which has supported globalization as the interaction is boosted. The growth of international companies has also helped the process as they work for massive-scale economies. The more the sales base is increased, the longer the chances for survival as overdependence on a particular market are reduced. Therefore, transport and communication technology are the leading causes of globalization.
Globalization has positive and negative effects. Development of the global market is one of the benefits, where countries provide their products and access those made by others (Burlacu, Gutu and Matei 123). Notably, every nation is unique concerning its goods. Globalization has built a world market, where countries access raw materials at low prices, resulting in affordable goods. The more the market expands, the more the players join, enabling the buyers to have considerable bargaining power and choices while companies earn high revenues. Another benefit of globalization is cross-cultural development, where people interact and learn from each other. It has helped erode unhelpful values and beliefs, making the regions operate better. For example, some cultures do not advocate female education, and when allowed, they are given low paying jobs like teaching. Globalization has made nations realize their cultural weaknesses like gender inequality and made changes, thus ensuring rapid growth and development.
Increased terrorism is one of the adverse effects of terrorism. Integration among nations has improved, enabling individuals to move from one place to the other. Terrorists enter countries claiming to seek better education or healthcare, but the intention is to attack. The recruiting process is eased by communication development, where accessing youths is comfortable (Burlacu, Gutu, and Matei 124). Terrorism attacks have affected nations, especially the developed, making citizens live in fear and tension altering operations. Globalization has also led to job insecurity as labor is easily accessible and portable. Before the interactions, people secured jobs fast as the competition was limited. Today, people can move from one region to another for employment, while workplaces are taking advantage of cheap labor.
Therefore, globalization is caused by improved transport and communication technology. It has enabled people, businesses, and governments interact and cooperate. The concept has led to benefits with the increased global market and cultural management. However, terrorism and job insecurity limitations have increased. Nations need to cooperate to reduce the limitations while maximizing the benefits.
Works cited
Naz, Ayesha, and Eatzaz Ahmad. “Driving Factors of Globalization: An Empirical Analysis of the Developed and Developing Countries.” Business and Economic Review 10.1 (2018): 133-157.
Burlacu, Sorin, Corneliu Gutu, and Florin Octavian Matei. “Globalization–pros and cons.” Calitatea 19.S1 (2018): 122-125.