Essay on Globalization

Document Type:Essay

Subject Area:Finance

Document 1

The modes of transport enable people to travel from one country to another with efficiency. Technology makes it possible for the people to communicate efficiently despite their location on the globe. The actions enhance the exchange of ideas, social, political and cultural behaviors all over the world. The resulting effect is globalization that has made any part of the world to be easily accessible and the rate of transfer of information to be very high from one point to another. Globalization is increasing daily with the emergence of new ideas and as the modernization is taking over the globe and its advantages and disadvantages are observed in equal measure by every society, person and government. It is also through globalization that there is the improvement of the cultural awareness bringing to an end the primitive cultures that curtails the rights of certain groups of people.

Sign up to view the full document!

In the economic world, globalization has enhanced the efficiency to which the businesses people can communicate with hence improving the level of profits the businesses make (Surugiu & Surugiu. The developing nations have gained much from the globalization as the developed countries easily offer assistance in industrialization. There are limitations that are associated by the continued increase of globalization. One of the greatest disadvantages associated with globalization is the interconnection of a problem facing country that can be easily spread into other countries. Each country and the society need to place themselves in positions they benefit much from the increase. There is also an urgent need by all the governments to come up with ways to keep in check the spread of the negative effects brought about by the increased globalization.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template

Downloadable