Globalization is a process of integrating trade and commerce throughout the globe. Governments, private companies, and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to each other. Unprecedented advancements in transport and communication technologies have added to the growth of globalization. Primarily, globalization is a commercial activity which also integrates different cultures and societies through trade and commerce. The origin of globalization is, however, a matter of dispute between historians and modern economists. Former belief it to be existing since ancient times while later assert that it started only in the 21st century.
Long and Short Essay on Globalization
Essay 1 (250 words)
In the last few decades, globalization has been very fast which has resulted in worldwide economic, social, political and cultural integration through the advancement in technologies, telecommunication, transportation, etc. It has affected human lives in both positive and negative manner; its negative effects are needed to be addressed accordingly. Globalization has contributed a lot to the worldwide economies in various positive ways. Unbelievable advancement in science and technologies has given amazing opportunities to the businesses to easily spread across the territorial boundaries.
Just because of the globalization, there has been huge economical growth of the companies. They have been more productive and thus given rise to a more competitive world. There is a competition in the quality of products, services, etc. Successful companies of the developed countries are establishing their foreign branches to take advantage locally through the low-cost of man labor than their home countries. Such types of business activities are giving employment to the people of developing or poor countries thus giving way to go ahead.
Together with the positive aspects of globalization, negative aspects are not forgettable. There has been a risk of epidemic diseases by means of transportation from one country to another. There has been proper control of the government of all countries on the globalization in order to reduce its negative impacts on human lives.
Essay 2 (300 words)
Globalization is a process of the worldwide spread of science, technologies, businesses, etc through the means of transportation, communication, and trade. Globalization has affected almost all the countries worldwide in various ways such as socially, economically, politically, and psychologically too. Globalization is a term indicating fast and continues integration and interdependence of countries in the field of business and technologies. The effects of globalization have been seen on the tradition, environment, culture, security, lifestyle, and ideas. There are many factors affecting and accelerating globalization trends worldwide.
The reason for the acceleration in globalization is because of the people’s demands, free-trade activities, worldwide acceptance of markets, emerging new technologies, new researches in the science, etc. Globalization has huge negative impacts on the environment and given rise to various environmental issues like water pollution, deforestation, air pollution, soil pollution, contamination of water resources, climate change, biodiversity loss, etc. All the ever-growing environmental issues need to be solved on an urgent basis by international efforts otherwise they may finish the existence of life on the earth a day in the future.
In order to prevent the loss of environment, there is a need for globalization of eco-friendly technologies and huge level environmental awareness among people. In order to deal with the negative effects of globalization, companies need to develop greener technologies that may replace the current status of the environment. However, globalization has helped a lot positively to save the environment by improving various resources (reducing adverse effects on the environment like hybrid cars using less fuel) and promoting education.
Apple brand has also aimed to manufacture Eco-friendly products to reduce the negative impacts of globalization and exceed positive effects. Increasing demands of the ever-increasing population lead towards extensive deforestation causing a great level of environmental issues. Till now, almost half of the useful forests have been cut in the past years. So, there is a need to make globalization under control to reduce its negative effects.
Essay 3 (400 words)
Globalization is the way to open businesses, improve technological growth, economy, etc on the international level for international players. It is the way to manufacturers and producers of the products or goods to sell their products globally without any restriction. It provides huge profits to businessmen as they get low-cost labor in poor countries easily through globalization. It provides a big opportunity for companies to deal with the worldwide market. It facilitates any country to participate, set up or merge industries, invest in equity or shares, selling of products or services in any country.
How Globalization Work
Globalization helps the global market to consider the whole world as a single market. Traders are extending their areas of business by focusing world as a global village. Earlier to the 1990s, there was the restriction of importing certain products that were already manufactured in India like agricultural products, engineering goods, food items, toiletries, etc. However, during the 1990s there was pressure from rich countries over World Trade Organization, World Bank (engaged in development financing activities), and International Monetary Fund to allow other countries to spread their businesses by opening trade and markets in the poor and developing countries. In India, the globalization and liberalization process was started in 1991 under the Union Finance Minister (Manmohan Singh).
After many years, globalization has brought a major revolution in the Indian market when multinational brands came to India like PepsiCo, KFC, Mc. Donald, Boomer Chewing gums, IBM, Nokia, Ericsson, Aiwa, etc and started delivering a wide range of quality products at cheap prices. All the dominating brands showed a real revolution of globalization here as a tremendous boost to the industrial sector economy. Prices of the quality products are getting down because of the cut-throat competition running in the market.
Globalization and liberalization of the businesses in the Indian market are flooding the quality of foreign products however affecting the local Indian industries adversely to a great extent resulting in the job loss of poor and uneducated workers. Globalization has been a bonanza for the consumers however grave for the small-scale Indian producers.
Positive Effects of Globalization
- Globalization has affected the Indian students and education sectors to a great extent by making available study books and huge information over the internet. The collaboration of foreign universities with Indian universities has brought a huge change in the education industry.
- Health sectors are also affected a lot by the globalization of common medicines, health monitoring electronic machines, etc.
- The globalization of trade in the agricultural sector has brought a variety of quality seeds having disease resistance property. However, it is not good for the poor Indian farmers because of costly seeds and agricultural technologies.
- It has brought a huge revolution to the employment sector by the spread of businesses like cottage, handloom, carpet, artisans and carving, ceramic, jewelry, and glassware, etc.
Globalization has brought a variety of affordably priced quality products and overall economic benefits to the developing countries as well as employment to the large population. However, it has given rise to competition, crime, anti-national activities, terrorism, etc. So, together with happiness, it has brought some sadness also.