Globalization: Meaning and Effects

Globalisation

Disclaimer: Globalization – this word now has a special meaning. Everybody speaks about globalization. Does everybody understand what it is though? This term seems to be so easily defined, but when you try to do it, you will discover, that not all is that simple.

The definition of globalization depends on so many factors and views, that, actually, there are very many definitions, both positive and negative. Some politicians define globalization as a political act when different political actors are trying to undermine the independence of countries. The reason is simple, as usual: power and money. From the social point of view, globalization is the process of disappearance of borders and territorial limitations, both geographically and in the mind of people.

So, we will define the globalization from the main three points of view: cultural, economic and political. Social globalization is the process of eliminating cultural differences. The strongest culture is becoming more widespread and it penetrates all parts of the world. As a result, local cultures are substituted by the global culture.

We are observing a very intense process of social globalization. Mostly because of the internet, people are able to communicate with each other, doesn’t matter where they are located. Increasingly more people don’t associate themselves with one country, but instead, they call themselves “citizens of the world”.

Economic globalization is in the development of huge corporations and companies that work globally. Do you know McDonald`s? This is one of the examples of the economic globalization. From one side, it provides more opportunities, but from the other side, local companies are in danger.

And, finally, political globalization. It is the process when the government loses the total control over the country. Instead, there are many authorities that work at a global level and regulate the most important life walks.

Also, it has both positive and negative effects. From one side, a country becomes more flexible and developing countries have a chance to achieve the level of developed countries much faster. From the other side, however, it means the loss of independence, to some extent. And well, it is not always very profitable for developed countries.

So, globalization, like any process, has both advantages and drawbacks. They are different, depending on the country about which we are talking. What is an advantage for one party, might be a huge drawback for another party. However, this is the process we cannot stop.

References

  1. Globalization. Wikipedia.org. https://en.wikipedia.org/wiki/Globalization. Accessed 20 Jun. 2018
  2. Kuepper, Justin. Globalization and Its Impact on Economic Growth. 22 Mar. 2018. https://www.thebalance.com/globalization-and-its-impact-on-economic-growth-1978843. Accessed 20 Jun. 2018

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