What is Globalization?

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Globalization is a difficult term to define because it has come to mean so
many things. In general, globalization refers to the trend toward countries
joining together economically, through education, society and politics, and
viewing themselves not only through their national identity but also as part
of the world as a whole. Globalization is said to bring people of all nations
closer together, especially through a common medium like the economy or

the Internet.

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In our world, there are few places a person cant get to within a day of
travel, and few people a person cant reach via telephone or Internet.
Because of modern modes of travel and communication, citizens of a
nation are more conscious of the world at large and may be influenced by
other cultures in a variety of ways. Time and space matter less, and even
language barriers are being overcome as people all over the world
communicate through trade, social Internet forums, various media sources,
and a variety of other ways.
Arguments for globalization include the following:

It is reducing poverty worldwide.

It is allowing access to technology in developing countries.

It promotes world peace.

It has benefited women and childrens rights.

It raises life expectancy.

Arguments against globalization are likely to come from people or nations

who wish to resist trends in the global society. For instance, a
Fundamentalist Islamic country may resist globalization because they see it
as equivalent to westernizationweakening the religious strength of a
country and exposing its people to corrupting ideas. Similarly,
globalization may be feared or a matter of a concern to any country with
strong isolationist policies. In the US, much of the arguments for resisting
globalization come from conservative groups.
Some people worry about how certain trends, such as outsourcing, might
affect the nation. Concern exists that while outsourcing might benefit a
nation which gets jobs, this takes jobs from the country or company that
outsources. In this way, though the economy of the world is more
globalized, the economy of an individual nation might suffer.
Even though globalization may be a subject of argument, its highly

unlikely to end any time soon. It would take mass destruction of all modern
methods of communication and transport, in addition to all countries taking
strong isolationist policies in order to reverse the globalization trends in the
world. This doesnt mean that some nations or people wont resist what
they view as globalization, but you could compare this trend to a runaway
train. At this point, there is little to do to stop the communication of minds
all over the world through vehicles like the Internet. Even teens and kids
are communicating with children from the four corners of the globe. Its
therefore unlikely that globalization will experience a downward trend, and
will likely continue to influence our world in myriad ways.

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Discuss this Article

20
What causes globalization?
- anon87822

19
When did globalisation start and how did it start?
- anon86805

18

What are the implications of globalization on the IHRM?

- anon82227

16
how does globalization affect one geographically?
- anon74947

15
how does globalization affect education?
- anon70986

14
Questions are good but it would be nice, especially (I think) for Ganagdhar,
to have some of them answered.
- Karantulaa

13
How does globalization affect the Caribbean?
- anon61807

11
How does globalization affect trade, agriculture and industry?
- anon45010

9
how does globalization affect environment in terms of managing an
organization?
- anon42969

8
how does globalization affect managerial accounting?
- anon39681

7
How does globalization destroy communication and transport?
- anon37306

6
How does globalization affect online banking?

- anon34368

5
this is ganagdhar ,i am doing research on the globalization.
1.how does globalization destruct the communication and transport?
2.you are talking about the isolation techniques for a country. Will you please explain to me
how this isolation will help a nation against globalization.

- chanti

4
What are the implications of globalization on the IHRM ???
- anon25301

3
What are the implications of globalization on the IHRM ???
- hammad999

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Last Modified: 01 June 2010

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