The Importance Of Globalization - 838 Words

The continuing growth and advancement of globalization has increased the frequency and ways in which countries are able to interact on economic, political, social, and cultural scales. Trade between countries, which has been a key aspect of globalization from its beginning, works as a way to fuel the economies of the countries involved as well as strengthen and/or harbor the political relations between them. This allows people from different countries all around the world to have similar experiences as well as an access to a variety of the same resources that would not be possible without an interconnectedness between them. Globalization, for its different aspects, has both its fans and its critics, who will argue either for or against†¦show more content†¦if Apple’s headquarters are in the United States but they outsource to China, they are taking jobs away from Americans). This viewpoint can often cause people to become resentful against the country they perceive as â€Å"stealing their jobs†, especially if they themselves have had a hard time finding work or have gone through a long period of unemployment. This resentfulness, however misplaced, leads to dangerous behavior such as racism and xenophobia. This unfortunate outcome of globalization is something that was expressed heavily during the recent 2016 election between Hillary Clinton and Donald Trump (as well as early on in his campaign), and continues to flourish after the regrettable inauguration of the latter. The bulk of Trump’s campaign was an attempt to pit the American people against others (as well as themselves with the racist ideologies he proposes). Trump claimed that the outsourcing of jobs from companies in the United States to other countries (according to him, mainly Mexico) was America’s biggest problem, even though his own and his family’s companies do the same thing on a large scale without fault. Though they are American companies that are doing the outsourcing and, therefore, the process that Trump and his supporters want to be destroyed, the blame is constantly put on the country/countries that receive the business, even though their people need jobs too. Continuously calling out Mexic o for â€Å"stealing our jobs† (andShow MoreRelatedThe Importance Of Globalization907 Words   |  4 Pagesdo as romans do† refers to the importance to adapt to the customs or behavior of a different culture or society. In this time of globalization, businesses more than ever must apply this rule. Now, boundaries are eliminated between countries and new opportunities are born. Company enters new countries, moreover, multinational emerges and ultimately evolves to a global posture. It’s becoming part of our life. Every day, we experience various products of globalization. We communicate with friends andRead MoreThe Importance of Globalization1555 Words   |  7 PagesUsing 1997 financial crisis and other examples, discuss how globalization is important to the modern business journalism. Introduction As we know, the Internet has a great contribution to globalisation. At the same time, globalisation shows its impact on economy and culture. Held and McGrew rightly defined globalsation is â€Å"[†¦] a widening, deepening and speeding up of worldwide interconnectedness in all aspects of contemporaryRead MoreThe Importance Of Globalization850 Words   |  4 Pagestaking this course, I was curious about the movement of cultural aspects throughout the world. Globalization is more complex than just the spreading of culture but is the idea of global evolution and growth in a positive direction while highlighting and addressing global issues. Globalization is often defined as the expansion of interactions of people through the flow of ideas, culture, and wealth. Globalization influences global, regional, and national policy as well as democracy, education, and humanRead MoreThe Importance Of Globalization1122 Words   |  5 PagesGlobalization is important to understand in order to determine what worked in the past and can be successful again in the future. Our many cultures, ideals and growing technology form together to create an extremely global world. We use products that were made on the other side of the world, and are taxed on practically everything. Whether the effects of our global society is good or bad, there’s no doubt that the world is constantly changing and impacting our livelihoods, so we must adapt accordinglyRead MoreThe Importance Of Globalization1486 Words   |  6 PagesDear old friend, it has come to my attention that we have a great epidemic on our hands! Globalization is the next step in the evolution of information, and let me be clear: it is a great step forward in connecting the world, but it will have its detriments to society as well. I believe the digital age has provided the world with unparalleled access to data and history, as well as the ability to communicate in an instance. This leads to growth in many aspects o f everyday life including both, socialRead MoreThe Importance Of Globalization1892 Words   |  8 PagesGlobalization should be defended and extended. 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Economic globalization has promoted the continuous expansion of the world marketRead MoreThe Importance Of Economic Globalization1583 Words   |  7 PagesGlobalization, which is the process of nations, group, and organizations spreading their influence internationally, affects every citizen of the modern world daily. Without realizing it consumers contribute to economic globalization by purchasing products from transnational corporations, every single day. The source takes an opinion against globalization, specifically economic globalization. Which is the interdependence that economies across the world rely on each other to continue and prosperRead More The Importance of Globalization Essay830 Words   |  4 Pages In recent years, terms such as â€Å"Global community,† â€Å"globalization,† and â€Å"global awareness† have seemed to roll off the tongues of every newscaster, advertiser, and politician with such ease that the popular phrases have nearly become clichà ©. With the Internet now possessing a rather prominent role in life and with communications faster than ever, it would seem the world’s rapid progress toward international relations necessitates such terminology. However, in America, these optimistic clichà ©s possessRead MoreImportance of Globalization in Hospitality1346 Words   |  6 PagesQuestion- Critically analyse the relevance and utility of globalization for the international hospitality industry. In the recent years hospitality industry over the years has expanded their business all around the world. Big hotel chains such as Marriott’s and Accor group are opening their hotels in developing countries such as India, Singapore etc. The process of globalization has played a major role in expanding their profits and laying their business across their own boundaries. Majority countries