essay of globization
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Globalization is the process of growing, developing and expanding the business, services or technologies all through the world. It is the expansion of various businesses to the global markets throughout the world. It requires huge international investment to develop large multinational corporations for the worldwide economic integration. It is to increase the connectivity and interdependence of the businesses in the worldwide markets. In the last few decades, globalization has taken the form of technological advancement which resulted in easier travel, communication, and other businesses on international level for the people. On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.
Globalization is the spreading of anything worldwide. However, generally, it is the process of globalizing products, businesses, technologies, philosophies, etc all through the world. It is the creation of a successful interconnected marketplace without any limitation of time zone and national boundaries. The most common and clear example of globalization is the spread of McDonald's restaurants all around the world. It became so successful in the worldwide markets because of its effective strategy adapting the culture of different countries in their menus to suit local tastes of people. We can say it as internationalization which is a great combination of both, the globalization and the localization.
It is very hard to decide whether the revolution of the global marketplace is beneficial or harmful to humanity. It is still a big confusion. However, it is also tough to ignore that globalization has created greater opportunities for people worldwide. It has changed status and way of living of people in society to a great extent. It is hugely benefiting the developing nations by providing various developmental opportunities. If we take it positively, it may eradicate regional diversity and establish a homogenized world culture. It is supported by information technology and shows huge interaction and integration among businesses, companies, government, and people of various countries. Globalization has positively and negatively affected the tradition, culture, political system, economic development, lifestyle, prosperity, etc..