The Study of Globalization: Globalization - Is The Process in Which People, Ideas and Goods Spread Throughout
The Study of Globalization: Globalization - Is The Process in Which People, Ideas and Goods Spread Throughout
The Study of Globalization: Globalization - Is The Process in Which People, Ideas and Goods Spread Throughout
Globalization - is the process in which people, ideas and goods spread throughout
the world, spurring more interaction and integration between the world's cultures,
governments and economies.
“Global age” refers to a period of time when there is a prevailing sense of the
interconnectedness of all human beings, of a common fate for the human
species and of a threat to its life on this Earth.
Examples of globalization are: the internet, allows a person to know what is
happening to the rest of the world simply by browsing Google. The mass media,
also allows for connections among people, communities, and countries all over
the globe.
Globalization encompasses a multitude of processes that involves
economy, political system, and culture.
1. Several people lose their jobs when companies import cheap labor
or materials or shift production abroad.
2. Workers face pay cut demands from employers who often
threatens to export jobs.
3. Unregulated globalization can cause serious problem to poor and
developing countries in terms of labor force, wages, benefits, job
terminations, and others.
4. High foreign stakes on industries where it is not necessarily
needed could affect the economic growth of domestic enterprise.
5. Sovereignty of the country and company/institution may be at
stake.