What Are The Advantages And Disadvantages Of Globalization

Globalisation is the process which business or other organization interact and integrate with the people, companies, and governments of the other countries. Globalisation can help a country by improving their economy welfare but at the same time. It has change the world by the effects on culture, and industry. With globalisation, most people life standard has improved by having cheaper and more choices products. Other than the increasing of life standard, local industry have been affected by the globalisation because there are more multinational firms moving into the nation which provide cheaper price for the local residents.

¹Daniels et al. (2009) states that globalisation is “The broadening set of interdependence relationships among people from different parts of a world that happens to be divided into nations.” and “the integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people”. And undoubtedly the disaster has affected

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation over the past hundred years has undoubtedly made the world more interconnected including closer societies, politics, economies, cultures and the environment. Globalisation has increased the production of goods and services. There are those who argue that globalisation creates "winners" and "losers," as some countries prosper, mainly European countries and America, whilst other countries fail to do well. For example, USA and Europe fund their own agricultural industries heavily so less economically developed

Globalisation has effects on the environment, culture, political systems, economic devel`opment, prosperity, and on human physical well-being in societies around the world. Globalisation allows free transfer of capital, goods, and services across nations.

Globalisation is the process by which the world is becoming progressively interconnected as a result of significantly increased trade and cultural exchange. It has also increased the production of goods and services. The biggest companies (such as McDonald’s, Starbuck’s, Costa

Ghemawat (2007) detailed that globalisation is more than just a powerful economic and political transformation it bound people, countries and market closer. It is a growing network of different companies, groups, and individual. Globalisation has shrunk the world from size small to size tiny and flattened the world.

Globalisation, is the process of increasing integration among different countries, resulting in the establishment of a single world market. Globalisation has been accelerated in the last 50 years due to the relative stabilisation of international relations, development of international institutions that have assisted in the management of globalisation, technological developments and changes in domestic policy. China has been heavily impacted by the process of globalisation displayed through: economic growth, international convergence, economic development and quality of life, international trade, investment, financial

During the last decade of the twentieth century, the word ‘globalization’ has become an increasingly prominent feature of political, social, and economic discussion in academic and policymaking circles, as well as in the media. The processes and outcomes of globalization drew attention and debates that had one thing in common. The research shows that nearly everyone agrees that globalization is a trend that is changing the face of the world, and as a result the world society lives in a more ‘globalized’ world. Nearly two and a half decades passed since 1990s, and studies have been conducted to examine the causes and consequences of globalization. Moreover, nearly every person experiences some type of globalization and can testify firsthand the effects it has on their life, society, and the state. The analysis of the effects that globalization dynamics have on the world society indicates that globalization has a significant positive impact via spreading opportunities and wealth across nations, stimulating innovation and productivity, enhancing the economic development of poorer countries, and helping to improve living standards.

Globalisation can be defined as the movement toward economic, financial, trade, and communications integration by countries and their populations globally. It is a constant process and it has resulted in the intertwining and generalisation of the needs and wants of people

|More access to food, services, healthcare etc. all over the world |Heavy environmental cost |

Globalization in a general view is causing changes in nature of the society which can bring new possibilities, also risks. The effects of

Globalisation is the international trade of ideas and customs throughout developing and developed countries. Globalisation can impact these countries positively or negatively depending on the interaction whether it be economically, politically, culturally or historically. The involvement of a developed country on another developing country can largely impact both countries by means of how they adapt to the new ideas that were introduced. Globalization can affect anyone and everyone in the world whether or not they are located in a developing or developed country. Globalisation can also connect countries via these spread ideas. An example of a positive impact caused by globalisation is the introducing of new defence and attack methods due to wars such as using ‘ghost guns’ to safely vacate a battle area. An example of a negative impact caused by globalization is how the immigration of people into a new unfounded country can further increase carbon dioxide emissions throughout the globe.

We live in a world where, with every day that passes, more and more of the barriers that isolate us from the rest of the globe are being dismantled. But what implications does the process of globalization have with regards to its effects on real people in real time? Given the vastly different political and economic climates of different societies around the world, as well as the vast differences between class groups within individual societies, this issue is not as simple as pointing to an individual ethnographic example and stating ‘globalisation affects all of humanity in this way’. There are clearly going to be varying degrees of positive and negative implications, depending on the society in question.

The growing global economy has brought mobility of capital and labour, market openness, the exchange of information and selection of products and services (Singh et al., 2012). Although largely seen an opportunity for global growth and well-being of people, it was recognized that it can be fully beneficial only if fairly distributed, as, besides having a positive effect, globalization also brought new risks, namely:

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).