When we talk about globalization then the very first thing that strikes our brain is it must be something about all over the globe or the entire world. It is a limitless act. Globalization is the process of exchanging products, human beings, technologies, information, etc. all over the world. Globalization is a worldwide process. Here I have provided three different length essays on globalization for my readers.
Short and Long Essays on Globalization
Essay 1 (250 Words) - Meaning, Definition and Globalization in India
Nowadays almost everyone is aware of the process of globalization. It is a worldwide process that includes the exchange of things, information, and human beings. Here we will discuss different features of globalization.
Meaning of Globalization
The word globalization has been derived from the word globalize which means the emergence of an international network system of economy. It simply means the act of being globalized.
Definition of Globalization
Globalization can be defined as the process of give and take where an exchange of technologies, information, goods, etc. takes place across the entire world. Simply we can say that globalization is a world trade organization.
Globalization in India
In India, globalization took place during the reign of the honorable finance minister Dr. Manmohan Singh in the 1990s. It was a golden era for India, during this time India slowly and gradually became one of the most prominent economic countries in the world. We cannot doubt the fact that India is one of the fastest-growing economies in the world.
We can also not deny the fact that since then India has developed its standard of living and poverty has also been reduced on a large scale. Globalization has many positive effects on India. It has changed the lives of people by adding quality in their lifestyle and in the coming days, there are many more changes to take place which will be for the betterment of Indians.
In the above paragraphs, we have discussed the process of globalization. From the above discussion, we can conclude that globalization is an important aspect of life which makes trade possible across the world. It has so many positive effects on the life of people and it also helps in building up the economy of our country.
Essay 2 (400 Words) - Emergence, Causes and Effects of Globalization
Globalization is a worldwide process that spreads products, jobs, cultures, information, etc. It helps in fixing up the economy of the country. Here we will discuss, how globalization emerged, types of globalization, and effects of it. So let’s have a glance at the contents given below.
How did Globalization Emerge?
The main motive behind the emergence of globalization was to fix the economy of the country. It was introduced for making an exchange of wealth among all countries in the world. For example, China falls in the category of one of the best countries for manufacturing phones, so it has established trade relations with India as well as other countries for selling its product. In the same way, India is best in the production of processed petroleum and therefore it has established trade relations with other countries.
Causes of Globalization
Improved technology makes communication easier for people around the world. It also becomes easy to share information.
- Improved Transport Facility
The improved transport facilities help people in carrying heavy loads of goods across the world.
The MNCs (Multinational Companies) include the exchange of investments and products which helps in keeping many countries interconnected.
- Labor Mobility
People are very much interested and they are also willing to move to other countries in search of a job.
The Internet makes communication possible on a global level. If there could have been no internet, it would have been very difficult to communicate with people.
Effects of Globalization
As we all know that every cause has an effect. Here globalization too has its effects. Some of the good effects of globalization are an improved education system, improved technology, better trade system, investments, competition, employment, etc. Here we will see all these effects one by one in detail.
- Improved Education
Globalization has really helped us a lot in improving our education. During today’s era students can freely move from one place to another or from one country to another in order to get better opportunities and enhance their knowledge.
- Improved Technology
We cannot at all deny the fact that globalization uplifts the technological development. Through technology now it has been easier to access foreign knowledge. Technology also makes communication easier across the world.
- Better Trade System
Globalization helps in establishing global trade in the country. It enhances the trade of the country and it also uplifts the economy of the country.
As people get a huge profit through globalization, they are now interested in making investments on a large scale. They invest in getting profit. In this way, the interest in making investments has been increased.
Globalization has increased competition among countries. Every country wants to be better than in other countries. Therefore there has been a tough competition taking place in the entire world.
We all know that globalization has increased productivity and if there is an increase in productivity it is very obvious that there will need maximum employees. In this way, globalization also helps in getting many people employed.
From the above discussion, we can conclude that globalization has a vast effect on the life of each and every human being. It helps in many ways which have been discussed above.
Essay 3 (600 Words) - Characteristics, Types, Advantages and Disadvantages of Globalization
Globalization is the act or process of exchanging products, information, technologies, etc. from one country to another. It also helps in establishing a friendly rapport among different countries. It also helps people in enhancing their knowledge and maintaining their living standards. Here we will discuss characteristics, types, and impacts of globalization.
Characteristics of Globalization
- It Connects Societies
Globalization connects the societies of the region as well as beyond the region and thus it establishes a good relationship among societies.
- International Trade Made Possible
Globalization made international economic integration possible. It also helped in global production on a large scale.
- Global Tourism
Globalization played a vital role in making global tourism possible. People became interested in traveling for the sake of trade and made money in huge amount.
- Global Brands
Globalization developed global brands that serve the country on higher or lower incomes.
- Migration of Laborers
Globalization promoted the migration of laborers. In a large number, laborers migrated from one region to another or from one country to another country.
Types of Globalization
There are three major types of globalization.
- Economic Globalization
Economic globalization is one of the most important dimensions of globalization. It is the increase in the economic interdependence of national economies across the world. It also refers to the widespread of international movements of goods, products, capitals, information, technologies, etc.
Economic globalization is spreading very fast and expanding because of a good transport system and the establishment of good telecommunication.
- Cultural Globalization
Cultural globalization is the second most important dimension of globalization. It includes the transmission of ideas, values, meaning, culture, etc. in order to extend social relations with other regions as well as with other countries. In this way the circulation of different cultures takes place.
- Political Globalization
Political globalization is the third major dimension of globalization. From the word ‘political’ we can extract that it must be something related to politics.
Political globalization is the act of making growth in the worldwide political system. Political globalization is simply the expansion of a global political system.
Advantages and Disadvantages of Globalization
As we all know that every coin has two faces similarly every cause has two kinds of effects, one is positive and another is negative. Here we will discuss both the effects of globalization.
- Arrival of New Cultures
Globalization has introduced us to many new cultures that we were not even aware of. Today we can enjoy foreign cultures, foreign food, music, etc. because of globalization.
- Arrival of New Technologies and Innovations
Globalization has also introduced us to many new technologies. In today’s era, it has been so easier to stay connected and communicate with people. It has also become easier to transfer the information as fast as possible.
- Products at Lower Costs
Globalization has also made it easier for us to access products at lower costs. Lower costs of products help people in maintaining their lifestyles better.
- Change in the Standard of Living
As the nation is developing because of globalization, people also have started developing their way of living. Now they believe in keeping their standards high and also keep it maintained.
- Increased Employment
Globalization has made rapid growth in getting people employed on a large scale. As companies are increasing, the requirements of laborers are also increasing. So employment has also been increased because of globalization.
- Recruiting Laborers from Worldwide
Globalization makes companies hire people from all over the world. But maximum time what happens is laborers feel it difficult for them to understand the language and culture of different countries.
- Unfair MNCs
MNCs are maximum times unfair with their laborers. They make them work for maximum hours and don’t pay a proper amount in return.
- Cheap Cost Paid to Labors
As we have discussed in the previous point that laborers are paid less but they are expected to work for maximum hours. In this way, it becomes difficult for them to manage their family and maintain a good lifestyle.
- Loss of Cultures
As people migrate from their country to some other country in search of jobs, they used to forget their culture and tradition and starts following the culture and tradition of the country in which they are staying.
- Local Job Loss
In order to get a job, people migrate to some other countries, in this way they lose the opportunity to work in domestic jobs.
From the above discussion, we can conclude that globalization has both negative as well as positive impacts. Both the impacts Shave been discussed in detail in the above paragraph.
FAQs: Frequently Asked Questions
Ans. The interrelation between different nations of the world is termed globalization.
Ans. Globalization is important because it enhances the interconnection between people and businesses all around the globe.
Ans. Yes, because it helps in increasing productivity, the emergence of new technologies, and the creation of economic opportunities in India.
Ans. Switzerland according to the globalization index 2020 is the most globalized country in the world.
Ans. There would be no information that what is going on in other countries of the world if there is no globalization.