what is meant by globalisation what are the pros & cons of globalisation,?

Answer 1

these things all our politician know that they can make corrupt in dollars and euros. thats all.. this is our Indian style

Answer 2

globalistion implies stretching of social, political and economic activities across frontiers such that events, decisions and activities in one region has effect on individuals and communities in distant regions.it is difficult to explain the process of globalisation in a few words.
pros:links the distant regions. eg u know more about the culture,society and habits of people in africa.u r also phsically connected i.e u can travell to any region in the world.it provides u with an open market eg it is not that u get only indian goods in india, u get foreign brands too.hence u can choose out of a wide variety. there is interconnectedness in term of activities and issues eg pollution is not the problem of one country but a global concern.also in terms of culture,there is a shared culture eg practice of yoga is now popular world wide.
cons:though globalisation makes facilities available to u it creates distancs between the facilites and the poor,eg:though we have high class health facilities in india, we still have a poor state of primary health care.it has been felt that globalisation also kills the local culture eg when satellite tv beams english programms it introduces us to new culturs and practices.also as the competition increases in an open market the local producers are only at a lose when bigger foreign firms benefit.hence the rich get richer and poor get poorer.

Answer 3

Globalization means different things to different people but basically it's used in terms of a global economy. For example: China has the world's largest prison labor force so if you're buying junk that is "made in China" you're supporting a Communist regime and slave labor.

China has the 2nd largest economy in the world but the per capita average is far below the world average (much less than 2nd place) which is Mexico according to the CIA World Factbook.

The pro's of globalization include: higher corporate profits (as substantiated by the previous paragraph). If I get some Chinese prisoners to make shoes for Americans to buy but then sell them at the same prices I would if I had to pay American labor wages then I keep the profits. Yay, for me!

The con's you should see rather clearly by now. If you don't try not thinking for the rest of your life. It'll only cause brainpain.

Otherwise, my question is: what are you going to do about it? Start by copying this and sending it to your fellow Americans.

Answer 4

It is generally the changing of the country to become more compatable with the U.S. Leading ultimately to a world-government led by the U.S and co. (Think U.N..)

Pros- Faster development, better services in general, a more compatable economy open to foreign investment. Better relations with globalised countries.

Cons- Being under the thumb of the US, loss of money via corruption and debt, selling the 'soul' of your country to multi-national corporations. Opening the country to international laws (many may inhibit growth and development).

Answer 5

globalization is that in which a local place allows international market to enter their "business world"... something like.. for example penetration of the giant business people...

it would be beneficial for those international business men but the local business men would suffer.. why? this is because international sellers can sell their goods at lower prices because they can afford it and they have a lot of "branches" all over the world and a lot of income consequently... while the local sellers couldn't lower the prices of their goods since they only sell locally and hence smaller source of income as compared to the international ones...

another thing is that, of course, as a buyer, which one would you choose? the international goods of lower price and somewhat higher quality? or the local goods of higher price and somewhat lower quality? ofcourse the cheaper one.. as a result.. international sellers grow more and more...

its more like of a competition between international and local goods... so some third world countries really would not benefit from globalization...

i hope i have explained it well! :D

Answer 6

Globalization, or globalisation is the increasing interdependence, integration and interaction among people and corporations in disparate locations around the world. It is an umbrella term which refers to a complex of economic, trade, social, technological, cultural and political interrelationships. The term has been used as early as 1944, however Theodore Levitt is usually credited with its first use in an economic context.

Definitions
A typical - but restrictive - definition can be taken from the International Monetary Fund,[2] which stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology.

While being a complex and multifaceted array of phenomena, globalization can be broken down into separate aspects:

industrial globalization (alias transnationalization) - rise and expansion of multinational enterprises
financial globalization - emergence of worldwide financial markets and better access to external financing for corporate, national and subnational borrowers
political globalization - spread of political sphere of interests to the regions and countries outside the neighbourhood of political (state and non-state) actors
informational globalization - increase in information flows between geographically remote locations
cultural globalization - growth of cross-cultural contacts

Positive and negative effects
The term "globalization" is used to refer to these collective changes as a process, or else as the cause of turbulent change. The distinct uses include:

Economically, socially and ecologically positive: As an engine of commerce; one which brings an increased standard of living — prosperity — to Third World countries and further wealth to First World countries.
Economically, socially, and ecologically negative: As an engine of "corporate imperialism;" one which tramples over human rights in developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.
It is often argued that even terrorism has undergone globalization, with attacks in foreign countries that have no direct relation with the attackers' own country.[4][5]

Since World War II, barriers to international trade have been considerably lowered through international agreements such as the General Agreement on Tariffs and Trade (GATT). Particular initiatives carried out as a result of GATT and the WTO, for which GATT is the foundation, have included:

Promotion of free trade
Of goods:
Reduction or elimination of tariffs; construction of free trade zones with small or no tariffs
Reduced transportation costs, especially from development of containerization for ocean shipping.
Of capital: reduction or elimination of capital controls
Reduction, elimination, or harmonization of subsidies for local businesses
Intellectual property restrictions
Harmonization of intellectual property laws across nations (generally speaking, with more restrictions)
Supranational recognition of intellectual property restrictions (e.g. patents granted by China would be recognized in the US)

Answer 7

What I understand by it is if the world can adopt the same currency, it means that Not one single person in America and Britain will have to be poor.


(other countries will of course, and they will get by in the shadow of our success..blah blah blah).

Answer 8

Currently, globalisation means americanisation. And there is nothing good in it.