Globalisation is the process of the worlds systems becoming increasingly interlinked. Advancements in technology has resulted in improved transport and communication systems which has increased flows of people, capital and goods between countries globally. This has resulted in a 'shrinking world', a concept which suggests that the world isbecoming smaller due to the increased speed of global connections. For example, today more and more people can communicate easily withothers on the other side of the world due to the development of the internet and mobile phones.
As for how globalisation affects us, it probably affects us in more ways than you may think. If it wasn't for globalisation and the increasing number of connections betweenplaces many of the consumer goods that we own, such as an iPhone, would be much less accessible and certainly much more expensive. It also affects us positivelyboth economically and culturally. Today, nearly all jobs in the secondary and tertiary sectors of employment are linked to the process of globalisation with many businesses having international links. Also, globalisation has increased international migration which has resulted in multicultural societies.
However, globalisation is also affecting us in a negative way. Increasedtransportation and the global shift of polluting manufacturing industries has resulted in environmental degradation. Pollution is affecting people's health and having a negative impact on biodiversity levels globally. Also, increased transport connections has resulted in carbon dioxide, methane and other greenhouse gas emissions into the atmosphere. These emissions arecontributing to climate change which will have an increasing impact on our daily lives in the future due to the increased frequency and intensity of hydrological and meteorological events such as droughts, flooding and tropical storms.
FAQs
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
How does globalization affect you and me? ›
On an individual level, globalization has affected the standard of life and quality of life of individuals and families throughout the world. Standard of living is the level wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.
What does globalization mean to you and how has it affected the world? ›
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.
What is globalization in your own words? ›
Globalization refers to the increasing interdependence of the world's economies, cultures, and populations as a result of cross-border trade in commodities and services, technology, and investment, people, and information flows.
How does globalization affect our world? ›
Globalization has paved the way for new markets, enhanced trade and investment, and fostered cross-border technology and knowledge transfers. These developments have contributed to greater economic growth, improved productivity, and job creation in numerous areas worldwide.
How does globalization affect society? ›
Globalization, or the way that people around the world have become more connected politically, economically, and socially, has had many positive effects in the world. Because of globalization, you can purchase cheaper goods, communicate with individuals from all over the world, and work in just about any country.
How does globalization affect you personally and to society? ›
It has led to increased interconnection and dependence between countries and regions, promoting the formation of an international society. However, globalization has also resulted in increased inequality between countries, with some segments of society benefiting more than others.
How does globalization affect us as a student? ›
Access to information: Globalization has facilitated the easy and widespread access to information through the internet and digital technologies. Students can access educational resources, research papers, and online courses from institutions around the world, expanding their knowledge and learning opportunities.
How does globalization bring us together? ›
Globalization, meanwhile, has brought the world together by encouraging more trade among nations, more open financial institutions, and a greater flow of investment capital across international borders. In a globalized economy, countries and businesses are connected in more ways than ever before.
What are the positive and negative effects of globalization? ›
Globalisation has been positive by improving the quality of life in many countries. On the other hand, there have been negative impacts of globalisation, such as increased global inequality, increased corruption, loss of jobs and environmental degradation, to name a few.
Globalization is economically facilitated by free trade agreements, which permit barrier-free imports and exports across borders. While globalization brings many advantages—including lower prices and higher standards of living—it also has drawbacks, including wealth concentration and cultural hom*ogenization.
Why is globalization important in simple words? ›
Why is globalization important? Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of international economic activity, expanding trade, opening global supply chains and providing access to natural resources and labor markets.
What is globalization and example? ›
Thus, globalization can be defined as the stretching of economic, political, and social relationships in space and time. A manufacturer assembling a product for a distant market, a country submitting to international law, and a language adopting a foreign loanword are all examples of globalization.
What comes in your mind when you hear globalization? ›
When we hear the word “globalization,” what typically comes to mind are container ships, economic terms like “offshoring” and “trade deficit,” or international tensions or agreements. But there may be no better symbols of real globalization than a local restaurant or your favorite show on TV.
Why is globalization important to the US? ›
Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.
