Question

In: Other

What does the term ‘globalization’ mean to you, and how does it relate to the idea of world development?

What does the term ‘globalization’ mean to you, and how does it relate to the idea of world development? From what you have heard before this class, do you see globalization as a good or bad issue for the United States economically? Why?


Solutions

Expert Solution

Globalization is the spread of products,technology,information,and jobs across national borders and cultures.

In economic point of view, it can be defined as an interdependence of nations around the globe for their trade and other neccesities.

Socially,it refers to interaction among various social categories.

Culturally, its refers to exchange of ideas,values, religion and philoshiphial ideas.

Politically, globalization promote formation of intergovenmental organization such as UNITED NATIONS ORGANIZATION and WORLD TRADE ORGANIZATION.

Globalization and world development

Globalization helps in raising the standard of people residing in poor and less developed countries by creating Job opportunity for them, modernization, transfer of technology,providing education and financial assistance.

Due to globalization less developed countries get access to all types of goods services.at the same time Manufacturer get a large market for their goods and services and cheap raw material ,labor force for their factory.

Government worldwide have integrated a free market economic system by free trade agreement with the help of WTO.

The evolution of this system promoted more industrialization and resulted in world development.

Various organization such as UNO,UNFCCC are working for peace and world development which form as a result of globalization..

Globalization and United state of America

POSITIVE IMPACT

Globalization benefited entire world.

Due to globalization, USA companies got the market of less developed nation such as India,Korea and other country.

Spread of soft power of USA in central Asia,India and Pakistan.

Availability of raw material and labor at cheap rate for USA based companies.

USA emerge as a superpower as a result of globalization.

Negative impacts

Refugee crisis from middle east and african countries.

Destruction of job oppurtunity for local people because foreigner take that jobs.

Life and expenses during several war fought for world development.

USA contributed a large money to international organizations..

Threat from terrorism as globalization makes is very easy to move and spread.


Related Solutions

What do Communication Scholars mean when they use the term SelfConcept? How does this idea...
What do Communication Scholars mean when they use the term Self Concept? How does this idea of Self relate to Chapter 8 and Culture? Please describe in detail what Culture means? and How Culture is defined? and How Culture is built? What show did we watch in class to understand this phenomena? How does the show help us to understand the idea of the Self? What conclusions do you draw about your own Culture with a better understanding of Self...
1. What is an opportunity cost? How does the idea relate to the definition of economics?...
1. What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain. 2. Cite three examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and...
What does it mean if a molecule is kinetically stable? How does this relate to the...
What does it mean if a molecule is kinetically stable? How does this relate to the free energy change of the reaction?
What does globalisation mean in and how does it relate to economic transformation
What does globalisation mean in and how does it relate to economic transformation
What is globalization? Define this term. Has the world experienced globalization before? Explain the different eras...
What is globalization? Define this term. Has the world experienced globalization before? Explain the different eras of globalization. When we assess the impact of globalization right now, what issues are we most concerned with, in Globalization 4.0? Why?
What does the term “Direct Rate” mean? What does the term “Burden Rate” mean? Can you...
What does the term “Direct Rate” mean? What does the term “Burden Rate” mean? Can you give an example? (Project Management)
How does corruption affect development? What is corporate governance? How does its definition relate to the...
How does corruption affect development? What is corporate governance? How does its definition relate to the shareholder value argument?
What does it mean for a molecule to show ALLOSTERIC properties? How does this relate to...
What does it mean for a molecule to show ALLOSTERIC properties? How does this relate to enzymes? That is, what does it mean if an enzyme is allosterically activated? How about inhibited? What mechanism(s) can explain how this is possible?
What does iconoclastic mean, and how does it relate to the sacramental and prophetic priciples?
What does iconoclastic mean, and how does it relate to the sacramental and prophetic priciples?
How does the brain development relate to Piaget's theory?
How does the brain development relate to Piaget's theory?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT