Question

INDIVIDUAL TASK: INSIGHT PAPER

Globalization is experienced by different units of the society. Using the ideas that you already knew about it, assess your personal experience of globalization in your family. The idea and the experience of "family" may include its extended members (uncles, aunts, cousins, grandparents).

Guide questions are provided.

Use the pronouns I, we, me, our, mine, and ours to make your composition truly personal.

Structure/Format

I. Introductory Paragraph: Context/Background. Your last sentence must be your main point.

II. Body Paragraph 1: Assess the effects of political, economic and cultural globalization to your family. What are the benefits and drawbacks of this multifaceted phenomenon? (At least two benefits and two drawbacks.)

III. Body Paragraph 2: How have you and your family responded and is responding to these benefits and drawbacks?

IV. Concluding Paragraph

Answer 1

INTRODUCTION

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Globalization and family

Conecting globalization with family lives ,we tend to understand Globalization to be a modern, anonymous, and unrestrained force, while the concept of families implies tradition, restrictions, intimacy, and close control even when there is clearly the types of distinctions that obscures the fact that globalization has greatly impacted nation-states’ and families’ abilities to control their economic and social well-being.

Globalization has been accompanied by the movement and restructuring of jobs, and has changed the role that
the nation-state plays in supporting families’ economic health, income, and maintenance.

As a growing global ideology that stresses entrepreneurship and self-reliance pervades even the most remote regions, the concept of social support services is quickly disintegrating. Globalization has transformed not just the role of nation-states, but also of families’ abilities to maintain and protect their
members. Families are compelled to be more self-reliant in an environment where they may have fewer options available to them.

We can say that In our contemporary environment, globalization directly and indirectly affects family life
through the strategies and programs created by economic and social policies. In order to
strengthen national capacities that prioritize and reinforce families, it is necessary to
understand the complex relationship between globalization and work-family issues,
family poverty, and the social exclusion of certain groups from mainstream societies.
While there is no general consensus among policy scholars and politicians about how to
define family policy, a wide range of studies stress that all policy making should assess
the impacts of various explicit and implicit social policies from a more holistic, family
perspective

Much of the focus on globalization
has been on the flow of money and capital between countries, the changing role of
governments vis-a-vis their citizenry, the increased movement and migration of individuals within and between countries, and the growth and expansion of multinational
corporations and transnational organizations.

Globalization effecting my family economically

Economists were among the first to try to quantify the different components of globalization in their attempt to assess its impact on economic growth (Dollar and Kraay, 2004; Dreher, 2006). Indeed, the measures of globalization commonly employed have been exclusively economic, commonly proxied by e.g. total imports and exports or foreign direct investment, expressed as a share in GDP.

Globalization affects my life in more ways that imaginable. The clothes I'm wearing are different than the ones I wore 10 years ago in the sense that the very cotton it's made from could be from a foreign country, as the U.S. has been losing dominance as the biggest cotton exporter. I believe in a religion that started in Europe thousands of years ago. I eat food that is the main dish in other cultures. I had the ability to fly down to Florida in a few hours. My keyboard was manufactured by a japanese company in a factory over in Japanese. And even my great great grandparents moving here in the first place was a result of globalization.

Globalisation effecting my family culturally

The major consequences of globalization have been: the transmogrification of traditional religions and belief systems; the beginning of the disintegration of the traditional social fabrics and shared norms by consumerism, cyber-culture, newfangled religions and changing work ethics and work rhythms; the fast spreading

For example - earlier in India love marriage was considered unethical in our society but now every things have changed quite a bit . just last year i attended my aunt's had her lovely love marriage

New things are added to our cultures like the valentine weeks and chritsmas .

Globalisation effecting my family politically

By political globalisation we mean the diffusion of government policies internationally. Political globalization refers to the organization of different countries into trade blocs. Examples of trade blocs are the European Union, the WTO and G8. These organizations help to spread ideologies like democracy, protect human rights, intervene to solve misunderstandings and aid in international agreements.

For me personally my business has flousrish due to corporate tax Tax cuts, results in more money in the hands of the private sector, can offer people more incentive to produce and contribute to the economy

Benifit of multifaceted phenomenon

Pros of economic globalization:

• Cheaper prices for products and services (more optimized supply chains)
• Better availability of products and services
• Easier access to capital and commodities
• Increased competition
• Producers and retailers can diversify their markets and contribute to economic growth

Cons of economic globalization:

• Some countries struggle to compete
• Extractive behavior of some foreign companies and investors in resource-rich countries preventing economic diversification
• Strong bargaining power of multinational companies vis-à-vis local governments
• “Contagion effect” is more likely in times of crises
• Problems of “social dumping”

Pros of political globalization:

• Access to international aid and financial support
• It contributes to world peace. It reduces risk of invasions, more checks on big powers and limitationn on nationalism
• International organizations are often committed to spread values like freedom and to fight abuses within countries
• Smaller countries can work together and gain more influence internationally
• Governments can learn from each other

Cons of political globalization:

• State sovereignty is reduced
• The functioning of international and supranational organizations is often not “democratic” in terms of representation and accountability
• Big countries can shape decisions in supranational organizations
• Sometimes countries can veto decisions and slow down decision making processes
• Coordination is difficult and expensive

Pros of cultural globalization:

• Access to new cultural products (art, entertainment, education)
• Better understanding of foreign values and attitudes. Less stereotyping and fewer misconceptions about other people and cultures
• Instant access to information from anywhere in the world
• Capacity to communicate and defend one’s values and ideals globally
• Customisation or adaptation of global cultural trends to local environment (“mestisage”)

Cons of cultural globalization:

• Spread of commodity-based consumer culture
• Dangers of cultural homogenization
• Westernization, cultural imperialism or cultural colonialism
• Some small cultures may lose their distinct features
• Dangerous or violent ideals can also spread faster

Individually globalisation has always had an positive effect on me and my family for ever ,however the situation is always changing every year and government is also changing further india also has a complex multilayered governance in the country.

CONCLUSION

Globalization is defined in a variety of ways depending on the circumstances. In general it refers to the opening of local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with the free flow of capital, goods, and services across national frontiers. This can be interpreted as meaning the integration of world politics, economies and cultures from one country or countries upon another country or countries. This integration also includes and is not limited to countries' political, cultural, educational, and perhaps religious views. In practical terms it can also refer to the relinquishing of any trade barriers or tariffs that results in uninhibited economic development across all countries. Globalization in this context often refers to the idea that instead of having many different markets, all the world is one gigantic market