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Effects of Globalizatio
Globalization is the global alliance in matters of the trade, economy as well as the culture, in the literal sense; globalization is the transformation of a regional phenomenon into a global ones. It can also be described as the process in which people around the world get unified to form a one society that functions together. Globalization heavily banks upon worldwide by its expansions and integration. Due to advancement in the field of technology, today, the world at large has shrunk into a village, given that globalization has swept all the boundaries in politics. Globalization in general is the combination of technological, economic, socio-cultural and the political forces. This paper hence analyzes the effects of globalization while comparing the cultural differences in the Middle East, the Europe and America as well as analyzing a SWOT analysis on how to develop the country market entry strategy.
Globalization has got different definition, according to Palmer, (2003), he defines globalization as "the diminution or elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result."
Effects of Globalization
Globalization has got several aspects in which it affects the world in different ways which includes the industry, the competitors, and information. Globalization has brought oppression in flexibility and ever-changing working situations rather than bringing steady jobs which have a higher income. An outsourcing is one of the factors which have made securities in jobs to be something of distant past. The effects of the globalization are in many ways manifold, globalization affects various aspects of economy of the world bringing about an overall of financial betterment (Rugman, 2003).
The impacts of globalization exert an intense influence on financial condition and industrial sectors of nations. Globalization gave birth to some markets that are based on the industrial productions all over the world. This in return tends to widen the access to diverse variety of the foreign commodities that can be consumed by customers, hence owing to marketing strategies undertaken with diverse corporations. In today's world economic arena, globalization has facilitated the formation of the common worldwide markets on a basis of liberal exchange to cash as well as, kinds. As political globalization is so much concerned, this has helped to form a world government so as to normalize existing interactions within the countries. It has also ensured a right emerging of economic as well as, social globalization (Rugman, 2003).
Globalization has caused jobs erosion in almost every country as well as, fueling unemployment. This has come as a result of where employers in many cases threatens to take some jobs a broad so as to save the money, several employees within the country are afraid to face layoffs and pay cuts at the end. White-collar jobs become so vulnerable to that kind of the risk. The above scenario in most cases causes emotional unrest along with disorientation in an individual (Rugman, 2003).
Globalization has brought the borrowing of culture among the different states. This can be an advantage and it can also serve as a disadvantage. It is an advantage in that it makes people from other states to learn about the cultures of different people from other states thus enhancing the bond between the different states and they also learn to appreciate as well as, respect other cultures. It is a disadvantage in that other people may adopt other culture fully at the expense of their own. This may lead to the fading away of a particular culture since the people of that particular region have embraced a different culture and have shunned their original culture. This situation must be avoided at all costs so that people cannot forget their original roots (Rugman, 2003).
Globalization on the other hand, seems to be responsible for ever-rising gaps existing between impoverished majority and affluent few. The feeling of resentment fails to predict well for the society. In this case, globalization tends to make big multinationals plus corporations to be powerful enough so that it interferes with policy making of the country. The interest of people tends to get jeopardized since they are willing to call shots. Globalization has as well contributed to ecological risks with a rise in global inequalities (Rugman, 2003).
Globalization has thrown varied challenges for example inequality among different nations, the volatility in the financial market have spurt open while there has been worsening in environmental situations. The other negative or impacts of globalization is an aspect where the majority of the third world countries used to stay away from limelight. Till in the early nineties when globalization process became guarded by the trade and financial barriers. The economic integration which was brought by globalization also enabled most countries to free flow of the information, technologies as well as, people. The integration brought different dimensions such as cultural, political and socio-economic (Rugman, 2003).
Globalization worldwide has created enormous trade imbalances proving unsustainable. It is however argued true that, most countries have globalized labor as well as, capital, although, most of those countries have not globalized consumption. Most workers who are in a low wage countries but benefits from globalization in most cases they don't earn enough to make them purchase kinds of consumable products they may be producing. As the result, some consumers such as those who stay in America and other countries who are already been developed are still expected to drive factories in countries like China and other countries who still experience a low wage (Rugman, 2003).
Globalization has also contributed to a world of the economies in different ways. The advancement in science and the technology today allows most businesses to cross the territorial boundary lines with an ease. As a result, many companies happen to become extremely productive and competitive raising the quality of products and the living standards of people in the whole world. Secondly, a number of companies from developed countries have managed to venture them in establishing foreign operations taking an advantage of the low cost in terms of labor in poorer countries. This type of businesses activities normally provide influx of investment funds to countries which are less developed (Rugman, 2003).
Globalization has led to the introduction of education in those states that were remote and could not access education. This is of a great benefit since knowledge which is power is being passed to large population so as to face out illiteracy which is a major problem in the developing countries. The introduction of education is also being embraced by most of the states of the Middle East since they have come to terms with the importance of educating their children, only a small number are still opposing the idea, especially the idea of educating the girl child.
In conclusion, globalization is very inevitable; therefore, every individual, the companies and the governments should be urged to use balanced approach in order to take appropriate steps in dealing with matters which are related to financial and economical gains.
Comparing Cultural differences in the Middle East, Europe, and America. Comparing religions, culture, government, food, work, and daily activities ethics, and negotiations, ruling of the governments, conflicts, resolutions
Religious differences in the Middle East, Europe, and America
Globalization has impacted both positively and negatively all around the globe. The Middle East states have portray a varied attitude towards different forms of globalization, for instance, the Islamic of the Middle East unlike the Latin America or the East Asia, are not in support of globalization. They have the perception that the introduction of globalization will put their culture in harm. They view globalization as a threat to their culture. According to an East Scholar, Rubin, unless the Islamic of the Middle East find something to write home to in the whole globalization issue, the continued rebellion will not cease (Moncada-Paterno-Castello, Vivarelli, & Voigt, 2011).
Globalization has played an important role in bringing together the Muslims who had segregated themselves. When studied carefully, the Middle East participation in the globalization activities is seen to be more active as compared to the other parts of the world. To view globalization as westernization, as once said by a Professor who studied Islamic, just show that one is turning behind eye to the tremendous development such as improvement in the infrastructure, and the introduction of technology which played a major role in dispelling the Palestinian-Israel conflict bringing them together to discuss issues related to the region. The professor also goes on by saying that globalization has created a better of what Islamic is and what it entails to be a Muslim in the Middle East states (Moncada-Paterno-Castello, Vivarelli, & Voigt, 2011).
For any state to grow economically, they have to be ready to embrace the introduction of the new innovations which come as a result of globalization. They must be able to adjust to the changes that come with globalization. Some of the Middle East states should loosen up to…[continue]
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