Globalization's effects on economic, social, and political daily life
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Complexities of Economic, Social and Political Landscapes and Three Benefits and Negative Impacts of Globalization on Daily Life
This work in writing will address the complexities of economic, social and political landscapes and three benefits and negative impacts of globalization on daily life. Towards this end a literature review will be conducted followed by an analysis and conclusion.
Globalization
Globalization has impacted every aspect of daily life across the globe since the shirt one wears may be from Mexico or some other country (Scriven, 2014, paraphrased) their shoes from China and amazingly, it is possible to eat a Big Mac in Moscow. Globalization means that there are more choices for consumers and more consumers for producers of goods. The impact of globalization has been felt all across the globe and in the economic, political and social sectors of society. Several decades ago little was known by the American citizen about the politics of foreign countries or their political actors but that has all changed globalization of media and specifically the Internet has made it possible to access information not only about other countries but websites from other countries at the touch of a finger. Access to information and knowledge about other locations in the world and other cultures has undergone rapid expansion and this means that today's individual is more knowledgeable and well-informed than previous generations. Globalization has been very good in some ways. Furthermore, those who live in countries with open markets are seeing a growth in their annual income. (Batterson and Weidenbaum, 2000, paraphrased)
Analysis and Conclusion
Globalization has had many positive and negative effects on daily life across the globe. Each day individuals from diverse backgrounds and various countries are in communication with one another for business purposes as well as for economic and political purposes. Finally, the same diversity of the human population are also socially connected and all of these links across the globe has changed the face of the global society and the way that life, economics, politics and business is conducted.
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- Batterson, R. and Weidenbaum, M. (2001) The Pros and Cons of Globalization. Center for the Study of American Business. Jan 2001. Retrieved from: https://wc.wustl.edu/files/wc/imce/the_pros_and_cons_of_globalization.pdf ↗
- Globalization (2014) English Online. Retrieved from: http://www.english-online.at/economy/globalization/advantages-and-disadvantages-of-globalization.htm ↗
- Scriven, J. (2014) The Impact of Globalization on the Consumer. Business Journal Review. Retrieved from: http://www.neumann.edu/academics/divisions/business/journal/Review2014/Scriven.pdf ↗
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