Globalization the Term Globalization Means a Process

Globalization

The term globalization means a process of increased interconnectedness among countries especially in terms of economy, politics as well as culture. The effect of globalization has been felt positively in all corners of the world this is due to the fact that it has been associated with most vital issues.

A section of economists analyze globalization as a fast train which a country needs to build a platform so that it gest on. The platform tends to be establishing a foundation to make sure that the country functions well. These can be property rights and rule of law, reliable infrastructure as well as education and health for the people. For this to be achieved international organizations such as non-governmental organizations, bilateral aid agencies and World Bank are working with the developing countries in establishing such foundations to assist them in preparing for global integration. If the government does not provide that foundation as well as basic services, there will no possibility of poor people taking advantage offered through globalization therefore they may be left behind.

Globalization has been associated with the most vital issues such as: Improved technology in transportation and telecommunications. It is due to globalization that there has been ever-increasing capacity for and efficiency of the way people and things communicate and move. Looking at the past years people across the globe were not able to communicate well and had difficulties in interaction. However, globalization has brought easy way of communicating and interaction, for instance, fax, phones, instant message or video conference call are easily used to connect people. Plane flights are also available which can be used to move within hours to any parts of the world.

Globalization has been associated with movement of people and capital. A wider increase in opportunity, transportation technology and awareness has given people a chance of moving allover the world searching for new jobs, homes or to flee areas of danger as noted by Bhagwati Jagdish (2004). Many cases of migration happen between developing countries because of their lower standards of living and due to their lower wages people are forced to look for places with greater opportunity for economic success. Moreover, capital can now be easily moved globally through the help of electronic transference and also through a rise in perceived investment opportunities. Investors find developing countries to be the popular places for investing their capitals since they have enormous room for growth.

Diffusion of knowledge is a vital issue associated with globalization. Knowledge has spread out or diffuses widely from their sources. For example, in any case a new invention or way of doing something has come up, this secret is not confined for a long time, and it is spread out to other places so that it is used. Some of the inventions are: emergence of computers and even phones, automotive farming machines for instance in South Asia.

Non- Governmental Organizations (NGOs) and Multinational Corporations are also a part of globalization. A number of organizations have come up due to the global awareness of some issues. Non-Governmental Organizations bring people who are unaffiliated with the government together so that they become nationally or globally focused, (Shah Anup. 2012). Some of the NGOs include Doctors without Borders or Amnesty International.

When countries become connected to the rest of the world in terms of increased communication and transportation they tend to form a market. As more and more market continues to widen up, people who participate in business come under one umbrella to form multinational corporations that access the new market.

Globalization helps in easing of borders, this makes countries become dependent on each other for them to thrive. Formation of stable government through the help of globalization proves to be influential in the face of an increasingly economic world as well.

Through globalization countries have benefited a lot globally. It has made foreign cultures to be greatly accessed in the forms of music, movies, clothing, food, among others. Governments are now able to work together for a common goal since there are formed cooperation which make them have improved ability to interact and coordinate as well as a global awareness of issues. It has also made developing countries to have the opportunity to benefit from current technology without having to go through pains which are being experienced during development of these technologies. Because of global competition, creativity as well innovations are encouraged, and the prices of commodities or services are being put in check. When more money is being poured in to the developing countries, there is likelihood of these countries citizens to succeed economically as well as increasing their standards of living, Wolf, Martin (2004).