Globalization and the social impact
Introduction
In this paper, we will talk about globalization and it social impact.
Globalization has defined almost every aspect of money, technology and goods. In this paper
we will make you understanding about some examples of different types of globalization and
the importance also. That’s why we hope to understand and to enjoy it.
Types of globalization
Globalization is more than just the global exchange of money, technology and goods. Below
are some examples of different types of globalization:
Economic globalization
It ongoing development of procesesses, opportunities and solving of the challenges of
economic activity around the world. It include the spread of capacitation, an increase in
market trading and exports, and the forming of global economic policies.
Cultural globalization
The sharing and trading of cultural beliefs, traditions and ideas.
Digital globalization
The sharing of data information on digital platforms that speeds up and improves howwe
connect to people around the world.
It include platforms like Facebook, Instagram and YouTube.
Financial globalization
The rise in global financial system and the exchanging of money globally. It include the global
stock market.
Political global
The development and influence of international which decide on actions and laws at an
international level. Example the European Union even the world health organization.
Social impact of globalization
Globalization is very important in inevitable in your society, therefore if we want to make the
most of global resources by sharing wealth, ideas and knowledge them globalization is a key.
It allows us to work together as one planet, investing in resources and products or countries
agreeing to work together, allows us to work together for the greater good where people can
travel, migrate and intermingling from across our planet and exchange of culture and this
international tourism can help local economies, improve job prospects for individuals and
create all kind of opportunities to explore the world.
Globalization is a term that is used in many, progressive integration of economic and societies.
It is driver by new technologies, new economic relationship and the national and international
policies of a wide range of actors, including governments, international organizations ,
business labour and civil society.
The negative impact of globalization
In other hand, globalization can bring the negative impact. While the economic impact of
globalization can be seen as a benefit for all, many argue that is operates in the interests of the
world’s richest countries. Income inequality, trade that benefits parties disproportionately, and
the criticisms against some of the countries leading the way in globalization. Where the
benefits of globalization are plain to see with great power comes great responsibility.
Globalization is complex and it’s influence on our world isn’t always positive. Therefore where
the term anti-globalization is a new term referring to those who believe globalization causes
more damage than good. Those who are part of the anti-globalization is enabling rich
companies and nation to exploit their workers , people and the environment.
According to winters et all (2004) economic growth is not the only vehicle through which
globalization can affect poverty levels.
Conclusion
In this paper we talked about globalization, the types , it’s social impact where I conclude, that
if we want to make the most of global resources by sharing wealth ideas and knowledge them
globalization is a key. On the other hand some people believe that globalization causes more
damage than good, so I hope you to like and to enjoy as a reader.
