Types of Globalization in the Contemporary World and Their Impact
Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. But not until the 19th century did global integration take off. The aim of this globalization in contemporary world essay is to define types and roles of globalization and what impact it makes.
Globalization is the world used to describe the 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. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life.
The State and Nation is affected by globalization in term of its economic progress brought about by high tech of gadgets and other most sophisticated communication technologies like cellphones, laptops, TV station, computers and other form of social media platform, such as YouTube, Facebook, twitter and Instagram are now very easy to use and connect and communicate with your friends and relatives even they are in any part of the universe. Our communication technology brings us to the most exciting experience by connecting to people that of utmost important to us. Even in our new set up of our Educational system during this crisis on global pandemic teachers tends to use different social media platform to bring efficient and quality teaching instructions, where there is no face-to-face classes was observed but through online class using computers, laptops and cellphones, still the teachers give their lesson and discuss it using Zoom apps, google meet and google classroom to make the students learning become feasible and meaningful. It is one good benefits that we can derived from globalization, Aside from that, our highly modernized form of transportation also elevate our curiosity and interest to travel abroad back and forth in the most convenient way, you've made to experience to travel in places, you've somehow believes impossible to happen without this highly modernized and highly sophisticated transportation facilities . As of now, there are plenty of newly invented transportation vehicles that plays of great importance to human life be it land transportation, such as LRT, Tren, Van, PUV, Bus, tricycle and many others. And for water transportation, we have Yacht, motor boat, cargo vessels, ship, submarine, and cruises. These are the different water transportation that helps you to explore traveling the different beautiful countries via water transport. And the third one is the air transportation. Air transport is considered the fastest and most convenient way of transporting one country to another countries it is highly modernized transportation, and if one nation has good access to air transportation people do travelling experience anytime of the day without encountering any hassle. They do not have something to bother on their mind if they need to travel because all of the mode of transportation are really reliable and available. Globalization supports new job opportunities but also contributes to job displacement. It does not significantly change to the total number of positions in the economy, as job numbers are primarily driven by business cycles.
The first form of globalization that I am discussing is the Technological globalization where everybody is a living witness about the benefits that it can give to people lives. The next form of globalization is through Economic globalization where in commercialization is being practice. The exchange of goods through imports and export of basic commodities for example the Philippines exported coconut, banana, mango, sugarcane and manila hemp to other countries bring and give it more dollar to the Philippines that surely help boost the economy of the Philippines but on the other hand the Philippines also buy or import gasoline from the other countries in return because Philippines do not have an abundant gasoline and petroleum deposit. With the exchange of goods both countries are benefited to boom and boost their economy. The third type of globalization is the Financial globalization is speak out about the global financial system this means that if you wish to travel abroad before leaving the Philippines your peso currency must be first converted it to the money currency of the country that you are supposed to be visited because your money of peso currency will not be accepted there for without converted that to dollar if you wish to visit USA and Yen if you wish to visit Japan. It considered Financial Globalization because at that time that value of dollar will decrease the value of peso also decrease and all the financial trades will also being affected such that widely happened and observed in the stock market, International Financial Exchange and Monetary Exchanges.
The fourth type of globalization is Cultural globalization. In this type of globalization, foreigner who came to visit Philippines while they were making their Blogs and documentaries about the Banaue Rice Terraces and meet the Ifugao folk they foreigner will also try to wear bahag as a sign of respect to the culture and tradition of the said place regardless of their own culture, costume and tradition.
The 5th type of globalization is the Political globalization. The political globalization can be seen in the South-East Asian Nation where political leaders gather together and share their common interest during ASIAN SUMMIT just to talk and discuss the prevailing issues of their respective country.
The 6th type of globalization is the sociological globalization. It is an ongoing process that involves interconnected changes in the economic, cultural, social and political aspects of the society. As a result it involves the ever increasing integration of this very interesting topics between nations, regions, communities and even the isolated
The 7th type of globalization is the Ecological globalization where in this focus on the proper care of the environment just to protect our mother earth. Some of the solid group that gives to much of importance to this are the candidates of Miss earth because they believed that all people are under the shade of one atmosphere so during the climate change all countries will also affected. Miss Earth organization spearheaded the tree planting every year just to solve problems on climate change and other global challenge through school tours, street campaign, clean up drives and speaking engagement just to talk about saving the mother earth and encourage everyone to partake the caring and protecting our environment through being responsible protector of the earth.
Globalization allows companies to find lower-cost ways to produce their products. It also increase global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already developed countries live better on less money. In generalization, globalization the costs of manufacturing. This means that companies can offer of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods. A process where, people, companies, and governments from different nations interact and integrate through international trade and investment has effects on the environment, culture, political systems, economic development, and human physical well-being in societies around the world. Through the internet, media, planes, international business, and embassies we are now more connected to each other than ever before. It not and only about trade there is also the cultural aspects to it. Through it, different cultures meet and people get to know and understand the various ways of life and accept them.
If you ask me personally about my opinion if do these institutionconcepts relevant? My answer is yes why? Because we are speaking and talking about globalization means wider and has a very broad scope so every institution are connected to another for example the stock market if the dollar value decline other commercial trade including our economy is also affected but in the long run globalization give more positive impact to the lives of our people. They make to become smart, intelligence, knowledgeable because the end users of globalization is the people. Why do we use this highly sophisticated gadgets, laptops and computers to make as globally competitive in term of finding works, and even for making survival just to find a decent job and build up our dream in welcoming a bright tomorrow and a better future through globalization.
In globalization countries are enable to access less expensive natural resources and lower cost labor. As a result, they can produce lower cost goods that can be sold globally. Some benefits that the people may derived from globalization are as follows: It help solves economic problems, promote free trade, spur economic development, encourage positive trends in human right and the environment and shared cultural understanding. Because of globalization, people around the globe are reunited and that could be seen in mass social and cultural gathering like miss universe, miss world, miss earth and many other beauty pageant hold across the globe.
Why did globalization help solves the economic problems of some the country? It is primarily because globalization has the power to moves jobs and capital to places that need these resources for example the services of Jollibee, almost of the provinces of the Philippines has its own branch so this is an indication that company transfer their money to some particular places in order to sold their services in a very affordable prices. On the other hands, Jollibee need to hire and create new job for the people in order to prosper their business and because of strong competition, the Jollibee need to create more braches here in the Philippines and even there in abroad.
Globalization also promote free trade because other nation are under pressure to decrease the tariffs, subsidies and other obstacles along free trade and help the other , makes companies more competitive and give considerate lower price for the consumers.
Globalization also empowered the poor countries to have an access to their much needed capital and technologies there country most likely do not have. Financial and technological aspects that rich country shared or offered would surely of great help to an individuals in some country in order to alleviate their income and to enjoy all the walks of life and giving an individuals with a much more improve quality of living.
We previously talk on the positive aspects of globalization, now let us have overview on the negative impact of globalization. One common and recognized effect of globalization is that it favors Westernization, meaning that other nation-states are at a disadvantage when dealing with the Americas and Europe. This is particularly true in agricultural industry, in which second and third-world nations face competition from western companies. Another potential effect is that nation-states are forced examine their economic policies in light of the many challenges and opportunities that multinational corporation and other entities of international commerce present.
Multinational Corporation, In particular, challenge nation-states to confront the unique issue of foreign direct investment, forcing nation-state to determine how much international influence they allow in their economies. Globalization also creates a sense of interdependence of power among nations of different economic strengths.
The role of the nation-state in a global world is largely a regulatory one as the chief factor in global interdependence. While the domestic role of the nation-state remains largely unchanged, state that were previously isolated are now forced to engage with one another to set international commerce policies. Through various economic imbalances, these interactions may lead to diminished roles for some states and exalted roles for others. So in other words nation-state who decided to join globalization and avail access for financial assistance from the multinational corporation will still suffer from interdependence because they could not have free will to move and acts without consulting the multinational corporation about their plan.
So, therefore, Globalization has gave more positive impact to the lives of the people to have decent way of living and much more comfortable life but it also have negative effect or impact to nation-state for it shown function imbalance from the multinational corporation most likely those state covered by Westernization such US and Europe.
