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Essay on Globalisation

Globalization means the integration of economies and societies through the flow of information, ideas, technology, goods, services, capital, finance, and people. The true meaning of Globalization in a broad sense is connecting in all areas of human life. It is the process by which other companies or organizations enhance their international reputation or start operating internationally. 

Globalization began thousands of years ago when people and companies bought and sold in distant lands. In the Middle Ages, Central Asia was connected to China and Europe via the famous Silk Road. After World War II and the last two decades, governments of many countries have adopted free-market economies. They have greatly increased their own production potential and created countless new opportunities for international trade and investment. New routes and means to transport goods have been discovered, which has allowed the people to expand their business easily and efficiently. 

The government has reduced all trade barriers and concluded new international agreements to promote trade in goods, services and investment. This profitable action has created opportunities for international trade. In foreign markets, companies with these new opportunities set up new factories and establish production and marketing relationships with foreign partners. Hence, Globalization is defined as an international industrial and financial enterprise.

Overview of Globalization

Globalization means the assimilation of economics and societies through the flow of information, ideas, technologies, goods, services, capital, finance, and people. The real meaning of Globalization in a broad sense is connectivity in all aspects of human life. It is the process where the businesses or other organizations expand international authority or start operating on an international scale.

How the Existence of Globalization Came Into Being?

Globalization had started many thousands of years ago when people and corporations were buying and selling across lands at great distances. In the middle age, Central Asia connected with China and Europe through the famed Silk Road. After the Second World War II and during the last two decades, the governments of many countries have adopted free-market economic systems. They increased their own productive potential immensely and created innumerable new opportunities for international trade and investment.

The governments have reduced all barriers to commerce and established new international agreements to promote trade in goods, services and investments. These beneficial measures gave rise to opportunities for global trade. With these new opportunities in the foreign markets, corporations established new factories and started production and marketing alliances with foreign partners. Hence, Globalization is defined as an international industrial and financial business structure.

Advantages and Disadvantages

The frontiers of the state with increased confidence in the market economy and renewed policies in the private capital and resources, a process of structural adjustment spurred by the studies and with the support of the World Bank and other international organizations have started in many of the developing countries. Globalization has also brought in new opportunities to developing countries. Greater access to developed country markets and technology transfer has promised to improve their productivity and higher standards. 

At the same time, Globalization has also created challenges like growing inequality across and within nations, instability in the financial market and environmental deterioration. Globalization is a fascinating exhibition that can be understood as a global system of competition and connectivity. It has created tough competition among countries and global corporations.

Impact of Globalization in India

The British Colonial rule had destroyed the self-sufficient economy of India and left India to be the poorest Independent country. Our first Prime Minister gave preference to a mixed economy to boost the economic condition of the country. Public sectors were set up along with the private enterprises, but because of the socialistic model of the economy, the new strategy did not produce profitable results. Due to this, a number of public sectors became sick and the growth rates of production began to fall. 

During that time, the poverty of the people in India was increasing at an alarming rate and because of low domestic savings and acute balance of payment crisis, there was no adequate capital for investment. During that time of crisis, Prime Minister PV Narsimha Rao introduced the policy of liberalization, privatization to overcome the financial situation. 

India opened up to Globalization after the economic policy of 1991 came into force. Mounting debts and pressure from the International Monetary Fund drove the nation to go global. The process of Globalization has been an integral part of the recent economic growth of India. Globalization has played a very significant role in the growth of export, leading to the expansion of the job market in India. One of the major sectors of Globalization in India has been in the growth of outsourced IT and Business Process Outsourcing services. There has been an incredible increase in the number of skilled professionals in India employed by domestic and foreign companies to cater service to the customers globally, especially in the USA and Europe. 

There was not a doubt that Globalization in India brought a monumental change in the living standards of the people. People in India realized many benefits from Globalization. The establishment of multinational companies generating billions of jobs and access to umpteen numbers of brands and an increase in the forex reserves of the country took India to a higher platform globally. Despite this monumental change in the economy of the country, India also faced the challenges of severe competition from the foreign market and the domestic producers started fearing marginalization and pulverization because of the better quality products produced by the foreign producers.

Globalization had both desirable and undesirable consequences for India and the world. Even though it has accelerated progress in some countries, it has also widened the gap between the rich and the poor.

The impact of Globalization has been both positive and negative on the entire world, but we can surely hope for more advancement in the global economy due to this process.

FAQs on Globalisation Essay

1. How Did Globalization Help India to Improve the Economic Conditions?

Globalization generated umpteen employment opportunities for the people of India by establishing multinational companies. The policy of liberalization and privatization invited foreign traders to do business with India. This has increased the inflow of men, money, material, labor, technology, etc., from foreign countries to India. People have access to foreign brands and the living standards have improved drastically.

2. How is Globalization a Threat to Domestic Producers?

The domestic producers fear marginalization and pulverization because of the entry of foreign and better quality products.

3. What are the advantages and disadvantages of Globalization?

With increasing confidence in market economies and new policies on private capital and resources, many developing countries are beginning to adapt to developments with the support of the World Bank and other international institutions involved in research and development. Globalization also offers new opportunities for developing countries. Greater access to markets in developed countries and the transfer of technology will increase their productivity and demand.

At the same time, Globalization has created challenges such as increasing inequality between and within countries, instability of financial markets and environmental degradation. Globalization is an interesting exhibition that can also be seen as a system of competition and international relations. This has created intense competition between countries and international companies. 

4. What do you mean by Globalization?

Globalization means the integration of economies and societies through the flow of information, ideas, technology, goods, services, capital, finance, and people. The true meaning of Globalization in a broad sense is a connectedness in all areas of human life. It is the process by which other companies or organizations enhance their international reputation or start operating internationally. Globalization has its own benefits and drawbacks. We can learn more about Globalization and how to write an essay on it in detail on the Vedantu website, which has all the necessary materials that students need in order to write an essay on Globalization. 

5. How can Globalization help India improve its economic situation?

In our present times, Globalization has been a boon to many people as it not only allows companies to expand their business but also makes things accessible for everyone. In a simple sense, we can say that it helps in connecting people with the world. Globalization has created many job opportunities in India through the creation of multinational companies. Policies of liberalization and privatization have encouraged foreign traders to trade with India. This has increased the number of people, money, materials, labor, technology and so on—inflows from abroad to India. People have access to foreign brands and the standard of living has improved significantly.

6. How does Globalization threaten domestic producers?

Domestic producers are afraid of marginalization and due to the entry of foreign and better quality products into the market. Globalization can be associated with increasing income and wealth inequality. Many of the world's poorest people lack access to basic technologies and public goods. They are excluded from treatment. Some critics of globalization point to the loss of economic and cultural diversity as international multinational giants and brands dominate domestic markets in many countries. Globalization can hinder competition if international companies with dominant brands and high technology gain a foothold in key markets, be it telecommunications, the automotive industry, and so on.

7. What are the main industries that have grown tremendously because of Globalization?

The integration of national economies into the global economy is one of the most important developments of the last century. This process of integration, often referred to as Globalization, has manifested itself in a tremendous increase in cross-border trade.

The outsourcing business has grown exponentially due to Globalization. The main industries resulting from Globalization are trade and commerce. Automobile companies, clothing manufacturers and transportation, are the three main industries taken over as a result of Globalization.

Essay on Globalization for Students and Children

500+ words essay on globalization.

Globalization refers to integration between people, companies, and governments. Most noteworthy, this integration occurs on a global scale. Furthermore, it is the process of expanding the business all over the world. In Globalization, many businesses expand globally and assume an international image. Consequently, there is a requirement for huge investment to develop international companies.

How Globalization Came into Existence?

First of all, people have been trading goods since civilization began. In the 1st century BC, there was the transportation of goods from China to Europe. The goods transportation took place along the Silk Road. The Silk Road route was very long in distance. This was a remarkable development in the history of Globalization. This is because, for the first time ever, goods were sold across continents.

Globalization kept on growing gradually since 1st BC. Another significant development took place in the 7th century AD. This was the time when the religion of Islam spread. Most noteworthy, Arab merchants led to a rapid expansion of international trade . By the 9th century, there was the domination of Muslim traders on international trade. Furthermore, the focus of trade at this time was spices.

True Global trade began in the Age of Discovery in the 15th century. The Eastern and Western continents were connected by European merchants. There was the discovery of America in this period. Consequently, global trade reached America from Europe.

From the 19th century, there was a domination of Great Britain all over the world. There was a rapid spread of international trade. The British developed powerful ships and trains. Consequently, the speed of transportation greatly increased. The rate of production of goods also significantly increased. Communication also got faster which was better for Global trade .

Finally, in 20th and 21st -Century Globalization took its ultimate form. Above all, the development of technology and the internet took place. This was a massive aid for Globalization. Hence, E-commerce plays a huge role in Globalization.

Get the huge list of more than 500 Essay Topics and Ideas

Impact of Globalization

First of all, Foreign Direct Investment (FDI) increases at a great rate. This certainly is a huge contribution of Globalization. Due to FDI, there is industrial development. Furthermore, there is the growth of global companies. Also, many third world countries would also benefit from FDI.

Technological Innovation is another notable contribution of Globalization. Most noteworthy, there is a huge emphasis on technology development in Globalization. Furthermore, there is also technology transfer due to Globalization. The technology would certainly benefit the common people.

The quality of products improves due to Globalization. This is because manufacturers try to make products of high-quality. This is due to the pressure of intense competition. If the product is inferior, people can easily switch to another high-quality product.

To sum it up, Globalization is a very visible phenomenon currently. Most noteworthy, it is continuously increasing. Above all, it is a great blessing to trade. This is because it brings a lot of economic and social benefits to it.

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Essay on Globalisation

List of essays on globalisation, essay on globalisation – definition, existence and impact (essay 1 – 250 words), essay on globalisation (essay 2 – 250 words), essay on globalisation – in india (essay 3 – 400 words), essay on globalisation – objectives, advantages, disadvantages and conclusion (essay 4 – 500 words), essay on globalisation – for school students (class 6,7,8,9 and 10) (essay 5 – 600 words), essay on globalisation (essay 6 – 750 words), essay on globalisation – for college and university students (essay 7 – 1000 words), essay on globalisation – for ias, civil services, ips, upsc and other competitive exams (essay 8 – 1500 words).

The worldwide integration of people, services and interests is what globalisation is all about. Since the last decade, there has been a tremendous focus on globalisation with everyone trying to have a reach at even the remotest locations of the world. This has probably been possible due to the advancement in technology and communication.

Audience: The below given essays are especially written for school, college and university students. Furthermore, those students preparing for IAS, IPS, UPSC, Civil Services and other competitive exams can also increase their knowledge by studying these essays.

The word ‘Globalization’ is often heard in the business world, in corporate meetings, in trade markets, at international conferences, in schools, colleges and many other places. So what does globalization symbolize? Is it a new concept or did it exist earlier? Let’s see.

Definition:

Globalization refers to the integration of the world nations by means of its people, goods, and services. The statement – ‘ globalization has made the world a small village ’ is very true.

Countries inviting foreign investment, free trade and relaxation in the visa rules to allow seamless movement of people from one country to another are all part of globalization.

In a nutshell, globalization has reduced the distance between nations and its people.

Many among us refer to the current period that we live in as ‘The Era of Globalization’ and think that the process of globalization has started only recently. But the real fact is that globalization is not a new phenomenon . The world was moving towards globalization from a very long time. The term globalization was in existence since mid-1980s. But it was only from the early 21 st century that globalization picked up momentum due to the advancements in technology and communication.

Impact of Globalization:

Globalization has more positive outcomes than the negative ones. The impact of globalization on the developing countries such as India, China and some African countries are overwhelming. Foreign investments have created a lot of employment opportunities in the developing countries and have boosted their economy. Globalization has also enabled people to interchange their knowledge and culture.

Conclusion:

Although the world is not completely globalized, we can very well say that globalization is the best way to achieve equality among nations.

In simple words, globalization means the spreading of a business, culture, or any technology on an international level. When the boundaries of countries and continents matter no more, and the whole world becomes one global village in itself. Globalization is an effort to reduce the geographical and political barriers for the smooth functioning of any business.

There are four main factors that form the four pillars of globalization. These are the free flow of goods, capitals, technology, and labors, all across the world. Although, many of the experts that support globalization clearly refuse to acknowledge the free flow of labor as their work culture.

The international phenomenon of global culture presents many implications and requires a specific environment to flourish. For instance, it needs the other countries to come to a mutual agreement in terms of political, cultural, and economic policies. There is greater sharing of ideas and knowledge and liberalization has gained a huge importance.

Undoubtedly, globalization helps in improving the economic growth rate of the developing countries . The advanced global policies also inspire businesses to work in a cost-effective way. As a result, the production quality is enhanced and employment opportunities are also rising in the domestic countries.

However, there are still some negative consequences of globalization that are yet to be dealt with. It leads to greater economic and socio-cultural disparities between the developed and the developing countries. Due to the MNC culture, the small-scale industries are losing their place in the market.

Exchanges and integration of social aspect of people along with their cultural and economic prospects is what we term as Globalization. It is considered as a relatively new term, which has been in discussion since the nineties.

Initial Steps towards Globalization:

India has been an exporter of various goods to other countries since the earlier times. Hence Globalization, for India, is not something new. However, it was only around in the early nineties that India opened up its economy for the world as it faced a major crisis of severe crunch of foreign exchange. Since then, there has been a major shift in the government’s strategies while dealing with the PSUs along with a reduction in the monopoly of the government organisations perfectly blended with the introduction of the private companies so as to achieve a sustainable growth and recognition across the world.

The Measurement of Success:

The success of such measures can be measured in the form of the GDP of India which hovered around 5.6% during the year 1990-91 and has been now around 8.9% during the first quarter of 2018-19. In fact, in the year 1996-97, it was said to have peaked up to as high as 77.8%. India’s global position is improved tremendously due to the steady growth in the GDP thus furthering the impact of globalization on India. As on date, India is ranked as the sixth biggest economy in the world. This globalization leading to the integration and trade has been instrumental in reducing the poverty rate as well.

However, given the fact that India is the second most populated country of the world, after China, this growth cannot be considered as sufficient enough as other countries such as China have increased their growth rates at much faster pace than India. For instance, the average flow of FDI in India, over the past few years has been around 0.5% of the GDP while for countries such as China it has been around 5% and Brazil has had a flow of around 5.5%. In fact, India is considered among the least globalized economy among the major countries.

Summarily, there has been a tremendous increase in the competition and interdependence that India faces due to Globalization, but a lot is yet to be done. It is not possible for a country to ignore the developments and globalization occurring in the rest of the world and one need to keep the pace of growth at a steady rate or else you may be left far behind.

The twentieth century witnessed a revolutionary global policy aiming to turn the entire globe into a single market. The motive of globalization can broadly define to bring substantial improvement in the living condition of people all around the world, education, and shelter to everybody, elimination of poverty, equal justice without any race or gender consideration, etc. Globalization also aims to lessen government involvement in various development activities, allowing more direct investors/peoples’ participation cutting across border restrictions thus expected to reap reasonable prosperity to human beings.

Main Objectives of Globalization:

The four main aspects of globalization are; Capital and Investment movements, Trade and Transactions, Education and Spread of knowledge, along with Migration and Unrestricted Movement of People.

In simpler terms, globalization visualizes that one can purchase and sell goods from any part of the world, communicate and interact with anyone, anywhere in the world and also enables cultural exchange among the global population. It is operational at three levels namely, economic globalization, cultural globalization, and political globalization. Right from its inception, the impact of globalization has both advantages and disadvantages worldwide.

Advantages of Globalization:

As the word itself suggests, this policy involves all the nations across the globe. The lifting of trade barriers can have a huge impact especially in developing countries. It augments the flow of technology, education, medicines, etc., to these countries which are a real blessing.

Globalization expects to create ample job opportunities as more and more companies can extend their presence to different parts of the world. Multinational companies can establish their presence in developing countries. Globalization gives educational aspirants from developing and underdeveloped countries more quality learning opportunities. It leads not only to the pursuit of best higher education but also to cultural and language exchanges.

Globalization also enhances a faster flow of information and quick transportation of goods and services. Moreover one can order any item from anywhere merely sitting at home. Another plus point of globalization is the diminishing cultural barriers between nations as it offers free access and cultural interactions . Also, it has been observed that there is a considerable reduction of poverty worldwide due to globalization . In addition to this, it also enables the effective use of resources.

Disadvantages of Globalization:

Globalization turned out to be a significant threat to the cottage and small-scale industries as they have to compete with the products of multi-national companies. Another dangerous effect of globalization is the condition of weak sections of the society, as they are getting poorer and the rich are getting richer. The situation leads to the domination of economically rich countries over emerging countries and the increase of disparity.

The actions of multi-national companies are deplorable and always facing criticism from various social, government and world bodies as they are incompetent in offering decent working conditions for the workers. Irrational tapping of natural resources which are instrumental in causing ecological imbalance is another major accusation against multi-national companies.

Globalization is also blamed to have paved the way for human trafficking, labor exploitation and spread of infectious diseases too. In addition to all these, if any economic disaster hit a country and if they subsequently suffer from economic depression, its ripples are felt deeply in other countries as well.

Despite all its disadvantages, globalization has transformed the entire globe into a single market irrespective of its region, religion, language, culture, and diversity differences. It also leads to an increase in demand for goods, which in turn calls for more production and industrialization. Our focus should be to minimize the risks and maximize the positive outcome of global policy, which in turn can help for a sustainable long-standing development for people all around the world.

Introduction:

Globalization is the procedure of global political, economic, as well as cultural incorporation of countries . It lets the producers and manufacturers of the goods or products to trade their goods internationally without any constraint.

The businessman fetches huge profit as they easily get low price workforce in developing nations with the concept of globalization. It offers a big prospect to the firms who wish to deal with the global market. Globalization assists any nation to contribute, set up or amalgamate businesses, capitalize on shares or equity, vending of services or products in any country.

How does the Globalization Work?

Globalization benefits the international market to the entire deliberate world like a solitary marketplace. Merchants are spreading their extents of trade by aiming world as a worldwide community. In the 1990s, there was a limit of importing some goods that were already mass-produced in India such as engineering goods, agricultural products, toiletries, food items, etc.

But, in the 1990s the rich countries pressurize the WTO (World Trade Organization), World Bank (affianced in improvement financing activities), and IMF (International Monetary Fund) to let other nations spread their trades by introducing market and trade in the deprived and emerging countries. The process of liberalization and globalization in India began in the year 1991 below the Union Finance Minister Mr. Manmohan Singh.

After numerous years, globalization has fetched major uprising inside the Indian marketplace when international brands arrived in India such as KFC, PepsiCo, Mc. Donald, Nokia, IBM, Aiwa, Ericsson, etc., and began the delivery of an extensive variety of quality goods at low-cost rates.

The entire leading brands presented actual uprising of globalization at this time as a marvellous improvement to the economy of an industrial sector. Rates of the quality goods were also getting low owing to the cut-throat war happening in the marketplace.

Liberalization and globalization of the businesses in the Indian marketplace is submerging the quality of imported goods but influencing the local Indian businesses badly in large part causing the job loss of illiterate and poor labors. Globalization has remained a goldmine for the customers, but it is also a burial ground for the small-scale manufacturers in India.

Positive Influences of Globalisation:

Globalization has influenced the education sectors and students of India predominantly by making accessible the education material and enormous info on the internet. Association of Indian universities with the overseas universities has fetched a massive modification in the education business.

The health industries are too influenced enormously by the globalization of health observing electronic apparatuses, conventional drugs, etc. The trade globalization in the agricultural sector has provided a range of high-quality seeds possessing disease-fighting property. But, it is not beneficial for the underprivileged Indian agriculturalists owing to the reason of expensive seeds as well as agricultural equipment.

Globalization has given an enormous rebellion to the occupation sector by increasing the growth of trades related to the handloom , cottage, artisans and carving, carpet, jewellery, ceramics, and glassware, etc.

Globalization is definitely required by the people and nation to progress and turn into an established society and country. It benefits in expanding our visualization and thoughts. It also aids in endorsing the philosophy that we fit in a huge crowd of persons, i.e., the humankind. Once the two nations congregate, they flourish by sharing their beliefs, thoughts, opinions, customs, and behaviors. People come to know new things and also acquire a chance to discover and get acquainted with other values.

Globalization has provided many reasonably priced valued goods and complete economic welfares to the emerging nations in addition to the employment. But, it has also given growth to the crime, competition, terrorism, anti-national activities, etc. Thus, along with the pleasure it has supplied some grief too.

Globalization is a term that we hear about every now and then. Question is; do we really know what it is all about? Globalization is defined as the process of integration and interaction among people, cultures and nations who come together in order to get things done easily through contact. Globalization began with the migration of people from Africa to different parts of the world. Global developments have been achieved in various sectors through the different types of globalization. The effects of globalization have been felt in every part of the world and more people continue to embrace it. Globalization has some of its core elements that help in the process.

Types of Globalization:

Globalization does not just transform a sector unless the strategies are related to that specific sector. The first type of globalization is financial and economic globalization whereby interaction takes place in the financial and economic sectors especially through stock market exchange and international trade. The other type is technological globalization which involves the integration and connection of different nations through technological methods like the internet. Political globalization transforms the politics of a nation through interactions with adoption of policies and government that cut across other nations. Cultural globalization is basically the interaction of people from different cultures and sharing. Ecological globalization is the viewing of the earth as one ecosystem and sociological globalization is on equality for all people.

Elements of Globalization:

Globalization works with characteristic elements. Trade agreements is one of the components that significantly benefits the economic and financial globalization. These trade agreements have been designed to promote and sustain globalization by preventing barriers that inhibit trade among nations or regions. Another element is capital flow that is concerned with the measures of either a decline or a rise in domestic or foreign assets. Migration patterns is a socio-economical and cultural element that monitors the impacts of immigration and emigration actively. The element of information transfer involves communications and maintains the functioning of the markets and economies. Spread of technology is an element of globalization that facilitates service exchanges. Without these elements, globalization would have faced many challenges, which would even stagnate the process of globalization.

Impacts of Globalization:

The impact of globalization is felt differently among individuals but the end result will be either positive or negative. Globalization has impacts on the lives of individuals, on the aspects of culture, religions and education. The positive impacts of globalization include the simplification of business management through efficiency. In business, the quality of goods and services has increased due to global competition. Foreign investment has been facilitated by globalization and the global market has been able to expand. Cultural growth has been experienced through intermingling and accommodation. Interdependence among nations has developed and more people have been exposed to the exchange program between nations. Improvement of human rights and legal matters has improved through media and technology sharing. Poverty has been alleviated in developing countries due to globalization and also employment opportunities are provided. Through technology, developments have been positively influenced in most parts of the world.

Although globalization has positive impacts, the negative impacts will remain constant unless solutions are sought. One of the negative effects of globalization is job insecurity for some people. Through globalization, more innovations are achieved, for e.g., technology causes automation and therefore people get replaced and they lack jobs. Another negative impact is the frequent fluctuation of prices of commodities that arises from global competitions. On the cultural side, the fast food sector has become wide spread globally, which is an unhealthy lifestyle that was adopted due to globalization. Also, Culture has been negatively affected for people in Africa because they tend to focus more on adopting the western culture and ignore their cultural practices.

Possible Solutions to the Negative Impacts of Globalization:

Globalization has impacted the society negatively and some of the solutions might help to mitigate the impacts. When adopting cultures from other people, it is important to be keen on the effects of the culture on the people and the existing culture being practiced. For example, Africans should not focus more of the western culture such that they ignore their own culture.

In conclusion, it is evident that globalization results in both negative and positive consequences. The society should embrace the positive and mitigate the negative impacts. Globalisation is a dynamic process which involves change, so flexibility among people is a must.

The buzzword befitted to describe the growth of Modern Indian economy is ‘Globalization’. But what exactly is Globalization? Globalization can be defined as integrating the economy of a country with the rest of the countries of the world. From the Indian perspective, this implies encouraging free trade policies, opening up our economy to foreign direct investment, removing constraints and obstacles to the entry of multinational corporations in India, also allowing Indian companies to set up joint ventures abroad, eliminating import restrictions, in-short encouraging Free Trade policies.

India opened its markets to Global Trade majorly during the early Nineties after a major economic crisis hit the country. New economic reforms were introduced in 1991 by then Prime Minister Shri. P V. Narasimha Rao and Finance Minister at the time, Dr. Manmohan Singh. In many ways, the new economic policies positively contributed to the implementation of the concept of Globalization in India.

It’s Impact:

1. Economic Impact :

Globalization in India targets to attract Multinational Companies and Institutions to approach Indian markets. India has a demography with a large workforce of young citizens who  are in need of jobs. Globalization has indeed left a major impact in the jobs sector. Indian companies are also expanding their business all over the world. They are driving funds from the bigwigs of the Global economy.

The Best example in today’s time is OYO Rooms, a budding Indian company in the hospitality sector. OYO Rooms recently made headlines when it declared to raise a fund close to $1 Billion from Japan’s Soft Bank Vision Fund. Globalization has also led the Indian Consumer market on the boom. The Giant of FMCG (fast-moving consumer goods) sector WALMART is also enthusiastic and actively investing in the India market.

2. Socio-Cultural impact on the Indian Society:

The world has become a smaller place, thanks to the social networking platforms blooming of the internet. India is a beautiful country which takes immense pride in “Unity in Diversity” as it is home to many different cultures and traditions. Globalization in India has left a lasting impression on the socio-cultural aspect of Indian society.

Food chains like McDonald’s are finding its way to the dining tables. With every passing day, Indians are indulging more and more in the Western culture and lifestyle. But Globalization in India has also provided a vibrant World platform for Indian Art, Music, Clothing, and Cuisine.

The psychological impact on a common Indian Man: The educated youth in India is developing a pictorial identity where they are integrating themselves with the fast-paced, technology-driven world and at the same time they are nurturing the deep roots of Indian Culture. Indians are fostering their Global identity through social media platforms and are actively interacting with the World community. They are more aware of burning issues like Climate Change, Net neutrality, and LGBT rights.

Advantages:

India has taken the Centre Stage amongst the Developing Nations because of its growing economy on the World Map. Globalization in India has brought tremendous change in the way India builds its National and International policies. It has created tremendous employment opportunities with increased compensations.

A large number of people are hired for Special Economic Zones (SEZs), Export Processing Zones (EPZs), etc., are set up across the country in which hundreds of people are hired. Developed western countries like USA and UK outsource their work to Indian companies as the cost of labour is cheap in India. This, in turn, creates more employment. This has resulted in a better standard of living across the demographic of young educated Indians. The Indian youth is definitely empowered in a big way.

Young lads below the age of 20 are now aspiring to become part of global organizations. Indian culture and morals are always strengthening their roots in modern world History as the world is now celebrating ‘International Yoga Day’ on 21st June every year. Globalization in India has led to a tremendous cash flow from Developed Nations in the Indian market. As a positive effect, India is witnessing the speedy completion of Metro projects across the country. Another spectacular example of newly constructed High-end Infrastructure in the country is the remarkable and thrilling ‘Chenani-Nashri Tunnel’, Longest Tunnel in India constructed in the State of Jammu and Kashmir. Globalization has greatly contributed in numerous ways to the development of Modern India.

Disadvantages:

As there are so many pros we cannot turn a blind eye to the cons of Globalization which are quite evident with the Indian perspective. The worst impact is seen in the environment across Indian cities due to heavy industrialization. Delhi, the capital of India has made headlines for the worst ever air pollution, which is increasing at an alarming rate.

India takes pride in calling itself an Agriculture oriented nation, but now Agriculture contributes to fragile 17% of the GDP. Globalization in India has been a major reason for the vulnerable condition of Indian Farmers and shrinking Agriculture sector. The intrusion of world players and import of food grains by the Indian Government has left minimal space for Indian farmers to trade their produce.

The impact of westernization has deeply kindled individualism and ‘Me factor’ and as a result, the look of an average Indian family has changed drastically where a Nuclear family is preferred over a traditional Joint family. The pervasive media and social networking platforms have deeply impacted the value system of our country where bigotry and homophobia are becoming an obvious threat.

One cannot clearly state that the impact of Globalization in India has been good or bad as both are quite evident. From the economic standpoint, Globalization has indeed brought a breath of fresh air to the aspirations of the Indian market. However, it is indeed a matter of deep concern when the Indian traditions and value system are at stake. India is one of the oldest civilizations and World trade has been the keystone of its History. Globalization must be practiced as a way towards development without compromising the Indian value system.

Globalisation can simply be defined as the process of integration and interaction between different people, corporations and also governments worldwide. Technology advancement which has in turn advanced means of communication and transportation has helped in the growth of globalisation. Globalisation has brought along with it an increase in international trade, culture and exchange of ideas. Globalisation is basically an economic process that involves integration and interaction that deals also with cultural and social aspects. Important features of globalisation, both modern and historically are diplomacy and conflicts.

In term of economy, globalisation involves services and goods, and the resources of technology, capital and data. The steamship, steam locomotive, container ship and jet engine are a few of the many technological advances in transportation while the inception of the telegraph and its babies, mobile phones and the internet portray technological advances in communications. These advancements have been contributing factors in the world of globalisation and they have led to interdependence of cultural and economic activities all over the world.

There are many theories regarding the origin of globalisation, some posit that the origin is in modern times while others say that it goes way back through history before adventures to the new world and the European discovery age. Some have even taken it further back to the third millennium. Globalisation on a large-scale began around the 1820s. Globalisation in its current meaning only started taking shape in the 1970s. There are four primary parts of globalisation, they are: transactions and trade, investments and capital movement, movement and migration of people and the circulation of knowledge and information. Globalization is subdivided into three: economic globalisation, political globalisation and cultural globalisation.

There are two primary forms of globalisation: Archaic and Modern Globalisations. Archaic globalisation is a period in the globalisation history from the period of the first civilisations until around the 1600s. Archaic globalisation is the interaction between states and communities and also how they were incepted by the spread by geography of social norms and ideas at different levels.

Archaic globalisation had three major requirements. First is the Eastern Origin idea, the second is distance, the third is all about regularity, stability and inter-dependency. The Silk Road and trade on it was a very important factor in archaic globalisation through the development of various civilisations from Persia, China, Arabia, Indian subcontinent and Europe birthing long distance economic and political relationships between them. Silk was the major item from China along the Silk Road; other goods such as sugar and salt were also traded.

Philosophies, different religious beliefs and varying technologies and also diseases also moved along the Silk Road route. Apart from economic trade, the Silk Road also was a means of cultural exchange among the various civilisations along its route. The cultural exchange was as a result of people’s movement including missionaries, refugees, craftsmen, robbers, artists and envoys, resulting in religions, languages, art and new technologies being exchanged.

Modern globalisation can be sub-divided into early modern and Modern. Early modern globalisation spans about 200 years of globalisation between 1600 and 1800. It is the period of cultural exchange and trade links increasing just before the modern globalisation of the late 19 th century. Early modern globalisation was characterised by Europeans empires’ maritime of the 16 th and 17 th centuries. The Spanish and Portuguese Empires were the first and then we had the British and Dutch Empires. The establishment of chartered companies (British East India Company and the Dutch East India Company) further developed world trade.

Modern Globalisation of the 19 th century was as a result of the famed Industrial Revolution. Railroads and steamships made both local and international transportation easier and a lot less expensive which helped improve economic exchange and movement of people all over the world, the transportation revolution happened between 1820 and 1850. A lot more nations have embraced global trade. Globalisation has been shaped decisively by the imperialism in Africa and in Asia around the 19 th century. Also, the ingenious invention in 1956 of the shipping container has really helped to quicken the advancement of globalisation.

The Bretton Woods conference agreement after the Second World War helped lay the groundwork for finance, international monetary policy and commerce and also the conception of many institutions that are supposed to help economic growth through lowering barriers to trade. From the 1970s, there has been a drop in the affordability of aviation to middle class people in countries that are developed. Also, around the 1990s, the cost of communication networks also drastically dropped thus lowering the cost of communicating between various countries. Communication has been a blessing such that much work can be done on a computer in different countries and the internet and other advanced means of communications has helped remove the boundary of distance and cost of having to travel and move from place to place just to get business done.

One other thing that became popular after the Second World War is student exchange programmes which help the involved students learn about, understand and tolerate another culture totally different from theirs, it also helps improve their language skills and also improve their social skills. Surveys have shown that the number of exchange students have increased by about nine times between 1963 and 2006.

Economic globalisation is differentiated from modern globalisation by the information exchange level, the method of handling global trade and expansionism.

Economic Globalisation:

Economic globalisation is just the ever increasing interdependence of economies of nations worldwide caused by the hike in movement across borders of goods, services, capital and technology. Economic globalisation is basically the means of increasing economic relationships between countries, giving rise to the birth of a single or global market. Based on the worldview, Economic globalisation can be seen as either a negative or positive thing.

Economic globalisation includes: Globalisation of production; which is getting services and goods from a source from very different locations all over the world to gain from the difference in quality and cost. There is globalisation of markets; which is the coming together of separate and different markets into one global market. Economic globalisation includes technology, industries, competition and corporations.

Globalisation today is all about less developed countries and economies receiving FDI (Foreign Direct Investment) from the more developed countries and economies, reduction in barriers to trade and to particular extent immigration.

Political Globalisation:

Political globalisation is going to on-the-long-run drop the need for separate nation or states. Institutions like the International Criminal court and WTO are beginning to replace individual nations in their functions and this could eventually lead to a union of all the nations of the world in a European Union style.

Non-governmental organisations have also helped in political globalisation by influencing laws and policies across borders and in different countries, including developmental efforts and humanitarian aid.

Political globalisation isn’t all good as some countries have chosen to embrace policies of isolation as a reactionary measure to globalisation. A typical example is the government of North Korea which makes it extremely difficult and hard for foreigners to even enter their country and monitor all of the activities of foreigners strictly if they allow them in. Citizens are not allowed to leave the country freely and aid workers are put under serious scrutiny and are not allowed in regions and places where the government does not want them to enter.

Intergovernmentalism is the treatment of national governments and states as the major basic factors for integration. Multi-level governance is the concept that there are many structures of authority interacting in the gradual emergence of political globalisation.

Cultural Globalisation:

Cultural globalisation is the transmission of values, ideas and meanings all over the world in a way that intensify and extend social relations. Cultural globalisation is known by the consumption of different cultures that have been propagated on the internet, international travel and culture media. The propagation of cultures helps individuals to engage in social relations which break regional boundaries. Cultural globalisation also includes the start of shared knowledge and norm which people can identify their cultures collectively; it helps foster relationships between different cultures and populations.

It can be argued that cultural globalisation distorts and harms cultural diversity. As one country’s culture is inputted into another country by the means of globalisation, the new culture becomes a threat to the cultural diversity of the receiving country.

Globalisation has made the world into one very small community where we all interact and relate, learn about other cultures and civilisations different from ours. Globalisation has helped improve the ease of doing business all around the world and has made the production of goods and services quite easy and affordable. Globalisation isn’t all good and rosy as it can be argued that Globalisation is just westernisation as most cultures and beliefs are being influenced by the western culture and belief and this harms cultural diversity. Nevertheless, the good of globalisation outweighs the bad so globalisation is actually a very good thing and has helped shape the world as we know it.

Economics , Globalisation

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• Essay On Globalisation

Globalisation Essay

500+ words essay on globalisation.

Globalisation can be defined as a process of integration of the Indian economy with the world economy. Globalisation has been taking place for the past hundred years, but it has sped up enormously over the last half-century. It has increased the production and exchange of goods and services. Globalisation is a positive outcome of privatisation and liberalisation. Globalisation is primarily an economic process of interaction and integration associated with social and cultural aspects. It is said to be an outcome of different policies to transform the world towards greater interdependence and integration. To explain, in other words, Globalisation is a concept or method of interaction and union among people, corporations, and governments universally.

The top five types of globalisation are:

1. Cultural globalisation

2. Economic globalisation

3. Technological globalisation

4. Political globalisation

5. Financial globalisation

Impact of Globalisation on the Indian Economy

After urbanisation and globalisation, we can witness a drastic change in the Indian economy. The government-administered and established economic policies are imperative in planning income, investment, savings, and employment. These economic policies directly influence while framing the basic outline of the Indian economy.

Indian society is critically impacted by cross-culture due to globalisation, and it brought changes in different aspects of the country in terms of political, cultural, economic and social.

However, the main factor is economic unification which contributes maximum to a country’s economy into an international economy.

Advantages of Globalisation

Labour access: Due to globalisation, nations can now access a broader labour pool. If there is any shortage of knowledgeable workers in any developing nation, they can import labour from other countries. On the other hand, wealthier countries get an opportunity to outsource their low-skill work to developing nations with a low cost of living to reduce the cost of goods sold and move those savings to the customers.

High standard of living: After Globalisation, the Indian economy and the standard of living have increased. The change can be observed in the purchasing behaviour of an individual, especially those associated with foreign companies. Hence, most cities are upgraded with a better standard of living and business development.

Resource Access : The primary reason for trade is to gain access to the resources of other countries. It would have been impossible to produce or manufacture luxurious goods if the flow of resources across countries was not permissible—for example, Smartphones.

Impact of Globalisation

Globalisation in terms of economy is associated with the development of capitalism. The introduction of Globalisation has developed economic freedom and increased the living standard worldwide. It has also fastened up the process of offshoring and outsourcing. Due to outsourcing, transnational companies got an opportunity to exploit medium and small-sized enterprises intensively at a low price worldwide. As a kind of economic venture, outsourcing has increased, in recent times, because of the increase in quick methods of communication, especially the growth of information technology (IT).

Privatization of public utilities and goods, such as security, health, etc., are also impacted by Globalisation. Other goods, such as medicines or seeds, are considered economic goods and have been integrated into recent trade agreements.

This essay on Globalisation will help students to understand the concept more accurately. Students can also visit our BYJU’S website to get more CBSE Essays , question papers, sample papers, etc.

Frequently Asked Questions on Globalisation Essay

What are the benefits of globalisation.

Globalisation gives countries access to foreign cultures and technological innovation from more advanced countries. It provides improved living standards to people. The global exposure it gives has resulted in the emergence of new talent in multiple fields.

What are the main elements of globalisation?

Principle elements of globalisation are international trade, foreign investment, capital market flows, labour migration, and diffusion of technology.

What are the different types of globalisation?

Political, economic and cultural globalisation are the main types of globalisation.

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ENCYCLOPEDIC ENTRY

Globalization.

Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

Anthropology, Sociology, Social Studies, Civics, Economics

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Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result. It may be pictured as the threads of an immense spider web formed over millennia, with the number and reach of these threads increasing over time. People, money, material goods, ideas, and even disease and devastation have traveled these silken strands, and have done so in greater numbers and with greater speed than ever in the present age. When did globalization begin? The Silk Road, an ancient network of trade routes across China, Central Asia, and the Mediterranean used between 50 B.C.E. and 250 C.E., is perhaps the most well-known early example of exchanging ideas, products, and customs. As with future globalizing booms, new technologies played a key role in the Silk Road trade. Advances in metallurgy led to the creation of coins; advances in transportation led to the building of roads connecting the major empires of the day; and increased agricultural production meant more food could be trafficked between locales. Along with Chinese silk, Roman glass, and Arabian spices, ideas such as Buddhist beliefs and the secrets of paper-making also spread via these tendrils of trade. Unquestionably, these types of exchanges were accelerated in the Age of Exploration, when European explorers seeking new sea routes to the spices and silks of Asia bumped into the Americas instead. Again, technology played an important role in the maritime trade routes that flourished between old and newly discovered continents. New ship designs and the creation of the magnetic compass were key to the explorers’ successes. Trade and idea exchange now extended to a previously unconnected part of the world, where ships carrying plants, animals, and Spanish silver between the Old World and the New also carried Christian missionaries. The web of globalization continued to spin out through the Age of Revolution, when ideas about liberty , equality , and fraternity spread like fire from America to France to Latin America and beyond. It rode the waves of industrialization , colonization , and war through the eighteenth, nineteenth, and twentieth centuries, powered by the invention of factories, railways, steamboats, cars, and planes. With the Information Age, globalization went into overdrive. Advances in computer and communications technology launched a new global era and redefined what it meant to be “connected.” Modern communications satellites meant the 1964 Summer Olympics in Tokyo could be watched in the United States for the first time. The World Wide Web and the Internet allowed someone in Germany to read about a breaking news story in Bolivia in real time. Someone wishing to travel from Boston, Massachusetts, to London, England, could do so in hours rather than the week or more it would have taken a hundred years ago. This digital revolution massively impacted economies across the world as well: they became more information-based and more interdependent. In the modern era, economic success or failure at one focal point of the global web can be felt in every major world economy. The benefits and disadvantages of globalization are the subject of ongoing debate. The downside to globalization can be seen in the increased risk for the transmission of diseases like ebola or severe acute respiratory syndrome (SARS), or in the kind of environmental harm that scientist Paul R. Furumo has studied in microcosm in palm oil plantations in the tropics. Globalization has of course led to great good, too. Richer nations now can—and do—come to the aid of poorer nations in crisis. Increasing diversity in many countries has meant more opportunity to learn about and celebrate other cultures. The sense that there is a global village, a worldwide “us,” has emerged.

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Essay on Globalization

Students are often asked to write an essay on Globalization in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Globalization

Understanding globalization.

Globalization is a process where businesses or other organizations develop international influence or start operating on an international scale. It’s like a big bridge that connects people from all over the world.

Impacts of Globalization

Globalization has both positive and negative impacts. On one hand, it opens up opportunities for businesses to expand and grow. On the other hand, it can lead to job losses in certain sectors due to outsourcing.

Globalization and Culture

Globalization also affects culture. It can lead to the spread of popular culture but may also cause the loss of local cultures and traditions.

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250 Words Essay on Globalization

Introduction to globalization.

Globalization is a complex and multifaceted phenomenon that has transformed the world into an interconnected community. It involves the integration of countries and economies through trade, information technology, and cultural exchange, transcending geographical boundaries.

Driving Factors of Globalization

The advent of advanced technology, particularly the internet, has accelerated globalization, enabling instant communication, easy travel, and international trade. Additionally, liberal economic policies have facilitated the movement of goods, services, and capital across borders, fostering global economic integration.

Globalization has significantly influenced various aspects of society. Economically, it has led to the emergence of a global marketplace, benefiting businesses with broader consumer bases and competitive sourcing. Culturally, it has promoted the sharing of ideas, values, and artistic expressions, enriching societies worldwide.

Globalization: A Double-Edged Sword

Despite its benefits, globalization has its drawbacks. It often exacerbates income inequalities, with wealth concentrated among those who can participate effectively in the global market. Moreover, it can lead to cultural homogenization, threatening local traditions and identities.

In conclusion, globalization is a powerful force shaping our world today. It brings about opportunities for growth and cultural exchange but also poses challenges that require thoughtful solutions. As we navigate this interconnected world, it is crucial to harness the benefits of globalization while mitigating its potential adverse impacts.

500 Words Essay on Globalization

Introduction.

Globalization is a complex phenomenon that has had far-reaching effects on every aspect of modern life. It is a process that involves the integration of economies, societies, and cultures through a global network of trade, communication, and transportation. While some view it as a catalyst for economic growth and cultural exchange, others see it as a threat to national sovereignty and cultural diversity.

The Evolution of Globalization

Economic implications.

Economically, globalization has led to a more interconnected world market. It has allowed countries to participate in international trade more efficiently, leading to economic growth and poverty reduction in many parts of the world. However, it has also led to increased competition, which can have adverse effects on certain sectors and regions. For instance, industries in developed countries may suffer as jobs are outsourced to countries where labor costs are lower.

Sociocultural Aspects

Culturally, globalization has facilitated the exchange of ideas and values, leading to a more diverse and interconnected world. However, this has also led to fears of cultural homogenization, as dominant cultures may overshadow local traditions and languages. Moreover, the global spread of certain lifestyles can lead to increased consumption and environmental degradation.

Political Consequences

In conclusion, globalization is a multifaceted and complex process with both positive and negative implications. Its effects are not uniform, varying greatly across different sectors and regions. As we continue to navigate this interconnected world, it is crucial to understand the dynamics of globalization and strive for policies that maximize its benefits while mitigating its potential drawbacks. The challenge lies in ensuring that globalization becomes a tool for inclusive growth and sustainable development, rather than a cause of inequality and cultural erosion.

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Globalization Essay | Essay on Globalization for Students and Children in English

Globalization Essay: This clarion call by Swami Vivekananda resonates with relevance, for citizens and leaders of this nation, reminding them of the momentous occasion in the journey. The ‘tryst with destiny’ has reached a critical junction.

“Arise, awake and stop not till the goal is reached.”

We as a nation have arrived on the global stage. Though the journey had its share of hardships and pitfalls,’we managed to emerge with elan. And now is the time to showcase our strength, through confidence in dealing with global institutions, putting the haunting imageries of imperialism to deepest of graves.

You can read more  Essay Writing  about articles, events, people, sports, technology many more.

Long and Short Essays on Globalization for Students and Kids in English

If you are searching for a well-written Globalization Essay in English, then this article provides you with two types of content, a 600 words long Essay on Globalization and another 200-word short Globalization Essay in English. These essays can be used by school children, students and teachers for various activities in schools and colleges.

Long Essay on Globalization 600 Words in English

Long Essay on Globalization is usually given to classes 7, 8, 9, and 10.

Imperialism was a curse on our nation sapping our diversity and richness in all possible ways. It left us economically hollows, politically fragile and morally impoverished. It was a burden. The scars of which, left a deep impact on the fabric of Indian society. The recovery took time but the prolonged process of recovery has ensured that it is sustainable.

As an independent nation, dealing with myriad of problems illiteracy, malnutrition, lack of infrastructure India chose to do its own experiments and learn from them. We evolved, nurturing the sectors of our economy, till we had the confidence to open up and compete. India built its strength and rode through the era of ‘Hindu growth rate’ before opening up our economy to winds of globalization.

Discarding the ‘frog in the well’ mentality, India decided to face the global forces face on. A bold step in realm of economics was about to usher in a revolution in the history of the nation. The forces of global integration touched all spheres of human existence social, cultural, political.

The era of protectionism gave way to era of competition. Both the lethargy stuffed public sector and the nurtured small scale industries faced the heat of competition under the new industrial policy. Competition, though uneven, was call of the day. With adequate support from the government, began a reform a movement to drive in efficiency and strength into the Indian industries. Globalization exposed our firms to cutting-edge technologies and methodologies for adoption.

The global forces struck back the fear of British industries, which sapped our raw materials and ruined our cottage industries. Fears of neo-imperialism are not misplaced. However, the context has changed. The playground is different and the turf is to our favour. The availability of less costly foreign goods might hamper certain industries but it is here that the democracy unleashes its strength, through a government committed to protect the interest of its citizens. Imperialism had a political backing which radiated exploitation of colonies but now the rules are ours. As a sovereign nation, the market forces are not dictated upon but regulated enough to ensure equity.

The global presence has strengthened the role of governance, which has rolled back from some sectors to allow market to serve people better, but not vanished from these arenas. Through efficient regulation, it ensures the ethos of socialism is not diluted. Consumerism, a by-product of global forces, may accentuate the class cleavage but the state ensures that the growth is inclusive by adequate intervention.

Globalization also presents us with opportunities to display our strengths on the global arena. The inequity in distribution of resources led to the emergence of strength based economies. As the societies evolved and barter of commodities proved insufficient to meet needs of all, an organized manner of trade began. Soon, the need to have a platform for negotiations and dispute resolution arose and the birth of World Trade Organization (WTO) arranged. Global trade was better regulated to prevent distributions and exploitation of weaker by dominant.

Trade has become the backbone of present day growth and prosperity of nations playing a crucial role in maintaining the foreign reserves and in fulfilling the deficient resource; it has multifarious impact on the destiny of the nation. However, the arena of trade is also one of incessant negotiations and discussions as our nation wishes to gain. The conflict assumes giant dimensions when the issue is not quantum of gain, but rather a profit-livelihood tussle.

WTO as a democratic platform has provided an arena for developed and developing nations to settle the long stretched issue, the infamous Doha round. The high agricultural and export subsidies provided by developed nations, make their products cheaper, than the cost intensive products by the developing nations. This tilts the scale in favour of the cash rich nations even in agriculture – the mainstay for the developing nations like ours. To prevent the onslaught of these subsidized products to our markets, the high tariff rates stand justified.

The WTO stand-off and other similar negotiations have offered a platform to put forward and be resolute upon our demands, even in face of pressure. For nation like ours, it is the matter of livelihood of millions of farmers, involved in subsistence agricultural and it cannot be sacrificed at the altar of global trade. The resolute unflinching stand is a reflection of‘our’ commitment to the welfare of‘our’ farmers; a reflection of holding ground against winds of globalization; an indication of our arrival on global front.

The pressures brought by globalization may appear to be imperialistic, but rather they are modern day challenges for the society and governance. This is an age of ‘global village’, where challenges will be multidimensional, but they can be squeezed to our favour by skill in dealing with them. The integration of society exposed us to different cultures lifestyles, food, music and dances of the world. This may attain imperialistic contours, once we start a blatant imitation of these aspects. They all evolved in a society and reflect the traits of those societies. And also is the diverse treasure of our music, food, dances. The need is to recognize and value our strengths, than be overawed by anything foreign.

British imperialism could wreck our culture by eliminating the patronage it received. It could threaten the integrity as the concept of nation had not evolved. A tumultuous freedom struggle and sixty years of independent nationhood has given us an immense confidence as a nation-with no fears of disintegration and subjugation. Neo-imperialism should not even have strength to raise an eye against the mighty strength that India, as a nation possesses.

The global donations for various social issues and governance matters often have an economic undertaking. They often enforce ‘democracy’ as an instmment to fulfill the latent economic aims. The prescription is parochial and through tinted glasses they fail to value the local conditions. ‘Unique situations demand unique solutions’. Solutions which are home grown, which reflect local wisdoms and skills to handle the problem. The governance should step up to promote such culture of decentralized decision making units, rather than implanting a dictated plan. The forces of globalization must be handled and their arena defined, upholding holistic growth as a priority.

The forces generated by our global integration should propel our growth story. Through mergers and acquisitions, our businesses can play a better role in global domain. Global technology can help unlock our resources for regional development. Whether as collaborations to set up Public Sector Units or the recent oil exploration in Banner by Cairns, the positivity of global strength must be tapped.

The assistance by Japanese in cleaning plan for Yamuna, the collaboration with Koreans for Delhi Metro or the active role played by civil society organizations like Greenpeace have highlighted a positive and confident approach to handle foreign funds and agencies. An era of neo-imperialism may fail to dawn if the strength of nation is adequate to thwart any such design. In profit oriented dealings of the day, genuine welfare may be a rarity.

Short Essay on Globalization 150 Words in English

Short Essay on Globalization is usually given to classes 1, 2, 3, 4, 5, and 6.

Global forces will seek profit, but to curb this need from metamorphosing into greed, the role of state is crucial. The state must remain true to its commitments towards citizen and use platforms like WTO for better gains on basis of strength of economy.

As a potential superpower, India should exude such confidence and dispel any aspersions about neo-imperialism arresting its success. A “glocal” approach is the call of the day, where the vision is global but approaches local. Such small steps will build capacity of the country to overcome internal challenges and resist global pressures.’Globalization presents opportunities. It is like an orchard, where fruits abound and can be gathered by tiptoeing around the thorns. The vehicle of globalization should be used to create the destination of Gandhian Swaraj and ensure rise of one and all.

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✍️Essay on Globalisation: Samples in 100, 150 and 200 Words

• Updated on  
• Oct 25, 2023

Globalisation means the combination of economies and societies with the help of information, ideas, technology, finance, goods, services, and people. It is a process where multinational companies work on their international standing and conduct operations internationally or overseas. Over the years, Globalisation has had a profound impact on various aspects of society. Today we will be discussing what globalisation is and how it came into existence with the essay on globalisation listed below.

Table of Contents

• 1 How Globalisation Came Into Existence?
• 2 Essay on Globalisation in 100 Words
• 3 Essay on Globalisation in 150 Words
• 4 Essay on Globalisation in 200 Words

How Globalisation Came Into Existence?

For all those unaware, the concepts of globalisation first emerged in the 20th century. Here are some of the key events which led to the development of globalisation in today’s digital world.

• The ancient Silk Route as well as the maritime routes led to the exchange of goods, ideas and culture in several countries. Although these were just trade routes, but later became important centres for cultural exchange.
• Other than this, the European colonial expansion which took place from the 15th to the 20th century led to the setting up of global markets where both knowledge and people were transferred to several developing countries. 
• The evolution and exchange of mass media, cinema and the internet further led to the widespread dissemination of cultures and ideas.

Also Read: Essay on the Importance of the English Language for Students

Essay on Globalisation in 100 Words

Globalization, the interconnectedness of nations through trade, technology, and cultural exchange, has reshaped the world. It has enabled the free flow of goods and information, fostering economic growth and cultural diversity. However, it also raises challenges such as income inequality and cultural homogenization. 

In a globalized world, businesses expand internationally, but local industries can suffer. Moreover, while globalization promotes shared knowledge, it can erode local traditions. Striking a balance between the benefits and drawbacks of globalization is essential to ensure a more equitable and culturally diverse global community, where economies thrive without leaving anyone behind.

Also Read: Essay on Save Environment: Samples in 100, 200, 300 Words

Essay on Globalisation in 150 Words

Globalization is the process of increasing interconnectedness and interdependence among countries, economies, and cultures. It has transformed the world in various ways.

Economically, globalization has facilitated the flow of goods, services, and capital across borders. This has boosted economic growth and reduced poverty in many developing nations. However, it has also led to income inequality and job displacement in some regions.

Culturally, globalization has resulted in the spread of ideas, values, and cultural products worldwide. While this fosters cultural exchange and diversity, it also raises concerns about cultural homogenization.

Technologically, globalization has been driven by advances in communication and transportation. The internet and smartphones have connected people across the globe, allowing for rapid information dissemination and collaboration.

In conclusion, globalization is a complex phenomenon with both benefits and challenges. It has reshaped the world, bringing people closer together, but also highlighting the need for responsible governance and policies to address its downsides.

Also Read: Essay on Unity in Diversity in 100 to 200 Words

Essay on Globalisation in 200 Words

Globalization, a multifaceted phenomenon, has reshaped the world over the past few decades. It involves the interconnectedness of economies, cultures, and societies across the globe. In this essay, we will briefly discuss its key aspects and impacts.

Economically, globalization has led to increased international trade and investment. It has allowed companies to expand operations globally, leading to economic growth in many countries. However, it has also resulted in income inequality and job displacement in some regions.

Culturally, globalization has facilitated the exchange of ideas, values, and traditions. This has led to a more diverse and interconnected world where cultures blend, but it can also challenge local traditions and languages.

Socially, globalization has improved access to information and technology. It has connected people across borders, enabling global activism and awareness of worldwide issues. Nonetheless, it has also created challenges like cybercrime and privacy concerns.

In conclusion, globalization is a double-edged sword. It offers economic opportunities, cultural exchange, and global connectivity, but it also brings about disparities, cultural tensions, and new global challenges. To navigate this complex landscape, the world must strive for responsible globalization that balances the interests of all stakeholders and promotes inclusivity and sustainability.

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The movement of goods, technologies, information, and jobs between countries is referred to as globalisation. 

Globalization as a phenomenon began with the earliest human migratory routes, or with Genghis Khan’s invasions, or travel across the Silk Road.

Globalisation allows wealthy nations to access cheaper labour and resources, while also providing opportunity for developing and underdeveloped nations with the jobs and investment capital they require.

For more information on such interesting topics, visit our essay-writing page and follow Leverage Edu ! 

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Malvika is a content writer cum news freak who comes with a strong background in Journalism and has worked with renowned news websites such as News 9 and The Financial Express to name a few. When not writing, she can be found bringing life to the canvasses by painting on them.

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Essay on Globalization for all Class | 100, 150, 200, 300 and 400 + Words

Globalization ties our world together, blending cultures and economies. This essay focuses on the pros and cons of Globalization, from worldwide trade to cultural exchanges. This collection of short and long essays is perfect for students of all classes and teachers of all levels. Let’s see including pros and cons- 

Table of Contents

Essay on globalization 100 words.

Globalization is like when kids from different parts of the playground start sharing their toys and games . Imagine someone bringing a cool toy from far away, and another kid telling a story from their home country. This is what countries do with globalization. They share things like tasty foods, fun music, and cool clothes with each other.

It’s like having a big picnic where everyone brings their favorite snack to share. Globalization makes our world a more interesting and friendly place.

In conclusion, globalization brings us all closer together.  When we share our food, music, and clothes, our lives become more fun and colorful. At the same time, we learn to get along with people from all over the world.

Essay on Globalization 150 Words

Globalization is like making a big, colorful blanket with pieces from all over the world. Think about if every kid in your class brought their favorite book , toy, or a recipe from their family to share. You’d have so many cool new things to try and learn about! Globalization does this for the whole world.

It lets countries share their best stuff, like stories, gadgets , and yummy food. It’s like having show-and-tell every day, but with the whole world involved. We get to see and enjoy things from other places, like music that makes us want to dance, foods that taste amazing, and new tools that can do awesome things.

This sharing helps us see how special and different everyone is, but also how much we are all alike. We might live far apart, but we all like to laugh, have dreams, and enjoy good things.

Globalization helps us feel closer to people in other places, like they’re our neighbors. It shows us that even though we come from different spots on the map, we’re all part of one big community, sharing and caring about each other.

Essay on Globalization 200 Words

Globalization is like a giant mosaic, where each tile is a piece from a different part of the world. Imagine kids from various countries each sending a colorful tile to create one big, great image. This shows how countries share their special things. For example, they share the beats of African drums, stories from India, cool gadgets from places like Silicon Valley, and green living tips from Scandinavian countries.

Look at music: K-pop from South Korea is loved by people all over the world. This shows how things from one place can become favorites everywhere. The smartphone is another good example. It uses American ideas and parts from Asia to make something that everyone uses to stay connected.

Globalization also helps countries work together on big problems. The Paris Agreement is about many countries fighting climate change together. They share ways to keep our planet green. This teamwork shows we all care about the Earth and each other.

In simple words, globalization lets us learn about different ways of life, ideas, and how to solve problems together. It teaches us to work as a team and respect everyone’s unique ways. We all help write the story of our world, making it a more fun, smart, and kind place to live.

Essay on Globalization 300 Words

Globalization: the world’s internet.

Globalization connects countries like the internet connects computers . Think of each country as a YouTube channel. With globalization, you can explore and learn from all these channels without leaving your home. 

This global link lets us enjoy cool things from around the world. For example, we can play video games from Japan, watch movies made in Hollywood, and taste spicy tacos from Mexico. All these things make our daily lives more fun and full of variety.

Global Collaboration in Knowledge and Innovation: Beyond Entertainment

Globalization goes beyond entertainment; it’s a platform for exchanging valuable knowledge. For example- 

Countries collaborate on environmental conservation, like the global effort to reduce plastic use. Initiatives like the United Nations’ Clean Seas campaign, launched in 2017, aim to eliminate major sources of marine litter. 

Similarly, in the automotive industry, global safety standards have evolved through shared innovations. The introduction of features like anti-lock braking systems (ABS) and electronic stability control (ESC) in cars, initially developed in countries like Germany and Sweden, are now standard in vehicles worldwide, enhancing safety for everyone.

Learning Without Borders: The World as a Global Classroom

This global sharing of knowledge makes the whole world like a big classroom, where every country learns and teaches at the same time. Let’s take some instances- 

Global Science Summits: Sharing Discoveries Worldwide

Scientists from different countries often meet at big gatherings like the World Science Forum to share their latest discoveries. These meetings are like big brainstorming sessions where everyone learns from each other.

Cross-Border Research Collaborations: United in Solving Global Challenges

Also, universities from around the world work together on research projects. For example, the University of Cambridge in the UK might team up with the Massachusetts Institute of Technology in the USA to study climate change. They share their findings, helping the world understand and tackle big problems better and faster.

The Global Classroom: Students as International Ambassadors of Knowledge

Students also travel abroad to study, bringing back new ideas and ways of thinking to their home countries. 

Case Study: Maria’s Journey from Colombia to Japan

When students like Maria from Colombia study abroad in places like Japan, they learn new things that can help their home countries. Maria learned about how people in Japan recycle and take care of nature. When she went back home, she shared these ideas and started recycling projects in her community. 

This exchange isn’t just about books and theories; it’s about understanding different cultures and ways of life, which builds respect and friendship between countries.

Conclusion- 

Working together and sharing what we know helps us come up with new ideas and make things better in areas like tech, health, and looking after the E arth . It’s like we’re all joining hands to make the world a better place to live.

Long Essay on Globalization 400 Words

Introduction:.

Imagine globalization as a big net that ties the whole world together. It’s about different countries, people, and businesses coming closer, sharing their cool ideas, stuff, and ways of living like never before. This essay will take you through the amazing world of globalization, showing how it makes our world more connected and fun.

The Pillars of Globalization: Economy, Technology, and Culture

We’re going to explore the main parts that make globalization work, linking our world closely. Let’s find out how money, tech, and different cultures show us how connected we all are.

Economic Connections in Global Markets: Creating a World Together

In the world of global markets, countries are like friends sharing and trading their best stuff. It’s about making and selling things across the globe, which helps everyone get what they need and want- 

Examples of Economic Connections

1. Coffee and Tea: Colombia is famous for its coffee, and India for its tea. These countries send their best brews all around the world. 

2. Electronics: A lot of the gadgets we use, like smartphones and laptops, are made with parts from different countries. For example, South Korea might make the screen, while the United States designs the software.

3. Cars: Cars are another great example. Parts come from all over the world. The engine might be made in Germany, the tires in Malaysia, and then everything is put together in a factory in the United States.

4. Fashion: The clothes we wear often have a global story, too. Cotton might be grown in Egypt, woven into fabric in India, and then turned into a shirt in Bangladesh that’s sold worldwide.

5. Toys: Many toys kids play with, like action figures or board games, might be designed in one country, like the UK, but manufactured in another, such as China, due to lower production costs.

6. Fruits and Vegetables: Exotic fruits and vegetables often travel great distances. Avocados from Mexico and kiwis from New Zealand can be found in supermarkets across the globe, ensuring a diverse diet everywhere.

7. Oil and Gas: Energy resources like oil and gas are traded internationally. For instance, oil might be extracted in Saudi Arabia, refined in the United States, and used in cars all over Europe.

8. Wine and Spirits: France is renowned for its wine, and Scotland for its whisky. These countries export their finest beverages worldwide. 

9. Pharmaceuticals: Medicines often come from ingredients found in different countries. For example, the key parts might be made in India, put together into medicines in Switzerland, and then sent out all over the world.

Technological Innovation: Making the World Smaller and Smarter

Technology is like a magic rod that connects people all over the world, helping us to talk, share, and learn from one another, no matter how far apart we are. Let’s see how globalization has helped in all this- 

Examples of Technological Innovation

1. Internet: The internet is like a huge library that’s open all the time. It lets us find information, watch videos from other countries, and talk to people anywhere in the world.

2. Smartphones: Smartphones link us worldwide, letting us talk, share pictures, and video call family and friends from anywhere. They show how connected our world is.

3. Social Media: Sites like Facebook, Twitter, and Instagram are like virtual hangouts where we share our lives and discover others’. They’re like online hubs where we meet people with similar interests, no matter where they are.

4. Online Learning: Websites like Khan Academy or Coursera offer classes on everything from math to art. They make it possible for anyone with internet access to learn new skills and even earn degrees.

5. Remote Work Tools: Tools like Zoom and Google Workspace let people work together in real-time, even if they’re in different countries. It’s like having a virtual office that’s everywhere at once.

Through these technologies, we’re able to bridge distances and create a world that’s more connected, making it easier for us to share knowledge, cultures, and ideas.

Cultural Exchange in a Globalized World: Bringing Cultures Together

In a global world, cultures mix and mingle. Cultural Exchange makes our lives richer. This cultural sharing goes beyond borders, helping us understand different ways of life and come together as one human family.

Examples of Cultural Exchange

1. Cuisine: Globalization means we get to enjoy lots of different foods from all over the world. Like having sushi in America or pizza in India. We try new flavors and ways of cooking, making mealtime more exciting.

2. Music: Music travels around the world, bringing people together with its beat and melody. Whether it’s K-pop from South Korea or reggae from Jamaica, music helps us connect and understand each other, no matter what language we speak.

3. Fashion : Fashion isn’t limited by where you live anymore. Trends from Paris can inspire outfits in Tokyo, and fabrics from Africa might influence fashion in New York . This mix of styles changes how we dress and express ourselves.

4. Language: Globalization means we speak more than just our own language. English helps us talk to people from everywhere, and learning other languages introduces us to new words and ways of speaking.

5. Art and Literature: Artists and writers are inspired by different cultures, creating diverse works that reflect the human experience. For instance, Picasso was influenced by African art, and Murakami blends Eastern and Western themes. This cultural exchange sparks creativity and innovation.

Benefits of Globalization: Elevating Lives and Opening Opportunities

Let’s take a look at the benefits of globalization in simpler terms:

1. More Choices: We have lots of options when it comes to buying things because we can get stuff from all over the world.

2. More Jobs: Globalization creates more job opportunities because companies can hire people from different countries.

3. Sharing Ideas: People can quickly share their ideas and inventions, helping us solve problems faster. For example, scientists from different countries work together to find cures for diseases.

4. Improving Lives: Globalization can make life better by giving us access to better goods, services, and technology. For example, having smartphones and the internet helps us communicate and learn new things easily.

These are just some of the ways globalization benefits us all.

The Bad Side: Problems with Globalization

1. Job Loss Amid Globalization: Companies moving operations to cheaper labor markets can leave workers unemployed. For instance, relocating a factory from the US to Bangladesh can result in job losses for American workers.

2. Growing Wealth Gap: Globalization makes the gap between rich and poor wider. Big companies benefit from trade deals, while local businesses suffer, leading to unfairness in society.

3. Environmental Impact of Globalization: Globalization harms the environment by increasing production and transportation. Mass production causes pollution and deforestation , which harms biodiversity and contributes to climate change.

4. Worker Exploitation in Global Trade: Weaker labor regulations in certain regions can lead to the exploitation of workers. Multinational companies may outsource their operations to countries with low wages and poor working conditions, which undermines workers’ rights.

5- Cultural Loss: Risks in a Connected World- The dominance of Western culture can put local traditions at risk. With widespread exposure to Western media and fast food, indigenous customs may be overshadowed, posing a threat to cultural diversity.

6. Dependency on Imports: Reliance on foreign goods leaves countries vulnerable. For example, reliance on imported oil can lead to challenges during geopolitical tensions or price fluctuations.

7- Effect of Globalization on a Country’s Independence: Globalization can affect how much control a country has over its own affairs. Sometimes, countries have to follow trade rules and agreements that might benefit big companies more than the country itself. This can make people worried about whether the country’s decisions are really made for the good of its citizens.

Conclusion: Globalization brings both opportunities and challenges. By embracing its benefits and tackling its drawbacks, we can build a better future. Let’s join hands to create a world where everyone can prosper equally, celebrating our diverse cultures together.

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Globalization Essay

Globalization is a process of integrating trade and commerce throughout the globe. Governments, private companies and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to each other. Unprecedented advancements in transport and communication technologies have added to the growth of globalization.

Primarily, globalization is a commercial activity which also integrates different cultures and societies through trade and commerce. The origin of globalization is however a matter of dispute between historians and modern economist. Former believe it to be existing since ancient times while latter assert that it started only in 21 st century.

Long and Short Essay on Globalization in English

Below we have provided Long and short Essay on Globalization in English for your information and knowledge.

These Globalization Essay will let you know the meaning of globalization and its significance in today’s context.

You will also understand how globalization is shrinking boundaries and bringing people together.

These essays on Globalization will help you in your school assignments and several other competitions where you need to speak/write about globalization.

Globalization Essay 1 (100 words)

Globalization is the process of growing, developing and expanding the business, services or technologies all through the world. It is the expansion of various businesses to the global markets throughout the world. It requires huge international investment to develop large multinational corporations for the worldwide economic integration. It is to increase the connectivity and interdependence of the businesses in the worldwide markets.

In the last few decades, globalization has taken the form of technological advancement which resulted in easier travel, communication, and other businesses on international level for the people. On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.

Globalization Essay 2 (150 words)

Introduction

Globalization is making the availability of businesses or technologies all across the world through the speed of markets. Globalization is making various huge changes in the world where people are moving away from their self-contained countries to the more integrated world. In order to globalize a business, a company need to bring change in a business strategy made for a single country to the special one having ability to operate in multiple countries.

Impact of Globalization

Globalization impacts a business and a company in various ways. Globalization impact on businesses in the worldwide market can be described under two broad categories of market globalization and production globalization. Market globalization is the reduction in selling barriers of products or services to other countries other than its home country. It is very necessary for a company to make success easier by effectively globalizing selling products to the international market. Production globalization is the set up of plant in many countries to produce products locally on low labour cost and earn more profit than its home country.

Globalization Essay 3 (200 words)

Globalization is the spreading of anything worldwide. However, generally it is the process of globalizing products, businesses, technologies, philosophies, etc all through the world. It is the creation of a successful interconnected marketplace without any limitation of time zone and national boundaries.

The most common and clear example of globalization is the spread of McDonalds restaurants all around the world. It became so successful in the worldwide markets because of its effective strategy adapting the culture of different countries in their menus to suit local tastes of people. We can say it as internationalization which is a great combination of both, the globalization and the localization.

It is very hard to decide whether the revolution of global marketplace is beneficial or harmful to the humanity. It is still a big confusion. However, it is also tough to ignore that globalization has created greater opportunities to people worldwide. It has changed status and way of living of people in the society to a great extent. It is hugely benefiting the developing nations by providing various developmental opportunities.

If we take it positively, it may eradicate the regional diversity and establish a homogenized world culture. It is supported by the information technology and show huge interaction and integration among businesses, companies, government and people of various countries. Globalization has positively and negatively affected the tradition, culture, political system, economic development, lifestyle, prosperity, etc.

Globalization Essay 4 (250 words)

In the last few decades globalization has been very fast which has resulted in the worldwide economical, social, political and cultural integration through the advancement in the technologies, telecommunication, transportation, etc. It has affected human lives in both positive and negative manner; its negative effects are needed to be addressed accordingly. Globalization has contributed a lot to the worldwide economies in various positive ways. Unbelievable advancement in the science and technologies has given amazing opportunity to the businesses to easily spread across the territorial boundaries.

Just because of the globalization, there has been huge economical growth of the companies. They have been more productive and thus given rise a more competitive world. There is a competition in the quality of products, services, etc. Successful companies of the developed countries are establishing their foreign branches to take advantage locally through the low cost man labor than their home countries. Such type of business activities are giving employment to the people of developing or poor countries thus giving way to go ahead.

Together with the positive aspects of the globalization, negative aspects are not forgettable. There has been risk of epidemic diseases by means of transportation from one country to another. There has been proper control of the government of all countries on the globalization in order to reduce its negative impacts on the human lives.

Globalization Essay 5 (300 words)

Globalization is a process of worldwide spread of science, technologies, businesses, etc through the means of transportation, communication, and trade. Globalization has affected almost all the countries worldwide in various ways such as socially, economically, politically, and psychologically too. Globalization is a term indicating fast and continues integration and interdependence of countries in the field of business and technologies. The effects of globalization have been seen on the tradition, environment, culture, security, lifestyle, and ideas. There are many factors affecting and accelerating globalization trends worldwide.

The reason of acceleration in the globalization is because of the people demands, free-trade activities, worldwide acceptance of markets, emerging new technologies, new researches in the science, etc. Globalization has huge negative impacts on the environment and given rise to various environmental issues like water pollution, deforestation, air pollution, soil pollution, contamination of water resources, climate change, biodiversity loss, etc. All the ever growing environmental issues need to be solved on urgent basis by international efforts otherwise they may finish the existence of life on the earth a day in future.

In order to prevent the loss of environment, there is need of globalization of eco-friendly technologies and huge level environmental awareness among people. In order to deal with the negative effects of globalization, companies need to develop greener technologies which may replace the current status of the environment. However, globalization has helped a lot positively to save the environment by improving various resources (reducing adverse effects on the environment like hybrid cars using less fuel) and promoting education.

Apple brand has also aimed to manufacture Eco-friendly products to reduce negative impacts of globalization and exceed positive effects. Increasing demands of the ever increasing population lead towards extensive deforestation causing great level environmental issue. Till now, almost half of the useful forests have been cut in the past years. So, there is a need to make globalization under control to reduce its negative effects.

Globalization Essay 6 (400 words)

Globalization is the way to open businesses, improve technological growth, economy, etc on international level for the international players. It is the way to manufacturers and producers of the products or goods to sell their products globally without any restriction. It provides huge profit to the businessmen as they get low cost labor in poor countries easily through the globalization. It provides a big opportunity to the companies to deal with the worldwide market. It facilitates any country to participate, set up or merge industries, invest in equity or shares, selling of products or services in any country.

How Globalization Work

Globalization helps global market to consider whole world as a single market. Traders are extending their areas of business by focusing world as a global village. Earlier to the 1990s, there was restriction of importing certain products which were already manufactured in India like agricultural products, engineering goods, food items, toiletries, etc. However, during 1990s there was a pressure from rich countries over World Trade Organization, World Bank (engaged in development financing activities), and International Monetary Fund to allow other countries to spread their businesses by opening trade and market in the poor and developing countries. In India the globalization and liberalization process was started in 1991 under the Union Finance Minister (Manmohan Singh).

After many years, globalization has brought major revolution in the Indian market when multinational brands came to India like PepsiCo, KFC, Mc. Donald, Boomer Chewing gums, IBM, Nokia, Ericsson, Aiwa etc and started delivering wide range of quality products at cheap prices. All the dominating brands shown real revolution of globalization here as a tremendous boost to the industrial sector economy. Prices of the quality products are getting down because of the cut throat competition running in the market.

Globalization and liberalization of the businesses in the Indian market is flooding the quality foreign products however affecting the local Indian industries adversely to a great extent resulting in the job loss of poor and uneducated workers. Globalization has been bonanza for the consumers however grave for the small-scale Indian producers.

Positive Effects of Globalization

• Globalization has affected the Indian students and education sectors to a great extent by making available study books and huge information over internet. Collaboration of foreign universities with the Indian universities has brought a huge change in the education industry.
• Health sectors are also affected a lot by the globalization of common medicines, health monitoring electronic machines, etc.
• Globalization of trade in the agricultural sector has brought variety of quality seeds having disease resistance property. However it is not good for the poor Indian farmers because of costly seeds and agricultural technologies.
• It has brought a huge revolution to the employment sector by the spread of businesses like cottage, handloom, carpet, artisans and carving, ceramic, jewellery, and glassware etc.

Conclusion:

Globalization has brought variety of affordable priced quality products and overall economic benefits to the developing countries as well as employment to the large population. However, it has given rise to the competition, crime, anti-national activities, terrorism etc. So, together with the happiness it has brought some sadness also.

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Globalization is positively needed by the society and country to go ahead and become a developed society and nation. A range of globalization essay is given above to help students getting education in various classes. Essay on globalization given above are easily worded and written by the professional content writer by keeping in mind the need and requirement of students. You can also get other related essays and related information such as:

Essay on Money

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Globalisation and the English language

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Globalization Essay

An essay is a piece of writing that revolves around a particular theme and contains the academic opinions of the person writing it. A basic essay mainly consists of three parts: Introduction, Body, and Conclusion.

In this post, we present you with a brilliant Globalization essay.

Globalization is the integration of a country’s economy with the world economy. It aims to encourage foreign trade and private and institutional foreign investment. It creates various policies that try to unite the world.

Technology  is one of the factors which have led to globalization and has played a major role in the outspread of products and services across countries.

Technological innovations in telecommunications—mobile phones, faxes, computers, and the Internet—have helped people living in different geographic locations communicate with each other. It has helped various companies in managing and expand their business in many countries located in different time zones.

Computers have enabled many companies to store infinite data, which has helped in the marketing of various products and services in different countries. Information is available on any subject through the internet. Instant messages and electronic mail can be sent within seconds. It has completely revolutionized the working of several companies.

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Through technological advancements in transport systems, goods across long distances were delivered at great speed and low cost. Globalization has opened many new opportunities for the service sector, especially IT companies. These companies offer their cheap but efficient consulting services to many countries.

Technology is transferred to developing countries. It has been able to produce quality products in the international market. Outsourcing is the main outcome of the globalization process. A company mostly outsources regular services such as BPO or call centre, banking services, teaching and account maintenance from outside the country or within the country. Many multinational corporations are outsourcing their services to India at low cost. Post-reforms, India has provided global outsourcing with the availability of skilled manpower at low wage rates.

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Globalization vocabulary

Wordlist and vocabulary with example sentences

Welcome to our English glossary of globalization vocabulary, a guide to the key concepts, ideas, and jargon related to globalization. In this glossary, you will find definitions and example sentences for such globalization terms as cultural imperialism , outsourcing and transnational corporation .

border (noun): a line or boundary that separates one country from another — The United States and Canada share a long border that spans over 8,000 kilometers.

brain drain (noun): the loss of highly-skilled workers from one country to another, often due to better job opportunities or working conditions — Many developing countries experience brain drain as their best and brightest professionals move to wealthier nations .

capit al (noun): money or other assets owned by an individual or business — The company used its capital to open several new factories abroad.

capitalism (noun): an economic system in which businesses are privately owned and operated for profit, with little or no government intervention — In a capitalist society, individuals and businesses are free to produce, distribute, and trade goods and services, and the market forces of supply and demand determine prices and allocation of resources.

capitalist (noun): a person who owns or invests in a business in order to make a profit — Many successful entrepreneurs are capitalists who have used their skills and resources to create and grow profitable businesses, while also creating jobs and driving economic growth.

cargo (noun): goods being transported by train, ship or other vehicle — A great deal of cargo was lost when the ship sank in the middle of the Atlantic.

commodity (noun): a raw material or primary agricultural product that can be bought and sold worldwide, such as copper or coffee — Prices on the commodity market fluctuate due to factors such as supply and demand, weather conditions and geopolitical events.

consumerism (noun): the notion that promotes the acquisition (consumption) of material goods — Society today seems to be based on pure consumerism.

cultural homogenization (noun): the process by which local cultures are replaced by a standardized global culture, often driven by the influence of Western media and consumerism — Many critics argue that globalization has led to cultural homogenization, with the spread of Hollywood movies and fast food chains around the world.

cultural imperialism (noun): the imposition of one culture's beliefs, values, and practices on another culture — Some argue that the spread of Western culture around the world represents a form of cultural imperialism.

deregulation (noun): the removal of government restrictions on businesses — The deregulation of the health sector enabled many private hospitals to extend their reach across the continent.

developing country (noun): a country with poor living standards where there is little economic or industrial activity — Famine is a major problem in many developing countries.

digital divide (noun): the gap between those who have access to digital technology (such as the internet and smartphones) and those who do not — In many developing countries, there is a significant digital divide between urban and rural areas.

domestic (adjective): happening within a particular country, and not internationall — Whilst domestic sales are down, there is still a demand for our products overseas.

economic growth drivers (noun): factors that cause an economy to grow — Technology and agriculture are among the country's greatest economic growth drivers.

economic interdependence (noun): when countries rely on each other for economic growth and stability — The European Union is an example of economic interdependence, as member countries work together to promote trade and economic growth.

emerge (verb): come out of something, come into view or economic prominence — Vanuatu is emerging as a key player in the world's coffee industry.

empire (noun): a group of countries or states under the rule of a single leader — India and Pakistan were once part of the British empire.

equity (noun): a concept that promotes fairness in the distribution of wealth, income and opportunities — In order to promote equity and fairness, the government is trying to ensure that all citizens have equal access to education, healthcare and jobs.

exchange rate (verb): the price of one country's currency against another's — He received very few euro due to the current exchange rate of the dollar.

export (noun): a product or service sent from one country to another — Saudi Arabia's exports consist principally of oil.

export (verb): sell and ship goods to another country — Brazil exports its coffee to countries on every continent.

fair trade (noun): a system of trading that ensures developing countries receive fair prices for the goods they export — As a company, we strive to promote fair trade products.

free trade (noun): a policy of eliminating or reducing trade barriers, such as tariffs and quotas, between nations to promote economic growth and cooperation — The North American Free Trade Agreement (NAFTA) eliminated most tariffs on goods traded between the United States, Canada and Mexico.

global citizen (noun): an individual who identifies with a broader, global community and recognizes his or her responsibility to address global challenges — Global citizens often prioritize issues such as climate change, poverty and human rights in their political and social activism.

global development (noun): the efforts of international organizations to promote economic growth, reduce poverty, improve human well-being, and address global challenges such as climate change and inequality, particularly in developing countries — The United Nations' Sustainable Development Goals aim to address global development challenges such as poverty, hunger, and climate change.

global governance (noun): the idea that there should be rules and regulations that govern the actions of countries and corporations on a global scale — The various international agreements on climate change are an example of global governance.

globalization (noun): the integration of the world's economies and cultures through trade, technology, and information. Globalisation offers countries access to foreign resources and labour markets and promotes interdependence among countries for the common good — Without globalization, we would see little progress in developing countries.

global supply chain (noun): the network of suppliers, manufacturers, distributors and retailers that work together to produce and distribute goods on a global scale — Apple's global supply chain includes suppliers in Asia, manufacturers in Europe and retail stores in North America.

global village (noun): the idea that technology and communication have made the world a smaller, more connected place — Social media has helped to connect people in the global village.

global warming (noun): the perceived gradual increase in Earth's temperature caused by the emission of man-made greenhouse gases — Suggestions that global warning peaked in 2015 are hotly disputed.

gross domestic product (noun): the total value of all goods produced and services provided by a country during one year — Agriculture accounts for 20% of our gross domestic product.

import (noun): a product or service brought into one country from another — China's imports include large quantities of coal from Australia.

import (verb): buy and bring in goods from another country — China imports petroleum oil and gas from Russia.

interdependence (noun): the dependence of two or more bodies (for example, countries) on each other — The interdependence of our nations has resulted in the diversity of products available to us.

international organization (noun): any institution or body that operates across national borders — The United Nations is an international organization claiming to promoting peace and cooperation among member countries.

IMF (abbreviation): International Monetary Fund

International Monetary Fund (IMF) (noun): an international organization of 190 countries based in Washington, USA and claiming to promote global cooperation, financial stability, international trade, high employment, sustainable economic growth, and reduced poverty around the world. — When the country experienced a financial crisis, the government turned to the International Monetary Fund for financial assistance and to help stabilize their economy.

JIT (abbreviation): just-in-time

just-in-time (JIT) (adjective): relating to a penny-pinching manufacturing system in which materials and components are delivered immediately before they are needed instead of being held in stock; partly responsible for the collapse of global supply chains during and after the Covid-19 fiasco — After the pandemic, many companies are re-evaluating their just-in-time stock control measures and considering a more balanced approach.

market (noun): the total number of buyers and sellers for a particular product or service within a particular region — We have been trying to expand our markets overseas for the past few years.

market forces (noun): forces that determine the cost of goods and services regardless of governmental control or interference — Weather conditions have always been one of the driving market forces in our country.

multilateral (adjective): involving two or more sides — It was a multilateral agreement between several European states.

multinational corporation : a company that operates in multiple countries, often with subsidiaries or affiliates in different regions of the world; also just called a "multinational" — Coca-Cola is a multinational corporation with operations in over 200 countries.

national (adjective): relating to a particular country or nation — Though few people have heard of him abroad, the man is a national hero.

offshoring (noun): the practice of moving a company's operations to another country in order to take advantage of lower labour costs and taxes — The Trump administration was opposed to offshoring after many American companies had offshored their manufacturing operations to China in order to reduce costs and increase profits.

outsource (verb): To obtain goods or services from an outside supplier — Many European countries outsource their jobs to Asia where labour costs are lower.

outsourcing (noun): the practice of contracting work to an external company or individual, often in a different country, in order to save costs or improve efficiency — Many companies outsource their customer service to call centers in countries such as India and the Philippines.

privatisation (noun): the transfer of publicly-owned businesses to private-sector organisations — The privatisation of hospitals has made health care inaccessible to many.

progress (noun): a process of improving towards a more advanced state — The country's technological progress has helped the standard of living in many regions.

protectionism (noun): the policy of imposing restrictions on foreign trade, such as tariffs and quotas, in order to protect domestic industries and jobs — The United States has implemented protectionist policies on steel and aluminum imports in order to support domestic producers.

regulations (noun): government-imposed rules that exercise price controls and limit who can enter a business transaction — We hope that these regulations will result in fairer, more ethical business practices .

standardisation (noun): an approach to marketing that can be used internationally — We believe that all sectors of the economy will benefit from these standardisation policies.

standard of living (noun): the level of income, comforts and materials available to the general population — Before NATO bombed Libya to destruction in 2011, the country had one of the highest standards of living on the African continent.

superpower (noun): a very powerful, dominant and influential country — Before the rise of China, the USA was for a short time considered the world's sole superpower due to its immense military strength and economic dominance.

sustainable development (noun): economic growth that balances the needs of the present with the ability of future generations to meet their own needs — Many countries have embraced sustainable development goals, such as reducing carbon emissions and protecting natural resources.

sweatshop (noun): a factory or workplace where workers are subjected to long hours, low pay and poor working conditions. Sweatshops are commonly associated with industries such as textile manufacturing, electronics assembly and agriculture. — Sweatshops are often associated with globalization as they are frequently found in poor countries where multinational corporations have outsourced their production in search of lower labour costs.

tariff (noun): a tax imposed on goods being imported and exported by a country — The government has imposed a tariff on electrical goods shipped from Asia.

trade (noun): the exchange of goods or services between two parties — The government has recently banned all trade in ivory.

trade barrier (noun): a government policy that limits or restricts international trade — The recently implemented trade barrier has resulted in a shortage of South American coffee.

trade deficit (noun): a situation where a country imports more goods and services than it exports — The United States has had a trade deficit with China for many years.

transnational (adjective): (of a company, policy etc) extending or operating across national borders — By definition, a transnational crime involves more than one country.

transnational corporation (noun): a company that operates in multiple countries — ExxonMobil is a transnational corporation with operations in over 50 countries .

transnationalism (noun): the concept of national boundaries having less relevance as people and ideas move more freely across borders — The rise of transnationalism is evident in the increasing number of dual citizens and global citizens who identify with multiple countries.

treaty (noun): a formal agreement ratified between two or more states — All three countries have agreed to sign the peace treaty.

unilateral (adjective): (of a decision or action) one-sided; performed by one person or group without consulting the parties that it might affect — Naturally, the citizens were distressed by the president's unilateral decision.

venture capital (noun): money invested in a company or project, typically with an element of risk — Without significant venture capital, we have little hope of getting the business off the ground.

WTO (abbreviation): World Trade Organization

World Trade Organization (WTO) (noun): a global organization based in Geneva, Switzerland, that claims to help countries and producers trade fairly and effectively.

Reference and further resources

• Globalization (National Geographic)
• Globalization (Wikipedia)
• Globalization Pros & Cons (Britannica)
• Globalization glossary

Globalization of the English Language: One of the Most Widely Used Languages in the World Expository Essay

• To find inspiration for your paper and overcome writer’s block
• As a source of information (ensure proper referencing)
• As a template for you assignment

English language is one of the most widely used languages in the whole world in spite of the fact that there are many languages. As much as all the other languages are important for various reasons, English language is important because it helps in uniting the whole world.

Consequently, most parts in the world today are united because a high percentage of people have learnt to communicate in English. The issues of languages have a long history. For instance, the story of the tower of Babel has many similarities with the current situation that is facing the English language. While the English language is becoming popular and important, other local languages are vanishing as the days go by.

Therefore, the issue of English becoming an international language and preservation of other languages has become the subject of discussion. With that background in mind, this paper focuses on English language, its importance, as well as the advantages and disadvantages of multiple languages compared to having one single language.

There are some applications on the English language and other languages that can be derived from reading the story of the Tower of Babel as recorded in the book of Genesis in the Christian bible. The story of the tower of Babel came up after people who were speaking only one language united and decided to build one high tower to become famous. God was not delighted with them and he confused their languages such that they started speaking in different languages.

Due to the language confusion, they could not continue with their project and according to the Christian bible, many languages that are present in the world today came up due to the same. Therefore, it is clear that speaking one language is very important because it unites people such that they can be able to undertake a similar project. Some problems and conflicts that are in the world today result from the presence of having many languages as it happened during the time of the Tower of Babel.

As highlighted earlier, other languages are important but on a global scale, English is more important. The issue whether English language is a global language or not is contentious despite the fact that the majority of people in the whole world can communicate in it. In addition, most of the works in different areas such as sciences and literature have been written in English since the authors target meeting a large audience.

On the same note, it is important to point out that most of the works that were originally written in other languages are usually translated into English. As a result, one of the authors concluded in future, all the world literature would be referred to as the English language (Divide).

It is quite true that there is widespread use of English language in the world today but as highlighted earlier, it is not clear whether English will end up becoming a global language. Various studies have indicated that the majority in the world are learning and being taught to speak in English. However, it is important to mention that the number of people speaking a particular language is not the determining factor.

The study of illustrates that the economic as well as the military power of the speakers are usually the most important determining factors. More specifically, the study explains that military power helps in establishing the language but the economic power helps to expand it. Therefore, English may end up becoming an international language not only based on the military power of its speakers but also on their economic power (Crystal).

Although there are some advantages of having one language, it is important to preserve other languages since they are important aspects of culture. According to The Endangered Language Fund, there are about thousand languages which are spoken in the whole world and it is projected that about half of languages may disappear in the twenty first century. Therefore, it is important to perverse those languages failure to which they may become extinct.

There are both advantages and disadvantages of having multiple languages in the world. The story of the Tower of Babel clearly illustrates that having multiple languages leads to misunderstanding, which may eventually lead to conflicts. Language is an important aspect in communication and failure to understand other people does not only lead to conflicts but also lack of harmony.

Though people speaking a similar language may conflict, it is worse when people speak different languages. Secondly, having multiple languages is disadvantageous in the view of the fact that it calls for people to learn and to be taught other foreign languages. Additionally, learning other languages needs not only money but also a lot of devotion.

Currently, people who are learning foreign languages are very few indicating that is not as easy. Translation and localization of products also require additional finances. Therefore, the costs involved in preserving multiple languages as well as the conflicts that emerge from the same are some of the most important disadvantages of having multiple languages.

In the view of the fact that language is an important aspect of culture, it is quite advantageous to have multiple languages since they mark cultural diversity. As much as human beings have had many inventions, studies of Divide indicate that of all the human inventions, language is the greatest.

There are several things concerning culture that can only be learnt and preserved by local languages, which are inclusive but not limited, customs, beliefs, norms and cultural values. Therefore, having multiple languages is very important because it helps in preserving the cultural heritage, which has been developed for many centuries. Apart from that, since the same creates cultural diversity, it can lead to meaningful cultural competition, which may be very beneficial.

The essay has indicated that there are both advantages and disadvantages of multiple languages compared to a single language. Currently, most of the languages are vanishing due to the emergence of international languages, which are becoming very popular. English is an important language in the whole world although the issue whether it is an international language or not is contentious. However, based on its speakers, it is clear that the language is quickly turning out to be important on the global scale.

Most of the English speakers are from the western world like the Americans and they are powerful not only politically but also economically. Study of history indicates that the international languages, which existed in the past like Latin and Greek, are marked by political and economic power. Therefore, if the current trend will continue, English will become an international language.

Works Cited

Crystal, David . English as a Global Language. 2003. Web.

Divide, Linguistic Diversity and the Digital. Jenns Allwood. Web.

The Endangered Language Fund . About the Fund. Web.

• Evolution in the English Language
• Theories of the Language Evolution
• Movie Babel by Alejandro Gonzalez Innarritu
• Earth's Issues in “The Vanishing of Gaia” by Lovelock
• Film Studies: “Babel” by Alejandro Gonzalez Innarritu
• The Role of Languages
• Getting Tongue-Tied: When the English Language Starts Dominating
• Language Development Analysis
• Conservative and Liberal Languages
• English as a Global Language Essay
• Chicago (A-D)
• Chicago (N-B)

IvyPanda. (2018, December 27). Globalization of the English Language: One of the Most Widely Used Languages in the World. https://ivypanda.com/essays/english/

"Globalization of the English Language: One of the Most Widely Used Languages in the World." IvyPanda , 27 Dec. 2018, ivypanda.com/essays/english/.

IvyPanda . (2018) 'Globalization of the English Language: One of the Most Widely Used Languages in the World'. 27 December.

IvyPanda . 2018. "Globalization of the English Language: One of the Most Widely Used Languages in the World." December 27, 2018. https://ivypanda.com/essays/english/.

1. IvyPanda . "Globalization of the English Language: One of the Most Widely Used Languages in the World." December 27, 2018. https://ivypanda.com/essays/english/.

Bibliography

IvyPanda . "Globalization of the English Language: One of the Most Widely Used Languages in the World." December 27, 2018. https://ivypanda.com/essays/english/.