Globalization's Impact on Society

This assignment delves into the complexities of globalization, examining its influence on various aspects of society. It encourages students to analyze the economic, political, cultural, and social consequences of globalization, considering both its benefits and drawbacks. The assignment requires critical thinking and evaluation of scholarly sources to provide a comprehensive understanding of this global phenomenon.

ESSAY
Immigration

Table of Contents
INTRODUCTION......................................................................................................................3
CONCLUSION..........................................................................................................................7
REFERENCES...........................................................................................................................9

INTRODUCTION
Globalization: It is a process of group action that has social and culture characteristic.
Globalization helps to increasing in interaction of people, states and countries through the
growth of international flow of money, ideas and culture. Various factors such as goods and
services, technologies, economic resource of country and data are involves in the
globalization. In the business market it plays a huge role, the foreign investment made by
foreign they expand their market in different countries which helps them to improve their
business and productivity(Hirst, Thompson and et.al.,2015). Through this process goods and
services which are found in the united kingdom are easily available in the US. Now days all
people are able to access the card of any bank, it is creating greater opportunities for the
international entrepreneurial. Globalisation grew in the 1820's on very large scale and then
after the use of technology. In the united states the direct foreign investment is approximately
$174.4 billion in 2012. International trade is the exchange of capital, goods and services
across international borders. It plays a main role in the Immigrations whereas immigrants are
those people who move from one country to another for living intention. Through the
globalisation people of any country are able to move from one country to another, it provides
facilities and comforts to the person.
History of globalization is divided into three periods globalization 1.0, 2.0 and 3.0.
1. Globalization 1.0(1492-1800): it involves the globalization of countries
2. Globalization 2.0(1800-2000): it involves the globalization of companies
3. Globalization 3.0(2000-present): it involves the globalization of individual
It is process through which business and an organisation develop international power.
It is defined as process in which different companies from different countries' comes together
with different products and services at a common international platform(Beck,2015). It
impacts countries differently depending on their economic stage. There are different types of
economies which are as following
 Developing countries: in these nations people have lower life expectancy, less
education and less income. They are in the stage of developing example of this type
nation are countries in Africa(Fujita and Thisse,2013).
 Developed countries: in these type of country people generally have high incomes.

Globalization helps in business management through these people are getting interest
in the international business and trade. Through this the economies of world are being
increasing. To understand the impact of globalisation in the positive way the best example is
mobile phones and internet which have brought people closer. Through this process global
communication is possible which helps in the development of technology. Through this
process cornices of country circulate globally. It plays a huge role in the development of
country because through the globalization people are able to move from one country to
another, foreign investment are possible, telecommunication are better. There are some
positive or negative effect of globalization in different areas which are given below. It
brought benefits in developed countries as well as negative effect(Jaumotte, F., Lall, S. and
Papageorgiou, C., 2013). Positive effect include important factors such as education,
investments, capital flow, employment etc.
Positive effect of globalization are as following
 Global Market: in this context, many companies expanding their business in different
countries to increase the customers. Multinational companies are result of
globalization. All the star brands of world contempt of their original countries can be
found in every part of the world now. Any industry and company can sell their
products in any country. For example McDonald's, KFC, Dominoes etc. are able to
expand their business in different country(Baylis, Owens, 2017).
 Cross cultural management: US seems to have powerful impact upon many other
countries and societies. Through the globalisation not only products and services are
exchanged, culture and trading of the world as well(McGrew and Lewis, 2013). The
Best example of cross cultural management are United kingdom and unities state,
japan as they have high level of immigration. As immigration is the process of
international movement of people. Generally people move from one country to
another if people go to new country for visit they are known as tourist but if people
move to another country for the living there, it is called immigration and those people
are known as immigrants. Through the globalisation International companies are able
to introduce the cultures of their home country to host country. All countries are
moving towards the globalization because it helps in development and also decreasing
the cultural barriers between the countries(Kraidy, 2017). Through the globalisation
people of one country can easily understand the values and culture of another country
this helps to build a good relationship.

 Foreign trade: it created and expanded the foreign trade in all over the world. From
the globalisation things and products which are found in only developed countries can
now be found in other countries across the world this helps undeveloped country to
improve their economy and business in effective manner(Rai, 2013). Nation does
business through international trade, whereby they are able to export and import
goods and services(Dunning, 2014). Companies which exports the products and
services gets comparative advantages. Undeveloped countries are able to improve
their business and can gain future opportunities through the globalisation. There are
two types of foreign investments direct and indirect. Multinational firms are more
complex because they have responsibility to maintain the relation with large parts of
investors, suppliers and government bodies of the world.
 Competition: one of the most positive effect of globalisation is that it improves the
quality of products due to world competition. In this context due to increasing
competition, company has to provide the best quality products all companies focusing
on the quality rather than quantity. Through this customer's satisfaction level
increases in good manner. The main aim of the companies all over the world is to
provide the best and high quality products to attract the customers and to increase the
productivity and margin scale. But increasing competition also impacting in negative
manner on the local business, national and local business are decreasing because of
these multinational organisation.
 Communication: in today's scenario this is also one of the positive impact of
globalisation. Through this different countries are able to communicate and shares the
information about the various issues and conflicts. It also helps to increase the speed
of transportation. With the different electronic technologies people are able to
communicate in all over the world through the messages, phone calls and other
medium. Different and new technologies also helps business person to expand their
business in different countries(Amin, 2014).
 Economic development: globalisation plays a crucial role in the development of
country and also help to enhance the future opportunities within the country. As
infrastructure, telecommunication, technology and transportation are increasing and
improving through the globalisation and all these factors plays a huge role in the
development of country. Moreover, globalisation provides products and services at

low price with high quality. Apart from this it also helps undeveloped countries in the
improvements.
 Legal effects: due to media world are focusing on human rights.
Negative effects: globalization also posses the negative effect which are as following
Globalisation also posses side effects to the developed countries. It includes various factors
such as jobs insecurity, fluctuations in prices, terrorism etc.
 Jobs insecurity: due to high technologies companies need fewer employees Most of
work are done by the machines(Scott, 2013). In developed countries people have jobs
insecurity, peoples are losing their jobs this is because the production and
manufacturing is outsourced to countries where the costs of production are less than
in their countries. Due to outsourcing to cheaper location such as china most people
like accountant, editor, researcher have lost their jobs(Hay and Marsh, 2016).
 Fluctuations in pricing: globalization has enhanced the changes in price. Developed
nation are forced to lower down their prices for their goods and services due to
increase in competition, Because of other countries like china producing products at a
lower cost than the developed countries. So developed countries are facing pressure to
reduce prices of their goods. As increased in competition level is likely reduce the
price level(Gregory, 2014). Due to some countries like china are providing the same
products at low price therefore, UK market have pressure to decrease the price of
products(Kaplinsky, 2013).
 Spread of fast foods chain: fast food chain is growing very fast. Most people prefer to
buy fast foods because it is cheap and are able at very low price and everywhere.
Traditional diets and recipes are giving up from the people and they prefer fast food it
increases many diseases and producing negative impact on people's health(Benería,
Berik and et.al., 2015).
 Western culture: globalisation has expanding the western culture, various countries
are ignoring their own culture and following the Western culture. They ignoring their
own dressing style, language and following the western culture. This can create
misunderstanding due language barrier and also affect management(Gwynne and
Cristobal, 2014).

 Trade: due to new electronic technologies, traditional industries are ignoring.
Widespread use of computers, faxes and mobile phones, internet are cheaper but
producing the gap between firms and traditional industries.
In United Kingdom the market through the globalization both imports and exports increases
likely and this helps in developing the GDP. Overall there are some advantages and
disadvantages of globalization however globalisation can brings more job opportunities in
host country(Crane, Kawashima and et.al., 2016). Multinational company should move their
production operation into developing countries. Moreover, UK can compete with their
competitors by providing the best and high quality products(Palan, Murphy and et.al.,
2013. ). They can attract the customers through the quality of products and services and this
process will help to remove the competitors such as china etc. moreover, internet plays an
important role in the success of business. Through the social media such as Facebook and
twitter etc. entrepreneurial are able to promote their services and products in all over the
world. Apart from this online marketing also providing more benefits to the corporations.
Customer is able to purchase the different products from the online marketing, person are
able to bring different things which are not present in his home country(Nayak, 2016). For
example forerunner are able to purchase the traditional Indian products from online
marketing on the other hand India is able to bring more advanced technologies and products
form the UK. So globalization providing different ways through the undeveloped countries
are able to enhance the future opportunities.
CONCLUSION
From the above report it has been concluded that globalisation is phenomenon which
has positive and negative impact in different sectors but it is not a new phenomenon in the
world economy as its history was laid down from 17th century. It is process of interaction of
people, states and country through the investment of ideas, money etc. through the
globalization people are able to move from one country to another country, people who move
from his home country to another country for the living purpose known as immigrants. It is
providing an international platform so that different companies can come together from
different countries of the world with their products and services. From the above report it has
been concluded that there are some positives as well as negative impact of globalisation. The
use of new technology, communication, education are now more developing through the

globalisation. Through the advance electronic technologies such as internet, smart phones
business person and normal people are able to raise their living standard. Digital technologies
such as internet and social media are plays a huge role in the success of business. Through the
social medial such as Facebook, twitter, Instagram etc. entrepreneurial of different countries
are able to communicate with each others. Through the advanced technologies business
person are able to sell their products in different country and in all over the world, this
process helps organisation to increase the productivity and benefits. Report also focused on
negative impact of globalisation. It increasing the unhealthy environment due to improving
the fast food chain. It also fluctuating the price, developed country such as UK, US has
pressure to decrease the price of their products.

REFERENCES
Books and journals
Hirst, P., Thompson, G. and Bromley, S., 2015. Globalization in question. John Wiley &
Sons.
Beck, U., 2015. What is globalization?. John Wiley & Sons.
Fujita, M. and Thisse, J.F., 2013. Economics of agglomeration: cities, industrial location, and
globalization. Cambridge university press.
Baylis, J., Owens, P. and Smith, S. eds., 2017. The globalization of world politics: An
introduction to international relations. Oxford University Press.
Kraidy, M., 2017. Hybridity, or the cultural logic of globalization. Temple University Press.
Dunning, J.H., 2014. The Globalization of Business (Routledge Revivals): The Challenge of
the 1990s. Routledge.
Amin, S., 2014. Capitalism in the age of globalization: The management of contemporary
society. Zed Books Ltd..
Hay, C. and Marsh, D. eds., 2016. Demystifying globalization. Springer.
Benería, L., Berik, G. and Floro, M., 2015. Gender, development and globalization:
economics as if all people mattered. Routledge.
Gwynne, R.N. and Cristobal, K.A.Y., 2014. Latin America transformed: globalization and
modernity. Routledge.
Kaplinsky, R., 2013. Globalization, poverty and inequality: Between a rock and a hard place.
John Wiley & Sons.
McGrew, A.G. and Lewis, P. eds., 2013. Global politics: globalization and the nation-state.
John Wiley & Sons.
Scott, A. ed., 2013. The limits of globalization. Routledge.
Gregory, S., 2014. The devil behind the mirror: Globalization and politics in the Dominican
Republic. Univ of California Press.
Crane, D., Kawashima, N. and Kawasaki, K.I. eds., 2016. Global culture: Media, arts, policy,
and globalization. Routledge.

Nayak, A., 2016. Race, place and globalization: Youth cultures in a changing world.
Bloomsbury Publishing.
Palan, R., Murphy, R. and Chavagneux, C., 2013. Tax havens: How globalization really
works. Cornell University Press.
Rai, S.M., 2013. Gender and the political economy of development: From nationalism to
globalization. John Wiley & Sons.
Jaumotte, F., Lall, S. and Papageorgiou, C., 2013. Rising income inequality: technology, or
trade and financial globalization?. IMF Economic Review. 61(2). pp.271-309.