Globalization: A Force for Good in the 21st Century?

This essay explores the multifaceted nature of globalization, examining its impact on economies, societies, and cultures in the 21st century. It delves into the potential benefits of globalization, such as economic growth, technological advancements, and cultural exchange, while also acknowledging its drawbacks, including income inequality, environmental degradation, and cultural homogenization. The essay ultimately argues that globalization, while not without its challenges, remains a powerful force for positive change in the world.

Essay
Title- What is globalization, and is it a positive force for good
in the 21st Century?
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Contents
Essay..........................................................................................................................................3
References..................................................................................................................................7
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Essay
The globalisation is an effective medium of providing the best transformation to the countries
whether developed or underdeveloped. The countries and the nations are transforming their
techniques into the latest and effective because of the globalisation. Globalisation is
providing a positive force for good in the 21st century as the benefits of the globalisation has
increased the companies and economic growth. The globalisation has provided a very useful
data of an interesting and effective increase in the growth (Intriligator, 2017). The countries
are getting modern as well as developed with the help of globalisation.
Globalisation refers to the process which helps to develop the business on the international
level and get linked with the internationalisation for their upcoming growth. The
globalisation creates an effective impact on the companies and their business at the national
and international level (Intriligator, 2017). The use of various techniques such as international
trade, export and import and export are used for the effective globalisation among the
companies. The globalisation is to connect the world and improve the trading systems in the
world for better growth and development.
Globalisation is a positive force as it is useful to the companies. The use and introduced
globalisation are for the betterment of the countries. The working of the companies depends
on the global network in the current scenario (Cohen, 2018). This is because the companies
depend on the other companies outside the country. The globalisation has linked the various
businesses in an effective manner. The use of globalisation in the technology is also an
effective and major aspect of the globalisation. Globalisation has various effective and
impressive aspects which improve the economy and business of the companies. The growth
and development of the economy is the major credit of globalisation. This is because the
globalisation has provided impactful benefits to the countries.
The globalisation is one of the fastest processes to develop and link the countries and bring
the culture together (Cohen, 2018). The industries of all type are boomed with the help of
globalisation. This is a key factor for positive force in the 21st century. The world has various
delights to improve the business with the help of globalisation. Globalisation provides
various benefits to the companies. Companies get the modification in the business systems
with the help of new techniques and international marketing and trading methods. This is
effective as people get the new knowledge about various globalisation benefits. The
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globalisation provides the benefits of getting the introduction with new and latest
technologies. The world is making the work and activities for business easier which requires
innovative techniques and technologies (Haynes, et. al., 2017). The technologies can be
introduced with the help of globalisation from the world. All around the globe a new way to
explore business and get a link with the effective pieces of business activities are provided
through globalisation.
Globalisation helps the development of the underdeveloped or developing countries by
providing the employment facilities and opportunities to the local people (Haynes, et. al.,
2017). The employment opportunities have increased because of globalisation as the new
form of companies and MNC’s are working in the developing countries for attaining great
exposure. These companies are the part of globalisation and these companies bring in the
various effective benefits for the local communities and people to develop their skills and use
the effective qualities in a proper manner. The resources are utilised in an effective manner
with the use of globalisation. The companies get the benefit of branding and marketing
techniques. Because of the globalisation, companies get the option of proper utilisation of the
resources. The benefit of marketing techniques and new methods of marketing the business
products also helps the companies to get the business on success path (Coker, 2014). The
customers can be connected to the internet from all around the world. This has become
possible in all the countries because of globalisation. There are various benefits of
globalisation which provides unbelievable success to the companies.
The benefits of globalisation to the economy are also one of the major reasons which have
initiated the economic benefits in the countries. The employment has taken a pace which
helped the people in providing the information to the local about the new lifestyle. The
lifestyle n development of the people has been increased. With this, the education added the
international level as well. The globalisation has improved the education systems and added
some international educational facilities for the local people which help them in attaining the
worldwide information.
The use of the internet is one of the major aspects of globalisation. Globalisation has
provided an immense success and achievement because of the internet to the industries and
businesses. The countries growth and development has become easy with the help of the
internet (Coker, 2014). In the internet medium is effective and this helps in getting the best
results for the people and companies.
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Globalisation has provided the immense growth to the country by an equal distribution; the
systems have been improved to provide equal opportunities to all people. Globalisation
brings in the effective concepts of equality from various other countries which enhance the
level of understanding of people in the developing countries (Hoogvelt, 2018). The
developing countries are getting the benefit of globalisation because of its improved
technology which reduces the cost of development for the countries.
From the above, the benefits which cause the countries and companies in the major run are
identified and discussed in detail. But there are various drawbacks or disadvantages which
also impact the countries and business because of globalisation (Hoogvelt, 2018). The
problem or issues of inflation in the countries has risen because of the globalisation. This is
because the companies face the differential rates in the product and services around the
world. Exporting and importing such products and services raises the prices of the product as
well as increases inflation among the economy of the country.
The globalisation has also brought up the international brands and domination of such
companies has introduced with the impact of globalisation on the countries. This has value
down the market of the local brands and there is less entrepreneurship in the countries
because of this. This is the major issue which describes that the people are facing the problem
of insufficient funds and financial resources to control and manage all the improper
dominating companies (Sparke, 2018). They rule the countries in the less effective manner.
The globalisation has increased the unethical issues and values to the different cultures of the
society the world faces this problem or issue in all the countries and this is because the
mixing of the new thinking, as well as new cultures, has created less value for the originality.
Everything is now measured in the terms of monetary and value shave been less considered
to a person. The globalisation has separated people from the countries and increased the b
originality of the countries and common people.
Some major covering which this essay provides with regards to globalisation is provided
here. Globalisation is providing a positive force for good in the 21st century as the benefits of
the globalisation has increased the companies and economic growth. Globalisation refers to
the process which helps to develop the business on the international level and get linked with
the internationalisation for their upcoming growth (Sparke, 2018). The globalisation has
linked the various businesses in an effective manner. The growth and development of the
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economy is the major credit of globalisation. Globalisation provides various benefits to the
companies. The globalisation provides the benefits of getting the introduction with new and
latest technologies. The employment opportunities have increased because of globalisation as
the new form of companies and MNC’s are working in the developing countries for attaining
great exposure. This has become possible in all the countries because of globalisation.
With this, the education added the international level as well. The countries growth and
development has become easy with the help of internet. Globalisation brings in the effective
concepts of equality from various other countries which enhance the level of understanding
of people in the developing countries (Cohen, 2018). The problem or issues of inflation in the
countries has risen because of the globalisation. This has value down the market of the local
brands and there is less entrepreneurship in the countries because of this. The globalisation
has separated people from the countries and increased the b originality of the countries and
common people.
From the above essay, the globalisation has provided a clear aspect that it has improved the
countries and situation s of the world. Variety of new ideas and techniques which is a base of
the countries success is because of the globalisation. The new and modern techniques and
technologies, as well as enhancement in the employment, have provided an influence aspect
to the people. Globalisation has benefited various countries will over the world and its impact
is increasing in the positive force for good in the 21st century (Cohen, 2018). The overall
conclusion which can be understood that globalisation is an impact of positive force for good
in the 21st century.
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References
 Cohen, R., 2018. Diasporas, the nation-state, and globalisation. In Global history and
migrations (pp. 117-143). Routledge.
 Coker, C., 2014. Globalisation and Insecurity in the Twenty-first Century: NATO and
the Management of Risk. Routledge.
 Haynes, J., Hough, P., Malik, S. and Pettiford, L., 2017. World politics: International
relations and globalisation in the 21st century. Sage.
 Hoogvelt, A., 2018. Globalisation and imperialism: Wars and humanitarian
intervention. In Revitalising communities in a globalising world (pp. 31-56).
Routledge.
 Intriligator, M., 2017. Globalisation of the World Economy: Potential Benefits and
Costs and a Net Assessment. In Economics of Globalisation (pp. 85-94). Routledge.
 Sparke, M., 2018. Geoeconomics, Globalisation and the Limits of Economic Strategy
in Statecraft: A Response to Vihma. Geopolitics, 23(1), pp.30-37.
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