Globalization's Influence: A Report on Cultural and Economic Factors

This report examines the multifaceted effects of globalization on both cultural and economic spheres. It delves into the impact of globalization on various aspects, including its effects on multinational companies, immigration, and the global economy. The report highlights the advantages of globalization, such as the broadening of perspectives and the promotion of international relations, while also acknowledging the disadvantages, such as the widening gap between the rich and the poor and the challenges faced by workers in terms of work pressure and job security. The report also mentions how globalization has led to the expansion of opportunities for Indian employees in various organizations, including training and development programs. The report also includes the analysis of the impact of globalization on the culture and its effects on the individuals. The report concludes by highlighting the importance of understanding the complex interplay of globalization and its effects.

Running head: GLOBALIZATION
Globalization
Name of the Student
Name of the University
Author note

1GLOBALIZATION
Summary
The article helps in analyzing the different factors that has affected the culture. The two
factors are immigration along with globalization. Globalization is defined as the system of
complex connections among different countries. It happens both in cultural and economic level.
It has been identified in the article that globalization has huge effect on working individuals who
work for multinational companies. Globalization has profound effect on the culture in other
countries (Hay and Marsh 2016). It has been seen that the individual cultures are easily
threatened by the globalization factors. The advantages include broadening the minds of
individuals and it helps in promoting education. It helps in improving the international relations
among different nations (Rao 2015). On the other hand, there are different advantages of
globalization that include there has been gap between the rich and poor in the entire competitive
market. It has affected the entire global economy that has affected the environment. The
globalization has affected the good working condition of the workers.
Reflection
From the article, I have understood that globalization and immigration has huge impact
on the culture. I have analyzed that globalization takes place in both cultural and economic level
in different countries. In the article, I have seen that the example of Starbucks has been provided
wherein globalization not influences the culture by exporting goods and services, but it has effect
on individuals working in the different multinational companies. I have analyzed that there are
different benefits and disadvantages of globalization wherein it has profound effect of the
different cultures of the different companies. I have understood that globalization has helped
many organizations in hiring Indian employees with proper training and developmental

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programs. It has helped in broadening the mind of the individuals in different countries in an
effectual manner. I have highlighted the disadvantages in the article that included that it has
increased the gap between rich and poor. There have been different cases wherein employees are
complaining about the work pressure and depression. In the article, it has been shown that
employees are depressed and they are quitting their jobs due to excessive pressure.

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References
Hay, C. and Marsh, D. eds., 2016. Demystifying globalization. Springer.
Rao, R.S., 2015. A University Model Thesis on Globalization for Globalism. International
Journal of Emerging Trends in Science and Technology, 2(04).