Imapcts of globalisation.pptx

IMPACTS OF GLOBALISATION (CASE STUDY)
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IMPACTS OF GLOBALISATION
Globalisation can be defined as the process of international
integration characterised by interchange of products, cultures,
education and ideas among countries. Globalisation is a key factor
in interdependence among nations particularly in trade and
economic wellbeing.

Introduction
Increased foreign demand and interdependence among countries led to establishment of
subsidiaries of corporate entities in other countries (K. Zeng 2014). For this reason,
many firms extended their operations by exploiting opportunities in other countries.
Thence, such firms were termed as multinationals and are critical players in exchange of
technology, culture, ideas, products and services.

Positive and Negative Impacts
The thesis is globalisation is good for the society since it has led to interchange of cultural,
technological and educational values that have contributed to betterment of lives. Despite the
benefits accrued to countries due to globalism, it has its fair share of criticism.
Globalisation has played a critical role in improvement of quality of goods and services and a wide
variety of goods to the consumers. Besides, increased competition brought by multinationals has led
to reduction in prices of goods and services (OECD Publishing 2002).
Quane (2015), provides a counter argument by stating that globalisation has led to monopoly of
foreign companies and countless deaths of indigenous industries.

Continued…
However, most governments have employed measures to control competition to avoid collapse of indigenous
industries by enforcing competition rules (OECD Publishing 2002). As a result, indigenous countries are
forced to style up and produce high quality goods at affordable prices to retain their share in the market.
Second, globalisation has led to transfer of sophisticated technologies and ideas from developed countries to
less-developed countries and has spurred industrialization. When multinationals establish subsidiaries in
other countries, they usually transfer their technologies to assist in operations.
According to Michael, et al.(2005), most multinational companies guard they technologies with a flaming
sword and do not expose them to local players. As a matter of fact, most multinationals have patented
technologies that are considered as part of intellectual rights and trade secrets.

Continued…
Michael, et al.(2005), argument can be refuted with evidence-based arguments of how
shared technologies have spurred industrialisation and growth in Israel, South Korea
and Brazil to name but a few. Most governments place a legal duty to multinationals
to assist in development through sharing ideas and knowledge.

Continued…
Third, globalisation is key in cultural intermingling and people have become more
tolerant towards others than before. The global village effect is magnified by
globalisation because it has led to eradication of cultural barriers (Michael, et al.
2005).
Besides, globalisation has led to tolerance among people separated by different
classes. Some of the factors that have improved as a result of globalisation include
but not limited to inter-racial marriages, decrease in racism and apartheid as well as
emergence of new cultural hotspots in the Far East and South America.

Continued…
Wettstein (2014), provides a counter argument by suggesting that globalisation has had negative impacts
through transference of bad cultures particularly from the Western countries. With movement of large
numbers of people into and out a given country, culture has been forced to take a backseat and such people
adopt cultures of other countries. For example, youth in developing countries have adopted Western culture
of dressing skimpily and seek pleasure from risky behaviours such as taking alcohol, partying and consuming
dangerous drugs.
However, globalisation has played a key role interchange of positive cultures such as proper eating habits,
good lifestyles and education. Other includes principles of being good citizens, leading responsible lives and
playing part in the political, economic and social wellbeing. Lifelong values such as confidence, abstractness of
mind and competence are exchanged through globalisation.

Continued…
In conclusion, globalisation provided the leeway for global interdependence among
countries. Globalisation has contributed to competition leading to production of high
quality goods at affordable prices. Again, consumers are provided with a wide variety of
goods. Second, it has facilitated exchange of technologies that have shifted the countries
from agricultural-based to industrial-based countries. Lastly, globalisation has led to
exchange of cultural values that have fostered cultural tolerance and peace among
countries.

Conclusion
In a nutshell, globalisation is good for the society since it has led to interchange of
cultural, technological and educational values that have contributed to betterment of
lives.
As a result, I agree, to a larger extent that that globalisation has had a positive
impacts on society.

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Imapcts of globalisation.pptx

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