Best essay on Globalization with definition-450+ words
Globalization– According to the etymological meaning, the term globalization derives from the word globalize, which refers to the emergence of an international network of economic systems. It is the process of interaction, co-operation, and integration among people, companies, and governments worldwide. Although the term globalization was the origin or begin many centuries years ago about 15-16 centuries the large scale globalization started from the late 19th-century.
And early 20th century, in which the connectivity of the world’s economies and cultures grew very quickly. The term Globalization gives the meaning as
– to open the doors for the trade.
– to integrating of the national economy with the world economy.
Globalization enhances the information
Globalization is the basic truth or fact of life that different cultures and economic systems around the world are becoming connected and similar to each other because of the influence of large multinational communication. Nowadays people do not stay in one place. They travel to many places or countries by means of modern transportation.
Television, telephone, computers, the internet, magazines, and many other communications carry and provide lots of things from place to place every minute. In this era, science and technology are progressing without the limits in a certain area of the country by sharing its ideas nothing remains hidden and secret. Because of globalization, people get information of any kind instantly so as to created similar culture and ideas.
All the people in the world have a similar ideology. World brotherhood is growing among ourselves. There is not anything that is pure and sacred, many things are getting mixed. It is difficult to preserve the traditional human. Properties, cultures, etc. There is a vast change in language, lifestyle, even in marriage.
Globalization provides the Opportunities
Globalization itself is an innovation in the trade of business around the world which makes human life more knowledgeable and skillful. It is the term use for describing the way countries are becoming more interconnect both economically and culturally which is an international method of the process driven by trade, investment, technology, and finance. Has grown due to advances in transportation and communication technology, due to which it helps in the growth of international trade, ideas, and culture.
This process or the method has effects on the environment, on culture, on political systems, on economic development, on prosperity and on human physical well-being society around the globe. The globalization of every country depends on the agreements that are sign by the governments with the WTO( World Trade Organization ) to liberalize trade around the world. It helps to lay the path for faster economic progress. It the only thing that provides the opportunity for work so that the man can utilize their ideas and encouraging a better life.
From globalization, people unite culturally, politically and behaviorally. They may have the same language, ideas, views, food, etc. So globalization is an unseen power that has made the earth a small global village. Nobody is far away within a click.