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Globalization or the integration of economies has its share of praise and backlash over the decades; Check out the examples in essays about globalization below.
Globalization refers to the increased flow of goods, services, investments, labor capital, technologies, and ideas across borders. A classic manifestation of the globalized world is how a business sources raw materials from various countries to create a product .
Globalization has provided numerous benefits , such as improved international cooperation , higher paying jobs in developing and least- developed countries, and economic interdependence, which aims to prevent wars. However, globalization has also been blamed for drawbacks, such as increasing inequality, greenhouse gas emissions, and labor abuse.
If you’re writing an essay about globalization, here are a few easy examples to tickle your mind:
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2. does globalization hurt poor workers it’s complicated by layna mosley, 3. six ways to improve global supply chains by darrell west, 4. capital account liberalisation: new thoughts on an old topic by eswar prasad and raghuram rajan , 5. maximizing impact for farmed animals by ken swensen, 1. the history of globalization , 2. the impact of globalization on the poor, 3. increasing protectionism, 4. challenges of the world trade organization (wto), 5. what are trade agreements, 6. effects of globalization on the environment , 7. globalization and labor rights, 8. globalization in the lens of developing countries., 9. globalization in the fourth industrial revolution (fourth ir)., 10. data privacy in a globalized world..
“Everywhere everything gets more and more like everything else as the world’s preference structure is relentlessly homogenized.”
Levitt, who coined the word “globalization, shows how technology has driven globalization. This process has blurred the lines of differing culture-based tastes and moved consumer preference toward lower-cost, standardized goods like Coca-cola and Volkswagens. The late Harvard Business School professor warned that companies that don’t align with this new, more straightforward business reality would perish.
“Political economists have long debated whether globalization started a “race to the bottom” throughout the developing world — that is, a lowering of labor and environmental standards as governments fiercely compete to attract multinational corporations and supply chain contracts.”
Mosley offers a holistic view of the effects of globalization on labor markets and standards, pointing out the good, the bad, and the ugly. The political science professor stresses that long-term solutions must increase a country’s autonomy both on the international — through trade negotiations — and national — through the passage and proper implementation of domestic labor laws.
“To summarize, the challenge of improving global supply chains is their multifaceted nature. There is not a single cause, which, if corrected, would address the situation but a series of difficult problems that interact in complex ways.”
The article is written to magnify the raging global supply chain issues which worsened and became more complex due to globalization. West highlights key policy areas, which governments must prioritize to fight transportation jams and rising prices of goods brought about by additional freight costs.
“…[D]omestic savings are not the primary constraint on growth in these economies, as is implicitly assumed in the benchmark neoclassical framework. Moreover, access to international capital markets hasn’t helped emerging market economies to share their income risk more efficiently, a presumed benefit of financial globalisation.”
The essay builds on the lessons learned from the 1997 Asian financial crisis, which was hounded by currency exchange collapses and massive capital outflows. Ten years after this crisis, the authors advise developing countries to strengthen institutional capacities to ensure stability as economies worldwide inevitably move toward financial globalization.
“This worldwide growth of factory farming is by far the largest threat to both farmed animals and wildlife.”
While globalization has driven the skyrocketing deaths of animals due to increased demand for meat, Swensen argues that fellow farm advocates must not lose hope in creating change. In this essay , the animal protection advocate outlines a few tips to help ignite activism against factory farming.
To provide you with more ideas for your essay about globalization, see below our list of prompts that will surely draw the interest of your readers:
Globalization is said to begin as early as the time of conquerors when empires were hungry to dominate other territories and expand their stronghold. In your essay , you can trace its history from the ancient Silk Roads to the Bretton Wood Conference that laid the foundation for the General Agreement on Tariffs and Trade. Remember to cite sources, such as history books or online articles, when writing your essay .
Globalization is said to have lifted many people out of the poverty line by generating jobs and increasing incomes. Find studies by global organizations or financial institutions to have a clearer picture of the poverty reduction trajectory over decades. For an intriguing essay , write about economic growth improvements in developing and least- developed countries.
If globalization can reduce poverty, why would countries resort to protectionism? First, cite reasons why they resort to protectionism. Then discuss the different trade tools, tariffs, and non-tariff barriers available for protection. Finally, gather studies to see and explain the rise in using these tools.
The WTO is the organization that facilities global trade. First, dive deep into the issues the WTO faces, such as its broken dispute settlement body and growing mistrust in certain WTO members. Then, write about what the organization and world leaders are doing to address issues to counter threats to the multilateral system.
If there is a globalized trading system, why is there a need for bilateral or regional trade agreements? You may answer this question in your essay by discussing the benefits of trade agreements to countries. If your country is part of a trade agreement, set your essay to focus on this trade deal by parsing out its positive and negative effects on your national economy. If there are disadvantages, cite them and lay down your government’s initiatives to counter these banes.
Globalization harms the environment and biodiversity. So first, write about your country’s environmental consequences in light of increased trade with other countries. Then, write about how authorities address environmental challenges, including landmark laws and policies. Finally, include what domestic companies do to balance their profit goals and corporate social responsibility.
Labor has become one of the most contentious issues arising from globalization due to the terrible labor practices that have been unfolding, such as child labor and highly cheap labor. For this prompt, you may want to discuss the essential core standards enforced by the International Labor Organization to safeguard workers’ rights. Next, find out what penalties await those who defy these standards. Then, delve into what labor advocates are pushing to expand these standards and strengthen their enforcement.
Write about how developing countries have benefitted from globalization. You may choose a specific field for this prompt. For example, globalization has helped disperse technologies from developed to developing countries. Technology transfer is key for developing countries to scale up innovation, move beyond the assembly lines and deepen their position in supply chains. You can gather data and studies to see how countries benefitted from technology transfer. You may also focus on your own country’s experience.
The Fourth IR – an industrial age defined by advanced technologies like machine learning and big data — is revolutionizing the global model for doing business. Write about the technologies that can help improve logistics and employee collaboration, among other aspects of a business. Does physical location still matter with the blurring of boundaries in the Fourth IR? How can companies respond to lightning-fast changes in consumer preferences? These are some thought-provoking questions that will allow you to create an exciting essay .
With more excellent connectivity and the ubiquity of technologies that capture and transfer data, protecting your personal information is more challenging than ever. Write about recent and emerging legislation to protect personal data. You may discuss how your country is complying with advanced data protection standards or creating its regime to protect citizens’ data privacy. You may also discuss what benefits companies can reap in protecting customers’ data and the penalties that await those who are negligent.
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Home Essay Samples Social Issues
The world we live in today: a complex landscape.
The world we live in today is marked by a dynamic interplay of advancements, challenges, and rapid changes that shape our daily lives and the course of history. From technological innovations to social transformations, this essay navigates the multifaceted aspects of the contemporary world, examining...
Geography entails the study of the earth and it’s atmosphere, as well as the human activities that it affects and is affected by – a great portion of this has to do with the distribution of populations and resources and political and economic activities. It...
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Globalization as its defined is the process by which businesses or other organizations develop international influence or start operating on an international scale, however the word’s used today has developed to include more than just business. It can be used to define the movement of...
Globalization is the cost-free movement of individuals, goods, and also solutions throughout boundaries. This activity is handled in a linked as well as incorporated manner. Even more, it can be seen as a system to open the global economic climate along with the connected growth...
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The effects of colonisation and globalisation on the evolution of the English language. The British empire was one of the biggest empires in history. The British language is the global lingua franca, a commonly used language for communication between speakers of different languages (Galloway &...
In this book named 'The World is a Flat', the author Friedman attempts urgently to contend that globalization is a leveler of imbalances in social orders. In any case, when you just take a gander at the trap of network, the snare of neighborhood economies,...
Introduction Nowadays, the world has become globalization with the development and the evolution of times. Globalization means the worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent...
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Thomas L. Friedman’s book “It’s a Flat World After All” discusses Friedman’s views on how the advances in technology have caused the world to become as he describes it; “flat”. Friedman uses the “flat world” metaphor to describe how human advancements has evened out the...
In the book “The World if Flat” by Thomas Friedman, it shows the process of the world ending up in a leveled economy. The first chapter explains the ten factors which helped the flattening process. The heading of the chapter, “While I was Sleeping” is...
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Based on the question from the case study, I consider Sony to be a multinational corporation (MNC) because there are sufficient evidence which shows that Sony satisfies some criteria’s that is used to recognize multinational corporations such as: Size There is no doubt that in...
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Introduction Globalization is the combination of everything with everything else. An increasingly complete definition is that Globalization is the incorporation of business sectors, fund, and innovation such that contracts the world from a size medium to a size little. Globalization empowers every one of us,...
In class, our main focus is globalization. We are forced to question what globalization is, its origin, how it affects us and vice versa. As a class, we try to conjure up a time, place, and reason for why globalization is important and relevant in...
Globalisation entails the progressive breakdown of artificial barriers between economies, allowing for the effective flow and exchange of goods and services. Globalisation has extensively impacted the global economy and empowered nation states to strategically develop initiatives and policies to promote economic growth and development. The...
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Introduction Globalization has created the international interdependence where countries are intertwined especially in economic activity. Country could not stand alone to fulfil all its needs just like the basic understanding of humans are living social beings we are interdependence with one another. The same understanding...
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What is Globalization Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these...
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The situation estimations intend to exhibit the noteworthiness that expanding worldwide interconnectedness may have for future monetary advancements. To this end, two free situations were concocted. The "quickened globalization" situation expects that globalization will advance at one and a half occasions the pace of the...
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Best topics on Globalization
1. The World We Live in Today: a Complex Landscape
2. The Need for Geography Study in the Context of Today’s World
3. The Evolution of Information Technology Entrepreneurship
4. The Worrying Issue of Globalization and Tragedy of the Commons
5. What Is Globalization For Today’s World
6. The Effects Of Globalisation On English Being The Official Language Of The United States
7. The World Is Flat Book Analysis: The Flat World Of Globalization
8. Premarital Sex And Abortion As The Result Of Globalization On Malaysia
9. Process Of Globalization And Its Effect On Volkswagen
10. Globalization in the Workplace and Its Effects
11. The Heidegger’s Concept of Globalization: Autonomy and Independence
12. How IMF and World Bank Improve the Globalization
13. Comparison Of Imf And World Bank Approaches To Globalization
14. The World is Flat: The Flatness of the World Due to Technology
15. The Progress and Effects of Globalization in Thomas Friedman’s The World is Flat
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Globalization is a phenomenon, which demonstrates a significant growth in the overall international trade of goods, services and other financial assets as observed in an economy. Globalization also commonly refers to a situation where in one country highly interacts with other countries or economies via trade, competition or investments. In such situations any change taking place in one economy and lead to significant impacts and changes in the economies and financial situations of other economies and countries. Globalization is also a situation where in the performances and economies of multiple countries across the globe become interrelated to each another and the impact of changes in any one economy can cause significant changes in other economies.
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There are different ways by which globalization can have some impact on an economy. The first and the most crucial way is through the changes taking place in the policy. Different countries adopt different policies but in the case of globalization, it is often observed that the policies of one economy are adjusted slightly in order to make them align to the policies of other economies. Thus, the use of policy is one major aspect that leads to the impact of globalization on an economy. One of the very common example of how globalization affects economic policies is that the central banks of any country do not have the privilege of lowering their inflation targets because under globalization purview, inflation cannot be used as a tool in order to manage or change the demand or supply functions in a country.
Globalization also significantly affects the trade taking place from one country. A country is usually involved into some form of exports, as well as imports and the prices and the exchange rates for such trade and export and import are shown to be highly dependent on the globalization. Thus, the economies change significantly because of the globalization and the global exports and imports taking place from a country. Innovation and growth are two important pillars of an economy and both of these factors are highly affected by globalization. Globalization is shown to lead to innovation, which in turn affects the overall development of an economy. The productivity and the prices of any goods being exported or imported from a country are highly affected by globalization, thus affecting the entire economy.
Thus, we see that there is a strong connection between globalization and the development or non-development of an economy. In a situation where the economies of different countries are highly correlated to each other, it is important for the countries to work according to the international scenario. Globalization can act in the favor or not in the favor of an economy depending on the situation but definitely has an impact on all economies.
Reference:http://classof1.com/homework-help/international-economics-homework-help/
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Home / Essay Samples / Social Issues / Globalization / The Effects of Globalization: A Comprehensive Analysis
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Features of globalization.
Globalization on the example of indian economy.
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