Globalisation is a wildly debated topic. It is there for not all that simple to describe in such confused expression simply.Beginning from the background of globalization, improvement in technology such as mobile phones, airplanes, and the internet has made the growth of transport and transmission network possible. That means people and countries can interact knowledge and assets more quickly in the less sophisticated way. This process is called globalization. Globalization comes from the word glob. It means the worldwide movement towards economic, finance, trade, and communication alliance. (Business dictionary 2017).For example, McDonald’s is American firm how it is converted from national company to global company? According to Rodrigo (2012). There are 36000 McDonalds restaurants in 119 countries serving about 70 million people a day. Only 14000 are in the USA. 77 years ago it was just one restaurant in California. In 1971 McDonald’s has initiated the partnership of Denfujta, the local company of the Tokyo, Japan. And 20 years later it was introduced in Moscow Russia then China 1900, Poland 1992 and so on. With global strategy, McDonald’s become a global company. Also due to technical, sociological and commercial advancement that has come about within globalisation company which assembles products in different condition can now offer products worldwide. The consumers can buy for a lower price because they produced for less, that leads to an active interchange of goods between countries. When the sales of products and economic goods take place, there is also co-operation, knowledge and cultural assets are in the package. That makes the world to comes closer together.Globalisation has made the world a small place with increasing international products, national economies and it has numerous advantages on cultural and political characters of the countries.Economic globalisation presents to the expanding interdependence of world economies, the measure of trade transport and communication system on a global network in the matter of promoting international commerce which led to an accelerated economic growth. The development and dominance of global companies and brands is another critical feature. These corporations contribute to increasing global interconnectedness not only by uniformly shaping consumption patterns across societies but by binding economies together through complex supply chains, trade networks, flows of capital and workforce (netivist.org,2017). Free trade promotes global economic growth, creates jobs, makes companies more competitive, and lowers prices for consumers. It also grants to developing countries the infusions of foreign capital and technology, with the chance to grow economically by increasing prosperity. In 2006, Dreher introduced a new comprehensive index of globalisation, to examine the growth in an unstable dynamic panel of 123 countries between 1970 and 2000. The overall result showed that globalisation promotes economic growth. Also, former communist countries such as Russia have followed the free marketing ideology, and they have become more open to trade liberalization. And China which governed by the communist party, the former arch ideological enemy, is now the de facto leader of globalization (Kenneth, 2017). In the more recent past, globalisation was often essentially sharpened on the economic front of the world. The term has been extended to encompass a broader range of areas and activities such as culture, media, technology, socio-cultural, political, and even biological factors (ft.com/lexicon, 2017). Critically globalisation has widened the gap between the richest and the poorest and creates bias. The UN Development Program reports that the wealthiest 20 percent of the world’s population consume 86 percent of the world’s resources while the poorest 80 percent consume just 14 percent. (Human Development Report, 2016) Between 1981 and 2001 the percentage of country people living on fewer than $1 a day decreased from 79 to 27 percent in China, 63 to 42 percent in India, and 55 to 11 percent in Indonesia (Baylee, 2016).On the other hand, globalisation promotes flows of capital, labour, information, and knowledge. According to a report from the OECD to the G20 Sub-Group on Capital Flow Management (2011). International capital flows have developed dramatically over time, notwithstanding a temporary thing through the global crisis. Gross cross-border capital flowed from about 5% of world GDP in the mid1990s to about 20% in 2007, or about three rates faster than world trade flows.When we see cultural impacts of globalisation, it refers to the transmission of ideas, meaning, and values around the world and extends the intensity of social relation through the internet, culture media, and international travel. Communities are less insulated than ever in history, even those who cannot travel can have today a good knowledge of other cultures and many people of other parts of the world. People exchange their views and lifestyle influenced by global cultural and consumption trends (netivist.org 2017). Access to television grew from 10% of the urban population (1991) to 75% of the urban population (1999) and 90% (2009). Cable television and foreign movies became widely available for the first time and had acted as a catalyst in bulldozing the cultural boundaries. (Dr.SVijayKumar, 2011). In contrast, globalisation may lead to an identity crisis. The French are proud of having a localized cuisine, including crepes and pastries, which reflects their unique culture. Because of their pride in their cooking, some French people are concerned that U.S. restaurant chains crowd out their product with fast food (George, 2012). Starbucks causes cultural concerns in Italy because of the association that Italians make between coffee and leisurely sidewalk cafes. Coffee in Italy is further than a drink; it is part of the way of life and Italian mores. While in the United States it is normal for people to buy takeaway coffee for drinking in the street or office, in Italy people usually prefer to relax and chat with peers while sipping coffee (Stephan,2016). However, when we think about how human rights came about, it was through the integration and expansion of the era of globalisation. Globalisation, in fact, been the source of modern human power. Two features of contemporary globalisation are an emerging global human rights culture and the growing trend toward democratization. The prospect of a transnational extension of the ideas of democracy and human rights is transforming the scope of political philosophy, leading to a severe exploration of alternatives to the legitimacy of nation-state politics in the contemporary world.( Deen Chatterjee,2014). Also, Modern technology is widely accessible, and rapid communications represent an essential dimension of globalization. With increasing deregulation, modern information and information technology, especially the Internet, can remould the modus operand of tread, which would benefit those who are privileged with the possession of knowledge and skills, increasing trans-continental work opportunities have opened some opportunities to women (Dr.Hoda, 2016).Globalisation is the idea of slowly changing to a fully integrated world where all come countries interact with each other in politics, cultural values, and knowledge. Under globalization, governments can take place above the state through political integration schemes such as the European Union and intergovernmental organisations such as the International Monetary Fund, the World Bank, and the World Trade Organization. Political activity can also transcend national borders through global movements and NGOs. Civil society organizations act internationally by forming alliances with groups in other countries, using global relations systems, and advancing international agencies and other actors instantly, instead of working through their national governments.( Global Policy Forum, 2017).Political authorities and states are bounding unitedly all over, one excellent model of this is the European Union. The supports for federal and economic decisions to be made that are good for a global advantage, instead of only focusing on local areas (FutureofWorking.com, 2015).In comparison One of the most significant political lessons of the eurozone crisis is that the classical model of sovereignty has ceased working. As the examples of Greece, Portugal, Italy, and Spain have shown, the nation-state has lost the last shreds of its supreme authority to make decisions on domestic policy matters. The breakdown of the Soviet Union has led to the US control of the global system and international relations. That provides the US with many opportunities to defend its national interests globally and to challenge international legitimacy through marginalizing the role of the United Nations and ignoring the international law. Power and benefits become the main characteristics of interstate interactions(Peter, 2011).Still, one country or even one group of state, cannot solve its own. Single nations have a severe disincentive to attempt to solve the problem of global scale unilaterally, as others may choose not to help out, and to “free ride” on those effects. Ad-Hoc Cooperation between a handful of countries on significant issues is hard to maintain. Solving transboundary environmental problems such as the ozone layer and global warming requires extensive worldwide coordination and cooperation. Similarly, the complexity of regulating the global economy needs a global organization. Even at the regional level, the group of states found out that working together through shared institute above the level of nations countries can lead to more efficient effects to deal with transboundary issues. Moreover, some countries have found that cooperation through institution leads to more efficient economic transactions as well as the member of European union found that agreement on even small technical issues could lead to future cooperation on more economical or political issues. In generation time, old enemies such as Germany a freelance found themselves cooperating so often an on so many issues in common that they had become highly interdependent and had improved political ties as well . As others countries have joined, they too have benefited from the joint effort of their neighbours, economically and politically (Krain, 2005).In conclusion, I would like to state an assumption that globalisation is essential for any country that does not want to lose such everyday changing world. Globalization seems like a horse; we must learn how to ride it or admit to run on bare feet in the race. Despite all the overwhelming restrictions and stumbling bars the effectiveness of the Globalization and cohesive efforts of people and the government will help to stand a confident stead prevail over the disadvantages. It will encourage to prevent migration which is integrated into third-world and backwater nations and diminish social imbalance which in its turn will profit the advantages of the Globalization. All these considered facts are a time-consuming and labour-intensive process, but it will distinctly fortify and develop the globalisation.
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