Globalization...

Globalization is a phenomenon that is affecting the world over, whether it be a small developing country somewhere in Africa, or a super power, well established developed country like the US. But what is globalization? Simply defined, globalization is the process of fast paced communication. Today, we see that one can easily talk to a person sitting in China or UK the same way in which we can talk to a person in our neighborhood. MSN, email, Skype, Facebook are all parts of globalization. In the same way, the fact that a person living in Karachi can go to a McDonalds for a Big Mac or have an account in HSC are also part of globalization because it means that we all have homogeneous products that the whole world can use. Now that we have a general concept on what globalization is about, let’s discuss short pointers on the pros and cons of it as well.

Pros:

• Free buying and selling between nations Increased.
• Worldwide mass media connects the world.
• Increased flow of communications by allowing information sharing between persons and organizations around the world.
• People are exposed to culture and because of this they can discovery new ways to improve themselves.
• Greater simplicity and pace of transporting goods and services.
• Companies have greater flexibility to operate across borders
• Decrease of cultural barriers give rise to global community effect
• Products or serves for selling have a huge market.
• Decrease the probability of war between developed nations
• World is now close and now every thing about one another
• Increased number of jobs world wide.
• One has a greater access to the world


Cons:

• Some people might lose their cultural traditions due to the existing ruling culture.
• As organizations want cheap labor so globalization increased transfer of skilled and non-skilled jobs to developing from developed countries. Thus, the greater developing countries become dependent on the already developed countries rather than becoming independent. The laborers are often also completely misused and exploited
• Spread of a worldly lifestyle and approach International figures like the World Trade Organization violate national and individual control
• Greater risk of viruses being transferred accidentally between nations.
• Because of Globalization Human resource control and span increases as well.