Globalization


 * Globalization**



Definition: Globalization is describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. Today, it is used to describe a continuous process where in societies, cultures, and economies are integrated by means of global communication and exchange network. (source: [|wikipedia])

Read the following article [|Effects on Globalization]

In my opinion, I believe that globalization has made a great impacts in todays world and future.We depend more on globalization than that we thought of. It is true that the impact of globalization is visible and affects the economy of the country but its effect on the mindset of people is noticeable in the way people think and react. It’s like the Iceberg theory where what we do and say are at the tip and what we think and believe is at the base. It applies here as well where people do not change abruptly but may be after a decade the change starts showing and seems radical. The [|pros of Globalization] are: There are cons as many as pros, which are as follows: "Globalization." //Wikipedia//. United States: Wikipedia, Web. .
 * Now there is a worldwide market for the companies and for the people there is more access to products of different countries.
 * There is a steady cash flow into the developing countries, which gradually decrease the dollar difference.
 * Due to the presence of a worldwide market, there is an increase in the production sector and there are lots of options for the companies now.
 * It is true that Europeans are losing jobs and that is posing a problem for them since the companies are outsourcing work to the Asian countries since the cost of labor is low and profits the company considerably.
 * There is immense pressure on the employed Europeans who are always under the threat of the business being outsourced.
 * Corporates are building up units in other countries equally well equipped as they have done at their own country, thus transferring the quality to other countries.
 * There are some experts who think that globalization; along with the positive aspects is also leading to the incursion of negatives like communicable diseases and social degeneration.
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