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To what extent does globalization, with its increased information and…
To what extent does globalization, with its increased information and trade flows, positively impact the global society?
Globalization
Due to technology and investment, the relationship between countries has improved to the extent of trading goods and services becoming international and increasing economic growth.
Globalization has helped most people through different things. Globalization made the world advance faster than ever, and this led to an increase in many things. Globalization has made migration easier, and so, many people now migrate to try and find job opportunities which are now easier. Globalization has made technology improve fast, now we can communicate with people easily and fast which 25+ years ago we never dreamt of. International relationships have been better due to globalization and now you can have the same product in different countries.
Flow of Trade
Trading can be seen in different types depending in the context, but a simple definition is trading in the action of buying and selling products in a national or international scale.
Through globalization trading has increased over the past few decades and trading has become international. Global exprts has increased by more than 4000% in the last 2 centuries.
An example of trading is when cold countries produce winter clothes and sell in places thats not cold all the year. Region of Norway, Sweden producing jackets to sell to places like England and France, etc.
Migration
Migration is when people from countries go to another country to live their in hopes of seeking a better life, in term of work, sanitation, education, etc.
Example: People from sub developed countries migrate to neighbouring countries that have morejob opportunities.
It is important that countries have border rules, so they can control migration. With too much migration, countries can have overpopulation and they may get annoyed if the country dosent have the same beliefs as the their past country
Migration has made countries have different cultures. But it also has the potential of making cultures disappear as migrates go to other countries and learn the new culture and forget their old.
Flow of Info
Globalization has helped organizations communicate easier and make it possible for industries become international by selling their products in multiple countries
Globalization has helped spread knowledge from country to country. Some countries knew how to produce something and through globalization other countries also learned.
countries have learned new cultures. This means they learned typical food from other countries to make in their own country.
Positive impacts
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Trade & Development: Brings wealth and foreign currency. The extra money can be used for better development
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