Globalization in simple words , can be rightly defined as the exchange of ideas, goods or services beyond any geographical constraint. Wikipedia, a world renowned search engine defines it as,” a process by which regional economies, societies and cultures have become integrated through a global network of communication, transportation and trade.”Both the definitions clearly state that the aim of globalization is to bring the whole world under a single roof, hence termed as a “global village”.
When we talk about the benefits which have come along with globalization, the first thing which strikes our mind is the concept of “free trade”. In simple words, Free Trade as its name suggests, refers to the exchange of monetary trade between traders without any geographical constraints. Free Trade is facilitated by the help of a trade treaty known as Free Trade Agreements(FTA), which have helped in reducing or completely removing tariffs on trade. According to the World Trade Organization, more than 200 FTAs are in force at present. Some of the most popular FTAs are Asia Pacific Trade Agreement(APTA),North American Free Trade Agreement(NAFTA), South Asia Free Trade Agreement(SAFTA) etc.
Another positive impact of globalization has been in the field of media. In the early 90’s, there was an unprecedented boom in the field of media. Previously, the leading media organizations of that era were confined to the boundaries of the countries in which they were operating.But with the globalization creeping in, these media giants began to cross their borders and look towards expanding their area of operations on an international level. Many leading global media giants like News Corp., Warner Bros. Entertainment, and NBC Universal are a classic example of the globalization in the field of media.
When we talk of culture, globalization has indeed revolutionized this seven letter word.With the advent of the technology, globalization has helped to bring together people on a common platform to share their views on a common subject. The internet, which is the brainchild of this era, has connected people across the seas and reduced the communication gap between two or more individuals living maybe thousands of kilometers away from each other. Through the marvels of technology, say mobile phones, internet, cinema and television we are now globally more connected than we were ever before.
Globalization has indeed revolutionized the way we see the world. It is absolutely necessary that we should strive unitedly to make this world a better place to live in.
This was so far the best of all your pieces, especially the starting part.
ReplyDeleteSorry, I may sound like a teacher to you by now but can't help, another suggestion, don't bring up too many issues in a single piece but try and stick with one angle and elaborate on it and also keep the above points in mind. rest you're good already.