The pros and cons of globalism Essay Example | Topics and Well Written Essays - 2500 words

The pros and cons of globalism - Essay ExampleIt extends to all forms of activities such as commercial, financial, or til now religious as healthy as cultural. Such a development over the years has broadened the scope of human activities significantly thus giving turn out to higher consumer expectations. One of the key reasons behind the sudden spurt in globalization is the range of technological innovations in the recent years, which has helped in transcending boundaries by breach down barriers and made it possible for various businesses to take shape and reach a wider audience. The fact that technological revolutions have single handedly revolutionized the global arena has been enter by various authors and researchers alike (Langhorne, 2001). The internet revolution which has given rise to e-Business and e-Commerce has helped in creating global virtual communities These communities are known to display a strongly developed sense of awareness and play a vital role in participa ting in matters such as political as well as economic discourses, thus becoming a strong dominant force in enforcing their perspectives in matters related to public policies. The development of enterprise performance systems, wireless communications technology as well as a range of effective business software have enab conduct the businesses to cater to the large and varied requirements of their consumers, in the fastest way possible. People have now taken to shopping online and expect their orders to be shipped to them as fast as possible. The marketing plane section has found a new virtual ground for aggressively advertising their products, while the company management are now aiming to sell their products virtually. Global connectivity has grow the business hours and now provide for a new 24/7 working schedule thus, implying the intensity of competition in the global marketplace. Furthermore, technological progress has also afforded various countries to enter into economic p artnerships with each other for the provision of goods and services, thus paving way for international e-commerce (Tompkins, 2007). Globalization also signifies the tendency of businesses to lay their funds in projects and avenues which are beyond their national boundaries and venture into international territories, thus expanding their scope to different markets worldwide. The proponents of globalization have termed such a tack as a positive influence especially with respect to the developing nations, who can now avail the opportunities afforded to them, to develop faster by co-coordinating with the industrialized nations. However, the opponents of globalization on the other hand, have countered this recent development stating that it acts as a barrier for a nations progress, questions its sovereignty and paves way for the development of other nations by conciliatory / trading the local jobs for cheaper jobs off shore. This paper on the Good and bad of globalism seeks to assess a nd analyze the perspectives presented by Thomas Friedman in his book The World is straightaway and derive conclusions regarding the actual impact of globalization in contemporary times. The World is Flat Thomas Friedmans book The World is Flat examines and assess the various facets of globalization, and serves as a guide to those at the helm of affairs to analyze and introspect their policies and their resultant impact on the economies of their respective nations. Friedman states that there are various forces which has led the world to become flat. He has refers these