Globalisation

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Globalization

Globalization , according to Eriksen (2007 , is strong real factor of the contemporary world order , and it acts as a symbol of the most influential aspects that determine the future course of the planet Globalization comprises of a wide range of dimension including economic political , social , cultural , media , internet , security , and environmental factors among many others (Waters1995 . Globalization is perceived differently by different people . There are those who strongly believe that benefits of globalization to the aforementioned factors outweigh the disadvantages

p The main aim of this article is to clarify the perception of globalization as applied to different human sectors . Secondly , the paper will evaluate the benefits as well as the disadvantages associated with globalizations as regards various human sectors

Globalization has both positive and negative impacts on world economy Quite a number of its positive features to economy emanate from the effects of competitions that it comprises of . Globalization affects the overall production of goods and services of nations . It also impacts on the employment sector as well as other inputs into the production sector . Globalization results in exploitation of labor especially in developing countries (Kiely Marfleet , 1998 . It also affects human and physical capital that are vital to investment . Technologies are also greatly affected , because globalization results in their diffusion from the initiating countries to other countries (Eriksen 2007 Competitiveness , efficiency , and productivity are also negatively impacted by globalization . However , some benefits of globalization on national economies are that it results in increased...