Paper Topic:

Globalization

GLOBALIZATION

Globalization is referred to as the emerging international connectivity , incorporation , and interdependence in the fields of economics , politics , culture , ecology , technology and social aspects Since globalization is now adapted by many countries , it is now effortless to communicate to people in places that are far-away from one another . It is now easier to travel

between distant places because there had been many inventions such as the mobile phone , airplanes , satellites and the internet . Globalization had become inevitable to the world since more and more countries are already engaged in

adapting the changes that globalization had provided . The World Development Report 2000-01 stated that the world population has reached 6 .1 billion . The 0 .9 billion in the 6 .1 billion population was living comfortably with a 28 , 000 GDP per capita (2000 ) in the OECD areas while the 1 .8 billion of the population lies in East Asia with a GDP per capita of 4 , 600 . In Latin America , there is a 7 , 200 GDP per capita which is 0 .5 billion of the population whereas the 1 billion in India have a GDP per capita of 1 , 9000 . The remaining population belongs to the former Soviet Union , Irag , Iran , Afghanistan Pakistan , Burma , Bangladesh and most of Africa with a GDP per capita of less than 2 , 900 . Most parts of the world are influenced by the expansion of globalization , thus , some nations tend to increase their GDP per capita in an unavoidable manner

There had been many debates about the advantages and disadvantages of global connectivity . Some points leading to the advantages and disadvantages of globalization are still unresolved up to this moment since more and more relevant issues are arising . Some of the advantages that had been excessively taken up concerns how globalization had increased trade in most countries . The World Bank Group noted that since 1950 there was an increase in the volume of trade by twenty-fold from 320 billion to 6 .8 trillion . An increase of three times in the goods that were manufactured that had exceeded the goods ' rate of production was evident

GLOBALIZATION ' Page 2

The good result of the increase in trade of manufactured goods was apparent to the consumers worldwide who are now enjoying the benefits of the wider selection of products and goods . Even though the remarkable economic expansion around the world brought about by increased global trade had created a raise in incomes , offered a lot of jobs , reduced prices and had increased the earning power of the workers , it had also little by little created some interference in politics , economics and social fields

Information technology was linked hand in hand with globalization which had created a wide array of good as well as bad outcomes to the improvement of the lives of many people worldwide . Information Technology had been a powerful factor of globalization . In the early 1990 's , improvements made in computer hardware , software and even in telecommunications had paved an extensive progress in to access...

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