globalisation

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Globalization

Globalization is a powerful in addition to real factor of the modern world order , and it symbolizes one of the most influential features that determine the future course of the world (Dasgupta and Kiely 2006 . It constitutes of a wide range of dimensions including social , cultural economic , security , employment , environmental and political factors However , globalization is perceived differently by different people all over the globe . Some people believe that globalization has brought with it innumerable benefits to human beings , whereas others

believe that some of the challenges that human beings currently face are as a result of globalization (Eriksen 2007

This article will clarify the perception of globalization by different people in different contexts . The paper will also examine the benefits as well as the disadvantages associated with globalization in various sectors of human life including economy , cultural exchange and employment

As far as global economy is concerned , globalization has got both advantages and disadvantages . Some of the benefits of globalization to national economies emanate from the competitions that it entails Globalization negatively impacts on the overall production of both goods and services in developed and developing nations (Eriksen 2007 . The effects of globalization are experienced on all inputs of the production sector (Dasgupta and Kiely 2006 . In the developing world , globalization result in exploitation of labor . In addition , it also affects physical and human capital that are key to investment . Due to the fact that technologies are diffused from the initiating countries , globalization...