Globalization is very important and timely
discussion to talk about. Simply globalization means the world becoming a place
like a village by sharing the cultures and technology including all other
aspects which supports the human being livelihood through communication and
technology. This process of globalization will be affecting to the socio
cultural, economic and political and also the physical wellbeing of the people.

 Globalization is a concept which came from
earlier days.  Before thousand years in
the history it has been recorded that people transacted with different nations:
Middle East countries and Asian countries, silk routes which are recorded in
the history. And also it should be mentioned that the present globalization has
some similarities with the society there was before the First World War in 1914.

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Should
Globalization be encouraged?

There
are different discussions that globalization is positive but also some people
argue that it is not acceptable. Herewith I mentioned some reasons why
globalization should be encouraged.  The
trading freely will ensure to reduce some barriers for countries like tariffs,
Value added taxes and many other obstacles and barriers between the nations.
But there are still barriers among the countries. Globalization is encouraging
the globe by creating jobs and makes competition among the companies to work
hard and finally this will leads to the economic growth of countries.  As well as consumer price for goods will be
reduced with the introduction of different goods and services. A competition
will occur among countries and it will leads to the prices down. But this is
not happening because the countries try to manipulate currency so that they get
price advantage. Globalization is helping poor countries in getting the foreign
capital and technology by spreading the prosperity, creates a society with
freedom and respect to democracy as well. This is a goal that most of the
developing countries are urging wishing for. Globalization should be go hand in
hand with democracy as well. Globalization has allowed all the companies and
consumers around the world to access any product they like to have. For Example
we can have Macdonald Burgher in Sri Lanka whose mother company is not Sri
Lanka. And also We can learn about different cultures that have spread out all over
the world.cultural differences can be applied to the technology and the
products as well. There fore innovations are also promoted from this.  It enables the government to solve the
ecological problems related to a country. As a development of the social
interaction , now people has accept the others and have tolerate them better
than earlier which considered people and nations as aliens. Civil disputes has
reduced into a considerable percentage and it makes world peace. People can
travel fast and there is a huge development in the mass communication. Even in
Sri Lanka also in any place any person can connect with another person in
abroad.  People have maintained a trend
to share their labor knowledge and therefore multinational companies have
development and people in different nations work together. Information
technology has shown a vast development that sometimes people tend to steal the
technology of other persons. But they access to innovations as well. Some
transnational companies have started business in poor countries and there for
it provide job opportunities for citizens. Globalization has provided the
countries enabling to free trade agreements like NAFTA, South KoreKorus.

 

 

Should globalization be discouraged?

Also sometimes
we see instances where globalization is a threat to people around the world. Let
me point out how it is happening. Inequality- while the globalization has
spread out around the world the rich countries produce goods and services in
order to achieve the markets and then some poor nations are struggling with inequality
that they could not enjoy the benefits of globalization. Unemployment  – when there are less barriers to share
knowledge people are going for developing countries once they get higher
education and then some poor countries remain constant with unemployment
in  the higher rank positions in their
businesses. Countries have to face for inflammation because there can be rapid
rise in the prices of goods and services imported among many countries.
European countries have dominated some markets in Asian countries. It can lead
to increased likelihood of economic distractions of single nation influencing
every nation and hence unfitting the world leading to chaos around the globe.
Smaller domestic institutes may lack the resources to have competition  with large international and multinational
companies and therefore maybe thrown out of business and make losses. Since
globalization involves traveling of people as well as goods from one country to
another ,It can lead spread of some of the dangerous infectious diseases known
to humans which will be spread out around the globe then. Apart from the above  discouragements of globalization there can be
many more added as threats and it depends on the use of it and on how it sees
globalization as a benefit or as threats.

A number of participants connected together
to the development of the transactional business concepts to the globalization
as well. Many of these changes are depicting the long-term hazards that have
traditionally fallen out from the reinstallation  of foreign policy in engagement specially   for Asian
countries. Developing the institutional capacity – at both the domestic and
international level is to  address these
concerns will be one of the large challenges for the region in the next
century. Rapid economic growth in Asia is noted because now they also have
energy and the fuel. This leads to growing reliance on energy imports,
increasing the recognition of sea routes and all other transportation routes
all over the world.

 

 There
can be political risks   of globalization.in some areas the use of
energy has also affect to the environmental destruction, which several parties have
linked to societal threat. It
should be mentioned that the world is chasing for mony and losing the humane
qualities. Every animal is being use for humans purpose. Most of the endemic
species are not more in earth now.  The severe problem of
environmental destruction, together with the growing populations in the area
has increased some threat on food and water supplies. Coastal areas are full of
garbage and they keep cleaned only if there is foreign attraction and then
therefore must be cleaned. Although improvements in agricultural technology
appear likely to mitigate food security issues, water availability was cited by
several participants as a likely source of conflict in the future. People in some quantities does not have
daily consumption of water while the other part of the world is enjoying ,
playng  and wasting gallons of water. The
combination of rapidly growing populations in much of the developing world,
increasingly national borders, and disparities in economic growth rates, has
marked a dramatic increase in international migration. Some countries does not have
their own culture or nature because half of the population is migrants in those
countries. Migration has already emerged as a source of tension in Southeast
Asia inclusind the Austrialian continent. A Asian countries implement troops
and naval powers to limit the arrival of international migrants which were
abodant in crisis period. Globalization gave access to people to detect crimes,
and reduce terririsom because it gave the convenience of transportation and
communication . but we can see that many people around the globe mis use this
and take the profit out of thisbut some people said that this not the fault of
the globalization but the people in the 21st century is responsible on
these. Asia’s financial crisis and the forces of globalization more broadly,
may have a great effect on the region’s economic stability. The Asia Pacific
Economic Cooperation (APEC) forum was unable to give answers to the questions
of financial crisis and then it has been lost the trust of people with al of
these problemes everybodsy said that this uncertainity is not good for future
in the asia.. .We should talk about the threat that has come for Sri Lankan
Domestic foods and business. They have been collapsed because people are not
buying local products but foreign foods as well. Sri lanka is an Island rich of
resources to make livelihood more comfortable. But people are not eating  the local faring crops. Either these are not
being exported to nother country. Government attention and support has been
reduced or taken away by some other cases. Only few  are proud to consume local products. Dairy
products companies in Sri Lanka import most of the powder milk packets to Sri Lanka
and that discourge the local milk farmers as well. These things happen to
farmers in northen rural areas of Sri Lanka. Multinational corporartions are
now well developed in the country and most of the educated people are working
there and the line level workers are working for low salaries since it marked the
exploition of human resource inside the country.Some people gets jobs but a
portion of the youth in country are with unemployment although they have
qualification to do jobs and experience to do jobs. Young generation with
knowledge do jobs that doest macth for them . they do those jobs because they
can make money so easily then.Globalization has created a big gap between the
rich and the poor . people spend money like more than they should while some
part of the globe cannot survive because they even don’t have their daily
consumption meals. They don’t have money to buy their needs. But some people
have no idea what to do with their money. This happens because globalization
leads you to earn more and more profits than expected. All the natural
resources has been destryoted now. Animals are dead. Earth is collapsing
because people are thinking about only the near future. Envirionmentsal
pollution is seen everywhere. Numerious disesased has spreaded all over the
world while millions of people die from bad meal habits.

Cement
industry would likely experience a significant protracted decline .Another
criticism is the high cost of a comparative or absolute advantage to a
country’s own well-being if misuse. For example, China has become a giant
worldwide emitter of carbon dioxide thanks to its comparative benefit in
manufacturing a wide range of products. Other countries may have a comparative
benefit in mining certain natural resources – such as crude
oil – and mishandle the revenue generated
from those activities. A final disadvantage of globalization is the increase in
wage for workers, which can hurt the profitability of some companies. For
example, if a developed country has a high competitive advantage in developing
software, they may drive up the price of software engineers around the world, which makes
it difficult for foreign companies to compete in the market. Globalization has
a tremendous impact on international investors, and then when it comes to trade
issues that may impact a country’s exposure to globalization. President Donald
Trump, for example, has taken a protectionist stance when it comes to free
trade under agreements like NAFTA. The elimination of these trade agreements
could have an adverse impact on economic growth over the long-term since it
eliminates comparative advantages. Changes to trade policies can also have an
impact on individual sectors. For example, the United States solar industry has
long had a different relationship with China’s solar industry. The U.S. has
accused China of ‘dumping’ photovoltaic solar panels at unfair prices into the
United stated which could lead the U.S. to take action and introduce import
tariffs that could affect the entire solar industry. International investors
should be cognizant of these globalization-related factors and political
risks when
making investment decisions. Because
globalization is totally inconvertible, we must tell ourselves that the
benefits overcome by the disadvantages. It depends where we come from, but let
us first take a look at what these disadvantages are before we form an opinion.

We would not reveal the truth in
that, but what about the borderline monopoly that the largest companies in the
world have created for themselves? Apple, Exxon, Google, Sony, Samsung etc.
Whereas they were once who introduced products to the world, they are now so
big that politics and strategy are more important than innovation of those
products. The result of this is that smaller companies with innovative ideas
have an incredibly difficult competing. And how can they? If they’re lucky,
they’ll be bought out and walk away with a pay check; if not, they’ll just be
crushed, often purposefully, by a competitor that is literally a billion times
bigger than them

So now China is the Apple center
of the World. They produce the cheapest apple products, which will be
producing for more than 50% of the apple products in the world. A lot of people
up and down the East side of the world lost their jobs, but here is the counter
argument: China is not allowed to export apples to the U.S. This may be
different so soon but for the time being, China is able to put a lot of people
on the East Coast out of business without even selling the product in the same
country The lesson of the story is that another country can do what you do
better and dropped you out of your corporation without even looking you in the
eye. That is the globalization. But to be fair, the damage we have done to
China and the benefits we took advantage of (cheap labor) are largely more
important. Why can we be fair in this matter? 
We hardly need to spell this out, but we will add a thought or two.
Globalization has created a global-sized request for fuel and industry, and
this need has been criticized and ignored to the extent that the future of life
as we know it has been brought into problem. You may or may not accept in global
warming, but you cannot deny the truth of the conversation. Does the fact that
this conversation is happening not say something in itself? Have we put our planet into trouble? Now obviously,
yes. The counter argument against this fact is that we could not possibly have
caused so much destruction to our precious planet. The information says in the
other way.  We have to agree that we have come
into over half of the world’s tropical forests. It is not an easy task to
change the current situation of the atmosphere. 
The atmosphere ends closely 60 miles above the surface of the Earth. It
is just not that voluminous. It is not limitless. It has a limited. It is
actually not big and when we work together internationally, even
the bad side effects of all the amazing things we accomplish are, in a word,
internationalized.

So it is our duty to make sure that
we understand this huge problem and work together to protect the world and also
to rise up as nations to protect our own traditions and cultures.

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