Globalization Is The Buzzword Of Today - 1362 Words

Globalization is the buzzword of today. The economies of the world are being increasingly integrated. Mobile phones and Internet have brought people closer. The world is becoming a smaller place. Goods, which were once confined to western countries, are available across the globe. Work can be outsourced to any part of the world that has an Internet connection. Because of improvements in traffic infrastructure one is able to reach one s destination in a relatively short span of time. Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels. Globalization is an ongoing process by which mainly regional†¦show more content†¦Even ancient Civilizations of Indus Valley, Mesopotamia and Egyptian Civilization did not live in isolation and had trade linkages. In the medieval times, Arab Traders provide a vital link for trade between India and Central Asia, Europe. Industrial Revolution in England and other European countries resulted in mass production and market for surplus goods had to be found in erstwhile colonies. However, with the end of colonial era after the Second World War, this form of globalization of colonial nature also came to an end. Modern globalization: In the middle decades of the twentieth century globalization was largely driven by the global expansion in the United States and Europe, and worldwide exchange of new developments in science and technology, and export of western culture through the new mass media: film, radio, and television and music recorder. Development and growth of international transport and telecommunication played a decisive role in modern globalization. The spread of globalization slowed down during the period from the start of the World War I until the third quarter of the twentieth century. However, the pace picked up rapidly during the fourth quarter of the twentieth century. In World War II, which is largely the result of planning by politicians to break down borders hampering trade to increase prosperity and interdependence thereby decreasing the chance of future war. Their work led to an agreement to lay downShow MoreRelatedGlobalization And The 21st Century1433 Words   |  6 PagesGlobalisation is the new buzzword that has come to dominate the world and has made the world today, â€Å"a global village† as the world getting smaller and smaller. It is the process where the economies of various countries in the world become more and more connected to one another. Globalisation is an inevitable phenomenon in human life that has been bringing the world closer through the exchange of goods, information, knowledge and cultu re. Over the last few decades, globalization has become much fasterRead MoreGlobalization, Globalisation, And Media Related Globalization1869 Words   |  8 PagesA global society is where the whole world is seen as one international society, instead of separate nation states, as a result of globalization. It is when things happen in one part of the world and end up affecting other parts of the world too, resulting in a growing awareness of the world as a whole. â€Å"Globalization can thus be defined as the intensification of worldwide social relations that link distant localities in such a way that local happenings are shaped by events occurring many miles away†¦Ã¢â‚¬ Read MoreChallenges And Challenges Of Hrd Essay1444 Words   |  6 Pageshuge inventories have been unceremoniously cast away today in this customer pampering competitive market. Buzzwords like Right-sizing, Downsizing, Rationalization, Golden Hand-shake have been welcomed by businesses while referring to th e sheer number of employees. Manufacturing strategies such as â€Å"Flexible Manufacturing systems†, â€Å"Computer Integrated Manufacturing†, â€Å"Enterprise-wide Resource planning† are making the rounds of the shop floors today. If this is the present, what is the scenario goingRead MoreImpact Of Globalization On The World1870 Words   |  8 PagesGlobalization can be defined as the process by which businesses or other organizations develop international influence or start operating on an international scale. (Oxford Dictionaries, 2016) Globalization is the buzzword of today as someone think it could develop the international. People can contact different things in their own place which are from other countries. Moreover, internet is more important things in globalization whatever for personal or society as it can let us to contact the thingsRead MoreImpact Of Globalization On Education System2041 Words   |  9 Pages IMPACT OF GLOBALIZATION ON EDUCATION SYSTEM IN MANIPUR * NONGMAITHEM JIBANTA SINGH Lecturer in Churchandpur DIED Centre, Churchandpur District, Manipur . **DR. NONGMAITHEM CHANDRASHEKHAR SINGH Assistant Professor, Geography Department, Standard Colege, Kongba, Imphal-East, Manipur. A B S T R A C T The word globalization is the new buzzword that has come to dominant the world since the nineties of the last century with the end of the coldRead MoreCase Study Iia Australia and New Zealand: Doing Business with Indonesia1555 Words   |  7 Pagespopulation of more than 230 million people, Indonesia is the fourth most populous country in the world, but there is a great imbalance in population distribution within the archipelago. Settlement has always been greatest on the island of Java, and today about 60% of the Indonesian population lives there. National ties are strong, as revealed by the great response from within Indonesia to the recent natural disasters in Aceh and Nias. Unfortunately, there are still very obvious socio-economic disparitiesRead MoreEssay Costs and Benefits of Globalization and Localization2526 Words   |  11 PagesGlobalization is unstoppable. Even though it may be only in its early stages, it is already intrinsic to the world economy. We have to live with it, recognize its advantages and learn to manage it, said Maria Livanos Cattaui in her article, The global economy - an opportunity to be seized (Business World, 1997). Many authorities agree that as the world enters into the twenty-first century, many economic, political, and cultural changes will take place due to what some people are simply callingRead Morecom 537 study guide2772 Words   |  12 Pagesthe conversation by telling him that you made an A on the test in economics today. This is an example of a. 0 intrapersonal communication b. 0 contextualizing c. 0 narrowcasting d. 0 framing Week Two: Audience Analysis Objective: Identify internal and external stakeholders for persuasive communications. 5. Which statement is inaccurate about Thomas Friedman’s â€Å"the world is flat† concept? a. 0 Globalization has leveled the playing field for emerging markets. b. 0 Small companies andRead MoreGlobalization3414 Words   |  14 PagesAbstract Globalization is the buzzword of today. Globalization means bringing the world together, making the world interactive and effective. The economies of the world are being increasingly integrated. It is very debatable issue since it affects every single human being in this earth and plays a major role in every second and in every issue of the entire universe. Mobile phones and Internet have brought people closer. The world is becoming a smaller place. It brings the local market and theRead MoreA Study On Stress Among The Banking Employees2339 Words   |  10 Pageshave made significant contribution in almost all sectors. In the world of hectic work schedules omnipresent deadlines and cut throat competition there is less downtime in which they are really away from work this has led to stress which has become a buzzword. Stress is a response, psychological or physiological to influence arising out of change, disturbances or occurrence in the environment or in the life of a person. It m ay be construed as a pressure strain or tension. The global meltdown and the subsequent