Globalization Essay Example | Topics and Well Written Essays - 1500 words - 16

Globalization - Essay ExampleIt is all about the monumental structural alteration occurring in the procedures of production and distribution in the global economy. This requires the being and development of an information and conferences infrastructure that is advanced and based on a proper communication system as well as better methods of dissemination of information.Globalization has brought about a channelise in the traditional balance of power between nations in the global arena in that it has abject many barriers that restricted the movement and reach of people through networking and has given more power to unadorned entities to influence both markets and the nation-states thus producing a super-empowered individual (Gilbert 173). Beyond all numbers, globalization has at to the lowest degree three impacts to all countries that embrace it in that it leads to fast economic growth, reduction in poverty and change magnitude more job opportunities. It pulls the countries out from their detachment into the competitive world that leads towards new collaborations and unity thus greatly reducing the distance and isolation that exists in the world into a global village making aliveness extremely easier and comfortable.One of the most crucial advantages of globalization is that it has led to the generation of very many involution opportunities to the unemployed as well as income generation to the people in the host country as the migration of people has become easier thus leading to even better jobs opportunities. Similarly, globalization has expanded the capabilities of people to append their ability to lead long and healthy lives, that has enabled them to cultivate and make good use of their talents thus affording them lives of high-handedness and self-actualization. This is done by increasing the stock physical capital, new technologies, changing institutions, altering incentives among others (Marmolejo 103). The formation of appointment and opportuni ties to acquire