Globalization

 Globalization and it's uses in our life

Globalization,as we all know that globalization,is in which big companies expand their trade by setting up their company in many parts of the world and make profits.The big companies which I mentioned above are actually called as MNC's or Multinational companies.According to my knowledge,these MNC's first select a place or a country.Where the Cost of living, labour costs, Transport charges are low or atleast affordable when compared to their country.So that they may have some profit even when all these charges are cut. In some cases Multinational companies such as Suzuki(a Japanese company) collaborate with Maruti (an Indian company) Instead of opening their company newly which might be expensive.Now they work in Maruti factories changing their name to Maruti Suzuki and make profit to together!!.And in other case, the companies which are already quite famous in other countries ,for example They buy a T-shirt in India for 100 rupees,Then print their famous logo on it and sell it for 1000 rupees. Globalization is almost always profitable for MNC's if they do their work in a right way. But , sometimes good and sometimes bad or unaffordable for customers. 

credit: third party image reference

But customers are God .And customer service is important

Academic literature divides globalization into three major areas : economic globalization, cultural globalization and political globalization.

1.Economic globalization : Economic globalization refers to the widespread international movements of ,capital, services, technology and information.

2.Cultural globalization : Cultural globalization refers to the transmission of ideas , meanings, and values around the world in such a way as to extend and intensify social relations.

3.Political globalization : Political globalization refers to the growth of worldwide political system ,both in size and complexity . That system includes national governments,their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement organizations.

Let us now discuss some examples of globalization:

1.Trade:The exchange of goods and services between nations.Trade is a feature of ancient societies that has expanded due to improvements in transportation,Political stability and cooperation.

2.Imigration: The ability to live ,work or go to school in a place other than the place where you happened to born. Imigration is a pervasive feature of history that is nothing new.

3.Travel: The ability to travel and experience other places and cultures.

4.Communication: International systems of communication begn with mail services that were impressively global by the 19th century .

5.Transportation: International transport system such as shipping airways and roadways. 

6.Media and Entertainment 

7.Culture: Cultures have always influenced each other due to the spread of knowledge and people. 

8.Law: Legal agreements between nations such as  trade agreements or environmental regulations.

9.Environment: This planet has common resources. In theory, these can be completely used up or destroyed by a single nation.

10.Human rights: Without trade, the international community has less leverage over issues such as human rights within the borders of the nation

11. Political Stability 

12.Capital: Integrated banking systems allow capital  flow over borders. 

13.Science: International programs of science such as joint  programs