Globalization Essay Example | Topics and Well Written Essays - 2500 words - 2

Globalization - Essay ExampleGlobalization we scum bag is inevitable in this day and age. Now that it has taken place there is no turning make outstone and no country that has been touched by worldwideization can reverse the process and survive and prosper. This is because right away economies are to a greater extent complex and complicated than ever and technology has shrunk the world to such an extent that every last(predicate) countries and economies are interdependent and cannot survive individually (Kustin, 1993, pp. 4-8).Long Term Befits of GlobalizationThe benefits of globalization are many a(prenominal) and while there are many miserable term benefits of globalization homogeneouswise we can likewise name many long term benefits of it. Some of the short term benefits of globalization have been the light cost of goods and function that have been achieved by the use of comparative advantage and also economies of scale. For instance having goods produced in China has lowered the prices of many goods that are currently sold in the United States. Big retailers like Wal-Mart contract manufacturers in China to produce for them due to the cheap labor that is available that will prey them a price advantage, which they will not be able to gain if the goods were produced elsewhere - where labor was more expensive.Likewise globalization has helped increase service levels like has been done in the health care manufacture in North America. The issues related to the acute dearth of radiologists in North America has been addressed by radiologists in India, based in India being hired to fill the vacancies, however unlike in the gone they are not physically present North America but carry out their duties most with the help of modern day... The essay looks at the external forces that have to be encountered by organizations that are preparing to go global or are already global. In the next section the essay then investigates why some organizations choose to stay local or regional while others decide to go global and how the local and regionally focused organizations survive in this day and age. The impact of the internet and other proficient innovations on globalization are closely evaluated in the next section. The article then goes further and looks at the broad gains and losses that have been made from globalization in the last decade or so. undermentioned the paper goes on to look at the main reasons behind international expansion being key to the growth and survival needs of todays multi-national companies. Last but not least the root gives his personal opinion on globalization and concludes by summarizing the main points covered in this essay.This paper makes a conclusion that globalization today is inevitable and no country nor economy that has been touched by globalization can turn back the clock and survive without globalization because all economies and countries are interdependent on each other for their survival and glo balization is the thread that keeps them all connected. There have been many short and long term benefits of globalization such as lower priced goods being manufactured and individuals having access to products and services that they never had before. Likewise though, there have been many long and short term drawbacks due to globalization.