Globalization can be defined as the dynamic force that plays a pivotal role in the integration of the global markets. It is not only concerned with the survival but also provides an immense opportunity for the future course of action. Further, it leads to immense stability of the business in the global prospect. Globalization is essential when it comes to the process of development because it infuses a feeling of necessity in the mind of the people.
The development can be complete when the resources are in plenty, high level of education and upgraded technology. To attain a success with the concept of globalization, it is essential a well-defined path must be followed. The noteworthy step in globalization comprises of cultural, political and economic (Lechner & John, 2011). Overall, the area of globalization is linked to innumerable places and hence contains a capacity to drive the economy to success. The structure of globalization's encompasses the industrial, as well as financial business. The influence of globalization is not catered to a single country rather it brings prospects for all.
Countries or Industries that are affected
With the advent of globalization, there has been an immense change in the global scenario. A radical change has been noticed in the developing, as well as developed countries. Therefore, globalization is not limited to any country rather it spans to the countries of the world at large. The impact of globalization has been significant in the developing countries like India, Africa, China, etc. On the other hand, developed countries to have witnessed a significant help from it such as France, Demark, Germany, Sweden, etc (Sorrells, 2013).
As per the research, it has been chalked out that Ireland holds the place for the most globalized nation and is followed by Austria, Singapore, etc. The presence of United Kingdom cannot be ignored and it stands at rank 34th. As per the index of the globalization, it can be commented that the nation that is globalized are able to reap ample benefits and are rich (Wolf, 2014). The business culture is strong because of the knowledge and power of the people. Globalization have a strong impact on the nation and therefore, the trend of the people undergoes a sea change.
The people in such nations have a different perception and are able to different ideologies (Lechner & John, 2011). There is no denying the fact that globalization has influenced the market of the developing countries too. The multinationals have undergone a huge change and a strong link with the international market has provided a strong boost to these companies (James, 2014). However, the impact is not the same in all the countries because there have been multiple cases of deindustrialization in many countries.
When it comes to globalization, the positive impact of globalization stands tall. From the very beginning, the process of globalization caters to the benefit of the countries and influenced the overall economy of the world. It has ensured the world to be a better place to live in. it strived to remove the problem of poverty and problem of unemployment. The concept of free trade and the association between various countries of the world has provided a positive result. Secondly, the poor countries have been positively affected as the economies of such countries are changed for the best. The exchange of information has got a new lease of life.
In short, the geographical barriers are removed leading to a strong link. There existed a strong rift between the developed and the developing countries which were removed with the help of globalization. A strong level of trust and bonding has developed and the countries have become cooperative. The concept of cultural globalization has brought a strong revolution in terms of enhancing the social link and added a strong meaning to the culture of the people. Globalization has changed the outlook of the countries through a radical change in the process of communication and technology. On the other hand, enhanced means of communication has taken the world by change.
The mobility in terms of labor has another added impact where the labor from one country can move to another and provide services. In short, it can be commented that globalization has ensured innumerable advantages and that the world is transformed into a place where there is free movement and is easy to operate.
Though infused with innumerable advantages, the negative side of globalization cannot be ignored. It has been claimed by many that globalization is making rich richer while the poor poorer. As per Conversi (2010) it has a strong impact on the people working at a high level and standards while there has been a negative showcase on the workers. Further, globalization was deemed to eliminate all the barriers in terms of trade. However, the reality is different because the developed countries operate on their own and have formed an arrangement with their own counterparts and are not concerned with the developing countries.
The process of globalization has provided a great stability to the skilled workers; however, the unskilled ones are neglected (Conversi, 2010). It is due to the fact that the entire working process has undergone a huge change and work is automated. Therefore, it direct affects the unskilled labors and a rise in unemployment. It needs to be noted that if there is no presence of infrastructure then the unemployed people will fail to get work ultimately leading to a rise in unemployment.
The impact of globalization brought a significant change in the airlines that caters to the government, as well as private airlines. The introduction of new airlines like Boeing 747 has changed the scenario of the airlines as more passengers can be carried with ease and flexibility. The government contribution has enhanced the development of the resort, as well as infrastructure leading to a string tourist attraction. The western countries such as Europe and North America are influenced in a positive manner. The International Air Transport has released its data where the travel has witnessed a strong growth of 6.6% in the year 2010 compared to the year 2000 (Manfred & Steger, 2011).
The Airline industry has got a strong growth by dint of globalization and is expected to increase further. The technological changes have infused new airlines into the industry thereby leading to a significant impact on the travelers. Further, mergers in the field of airlines have impacted the airline industry and the case of investment (Wolf, 2014). Both has enhanced the overall scenario and allowed the airline industry to scale new peaks. Hence, with the aid of the globalization, the results are noteworthy.
Globalization has infused pace in the economies of developed, as well as developing countries and led to an increment in the trade. From the discussion, it is clear that globalization has opened the gates of trade. The presence of technology and new and varied techniques has ensured the world to be a global village. Globalization has aided many countries to enhance their status and led to an immense level of growth. However, the same has disadvantages and needs to be looked into by the authorities so that the concept of globalization remains aloof from the clutches of the disadvantages. Overall, globalization has changed the entire scenario with the far fetching results.
Conversi, D 2010, ‘The Limits of Cultural Globalisation’, Journal of Critical Globalisation Studies vol. 3, pp. 36–59
James, P 2014, 'Faces of Globalization and the Borders of States: From Asylum Seekers to Citizens’, Citizenship Studies vol. 18, no. 2, pp. 208–23.
Lechner, F. J. & John B 2011, The Globalization Reader, New Jersey: Wiley-Blackwell Publishers.
Manfred B & Steger, P.J 2013, ‘Levels of Subjective Globalization: Ideologies, Imaginaries, Ontologies’, Perspectives on Global Development and Technology. Vol. 12, pp. 1-12
Steger, M 2009, Globalization: A Very Short Introduction, New York: Oxford University Press
Wolf, M 2014, ‘Shaping Globalization’, Finance & Development vol. 51, no. 3, pp. 22–25.361–386.
Sorrells, K 2013, Intercultural Communication: Globalization and Social Justice, Thousand Oaks, CA: SAGE, 2013.
Lechner, F.J. & John, B 2011, The Globalization Reader, New Jersey: Wiley-Blackwell Publishers.
Wolf, M 2014, ‘Shaping Globalization’, Finance & Development vol. 51, no. 3, pp. 22–25.