Tuesday, June 23, 2009

Some more views on globalization

Whenever I look for the definition of Globalization I always find many different views. They use the positive and negative impact of globalization to bring out the meaning of the word globalization. One may say globalization can be the reduction and removal of barriers between nations. Globalization is existing and will continue to exist. It is believed that after world war II, globalization has been promoted to reduce the possibility of a war again. Globalization has brought in many wonders of comfort, opportunities, and knowledge. The fast economic growth in many nations using technology has been possible due to understanding globalization. In the midwestern US, globalization has eaten away at its competitive edge, lowering the quality of life in locations that have not adapted to the change. Globalization can help overcome recession if people are willing to look for change. Globalization need not be considered as “one man's loss is another man's gain.”