The global century

550 Words2 Pages
bulb-icon

Recommended: Globalization and its benefits

The majority of all utilities that we use today are even from the United States, but instead were probably assembled in places other than the United States. Globalization doesn’t just help manufacturers in China and Singapore, but it greatly benefits the average American. In America, globalization really means better business with lower overhead and the American population is lavished with a large variety of products available to them but at lower, more competitive pricing as a result of a strong, flexible economy. Globalization has positive and negative aspects, but overall I believe that globalization can the average American far more than it would hurt him or her if we learn to embrace the effects it brings to our nation.
The past seventy years have seen a steady increase of globalization in our lives. For businesses, it means more added benefits to buying manufacturing materials at lower costs to assemble a product instead of having to use just the locally available products. Product materials can now be found at lower prices than they once were before, in large part because of the increased competition from both the local and corporate businesses vying to attract the most business customers. This often results in the decrease of price points that the business can offer the consumer, therefore making the product more attractive to a larger audience. As a result, businesses can sell their goods more easily than before. The larger marketplace that is used to buy and sell goods around the world allows one to grow his or her brand in a market not limited to ten miles (Maceus). Americans in particular, also have a brand value advantage over other international businesses because American brands often travel and infiltrate markets b...

... middle of paper ...

...10. Web.
Maceus, Nick. "Globalization and the Untied States." Hubpages. Hubpages, 19 Aug. 2008. Web.
"Most Popular Meals." KFC-History. KFC, n.d. Web. 02 Mar. 2014.
Mourdoukoutas, Panos. "The Good, The Bad, And The Ugly Side Of Globalization." Forbes. Forbes Magazine, 10 Sept. 2011. Web. 17 Feb. 2014.
Pinkney, Mark. "The Impact of Globalization on Our Daily Lives." Examiner.com. Examiner, 26 Aug. 2009. Web. 02 Mar. 2014.
Pirie, Dr. Madsen. "Ten Very Good Things 9: Globalization." Web log post. Adam Smith Institute. Adam Smith Institute, n.d. Web. 18 Feb. 2014.
Rao, Andy. "4 Positive Impacts of Globalization on World Economy." The Collegian. The Collegian, n.d. Web. 18 Feb. 2014.
Smith, Graham. "If You Start Making Nukes, We'll Build More of These! KFC Opens First Iranian Branch in 30 Years." Mail Online. Associated Newspapers, 27 Feb. 2012. Web. 03 Mar. 2014.

Show More
Related

  • The Case for Contamination by Kwame Anthony Appiah

    1113 Words  | 3 Pages

    Fan, G., and X. Zhang. "How Can Developing Countries Benefit from Globalization: The Case of China." Eldis. N.p., n.d. Web. 20 Apr. 2014.

    Read More

  • Does Globalization Contibute To Sustainable Prosperity For All People?

    1069 Words  | 3 Pages

    Gardner, Robert, and Wayne Lavold. "Chapter 9-12." Exploring Globalization. Toronto: McGraw-Hill Ryerson, 2007. N. pag. Print.

    Read More

  • McDonald's in Hong Kong, by James Watson

    1552 Words  | 4 Pages

    The Globalization Reader. 2011. Fourth Edition. Frank J. Lechner and John Boli, eds. Malden MA: Blackwell Publishing.

    Read More

  • The Effects of Globalization on US Society and Economy

    1360 Words  | 3 Pages

    The world we live in today is going through enormous changes in economics, technology, culture, politics, etc. The effects of the changes are not so clear, since it is hard to predict how each sector would affect the other and how society will be affected. However, analyzing past and present occurrences provides some information for experts to interpret society’s reaction in the future to different transformations. Globalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world.

    Read More

  • The Impact of Multinational Corporations (MNCs) on Developing Countries

    1004 Words  | 3 Pages

    Stiglitz, Joseph E. Making Globalization Work. New York: Norton & Company, Inc., 2007. Kindle ebook file.

    Read More

  • The Pros and Cons of Globalization

    2091 Words  | 5 Pages

    (Bilton et al 1996:5) The process of globalization has certainly had many changing effects to the world we live in; it has also changed the way many factors operate. Globalization is said "to have transformed the structure and scale of human relationships that social, cultural, political, and economic processes now operate at a global scale with a consequent reduction in the significance of other geographical scales. "(The Dictionary of human geography 2004:315) Globalization has had both positive and negative effects on a local, national, international and global level. Globalization often brings benefits at one level which cause negative effects at another, these results and the scale at which they manifest are often uncertain and unpredictable.

    Read More

  • Globalization and Diversity in the Workplace

    667 Words  | 2 Pages

    With the advent of the Internet, decreased shipping costs, and the removal of trade barriers, the world market has shrunk in such a way that everyone can be a player. While many businesses thrive solely on serving a small local area, a globalized company has the benefits of increased customer markets, gross production, and brand awareness. Take for example Coca-Cola; this multi-national corporation offers products in countries all over the world, operates in over 200 of those countries with the help of its franchisees, and is the most well-known beverage companies. It is interesting to note however, that as positive as globalization may seem, there are many negative ramifications and a large population of detractors to this movement. While increased product availability is good for profits, if a local market is inundated with imported products, locally grown or manufactured items may be squeezed out, to the detriment of the local economy. Although it is cost effective to have your product produced in another country with low wages, you are essentially taking away jobs from the people of your own country, negatively impacting your national economy. However, if you manufacture your products in a country with higher wages, you must increase your products’ prices which may be harmful to your profits. While maximizing your companies profits is always of great importance, it is essential that you weigh the pros and cons of globalization and its effects on not only your company, but the areas in which you wish to spread.

    Read More

  • Globalization and Human Resource Management

    1375 Words  | 3 Pages

    Globalization can not only affect a company opening an office in another country but it can affect a small local business as well. As the internet brings the world closer together it becomes far more likely that a business that opened with no intention of selling internationally will have customers form different parts of the world asking for their product. For instance a steel company located in Pennsylvania may suddenly find orders coming in from South American factories. How the steel plant chooses to handle this new international customer could mean ...

    Read More

  • Globalization: The Path to Destruction

    1766 Words  | 4 Pages

    Now, before I bash globalization it is some positive I would like to discuss. Globalization is great for the American economy; we can supply the world with our goods and services, which in turn can possible, relieve the deficit we’re in. “Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services.” (Buzzle) Also, globalization leads to better relations between countries when they create trade agreements. Globalization does not drain every under-developed company but brings a new era of economic change and the hope of being a world super power to certain nations. “Economic globalization gives governments of developing nation’s access to foreign lending. These funds are used on infrastructure including roads, health car...

    Read More

  • The Pros and Cons of Globalization

    965 Words  | 2 Pages

    Globalization has a tremendous amount of support as well as a tremendous amount of opposition. While multinational companies tend to push for globalization and therefore higher profit margins, opponents work hard to make sure that developing nations are not taken advantage of in the process. Globalization cannot continue without supporters and it should not continue with out detractors. As always a balance must be found to protect not only the nations that are developing but those that are already developed as well. Proponents and opponents must work together to ensure the well being of generations to come that will surely inherit the earth.

    Read More

  • The Positive Effects of Globalization on My Life

    1774 Words  | 4 Pages

    Globalization plays a massive part in my life as it does in everyone’s lives. Every day the world is getting smaller, between technological improvements and peoples interest in these technologies it is easy to see why this is happening. In this essay I have only shortly touch upon some of the places where globalization has affected my everyday life. From shopping as Asda to meeting people on the other side of the world to discuss my dissertation ideas globalization has had a positive affect on my life. The fact that I can walk down a street in Coleraine or Sydney and see similar shops and food outlets is a positive thing in how our lives are intertwined through out the world.

    Read More

  • The Disadvantages of Globalization

    1583 Words  | 4 Pages

    Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.

    Read More

  • Globalization Essay

    941 Words  | 2 Pages

    Finally, everything in the world has a positive side and a negative side and globalization is one of them. It is up to us the people of the world to maximize the positive aspect of globalization and minimize its negative aspect.

    Read More

  • Impact of Globalization on People

    1497 Words  | 3 Pages

    Larsson, Thomas. The Race to the Top: The Real Story of Globalization. Cato Institute, 2001.

    Read More

  • Globalization Reflection Essay

    1065 Words  | 3 Pages

    Globalization is a global process that is changing the world. I would also like to discuss what are the benefits and drawbacks of globalization in the world from different perspectives.

    Read More

More about The global century

Open Document