Globalization is a force for good. Discuss Free Essay Example, 1250 words

LOBALIZATION IS A FORCE FOR GOOD By of the of the School Introduction Metz (2013) defines globalization as â€Å"the process of international integrations that arises from the interchange of products, world views, ideas as well as other aspects of culture†. Major factors in globalization that further interdependence of cultural and economic activities include advances in transportations as well as telecommunications infrastructures (news. bbc. co. uk). Globalization entails the opening of national as well as nationalistic perspectives to a more extensive outlook of an interdependent and interconnected world with free flow and transfer of goods, services, and capital across national frontiers (Metz, 2013: 2). In 2000, the International Monetary Fund (IMF) pinpointed four fundamental aspects of globalization: capital and investment movements; trade and transactions; the dissemination of knowledge: and migration and movement of people (AACSB International, 2011: 103). Globalization, therefore, has been and still is a controversial subject. This is so because it has both positive and negative effects. Its opponents argue that it has touched each and every nation because it increases wealth, consumer choice as well as promoting democracy. We will write a custom essay sample on Globalization is a force for good. Discuss or any topic specifically for you Only $17.96 $11.86/pageorder now It has made the world a global village (smaller place), with increased communications, trade and workforce mobility (Ritzer, 2010: 125). This paper aims at discussing why globalization is a tremendously force for good, and it should not be defended but promoted at all cost. Why globalization is a force for good Several reasons can be advanced that indicate that globalization is a force for good. Firstly, globalization connects people by the means of free flow of ideas and communications (AACSB International, 2011). This enables people to improve their lives because it offers new opportunities for work, travel, and education. It is a major force for good because its main quality is the free flow of capitals, particularly towards the less resistance (Mishkin, 2006). Close connection of people ensures faster rate of development of the world because it plummets the cost of generating and implementing new innovations and ideas (news. bbc. co. uk). This results into many ideas generated in the first instance particularly due to the democratization of information. According to AACSB International (2011), globalization has changed a lot with technology. Children are now learning differently as well as much faster with technology. People can communicate better with emails, calling and texting instead of writing letters.