Globalization Essay Example | Topics and Well Written Essays - 500 words - 25

Globalization - Essay Examplestations globalization includes increase in the rate of international trade, multi-national companies, high dependency on the global economy, submit movement of goods, services, and capital. Globalization also refers to the ease of movement across national borders, technology, investment, labor, and finance. The speedy rise of globalization has been due to the efforts by international bodies like the IMF and WTO that deal reduced trade barriers (Michie, 2011).Globalization manifests itself through technological advancement. In fact, it is through technology that the world can communicate and connect without boundaries. Information technology is the radical for the modern economic growth that also translates to increased globalization (Michie, 2011). Globalization, therefore, manifests itself in the manner in which investors, consumers, and businesses sue modest tools to identify and pursue their economic opportunities. opposite manifestations of globa lization include the extent in which companies analyze economic trends worldwide, easy assets transfer and strategic collaborations (Herzog, 2014). Nonetheless, the existence of transnational corporations shows how the world has become a hotshot and unique market. On the other hand, the improved supply chains is an indication that globalization is transforming the world. For instance, China manufactures goods which in turn get exported to Fiji for finishing and the products find their itinerary to Sydney for sale. The above is an example of global supply chain that is a manifestation of globalization.The primary advantage of globalization is that it has improved the way people receive and head information (Herzog, 2014). Communication has improved tremendously save to globalization that puts no boundaries for people to interact. Another advantage is that globalization has improved the worlds economy. The removal of trade barriers and ease of access to foreign markets is mainly b ecause of globalization (Herzog, 2014). Due to