Tags: Daily Homework Is Necessary For Students EssayTelephone Conversation Wole Soyinka EssaysEssay About Someone Affecting Your LifeEssay In Science In Everyday LifePrintable Homework Assignment SheetsUnt Business Degree PlanDecimal Problem SolvingStatistics Project ReportHomework In ChinaProfessional Research Writing Services
Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. To begin with the negatives of globalization; first of all, expansion of media has resulted in generation gap as well as cultural shock.
Globalization is widely accepted and referred to as ‘the widening, deepening and speeding up of world-wide interconnectedness in all aspects of contemporary social life, from the cultural to the criminal, the financial to the spiritual’ (Lawal, 2006).
This widely accepted definition shows the way in which globalization today connects the cultures and communities in one corner of the world to development occurring in another country.
Taking the case of Ghana for example, ‘the end of the Second World War was significant for Ghana’s gaining independence and a turning point in the history of the Gold Coast’ (Ofosu 2010).
And just like Scholte argued that situations occurring in a country thousands of miles have a way of affecting the economic, social and political situations in one’s country, the rising up of capitalism in the United States and Socialism/Communism in the Soviet republics were to Ghana’s benefit as they assisted in the achievement of independence.
Globalization is truly a complex phenomenon ‘which encompasses a great variety of tendencies and trends in the economic, social and cultural spheres’ (Bertucci & Alberti 2001).
It is dynamic and unpredictable, although not entirely disordered.As a result, they lose their individuality and just end up being a copy of someone else.Next, due to advancements in modes of transportation, it has now become very easy to travel locally and overseas.Although it is believed in many quarters that the two major forces behind globalization are entrepreneurship and technological innovation, these two alone cannot give an explanation of the process of improved economic integration.Through the elaboration and adoption of market-oriented policies and regulations at both the international and local levels, the national governments have played a very vital role in allowing greater interdependence and economic integration of specific activities (Bertucci & Alberti 2001). Undoubtedly, globalization has provided a humungous amount of benefits to developed, developing as well as under-developed nations; however, there are some disadvantages as well.Teenagers and adolescents follow their favorite celebrities and imitate their lifestyle, the way of dressing and habits.To expand their business, Multinational Companies (MNCs) set up their offices in different countries, which increases the employment and development rate of the nations, in which MNCs set up their business.Secondly, globalization has transformed the entire world into a global village.‘Debates currently raging about globalization include whether it even exists, whether it is more important now than at some earlier date, whether it is displacing the nation state, and whether it is more important than regionalism or localism’ (Stallings 2000).It means different things to different people, but in most cases remain a loose and ill-defined concept.