Outcomes of globalisation. Does globalisation lead to good health outcomes? 2022-10-27
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Globalization is the process of increasing interconnectedness and interdependence among countries through the exchange of goods, services, and ideas. It is driven by advances in technology, transportation, and communication, as well as by policies that promote free trade and investment. Over the past several decades, globalization has had a significant impact on the global economy and on the lives of people around the world.
One of the major outcomes of globalization has been the rapid growth of international trade and investment. As countries have opened their borders to foreign goods and services, they have gained access to a wider range of products and technologies. This has led to increased competition, which has driven down prices and made many goods and services more affordable for consumers. At the same time, globalization has created new opportunities for businesses, as they have been able to tap into new markets and access a larger pool of customers.
Another outcome of globalization has been the movement of people, goods, and capital across national borders. This has led to the increased mobility of labor, with people moving to different countries in search of better economic opportunities. It has also led to the creation of global supply chains, in which goods are produced in different countries and then assembled and sold in other countries. This has made it possible for businesses to take advantage of lower labor costs in developing countries, while still being able to sell their products in developed countries.
However, globalization has also had negative impacts on some people and communities. For example, it has contributed to the outsourcing of jobs from developed countries to developing countries, where labor is often cheaper. This has led to job losses and wage stagnation in some developed countries, as well as to increased income inequality. Globalization has also led to the increased exploitation of natural resources and the displacement of indigenous communities in some parts of the world.
In conclusion, globalization has had both positive and negative outcomes. It has led to increased economic growth and greater access to goods and services, but it has also contributed to income inequality and the exploitation of natural resources. It is important that policy makers take these impacts into account as they shape the future direction of globalization.
Positive And Negative Outcomes Of Globalisation
Check out our explanation on Globalisation to learn more about this process. Among established INGOs and NGOs are IMF, World Bank, WTO, UN, and NATO. This has been happening for thousands of years. For example, during the Bahrainand sent information through fax for continuing business. Availability of Employment Most developed countries have lots of educated jobless people. Let me be very clear at the start. Raised Social Status Globalization has increased the living standard of people.
Looking after our planet starts today and I aspire to spread the message globally in a joint effort to make the change, we so desperately need. The deforestation and pollution caused by globalisation can cause higher instances of greenhouse gases in the air. The increasing availability of fast food chains in LICs and MICs could be responsible for this trend because in countries such as Ghana, a westernised diet has only recently been introduced, before this, traditional, native and healthier foods were all that was available. The people who are left behind are often made to feel like they are less important than the new arrivals. Studies in comparative international development, 35 4 , 3-29.
It will ensure incessant supply of goods and services. It could be argued that there are equal numbers of positive and negative health outcomes created by globalisation. In times gone past, you would have had to put in an order at your neighbourhood bookstore and wait for it to come in. Usually people on the right will say that globalization is a good thing, giving you this; Claims increase in diversity and creativity, trade becomes easier and cheaper, goods become more accessible and cheaper, and that everyone will be materially richer. The modern political approach pertains to the coordination and cooperation between different governments.
Cost savings By outsourcing certain functions, such as payroll and HR, to countries where this can be provided at a lower cost, an international enterprise can increase its overall profitability. Globalization leads to contraction or shortening of the world market. Globalization implies the speedup of developments and trades of people, merchandise, administrations, capital, advances, or social practices all around the planet. Another group where there's an impact of globalisation are communities. In addition, there is an increasing gap between the rich and poor and big companies take over smaller businesses.
What Are The Negative Effects Of Globalization? Find Out Here
The polluting gases released by agriculture and factories can also cause chest irritations and contribute to conditions such as asthma. Globalisation is one major factor in the process. This came about due to agriculture and industrial revolution in the ancient times. Today, we have products from all over the world in our homes and workplaces. Tax competition and tax avoidance Multinational companies like Amazon and Google, can set up offices in countries like Bermuda and Luxembourg with very low rates of corporation tax and then funnel their profits through these subsidiaries.
In fact, the loss of unique cultures is one of the major downsides of globalization. The Benefits of Globalization Globalization has benefits that cover a wide range of districts. Advantages on the environment include; the efficient allocation of resources in order to prevent the wastage of valuable resources, improved technologies and cooperation, which lead to better relationships between countries, global consciousness, thus people being made aware of global and environmental issues and how to prevent them, and diffusion of good values of environment conservation. Therefore, some countries find it difficult to hold onto their best-skilled workers, who are attracted by higher wages elsewhere. Anthropologists and social scientists will explain a lot of inequalities — the rich on a global scale have got richer and the poor, well guess what? Effects of globalisation on society While there have been many societal benefits of globalisation, there have also been negative impacts. It was a contribution that helped in the development of the economy of a nation. This highlights how even in countries such as Ghana where millions live in extreme poverty, there is rising demand for junk food because of globalisation.
Globalisation has caused competition among high-quality goods. The decline of traditional industries in HICs is known as deindustrialisation. They are supposed to promote the economic growth of the country from where they buy their raw materials as they invest their money overseas by building industries to produce cheap goods. The lack of disease screening combined with widespread travel of people rapidly amplifies disease spread. These progressions improve the probability that weak individuals will be taken advantage of. The Rana Plaza was an eight-storey garment factory in Bangladesh which collapsed due to lack of maintenance. In the rest of this explanation, we examine some of both the positive and negative impacts of globalisation.
It also brings about good diplomatic relations amid countries. According to Molle 2003, p. Advanced Technology Advanced technologies are a result of globalization. This paper also gives an opinion on disadvantages, for instance, employment shifts or wage gaps. The benefits of globalization are apparent to organizations and nations such as reduction in poverty and benefits to consumers.
Its effects can be felt throughout the world in industrialized and developing nations alike. Additionally, it relates to the monetary exchanges which happen between countries. . The World Bank has also stated that globally, greenhouse gas emissions increased by 57. It also leads to cases of monopolization by the world economies.