Globalization - The World is Under One Roof
Some years ago, it was difficult to imagine seeing a Domino's Pizza outlet in a quiet neighbourhood in Thailand or shopping at Marks and Spencer in Singapore or using your credit card in any part of the world.
Welcome to the golden era of our times.
An era where the entire world is under one roof.
This movement called Globalization started in the second half of the 20th century when governments felt the need to open their boundaries to other countries for trade, investment and migration.
Globalization helped them see unprecedented growth in their economies, the kind they had not seen in centuries.
Also the widespread increase in the usage of internet and IT enabled services furthered the development of their economies.
As a result, people had access to products from various countries at their doorstep.
Whether it's German Cars, Egyptian cotton, American soaps and music, Belgian chocolate or Columbian coffee; people were able have a taste of products and services from across the world.
Economies in developing countries benefitted from Foreign Direct Investment (FDI) i.
e.
investments from other countries in the assets of their country.
Open economies have allowed people to travel freely and to work in other countries.
Globalization has benefitted countries all over the world in more ways than one.
Apart from the direct political and economic implications, it has enabled the world come culturally together.
English for example, has become a universal language of sorts.
Fashion, trends and news ideas through travel, trade and media move across the world.
Sharing of best practices in industries, access to better talent and technology has all been possible because of Globalization.
Global brands such as Reebok, Pepsi, Panasonic, Sony etc cater to consumers all over the world.
An individual in India wears the same brands as an individual in Mexico.
Technologically too countries have benefitted greatly from Globalization.
News and media have evolved and communication systems have improved.
Internet revolution has provided a common platform and enabled people across the world to communicate with each other easily.
Everything that one can think of and things that one cannot even imagine are available on the web.
Transportation systems have become robust and costs have come down as result of technological advances that make foreign markets more accessible to trade.
Tuna caught in the North Atlantic may be served the next day at a Sushi restaurant in Sri Lanka.
Though Globalization has its own critics, it is an irreversible process.
With economies in various countries working together and one depending on the other for growth, the world will continue to remain a global village.
This is clearly evident from the economic meltdown in the past couple of years.
Global Governance to maintain social, economic, cultural, environmental and political standards on the planet is already a reality.
Welcome to the golden era of our times.
An era where the entire world is under one roof.
This movement called Globalization started in the second half of the 20th century when governments felt the need to open their boundaries to other countries for trade, investment and migration.
Globalization helped them see unprecedented growth in their economies, the kind they had not seen in centuries.
Also the widespread increase in the usage of internet and IT enabled services furthered the development of their economies.
As a result, people had access to products from various countries at their doorstep.
Whether it's German Cars, Egyptian cotton, American soaps and music, Belgian chocolate or Columbian coffee; people were able have a taste of products and services from across the world.
Economies in developing countries benefitted from Foreign Direct Investment (FDI) i.
e.
investments from other countries in the assets of their country.
Open economies have allowed people to travel freely and to work in other countries.
Globalization has benefitted countries all over the world in more ways than one.
Apart from the direct political and economic implications, it has enabled the world come culturally together.
English for example, has become a universal language of sorts.
Fashion, trends and news ideas through travel, trade and media move across the world.
Sharing of best practices in industries, access to better talent and technology has all been possible because of Globalization.
Global brands such as Reebok, Pepsi, Panasonic, Sony etc cater to consumers all over the world.
An individual in India wears the same brands as an individual in Mexico.
Technologically too countries have benefitted greatly from Globalization.
News and media have evolved and communication systems have improved.
Internet revolution has provided a common platform and enabled people across the world to communicate with each other easily.
Everything that one can think of and things that one cannot even imagine are available on the web.
Transportation systems have become robust and costs have come down as result of technological advances that make foreign markets more accessible to trade.
Tuna caught in the North Atlantic may be served the next day at a Sushi restaurant in Sri Lanka.
Though Globalization has its own critics, it is an irreversible process.
With economies in various countries working together and one depending on the other for growth, the world will continue to remain a global village.
This is clearly evident from the economic meltdown in the past couple of years.
Global Governance to maintain social, economic, cultural, environmental and political standards on the planet is already a reality.
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