One of the best examples of globalization within our lifetime is the construction of the International Space Station. Here are common examples of the companies listed, which have implemented local concepts into their businesses to get local recognition in global … We also have other things: computers, smartphones, TVs, cars. Globalization can increase inequality throughout the world by increasing specialization and trade. Globalization allows us to pool all our resources together. Although specialization and trade boost the per-capita income it may cause relative poverty. Many translated example sentences containing "example of globalization" – Spanish-English dictionary and search engine for Spanish translations. While economists don’t agree on the impact of globalization on inequality, it’s impossible to find examples of developing countries that were able to grow over a long period of time without opening up to trade. However, to get a more organized idea, we will talk about examples according to their categories: Economic globalization. Political cooperation between different countries is a form of globalization that is used to prevent and manage conflict. The most significant impact of the growth of the global auto industry was the influence of globalization after the 1980s. Civil society groups can look to other countries for inspiration and good ideas can spread more easily. Examples of globalization are many, especially those spread across the tourism, technology, commerce and education sectors. Globalization and Culture: Globalization and local culture, p.180). About Political Globalization. Globalization Example #1. The term multinational corporation simply refers to a business that conducts operations in more than one country. Example of Globalization. Example Of Cultural Globalization; Example Of Cultural Globalization. By definition, globalization is “the process of increasing interconnectedness among societies such that events in one part of the world more and more have effects on peoples and societies Economic globalization is the process of growing economic interdependence of countries around the world. Examples Of Globalization And Diversity Antinomical 1114 Words | 5 Pages. Examples of globalization in a sentence, how to use it. Learn more. Globalization Globalization is one of the broadest concepts with a high degree in diversity and different dimension. The theory of globalization is that it promotes trade, economic growth, and jobs synergistically. For example, the United States developed the ‘Hollywood’ trademark for outstanding movies and other artistic displays that best defined what the culture is like in that part of the world(The Levin Institute, n.d. Globalization is the process of restructuring the previous nation-based trade system to a fully internationalized, borderless trading methodology. Related: 22 Advantages and Disadvantages of … globalization definition: 1. the increase of trade around the world, especially by large companies producing and trading…. The concept of globalization has had some sour spots for businesses as well. This is a precarious situation for a nation. Globalization has accelerated since the 18th century due to advances in transportation and communication technology. May 5, 2016 Shirley King. globalization. For example, it was exposed that 11 factories that made Apple products employed children in 2013 (Garside). Economic globalization has both advantages and disadvantages. 14 Examples of Globalization posted by John Spacey, August 08, 2018. They packaged these performances and sold them as a commodity within the American borders. As a result, the rate of growth of the under-developed entity is faster than the rate of growth of the developed entity. Globalization has made it possible for international organizations to be created through treaties between many different countries. Globalization is being manifested in what could be the largest instrument to promote a globally competitive society – the fast food business. Global versus local approach is discussed over the years. The effects vary from social, political, and economic, all aspects of everyday life. Christmas is seen as more of a Western custom that has been introduced to Korea due to globalization. Globalization definition is - the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. One relevant example of globalization is the existence of multinational corporations. There should be global prospective seen by the companies in local terms to grow and become successful. Examples of globalization include: Intergovernmental organizations. Compared to the Mir station at $4.2 billion, the price tag is astronomical. McDonalds, for instance, is a multinational fast-food corporation with 37,855 restaurants spread over 120 countries and territories as of 2018. For example, many companies adopted extended working days, law salaries or even child labor. The most common example of globalization is Nutela, which gets its ingredients from several different countries, combined into one delicious products Examples of globalization products. One modern example of this type of trade is the toy industry, wherein many American-sold toys have the phrase “Made in China” embossed on their surface. A sample of an Essay on Globalization. Globalization sentence examples. Trade The exchange of goods and services between nations. Globalization itself cannot be held responsible for the poverty in the developing world. Financial globalization Interconnection of the world’s financial systems e.g. 1107 Words 5 Pages. Most of students wants to know about globalization, this essay and examples will complete you concept about the pros and cons of globalization. It is a process of interaction and integration among all people from all background and has been driven by information and technology. Intergovernmental treaties. Cultural globalization: The intermingling of cultures worldwide, forming a supra culture, is also an example in the context of the definition of globalization pros and cons of globalization. Start studying Examples of globalization. Examples of globalization. Cultural globalization refers to the transmission of ideas, meanings, and values around the world in such a way as to extend and intensify social relations. McDonald. For example, during the Gulf War, Kuwait Bank had transferred its business to Bahrain and sent information through fax for continuing business. Among the causes of his birth is: … stock markets More of a connection between large cities than of nations Example: What happens in Asian markets affects the North American markets. The past present and probably the future view globalization as the growth in the sizes of […] All dominated MNCs in the world are located in the United States. Learn vocabulary, terms, and more with flashcards, games, and other study tools. In Economics, the “forces of convergence” (also known as Catch up effect) work when two unequal entities interact. Globalization examples include political, economic, social and culture and technological interdependencies, in addition to informational and ecological. In second part we’ll have list in points of all the pros. Since the beginning of globalization, wherever we travel in the world we have a great chance to find the products that we like to use or eat back home. Globalization has had an effect on just about every state in the world. Many of these fast food chains originated from the U.S. and have spread globally, “catering” to the needs of the people all over the world. 98 examples: Among globalization's many aspects and dimensions, there is also and… 10 Types of Globalization posted by John Spacey, March 01, 2017. Globalization is a process of integration and exchange that results in closer interdependencies between nations. Social media connectivity platforms such as Facebook, Twitter, LinkedIn, and Instagram are good examples of globalization. Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. 67. A globalization essay example will highlight the fact that when foreigners are prioritized in the job industry over the citizens, a financial crisis is always looming. The following are common examples of globalization. 1. It has given some business an edge over others in due course. We will divide our story in three main parts. Are Globalization and diversity antinomical? In first part we will read What is Globalization? Globalization may seem to be a new thing in this century, but the truth is, it is not an entirely new process. Due to globalization, business Institutions acquire new field for business. Globalization has resulted in increased connectivity among people across borders thereby encouraging the exchange of ideas by means of communication. The cost to construct the ISS was $150 billion. As examples, see the rise of mobile banking in Kenya or the practice of microlending. 112. To illustrate this we will take an example. Thus, they often violate laws. 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