Globalization is a term which invented the societies in the twenty-first century although there has not been the right definition to it there is still some phrase that is more accurate to launch its definition. In sociology, globalization is defined as the connection and the dependence of the world’s markets and businesses to one another which has been brought about by the technological advancement in the current century which renders it easy for business people to travel, communicate freely in different destinations and trade well internationally (Ronald, 2003).
In the world, economic globalization has become the most adaptable feature in economics giving birth to anti-globalization and pro-globalization which have enabled everyone to compete effectively in the economical world and manage their businesses in the competitive world of business (Saskia, 2007).
Globalization has been argued by some people as bifacial property in the universal economic development, but some people are not for the idea but concentrate on its different social group’s effects as they at the same time form new universal and global solidarities to counter-attack the growth globalization due to the polarization of societies which seem to crop from the evidence that their union venture in individual countries and different countries and have claimed that globalization affects every business country. The attitude with which someone deposits upon globalization is directly dependent on the process relations (Griffiths, 2006).
Globalization has provided very vital employments in the world’s economy which involves routine production, personal services, and symbolic and analytic works which are labor-intensive and absorb many unemployed civilians. The global economy has helped specialists in various fields to operate smoothly and effectively as it helps in solving, identifying, and strategic brokering of problems. Globalization has helped people to leave in one place but work in different areas due to their experience in different life chances and values with the adoption of different life perceptions in the world (Saskia, 2007).
Distribution of wealth and wages in firms has revealed that the nations can not depend on them to satisfy their monetary demands as the use of technology in production has led to offshore location which has led to downpour in middle-level jobs and removing the well-paying jobs with the growth of insecure and low paying jobs.
The frustrated population in the world has been uplifted by the current labor trends which have left the employment sector symbolically automated and in better and workable spirits by providing a wealth polarization (Griffiths, 2006).
Due to the revolutions in the markets and transport tariff cuts the producers and manufacturers are more dynamic as there are no regulatory obstacles which are in place of location and establishment of firms as the choice for the location of business premises is now negotiable, this has enabled the capital from different governments to compete effectively in the promotion of transnational to relocate themselves within their boundaries as companies are mostly attracted to areas with low costs as the profits are of higher margins and the labor is plenty and its cheap and the governments are forced to offer favorable and workable conditions and other environments which affect the general well being of its citizens (Ronald, 2003).
The investors and business people in the global economic marketed can continuously conduct and engage in social-political economic policies and developments in the world’s states and nations where the global capital market can determine and evaluate the performance of different governments and decide the effective course of action to the non-performing business economies (Griffiths, 2006).
The equilibrium in the power of globally mobile corporations and the state-based corporations which has resulted in a deficit in democracy has led the governments to wake and shun the pressures of the global market pressures by attracting more foreign capital which hiders the governments from the opportunities available in its domestic sources of capital.
The transitional way we communicate has been a result of the globalization as it has created an innovated technical practice in economic cultures political freedom which has granted humanity a renewed generation in the world of communication and transmission of data. There has been a strong protectionism to the business from malpractices and general protection of human rights, the initiative has also helped third world countries economies to thrive due to the assistance they are able to get from world monetary lending bodies (IMF and World Bank) without bureaucracy thus encoring the growth of the economy in such countries (Ronald, 2003).
The rise of globalization has also risen up with some forces which are both cultural and informational which have led to potential impacts to individuals in intercultural contexts of communication. However it has shaped the cultures, economies and political phenomenon in specific areas. Globalization has led people to understand different political and economical issues in different parts of the world and educated on how to deal with the certain events in a particular zone due to the interactions involved in it (Griffiths, 2006).
The current development in economic reforms and industrial upgrading can only be attributed to globalization which has contributed to the new social context and emergence of information communities and a spirit and transforming the world to a global village where everyone is able to interact freely in every part of the globe. The rise of internet has now allowed individuals to transform their life style and now have started to do their business online as the trade is open and accessible to everyone without major restrictions.
There has been an increase in the international harmony through the democratization which has occurred due to the advancement in information and technology and enables quick publication of events. Globalization has increasingly increased the gap between the poor and rich countries as the industrialized nations are benefiting greatly from the globalization of markets and the increased need in information science in the worlds economy (Saskia, 2007).
Work Cited
Anthony Giddens, Simon Griffiths, (2006) Sociology, 5th Edition Polity Publishers.
Saskia Sassen, (2007) A Sociology of Globalization, W.W. Norton Publishers.
Ronald robertson, Kathleen E. White, (2003) Globalization: critical concepts in sociology. Taylor and Francis Publishers.