Essay on “Globalization is the need of the Hour” Complete Essay for Class 10, Class 12 and Graduation and other classes.

Globalization is the need of the Hour

Globalization is a term, which has invoked extensive academic debate over its impact and credibility, giving rise to a number of perspectives harboured by their respective scholars. Globalization is a concept that encapsulates the growth of connections between people on a planetary scale. Globalization involves the reduction of barriers to trans-world contacts. Through it people become more able-physically, legally, culturally, and psychologically—to engage with each other in “one world”. Resulting from this division is a lack of universal acceptance towards a single definition beyond broad descriptions such as increased global interconnections.” Hence in order to gain an understanding of the phenomena it is necessary to distinguish between its two major forms, and the various agents involved.

With an increase in international communication comes an increase in cultural sharing. Cultures all over the planet reflect influences of neighbouring cultures and other international trading partners. As these and many other factors work towards creating a global village many people are baffled by the increase in nationalism. Technological advances have continually stretched the bounds of our communication abilities and by using improving cellular phone technology or the Internet any individual can interact with another individual from a completely different culture. Since it is so easy and affordable to engage in these cross-cultural experiences, more and more people have been doing so. Cross-cultural exchanges often rise from or result in common interests or concerns developing.

Global connections take many forms. For instance, jet aeroplanes transport passengers and cargo across any distance on the planet within a day. Telephone and computer networks effect near-instantaneous interpersonal communication between points all over the Earth. Electronic mass media broadcast messages to world audiences. Countless goods and services (such as Nissan global cars and Club Med holidays) are supplied to consumers in global markets. Moreover, some articles (including much clothing and electronics) are manufactured through trans-world processes, where different stages of production are located at widely dispersed locations on the Earth. The US dollar and the Euro are examples of currencies that have global circulation. In global finance, various types of savings and credits (for example, offshore bank deposits and Eurobonds) flow in the world as a single space. Many firms (for example, Exxon), voluntary associations (for instance, Amnesty International), and regulatory agencies (such as the World Trade Organization) operate across the globe. Climate change (so-called “global warming”) and stratospheric ozone depletion are instances of anthropogenic (that is, human-induced) ecological developments that unfold on a planetary scale. Finally, people experience global consciousness, inasmuch as we define the realm of our lives in trans-world, planetary terms.

In terms of territorial location, for example, global networks have involved the population of North America, Western Europe, and East Asia much more than other parts of the world. In terms of class, global finance has been a domain of the wealthy far more than the poor. In terms of gender, men have linked up to global computer networks much more than women. Needless to say, this unevenness of globalization has important implications for social power relations. People with connections to supratentorial spaces have access to important resources and influence that are denied to those who are left outside. In this regard, some commentators have deplored “global apartheid”, as manifested in the so-called “digital divide” and other inequalities. Others have objected to a “cultural imperialism” of Hollywood and McDonald’s in contemporary globalization. Since the mid 1990s such discontent have provoked a so-called “anti-globalization movement” marked by regular mass protests against global companies, the International Monetary Fund, and other prominent agents of trans-world relations. What, then, are the consequences of globalization? We have already noted the most direct impact, namely, that globalization changes the contours of social geography. However, since geography is intertwined with other dimensions of social relations, it is not surprising that globalization also has wider implications, inter-alia for economics, politics, and culture. The future extent of globalization is unclear. In one scenario the 21st century will experience a continuation if not a further acceleration of recent high rates of globalization. In an alternative account, globalization will slow down and stop once it reaches a certain plateau. In another forecast for example, if globalization is a cyclical trend or succumbs to traditionalist opposition the future will bring a process of de-globalization that reduces trans-world connections. At present the forces behind globalization (as identified above) would seem to be very strong. Current trends in technological innovations and regulatory developments heavily favour a further expansion of trans-world connectivity.