They packaged these performances and sold them as a commodity within the American borders. 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. Many translated example sentences containing "example of globalization" – Spanish-English dictionary and search engine for Spanish translations. 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. We will divide our story in three main parts. Start studying Examples of globalization. Christmas is seen as more of a Western custom that has been introduced to Korea due to globalization. Globalization sentence examples. Con 1: Workers in developed countries may lose out to workers in countries with cheaper labor. Globalization Example #1. 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. globalization. It has existed with us as long as the existence of the world. Globalization is the process whereby systems expand from being regional or national to encompass the entire planet. Many translated example sentences containing "example of globalization" – Japanese-English dictionary and search engine for Japanese translations. Global versus local approach is discussed over the years. 1107 Words 5 Pages. The concept of globalization has had some sour spots for businesses as well. 14 Examples of Globalization posted by John Spacey, August 08, 2018. Thus, negative consequences of the globalization in China influenced mostly domestic enterprises and employees. Are Globalization and diversity antinomical? It has more to do with poor governance and economic policies and ineffective reforms. All dominated MNCs in the world are located in the United States. 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. Globalization can increase inequality throughout the world by increasing specialization and trade. Examples of globalization in a sentence, how to use it. 67. The past present and probably the future view globalization as the growth in the sizes of […] Globalization is the process of restructuring the previous nation-based trade system to a fully internationalized, borderless trading methodology. Due to globalization, business Institutions acquire new field for business. Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. Political cooperation between different countries is a form of globalization that is used to prevent and manage conflict. Moral Hazard : Economic Problems : top » economics » international economics » globalization . Examples include the European Union, the United Nations, the World Bank, the World Trade Organization (WTO), and the International Monetary Fund (IMF). 1. Globalization and Culture: Globalization and local culture, p.180). Examples of globalization include: Intergovernmental organizations. 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. However, to get a more organized idea, we will talk about examples according to their categories: Economic globalization. Employing a market strategy to establish their brands as an essential part of the way people see themselves they have captured a large global market, particularly the younger generation. The following are common examples of 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 43. Although specialization and trade boost the per-capita income it may cause relative poverty. One relevant example of globalization is the existence of multinational corporations. Intergovernmental treaties. Globalization examples include political, economic, social and culture and technological interdependencies, in addition to informational and ecological. Among the causes of his birth is: … For example, during the Gulf War, Kuwait Bank had transferred its business to Bahrain and sent information through fax for continuing business. Globalization allows us to pool all our resources together. In second part we’ll have list in points of all the pros. Thus, they often violate laws. The term multinational corporation simply refers to a business that conducts operations in more than one country. Globalization Examples . Learn vocabulary, terms, and more with flashcards, games, and other study tools. Globalization itself cannot be held responsible for the poverty in the developing world. Trade The exchange of goods and services between nations. The effects vary from social, political, and economic, all aspects of everyday life. It is a process of interaction and integration among all people from all background and has been driven by information and technology. A sample of an Essay on Globalization. 49. This is a precarious situation for a nation. One of the best examples of globalization within our lifetime is the construction of the International Space Station. 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. As a result, the rate of growth of the under-developed entity is faster than the rate of growth of the developed entity. 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. There should be global prospective seen by the companies in local terms to grow and become successful. McDonald. In Economics, the “forces of convergence” (also known as Catch up effect) work when two unequal entities interact. Globalization has had an effect on just about every state in the world. The most significant impact of the growth of the global auto industry was the influence of globalization after the 1980s. Many … As examples, see the rise of mobile banking in Kenya or the practice of microlending. 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