Policy Presentation

Running Head: GLOBALIZATION: CAUSES AND CONSEQUENCES 1

GLOBALIZATION: CAUSES AND CONSEQUENCES 2

Globalization: Causes and Consequences

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Overall, globalization refers to the interdependence of the world’s populations, cultures, and economies fuelled by cross-border business in commodities, information, people, and technology (Price & Chambers, 2016). According to the World Affairs Council (2006), the significant economic causes of globalization include improved transport, improved technology, and growth in multinational enterprises. Typically, enhanced transport tends to make global transportation easier, thus promoting the movement and interaction of nations across the globe. Improved technology also makes communication and sharing of information easier across the world. The rise of multinational firms like Microsoft Corporation and their presence in many economies have resulted in globalization. Besides, globalization has resulted in numerous consequences, both positive and negative.

One of the positive impacts of globalization is that it has resulted in the widespread use of technology, especially to developing nations. Price and Chambers (2016) stated that due to globalization, developing countries could use modern technology that helps them in communication and sharing of information. These nations can also buy and sell products online at a reduced price. They are also able to work remotely as well as interact through social media and other online platforms. As an employee, Price and Chambers’ findings are similar to my experiences. I have witnessed this impact while working with my son’s company. Today, my son can interact with customers from Asia and Africa via the internet without much effort. However, despite this advancement, globalization has increased competition, something that has been detrimental to his business.. Many firms can now access consumers using various technology devices and the internet, and this has increased the level of market rivalry.

Another consequence of globalization that I have experienced entailed the improvement of education. Because of advanced technology, individuals can enroll in online courses from any part of the world. According to Assare et al. (2016), globalization has facilitated the sharing of technology, which has enhanced online learning and training. I am a beneficiary of online education because I completed my bachelor’s degree program and working on my master’s degree an online basis. As such, these author’s findings are similar to my experience.

References

Assare, A. R., Mohammadi, M., Foroutan, M., & Salehizadeh, M. (2016). The Impact of Globalization on Education. Journal of Administrative Management, Education and Training (JAMET), 12(5), 27-33.

Price, T. E., & Chambers, M. L. (2016). Globalization And The Cultural Impact On Technical Communication. European Scientific Journal, (Special Edition).