Globalization

Globalisation

Globalisation is a complicated phenomenon that aims to increase global interdependence and integration by establishing networks and activities that cross economic, social, and geographical boundaries, resulting in a world without borders.

• Globalisation is a notion that deals with numerous types of fluxes within different parts of the world, such as ideas, capital, commodities, people, and so on
• These continuous flows are what give rise to and keep ‘global interconnectivity’ alive
• Globalisation is a multifaceted notion that encompasses political, economic, and cultural aspects

Causes of Globalisation:

• Technology will continue to play an integral role in supporting Globalisation. Telephones, the internet, and other innovations have transformed communication and facilitated links
• Technological advancements have made it feasible for ideas, capital, commodities, and people to travel more readily from one corner of the world to another
• People’s realisation that the globe is interconnected and occurs in one location affects other politically different spaces

Impacts of Globalisation:

Political Consequences:

• The government’s capacity to fulfil its job is eroded as a result of Globalisation (that is erosion of state capacity)
• Welfare states are now being turned into minimalist states, with an emphasis on essential services such as law and order, rather than welfare-directed economic and social well-being criteria
• The market, rather than welfare goals, is used to decide economic and social priorities
• Governments’ ability to make decisions on their own has been harmed by the arrival and expanded participation of multinational corporations
• However, this is not always the case, as Globalisation has not always diminished state capacity, but has also boosted it in some areas
• The state’s dominance continues to be the unquestioned foundation of the political community
• In international politics, ancient rivalries and jealousy between countries still exist
• The state continues to perform its basic functions while intentionally withdrawing from domains from which it no longer wishes to participate
• With improved tools at the state’s disposal for collecting information about its residents
• The state is better able to rule as a result of this information, not less competent
• As a result of the new technology, states became more powerful than they were previously

Economic Consequences:

Globalisation’s economic effects are mostly about the distribution of economic gains, i.e., who benefits the most from it and who benefits the least, or even who loses out.

Positive consequences:

• Globalisation has resulted in increased commodity commerce around the globe, as well as a reduction in the limits imposed by individual countries on allowing the import of goods from other countries
• Capital movement restrictions between countries have also been eased
• The movement of ideas across national borders was aided
• When there is deregulation, Globalisation leads to higher economic growth and well-being for a bigger portion of the population
• Greater international trade helps each economy to focus on what it does best. This would be beneficial to the entire world
• Globalisation is unavoidable, and resisting the march of time is foolish

Concerns:

• Globalisation has not resulted in a similar increase in people moving around the world. Developed countries have carefully guarded their borders with visa laws to ensure that foreign citizens cannot usurp their nationals’ jobs
• Economic Globalisation processes have resulted in state disengagement
• It will most certainly benefit a small portion of the population while impoverishing those who rely on the government for work and subsidies (education, health, sanitation, etc.)

Cultural Consequences:

• Globalisation has had an impact on our culture and has shaped our cultural choices

Negative Impacts:

• Globalisation has an impact on us at home, shaping our perceptions of our desires. The fear of a homogeneous culture, or cultural homogenization, arises as a result of Globalisation’s cultural effect
• The imposition of western culture, rather than the formation of a new global culture, has resulted in the rise of a homogenous culture
• McDonaldisation’ occurs when the culture of a politically and economically powerful society infects a less powerful society, and the world begins to resemble the dominant power’s vision. Cultures do not exist in a vacuum. Every culture accepts foreign influences on a regular basis. External influences might be harmful since they limit our options. External influences, on the other hand, can sometimes merely broaden our options, and they can also change our culture without overwhelming the conventional. The burger isn’t a replacement for a masala dosa and hence doesn’t present a real difficulty. It’s simply an addition to our menu options
• It is harmful not only for backward countries but for mankind as a whole because it causes the world’s rich cultural heritage to dwindle

Positive Impacts:

• All societies absorb outside influences on a regular basis
• By incorporating elements from different cultures into our own, we may expand our options
• Globalisation also makes a culture more distinct by introducing new characteristics, such as wearing a kurta with a pair of blue jeans. Cultural heterogeneity is the term for this occurrence

Conclusion

Globalisation refers to the movement of ideas, capital, commodities, and people. The capacity of ideas, capital, commodities, and people to flow more readily from one region of the world to another is primarily due to technical improvements. Globalisation has political, economic, and cultural expressions, all of which must be recognised. The critical component is the global interconnectedness that is produced and maintained as a result of such ongoing movement.