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The pros and cons of globalism - Essay Example
Pages 10 (2510 words)
The good and bad of globalism “Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas”. Jack Welch “Globalization is a fact of economic life”…
It extends to all forms of activities such as commercial, financial, or even religious as well as cultural. Such a development over the years has broadened the scope of human activities significantly thus giving rise to higher consumer expectations. One of the key reasons behind the sudden spurt in globalization is the range of technological innovations in the recent years, which has helped in transcending boundaries by breaking down barriers and made it possible for various businesses to take shape and reach a wider audience. The fact that technological revolutions have single handedly revolutionized the global arena has been documented by various authors and researchers alike (Langhorne, 2001). The internet revolution which has given rise to e-Business and e-Commerce has helped in creating global virtual communities These communities are known to display a strongly developed sense of awareness and play a vital role in participating in matters such as political as well as economic discourses, thus becoming a strong dominant force in enforcing their perspectives in matters related to public policies. The development of enterprise application systems, wireless communications technology as well as a range of effective business software have enabled the businesses to cater to the large and varied requirements of their consumers, in the fastest way possible. ...
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