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Globalization and Social Change - Essay Example

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Because of the wide canvass, globalization has been defined in many ways by different thinkers and authors. Some of them perceived it as the total integration of the global culture under one…
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Globalization and Social Change
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Globalization and Social Change

It is a fact that even in poor countries; immense resources are available which are unused because of lack of technology or infrastructure facilities. Such countries can seek the help of advanced countries to mobilize their resources more effectively.
According to Lauder et al (2006), many people tempted to think that globalization is the process of transportation of jobs, ethnic and cultural composition of nations etc from one country to another (Lauder et al, p.32). Many countries have opened up their economies more. For example, it is easy for an American or British company to establish its subsidiaries in India or China and vice versa. Same way it is possible for Indians or Pakistanis to get work permits in America or UK easily. Moreover, the trades between countries were increased a lot because of globalization. In any case it is an accepted fact that globalization has brought many changes in political, cultural and economical circles in the world. This paper briefly analyses the global social changes with respect to economy, happening in at present because of globalization.
Holst (2007) has mentioned that economic interpretations of globalization centered around three forms of capital; financial, productive and commercial (Holst). In fact globalization has opened many opportunities in the financial, productive and commercial sectors. It is possible for a Mexican or Indian company to invest in the American share market at present because of globalization. Same way the exchange of manpower between countries resulted in mutual benefits. International trade has been increased a lot after the introduction of globalization. In fact America and UK like capitalist markets were conquered by the cheap Chinese products at present. It is impossible for China like bulk production oriented countries to sell their products internally alone. Mexico is another example to learn more about how well a country can ... Read More
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