Research Globalization and its Consequences for Societies

Globalization and its Consequences for Societies
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Globalization and its Consequences for Societies
Question 1
There are four different perspectives on globalization, dependent on the aims and objectives that follow their terms. When dealing with the economy, globalization can be termed as the merger between different nations when dependability on demand, supply, and manufacture, processing as well as availing of both goods and services are made possible despite the differences in currencies, geographical locations, resources and raw materials. The harmonization of trade, tariffs, the cooperation of the same and enabling of substantial establishments as per the markets, shares and interoperability from all economies. When discussing globalization from a social perspective, it is the association, interaction and exchange of various cultures based on the differences from one region, race or ethnicity to another (Fecht, 2012). The nature of life’s ways is integrated especially with those of influences like westernization into the others’ day to day functioning. It also affects the basis of living standards and association.
The third perspective is that of political effect. Globalization is due to the exchange of ideas and management of different nations’ affairs at all levels. The political systems and their functioning in individual countries are targeted by the others when trying to achieve a systematic approach to governance. In most cases, democracy has been identified as the global objective of being self- governing and means of ensuring prosperity. Thus, different nations take the cues from established democracies as a means of achieving better results. The fourth perceptive is that of communication and identity (Stulz, 2013). The latter perspective helps identify the people’s setting in their geographical locations when compared to other nations, especially when dealing with developed systems. Influences like technology, language use, integration, and interaction are all made possible through this perceptive when trying to achieve uniformity all round.
Question 6
Our lives are being shaken to the core by mechanical change, with the Fourth Industrial Revolution changing economies as never before. The extraordinary velocity of progress, and in addition the expansiveness and the profundity of numerous radical changes unleashed by new computerized, automated and 3D advances, is affecting what we deliver and do, how and where we do it and for sure how we acquire a living. Keeping in mind the change will continue contrastingly in cutting edge and creating parts of the world, no nation or business sector will be saved from the tsunami of change (Woo, 2011). To value the current progressions, two interrelated areas of the economy are especially illustrative: development and efficiency on one hand and occupation on the other. The bidding of transnational corporations becomes evident as innovation is required and staying afloat.
Profitability is the most crucial determinant of long haul development. However, efficiency development has stagnated the world over, especially since the considerable subsidence, putting into inquiry our capacity to give rise ...