Thereis no society or nation in the modern world that can argue that itoperates in isolation. The globalization process has resulted intointegration of the global societies. The increased global cooperationbetween nations and human societies has been enabled byglobalization. This cooperation is visible in economic, culture,education and politics. The advancement in transport andcommunication technologies has made the globalization process viable.The internet enables timeless and borderless communication betweenindividuals and corporate. Additionally, advanced transporttechnologies have enabled movement of people and commodities from onenation or continent to another within a short period of time. has created interdependent economic, social andpolitical systems. However, globalization is not an entirely newphenomenon. Exchange of goods and services, as well as borrowingcultural and political ideologies from other nations has existed inthe world for several centuries (Justin & Zachary, 2008).However, the new wave of globalization has attracted a lot ofattentions from scholars and social analysts. There are benefits aswell as challenges that have been associated with globalization,directly or indirectly. This paper argues that globalization isbeneficial to the modern societies and economies.
Thishas resulted in growth for both small businesses and multinationalcompanies, which can now access new markets across the world. It’salso resulted in increased transport and communication betweencountries and continents. The most important feature of globalizationis free trade and free movement of commodities and persons. This hasresulted into creation of multinational companies with markets allover the world. The resultant positive impact has been creating ofimmense wealth n both developing and developed nations. The increasedwealth as a result of globalization has been one of the mostimportant arguments by pro globalization scholars (Bhagwati, 2011).For example, in the mid 20th century, the world economieswere not globalised and there were very few multinationalorganizations with operations across the globe. The average GDPannual growth rate was estimated to be about 1.4 percent. By the endof the 20th century, the global economies were moreglobalised which resulted into increased trade and establishment ofmultinational organization. As a result, the average grown in GDP inthe early 2000s was about 5 percent per annum. Additionally, theeconomic benefits of globalization can be seen when the average rateof economic growth in a nation is compared to other nations relativeto when they became integrated in the global economy. Statisticsindicates that nations which entered the international marketsearlier have more advanced economies (James & Gills, 2010).
Social,cultural and political philosophies play an important role in humansocieties. Through globalization, nations and societies are able toshare favorable political, cultural and social ideologies thatimprove the quality of life. The prevalence of democracy and the ruleof law in the modern world are not by default (Ghosh, 2011). has created systems, infrastructures and organizationthrough which favorable ideologies such as democracy have been spreadto different parts of the world. For example, thanks toglobalizations, global leaders are able to sit in a round table todiscuss regional and international democracy and political stability. has also resulted into the spread of major religionsin the world which have direct impacts on morality in the society. enables societies to borrow social and cultural aspectsfrom other societies, which results into improved quality of life.For example, through globalization, different societies have adoptedEnglish language as an essential means of communication. This isbeneficial because a speaker of English is able to fit in any societyaround the world. Sharing of these social, cultural and politicalideologies and philosophies have significantly improved the qualityof life throughout the world (Frank, 2009).
has improved the quality of life by increasing variety of commoditiesin the market to satisfy the needs and wants of individuals indifferent parts of the world. The greater choice enjoyed by theconsumers in the modern world is attributed to free trade which makesit easy for commodities to leave and enter a country. This resultsinto competition, which results into better quality and lower prices.For example, although Chile does not manufacture vehicles, a Chileanis able to drive a high-end Toyota SUV from Japan. People from allover the world are able to access advanced technological equipmentsand facilities from companies located in different parts of theworld. In addition to ease in movement of commodities, globalizationhas enabled the mobility of technological knowledge through ease inmovement of human resources. The resultant global exchange hasresulted into improved quality of life, although at different levels(Michael, 2013). Today, a German on holiday in South Africa is ableto drink Italian wine in the restaurant, eat French cheese, speak toa Mexican in English on an American phone, use a Chinese computer toemail his business partner in Russia and drive a Japanese vehicle.This makes life both efficient and enjoyable.
Thereare controversies on whether globalization is beneficial to themodern society. is inevitable in the modern society. There are economic, social, political and cultural benefitsassociated with globalization. has resulted intoimproved quality of life through increased variety of commodities aswell as creation of wealth. Through increased interactions,globalization enables societies to share political, social andcultural ideas.
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James,P. & Gills, B. (2010). and Economy, Vol. 1:Global Markets and Capitalism. London: Sage Publications.
Justin,E. & Zachary, A. S. (2008). : a referencehandbook, Santa Barbara, Calif.: ABC-CLIO.
Michael,M. W. (2013). : what`s new, New York: ColumbiaUniversity Press.