Thanks to the taken measures tariffs on trade in goods and services from abroad reduced. Transnationalization, which in essence is an exchange between the countries of the goods, which in one country are in abundance, and in another there is a lack of those goods. English has become the international language, as in former times Russian was main for the countries of the USSR. Globalization has created an international competition. Competition, in its turn, is a stimulator of the production, as much it is harder as much the level of production is higher.
Multinational companies today captured financial and information market. After all, every manufacturer tries to occupy a favorable place in international trade field, so he tries to do everything so that his goods look more attractive than the competitors’. Globalization has provoked economy of industrial scale, which contributed to avoiding shocks in the economy and to lower prices. International trade is beneficial to all the subjects of market relations; creation of trade unions only accelerates the process of globalization. The introduction of modern technology improves productivity. Countries in the development stage can catch up with the advanced state, globalization gives them a head start to improve their economic situation and take strong foothold on the world stage. Benefits of globalization can not be equally distributed across the world.
About 10 or 20 years ago not so many people heard about globalization, and only few knew what it means.
Today globalization issue is discussed by almost everyone.
The economies of all countries are becoming a global. The transition to a market relations, which is more or less occurred in Europe and the former Soviet Union, and thus supported the economic views of the United States. Some industrial sectors from international trade make huge profits, the inflow of skilled labor force from abroad, the financing, while others are losing competitiveness, become unnecessary.
Essays On Globilization
Forgotten industries need time and money to reconstruct, to adjust to the new conditions of life.
Globalization is a fact of modern life; it is an irreversible process, inescapable fate of world development. So let’s sum up everything we have already mentioned.
Globalization is a world phenomenon; it is a process that affects every country of the world, their economies and the lives.
By Walden Bello, Edited with a preface by Anuradha Mittal, Food First Books 2001 The essays in The Future in the Balance show how a world has been created where the poor are left to meet their needs in a skyrocketing free market, and protectionism and cronyism exists for banks and corporations.
Bello shatters the myths of development as prescribed by these institutions and offers the possibility of another world based on fairness and justice.