The Effects of Globalization

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The Effects of Globalization Essay | The Effects of Globalization The Effects of Globalization Summary: Globalization, the expanding phenonmenon that's leading the world to a more unified economy and culture, means more opportunity and better economic growth that can restructure weaker economies to help achieve the end of poverty. On the negative side, regional distinctions and countries' sovergnity are threated by multinational companies. Globalization represents the increasing integration of economics, communications and culture across national boundaries. I think a perfect example of globalization is McDonald's. McDonald's has become a household name across the world. In its infancy in 1954, it was an ice cream shop catering to the high demand for milkshakes. When Ray Croc purchased the exclusive rights for the store, he created a systematic machine, which is vastly imitated today. By 1963, McDonald's sold its one billionth hamburger. Today, it has served over 100 billion, opening new stores in new locations every year. Not only in the U.S, but around the globe. Argentina, Belgium, Equador, Greece, Lebanon, and Peru, just to name a few. McDonald's has changed eating habits all over the world. Such globalization has had an effect on the restaurant chain as well. Besides offering different versions of its hamburger meals, it now offers a variety of foods from diverse cultures such as fajitas, burritos, the grilled Kofta,the veg mckurry. All of these catering to the dietary interests of many countries, while also introducing these tastes to everyone else all over the world. What an amazing process. This is happening everywhere, with different corporations as well. Through trade and outsourcing we are being continually integrated with foreign countries and their culture. Free trade is allowing corporations to sell their products overseas introducing them to new

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