Globalisation: Blessing Or Scourge?

326 Words2 Pages
Globalisation is the large scale movement of people, goods, capital and ideas due to increased economic integration which in turn is propelled by increased trade and investment. It is like moving towards living in a borderless world. It is most definitely a blessing to the present generation. By globalization, we mean shedding down the walls of distrust and the barriers of suspicion in between countries, to make a bridge. We now live in a media-oriented, fast-paced world as the advancement of technology becomes a key factor in the rapidly progressing level of understanding we have towards ourselves and our surroundings. Global mass media connects people from all over the globe and this forms a network in which we are able to communicate with anyone and everyone. One good example is Facebook, whose popularity and influence transcends those any other social networking site ever known. On a greater extent, globalisation has benefitted just about every aspect of a country, political, social, cultural, economic, military, industrial, transport and communications etc. One of the most positive effects of globalization, beginning after WWII, is its impact on trade. With an increase in free trade, the prosperity and wealth of nations as well as their interdependence on one another has increased, this has also considerably reduced the chances of war. Technology has also integrated itself into the lives of many, helping us complete everyday tasks at a more efficient rate. Improved technology has dramatically reduced costs and prices changing the way the world communicates, learns, does business and treats illnesses. Between 1990 and 1999, adult illiteracy rates in developing countries fell from 35 per cent to 29 per cent. Communication among the countries is on the rise, which allows for better understanding and broader vision. Countries which have had faster economic
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