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Impact Of Globalization On Sustainability

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Recommended: Forces Driving Globalization

When we discuss about the impact of globalization on sustainability, we have to understand why we have “globalization” in world business and where we should pay attention in sustainable development.

Globalization is an act that began to become popularized during the 1820s, and the term was established in the 1970s. (Wikipedia) Globalization highly involves cultural exchange as well as international trade, and it is the trend of moving businesses between both domestic and national markets to other markets around the world. (Investopedia) Thus, globalization is a course of event driven by international trade, which involves governments, people, and companies from various nations. (maturski.org) The four main aspects of globalization include ‘trade and transactions’, ‘capital and investment movements’, ‘migration and movement of people’, as well as ‘the dissemination of knowledge’.

The process of globalization is highly connected to different aspects within the society, such as economics, social-cultural as well as the environment. (Wikipedia) While Glidden defines Globalization into four different dimensions, which are “World Capitalist Economy”, “Nation-State System”, “World Military Order” and “International Division Labour”. (GLOPP, 2007)

Factors that boost globalization

However, globalization can lead to some environmental challenges, such as climate change, global warming, overfishing and air pollution. (Wikipedia) Besides, globalization can destroy the “home” of
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Thus, this results in more access to capital, technology, cheaper imports and larger exports markets. This globalization opens access for local business to international production networks and supply chains which are the main channels of trade, therefore this result in an increase in GDP and employment. However, globalization many have a negative impact along with its positive impact as global companies main focus is to maximize profits without regarding the development needs of developing countries. Globalization also results in loss if cultural uniqueness in favor of a universal culture which is drawn heavily from American culture. Developing countries have weak financial institutions therefore due to globalization the volume of capital flows increase which increases the risk of banking and currency

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Environmental Impact: As a result of greater international trade and transportation, there is a risk of increased energy consumption, pollution, and resource depletion. Globalization may exacerbate these environmental problems. Cultural Homogenization: Opponents contend that as local cultures are impacted by dominant global cultures, globalization may cause them to erode. Cultural diversity may be lost as a result of

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Globalization in the past 80 years has connected our world exceptionally well compared to the years before. Just under 80 years ago, when World War II ended, people saw an opportunity to grow together and learn from past mistakes. Globalization has brought the world together which has caused poverty rates to go down, work systems to become stronger leading to more accessibility, and overall life expectancy to increase. Globalization has forever changed the ways of the world and will continue to benefit people by bringing us together to become one substantial world. Globalization has benefited our world involving the decrease in poverty rates.

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Globalization has had an impact on just about everywhere in the world, whether it be positive or negative. There have been many benefits and good things that have come out of this international movement. We have more goods, we are more connected, things are easier to do, goods are cheaper, and life values and conditions have improved, but what about the people who don't have access to these benefits? What about the people we don't talk about, the ones who make those cheap goods? For some, many negatives have come out of globalization, like decreased living conditions and isolation, even if in our eyes it seems all good and like we couldn't live without it.

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Anything that happens in the world has an affect on you one way or another. Globalization negatively affects our lives negatively. Seen in the article Burgers challenge baguettes in French fast food stakes “The hamburger appears to be overtaking the filled baguette as France's convenience food of choice. Burgers now make up just more than 45% of all sandwiches sold in France”(Busch). Its sad that people in France don't eat their traditional food anymore and they are Mc.

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The environment and ecosystem have been greatly affected since the early ninetieth century. Environmental issues increased as globalization spread to new countries. The use of fossil fuels, to produce goods and new technological advances, increased the amount of greenhouse gases. Environmentalists, like Dr. S. Weiss, explain the chain reaction globalization causes in certain areas. The brief extinction of the Bay Checkerspot Butterfly was a chain reaction of the emissions released by thousands of cars that drive on highway 280 everyday, that caused the growth of certain grasses, which covered the natural wildflowers that sustain the population of the butterflies.

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INTRODUCTION Globalization has an impact on everyone. From the food people eat and what they wear, those products came from all around the world and is a product of globalization. That globalization is the international integration of ideas, products, and culture. But these products, ideas, and culture could come to a loss though these things are all very beneficial. Although there are times when globalization has costs in terms of deadly viruses is true, but the benefits do outweigh the costs when new ideas are introduced.

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To what extent does globalization contribute to sustainable prosperity for all people? Globalization contributes largely to sustainable prosperity for all people. Sustainable prosperity is when people of any ethnicity,religion or gender have all their needs met, all have an equal opportunity to create wealth and all to have the chance to pursue happiness. There are many groups that try to make sure everyone has sustainable prosperity. Based on the perspective demonstrated the source should be embraced to a certain extent.

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Throughout our lives, things around us have been changing, simple things, such as iPhones and other technology because of globalization. Globalization since the second world war has been mostly better for us than worse because there are decreased poverty rates and life expectancy has increased, but we are polluting our world with environmental destruction and Co2 emissions. Since the Second World War, extreme rates of poverty have decreased. According to Document 1, starting around 1950, there was a steep decrease in extreme poverty. It went from around 60% in 1950 to lower than 20% in 2015.

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The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).

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The exceptionally notoriety of the word 'globalization’ signals a require for caution. The word was barely utilized some time recently the late 1980s, indeed in scholarly circles, but nowadays you can barely open a daily paper without experiencing the term. It might effortlessly show up to is an elegant name utilized to assign wonders around which one has as it were the vaguest thoughts. However to dispose of the concept of globalization, and the huge consideration agreed the marvels it envelops, on such grounds, would be silly. There is a genuine require for a common, non-specific term to portray the complex, multi sided ways in which the world is inter-connected, and progressively so.

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Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

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Globalization is the method by which business, corporations, individuals start to operate on an international scale. Globalization has empowered monetary advancement, social and political impact. Though globalization is advantageous to the individuals who have worldwide systems while others are barred. The counter globalization development surveys the importance of globalization.

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Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries. There are so many advantages that globalization brings to developing countries like free trade, technology transfer and reducing unemployment.

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The Causes of Globalisation Globalisation has many causes but the one we take seriously is the economy and leave out the rest, the global causes have contributed on the world’s economy such as technology, financial, multinational corporations, labour and foreign direct investment. Technology, over the past decade technology has improve the way the economy works and communicate (people could sent important emails to a client who are half way across the world); technology has made a huge improvement in our everyday life’s through the internet (Scholte, 2000:101 in Hirst & Thompson

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