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Consequences Of Globalization Analysis

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Over the recent years the meaning of globalization has changed. The term Globalization has no specific meaning. “Globalization - the 'big idea' of the late twentieth century - lacks precise definition. More than this, it is in danger of becoming, if it has not already become, the cliché of our times.” (Anthony McGraw Global transformations). Globalization encourages integration between government, businesses and common people from all over the world, which is a product of interchanging ideas and mutual sharing of views. Globalization can also be defined as bringing the world together or connecting to the world through defined systems (Cohen, 2013). Globalization can be facilitated by the Internet or by some other networking medium. The technological …show more content…

According to Arnett (2002), there are major issues related to identity, which develop due to globalization. The first is the development of a bicultural identity or perhaps a hybrid identity, which means that part of one’s identity is rooted in the local culture while another part stems from an awareness of one’s relation to the global world. The development of global identities is no longer just a part of immigrants and ethnic minorities. People today especially the young develop an identity that gives them a sense of belonging to a worldwide culture, which includes an awareness of events, practices, styles and information that are a part of the global culture. Media such as television and especially the Internet, which allows for instant communication with any place in the world, play an important part in developing a global identity. Yet, along with this new global identity people continue to retain and develop their local identity for daily interactions with their family, friends and community. A good example of bicultural identity is among the educated youth in India who despite being integrated into the global fast paced technological world, may continue to have deep rooted traditional Indian values with respect to their personal lives and choices such as preference for an arranged marriage, caring for parents in their old age. Although developing a bicultural identity means that a local identity is retained alongside a global identity, there is no doubt that local cultures are being modified by

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Identity speaks of who we are as individuals but it also comes from two different groups: social and cultural. These groups are connected to power, values and ideology. Social identities are related to how we interact with people and how we present ourselves. Meanwhile cultural identities relate to society in whole such as religion, values, etc. In this paper I will talk about the dominant and subordinate identities.

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Each individual has their own different social identity. One’s social identity is constructed based on the different influences around them. The development of social identity is influenced by various factors such as the historical, cultural and religious beliefs of the society, community or family where one is brought up. It is influenced by the behaviours and attitudes of authority figures such as parents, teachers and community leaders around them, it is also influenced by external factors such as the media, one’s peers and the overall exposure one has (Carrim, 2006, p56).

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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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The two main texts to consider here are : Zygmunt Bauman’s “Identity in the globalizing world” and Stuart Hall’s “The question of cultural identity”. Both the authors deal with the identity discourse that has taken place with the advent of modernity or what can be thought of as how identity evolved in the modern times. Zygmunt Bauman’s article revolves around the thought that “we have moved from a

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At the heart of a person‘s life lies the struggle to define his self, to make sense of who he is? Diaspora represents the settling as well as unsettling process. While redesigning the geopolitical boundaries, cultural patterns, it has also reshaped the identities of the immigrants with new challenges confronting the immigrant in negotiating his identity. Diaspora becomes a site where past is given a new meaning and is preserved out of intense nostalgia and longing. The novel The Reluctant Fundamentalist by Mohsin Hamid is significant in its treatment of the issues faced by immigrants in the diaspora.

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We share the same cultural identity as we consume those cultural artifacts of narratives, memories, stories and fantasies to incorporate their cultural representations in similar or different ways into our everyday rituals and practices of daily life. Besides, the social and cultural construction of identity is highly influenced by media communication in the modern age. Technologies have empowered the media to communicate their meaning to a variety of people; (Hall, 1997) Social and cultural identity are linked to issues of power, value systems, and ideology. The media uses representations, such as images, words, and characters or personae, to convey specific ideas and values related to culture and identity in a society.

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I. INTRODUCTION a. BACKGROUND: Globalization is a process of interaction and integration among the people, companies, and governments of different countries, a procedure compelled by international trade and investment, and supported by information technology. Furthermore, this process has an effect on various other systems such as on the environment, culture, political systems, economic development and prosperity and lastly, on human physical well-being in societies around the world. “Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion” (York, 2016). Technology has been another primary driver of globalization,

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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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It is for this reason that Pinney, suggested that, identity build up is the most fundamental objective of a person 's adolescence, and "those who fail to achieve a secure identity are faced with identity confusion, a lack of clarity about who they are and what their role is in life” (Pinney, 1993). This brings out the fact that identity builds up and understanding is an inevitable and unexplainable. An understanding of identity an important aspect of crosses cultural communication, because it will help provide a guideline for communication interaction with others who have different cultural identity (Samorava , Porter, & McDaniel, 2009, p.

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Globalization means that people from. different countries communicate together and work together. The world is becoming globalizing because many people have benefits in globalization. Business men can set up their business in other countries. Also ,we can have better communication with other countries’ people through the widely used language, like English.

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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 aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

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