The Impact of Globalization on Global Development

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Globalization is one of the broadest concepts with a high degree in diversity and different dimension. It is a process of interaction and integration among all people from all background and has been driven by information and technology. The past present and probably the future view globalization as the growth in the sizes of al he systems that is the social, political and economic systems together with the increase in the complexity of interconnectedness of the societal links.

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The totality of societal changes gives an overview of globalization processes in that it combines all aspects of life being crowned by technological advancement. Different researchers agree that the contemporary world is characterized by new and intensive processes of globalization with a high level of interconnectedness among the political, economic and social processes. Having been a concept that attracts a lot of analysists, globalization has different impacts that are either agreed upon or disagreed, arguing that globalization is bad while others see it as a positive aspect in life that has lifted countries and societies permanently. In particular, this essay discusses if globalization is good or bad.

To begin with, globalization has impacted a lot in the society through its historical transformation. Industrialization is one of the greatest’s tested transformation that globalization has brought. The core drive of globalization is technology which has given a normal, increasing amount of widening and deepening connection in the cultural, economic, political events that are driven by new technology worldwide. The developing counties, for example, have received high levels of growth through direct foreign investments which have seen a free market and industrial as well as growth I economic rate. Capitalism is also one of the aspects that globalization has expended its importance in different continents and states and here competition has been embraced increasing the growth rate and performance of various industries (Rodrik, Dani pg79). Historically this has the increasing technology has therefore as an aspect of globalization been one of the positive impacts that have been receiving together with the effects of advanced information and technology. Information and sharing of communication through the internet have also enhanced a global village primarily in the business environment and social, cultural interconnectedness. Individual and corporate societies can easily share information that improves the performance of their organizations and firms through social networking. Thus, I believe that all can buy the idea that globalization is inevitable and its impacts are positive.

Another good thing that globalization has brought in is the global demand and achievement of democracy and participation. Before the 19th century, there was global colonialization and high rate of slavery and civil war. This was followed by the global spread of social movements,

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