Globalization Essay - 1663 Words

Globalization essay Globalization is the trend towards a single, integrated, and interdependent world. Some humans may not even realize globalization plays a part in our modern lives, but examples that may be classified as evidence of this trend include: the ability to buy products from dining cuisines belonging to myriad of different ethnical cultures, a joint project in which a multinational group of astronauts are sent to the moon, the visit of a Canadian circus troupe to China, the establishment of international and intercontinental trade agreements, and the ability to watch a live television broadcast from a foreign television station. These examples are made from looking at globalization as a whole, but from an economic†¦show more content†¦While trade is one of the major benefits of globalization, there is another that is deeply intertwined with humans’ lives: standard of living. â€Å"Examples of locations around the world that have dramatically improved their respective living standards since the 1950s would be the Four Tigers of East Asia – Hong Kong, Singapore, Taiwan, and South Korea.† (Sarel). These four areas of interest have managed to improve their living standards by deregulating and changing government policies that would impede globalization and open up world trade. â€Å"The Globalization Index was compared to the life expectancy for various countries. A strong correlation appears between the degree to which a country has globalized and that country’s life expectancy.† (Arnold 46). With better living standards, human life can be prolonged, seeing as more resources are given to that organism to ensure longer survival. In developing countries that have opened up their economies recently, we can detect exponential increases in income per person, meaning the citizens of that nation will be able to better provide for themselves and purchase goods and services with money that will be circulated, thereby exciting the econom y further. Increasing standard of living is not limited to those in developing countries. Globalization increases the income of countries that have opened up, and whenShow MoreRelatedEssay on Globalization1614 Words   |  6 Pagesand contested topic in today’s context. Globalization includes aspects like: economics, politics, ideas, knowledge, culture, society, environment, health, social etcetera. Though globalization can be traced back into time immemorial, but the extent and magnitude of present globalization is unprecedented. 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