Globalization Definiton and Globalization Effect To World Economy
In
my opinion Globalization has many definitions, from the sources I’ve read I can
conclude that globalization is inclusion or expansion of the influence include
culture,economy,technology,politics,communication,etc from one territory to the
another territory or the process of inclusion or expansion of a country to the
world society. in the other hand of my opinion globalization is the process of
dissemination of new elements particularly concerning information worldwide
through print and electronic media. In particular, globalization is formed by
the progress in the field of the communication world. There is also loss of
globalization as defining the boundaries of time and space as a result of advances
in information technology.
Globalization
in this century really affect the citizens,even affect the world. The people
can be quickly influenced by other country life style. globalization can give
many benefits example like easier to get information or anything from around
the world media and technology. But also has a negative effects example like
Indonesian people influenced by western life, this thing can make Indonesian
people loss of national culture. Globalization are contains many aspects,
include economy. I will focus to economy aspect. Globalization in economy can
be said as a process of economic and trade activities involving the countries
in the world so as to form kind of global free trade forces that progressively
integrated with no limits area of the world or country. For example, in export
and import become increase because there is cooperation like one country want
to exchange some goods with another country.
Globalization
itself has many positive and negative impacts to the world economy. On the side
of positive globalization in economy has positive impacts,example like appearance
of global free trade, because free trade can make eliminate the monopolistic
practices so as to make foreign investors come in and make more competition of
free trade, and also improve the country's trade balance of deficit. another
positive impact of globalization to the economy is the growing number of
organizations who want to promote trade in their country example like NGO. The last
positive impact is globalization in economy can be increased standart of
living, because economic globalization gives governments of developing nations
access to foreign lending. when these funds are used on infrastructure
including roads,health care,education and social services, the standart of
living in the country increases.
On the side of negative globalization in
economy has negative impacts,example like inhibit the growth of the industrial
sector,because one of the negative effects of globalization in the economic
growth of the industrial sector is hampered, this is caused by more free trade.
Another negative impacts is aggravate the balance of payments, because globalization
has a tendency of increase imported goods. Conversely, if a country is not able
to compete then exports could not be developed. And the last negative impact is
the financial sector increasingly unstable.
Referensi:
Name : Cesario Prayodhatama
Nim : 1701352202
Class :
02PB3
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