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Globalization

Article Summary   by:sunita2409     Original Author: IGNOU
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Globalisation has appeared to be the primary issue of political and strategic meaning. Owing to the drastic developments in the fields of computer, telecommunication and satellite technology, exchange of information through Internet equipments has become effortless. Numerous people- whether individuals, public or private, national or foreign institutions, presently, throughout the world are profited in transmitting the way we function. For instance, mail can be transferred through Internet between two or more sites anywhere in the world in a twinkle. Similarly, companies are conducting business of selling and purchasing commodities around the world with the help of information and communication technologies. Money is mobilized from one account over to another without the means o a cheque book. Customers can order goods and get them delivered at home and pay for them without moving a leg out of the drawing room through the facility of Internet services. This is defined as electronic commerce. Companies are shifting their production centres from on corner of the world to another in a twinkling of an eye. companies such as Microsoft, Samsung and Citibank diversified in production, marketing and work force located in several countries have become common names even in rural pockets of a country like India.
The multinational corporations are earning, investing and moving across companies and countries overnight. Banks, offices, transport services, companies, non-profit organizations, educational establishments, international organizations and individuals are making avail of computer software to originate their individual sites stored with information to be accessed, printed, or downloaded on a floppy disc at any one sitting before a computer with an internet connection. Satellite channels are broadcasting their programmes directly to homes anywhere in the world. News is being disseminated in a moment and wars are packaged live coverage. Put differently,globalisation is identified with influx of capital, goods, informations and communication technologies. All of a sudden the territorial borders synonymous with nation states have become irrelevant. A global civil society comprising parliamentarians, trade unions, non-government organizations is emerging conspicuous. Truly, global village has become too obvious.
Published: February 21, 2008   
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  1. 1. Thomas

    Cultural Effects of Globalization

    An interesting essay about the cultural effects of globalization can be found here: Essay on GRIN

    0 Rating Tuesday, October 05, 2010
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