Globalization Causes, Consequences and Reflections

Globalization: Causes, Consequences and Reflections Preface Globalization, a proverbial phenomenon observed mostly in the domains of commerce and culture, poses sweeping impact to the modern world and overall human experience. It is recognized as the expanding collaborations amongst interest groups, corporations, and countries that go beyond nation-state borders, as societies around the world experience an increased level of interdependence. In essence, it refers to the collective perception of the compression of the world and the intensification of consciousness of the world as a whole (R. Robertson, Globalization, 1992:8) This movement, some deems inevitable and irreversible, is manifested in the prevalence of multinational projects†¦show more content†¦As a result of mass-production and mass-marketing, goods and services are gradually become more common in different countries. By influencing consumers with the same products around the world, opponents argue that globalization is gradually morphing the world into a single world cul ture where everyone lives in a world of MTV and drinks Coca-cola (3). However, proponents argue that globally integrated countries such as Italy, Sweden, the Netherlands, and Japan have been able to retain distinctive cultures (3). Despite oppositions to standardizing force of globalization, such standardization (if it is indeed happening) is actually beneficial for companies since a standardized world culture will allow companies to create similar branding and marketing message for all countries, resulting in reduction of cost. Sustainable Growth From the under-developed countries perspectives, globalization brought along with it the sudden realization of new opportunities followed by accelerated attempts to exploit these opportunities without much consideration for consequences. 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