Which Statement Best Describes How Globalization Is Affecting The World?
The correct answer is B: The world is becoming more interconnected and globalized. Communication and transportation have made the world a more suitable place. According to some researchers, globalization is a natural progression in the advancement of technology. Besides; Globalization refers to the increasing interdependence of local and national economies worldwide. Therefore, an increase in the global cross-border movement of goods and services is a result.
What is the impact of globalization on culture?
Since different countries’ cultural values and traditions are being exchanged and merged due to globalization. Besides, it’s essential to recognize that Cultural globalization is characterized by a rise in international communication and convergence of business and consumer culture across national borders.
What are the long-term effects of globalization on the nation-states of the world?
Globalization has profound effects on nation-states in politics, economy, and culture, all at the same time. Hence, They all threaten the nation-state, eroding its power and making it more vulnerable to cultural imperialism and other attempts to subvert its national culture. Learn – Disadvantages of Globalization
As the world becomes more globalized, so makes the impact on the environment.
- Increased Delivery of Products
As a result of both of these realities, finished products may travel as far as halfway around the world. Besides, People used to buy and consumer products more locally in the past. As a result of the increased movement of goods, the environment can be affected in several ways.
However, Greater fuel consumption and consequently higher emissions of greenhouse gases occur as a product travels a greater distance. In addition to harming biodiversity, these emissions wreak havoc on the environment by accelerating climate change and rising ocean acidity. Learn – Blockchain Business Development
- Habitat destruction
Infrastructure such as roads and bridges are needed for transportation, mainly land-based transportation. However, it is possible that the construction of such infrastructure could lead to environmental problems, such as habitat loss and pollution. Besides, The International Transport Forum points out that approximately 70% of all freight is transported by ship. Increased maritime traffic increases the risk of the catastrophic oil spill or leak damage to the delicate marine environment.
Therefore, from plants to animals to fungi, a living organism can hitch a ride in a shipping container or vessel to a new location where it can become invasive and grow without the checks and balances that might be present in its natural environment. Explore – impact of information systems on organizations
- Specialization of the Economy
Overspecialization can, unfortunately, lead to serious environmental problems, such as habitat loss, deforestation, or excessive use of natural resources. A few examples are as follows:
Brazil’s growing cattle ranching industry necessitates a large amount of grazing land, resulting in illegal deforestation.
Overfishing in coastal areas, including Southeast Asia, has significantly reduced fish populations and oceanic pollution.
- Reduced Biodiversity
Global biodiversity is being impacted by various factors, including increased greenhouse gas emissions, ocean acidification, deforestation, climate change, and invasive species.
- Increased Perceptibility
Even though globalization has had many adverse effects on the environment, it has also increased global awareness of environmental issues.
However, more significant international travel and global connectivity have made it possible for individuals to see the effects of deforestation, habitat loss, and climate change on the environment more efficiently than ever before. There have been new laws, regulations, and processes put in place to limit adverse effects resulting from this, as well.
- Societal Implications of Globalization
“Globalization” has become a common term in the last fifteen years. Besides, An extremely contentious term that has been defined in numerous ways. Today’s world is more interconnected because of globalization. Hence, Trade markets that are open and unrestricted are referred to as “globalization” (through lowering of trade barriers, removing capital controls, and liberalization of foreign exchange restrictions).Therefore, A global world is characterized by large volumes of money movement, increased trade, and changes in information technology and communication. Learn – Supply chain management .
Additionally, there is a large amount of migration between countries for trade and employment. This has reduced the barriers imposed by a nation-state on the movement of goods, labor, and other services. Some believe that a “global village” is emerging. Moreover, The overall process of globalization has been propelled by economic globalization for the past two decades.
Economic progress has been based on global interaction rather than insulated isolation. As a result of trade, migration, and the spread of scientific and technological knowledge, ‘nasty, brutish, and short’ lives have been broken out of the world’s dominance. Despite all of this progress, life is still highly harsh, brutal, and short for a significant portion of the world’s population. Some have reaped the benefits of globalization, while others have not. “