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What is globalization ? Globalization broadly refers to the expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness, hence to the consolidation of world society. Such an ecumenical definition captures much of what the term commonly means, but its meaning is disputed. It encompasses several large processes; definitions differ in what they emphasize. Globalization is historically complex; definitions vary in the particular driving force they identify. The meaning of the term is itself a topic in global discussion; it may refer to "real" processes, to ideas that justify them, or to a way of thinking about them. The term is not neutral; definitions express different assessments of global change. Among critics of capitalism and global inequality, globalization now has an especially pejorative ring.

The present era is said to be an age of globalization. Globalization is a broad term and encompasses varied perspectives. It refers to the global outlook of different nations of the world coming closer and joining hands in terms of economy, education, society and politics. Globalization empowers a view for the entire world as a whole irrespective of the national identity and thus globalization has narrowed the world by bringing people of all nations closer (What is globalization?). Enabling people of one nation to communicate with those of the other nation(s) is the biggest achievement in terms of globalization and development. The culture, trade, business, ethics and conduct of one group in one part of the world can influence others may or may not be of same nation. It is irrespective of the time and space and language bindings as these communications are in terms of trade, social internet forums. The process of globalization is therefore, an amalgamation of interaction and integration among different groups of people, various organizations and governments of different nations. This communication is supported by information technology (What is globalization?). The interaction not only influences people and their welfare in terms of civilization, traditions, political structure, financial growth and affluences but also affects the environment as a whole (What is globalization?).

Globalization is the buzzword of the 21st century. If we live in a globalized world, what does this mean for our economies, our cultures, our work and leisure, even our sense of ourselves? Globalization: The Key Concepts presents an accessible and provocative guide to the way we live now.The causes and the effects of globalization are hotly disputed and the book aims to present the range of arguments in a clear and balanced way. However, arguing that variation is as characteristic of globalization as standardization, the book stresses the necessity for a bottom-up, comparative analysis. Distinguishing between the cultural, political, economic and ecological aspects of globalization, the book highlights the implications of globalization for people's everyday lives.

This article is concerned with the engagement of leisure studies as an academic field and as organized, professional intervention with the phenomenon of globalization, using the exemplificatory case of the World Leisure and Recreation Association’s (now World Leisure’s) Sao Paulo Declaration on Leisure and Globalization as a point of reference. Deploying a combination of globalization theory and ‘autoethnographic’ research in relation to instances of mediated leisure culture, it reflects on conceptual imprecision and potential contradictions in the Declaration as indicative of wider problems in the disciplinary field. Leisure studies researchers are enjoined to avoid complicity in promoting both dystopian and utopian versions of globalization theory, and sceptically to assess the complex interaction of globalizing and other macro/micro processes. The article concludes by arguing for a wide‐ranging, critically reflexive leisure studies research agenda supported by principled strategic interventions in leisure power relations.

Globalization enhances the flow of capital, permitting the investors to invest on the untapped resources of the developing countries.

Mentioned below, are the advantages of Globalization which facilitate the development of world economies immensely

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If you look at the tag on your shirt, chances are you would see that it was made in a country other than the one in which you sit right now.

The benefits of global integration have been associated with unprecedented leaps in human development indicators. Technological innovation has accelerated integration both virtually, through the development of fiber optics, the internet and mobile telephony, as well as physically with vast improvements in transport and infrastructure. The spread of people, ideas, trade and the inspiring education revolution has and will continue to offer enormous potential for poverty alleviation and economic opportunity. Yet the downside to globalization is that of increased inequality between and within countries. And the second "side effect" is that the likelihood of increasing numbers of global shocks and crises is growing, as is our vulnerability to them. Little is understood about the risks associated with large-scale system interdependencies. Well beyond purely the financial arena, new systemic risks loom large in areas such as climate change, water and food insecurity, pandemics, resource scarcity, antibiotic resistance, bioterrorism, cybersecurity and supply chain vulnerability.

Advantages of Globalization Goods and people are transported with more easiness and speed the possibility of war between the developed countries decreases free trade between countries increases global mass media connects all the people in the world as the cultural barriers reduce, the global village dream becomes more realistic there is a propagation of democratic ideals the interdependence of the nation-states increases as the liquidity of capital increases, developed countries can invest in developing ones the flexibility of corporations to operate across borders increases the communication between the individuals and corporations in the world increases environmental protection in developed countries increases

Covering a wide range of distinct political, economic, and cultural trends, the term “globalization” has quickly become one of the most fashionable buzzwords of contemporary political and academic debate.

The wide-ranging impact of globalization on human existence means that it necessarily touches on many basic philosophical questions. At a minimum, globalization suggests that academic philosophers in the rich countries of the West should pay closer attention to the neglected voices and intellectual traditions of peoples with whom our fate is intertwined in ever more intimate ways

Globalization is nothing more than a trade war with production looking for a country cheaper to produce. And the war has expanded from trade to production, research, technology, techniques, jobs, payrolls -- the economy. Every nation struggles in the economy war to maintain and build its economy -- except the United States. In the Jan. 7 debate in New Hampshire, Gov. Jon Huntsman exclaimed: "We don't want to start a trade war." Japan started the trade war after World War II by closing its market, subsidizing its manufacture, selling its exports at cost, making up the profit in its closed market -- making Toyota No. 1 as General Motors went broke. In the same debate, Gov. Mitt Romney exclaimed: "We've got to stop China from stealing our jobs." China steals intellectual property -- not jobs. President Obama and Congress do the "stealing" by continuing the tax benefit to offshore jobs. Corporate America invests in China because there are no labor, safety or environmental concerns. If you make a profit, you pay no corporate tax unless profits are repatriated. Just reinvest for more profit. If not profitable, walk away with no legacy cost. Facing this kind of competition in globalization, the U.S. must develop an economy attractive to invest and protect the investment.

In order to cut down costs, many firms in developed nations have outsourced their manufacturing and white-collar jobs to Third-World countries like India and China, where the cost of labor is low. The most prominent among these have been jobs in the customer service field as many developing nations have a large English-speaking population - ready to work at one-fifth of what someone in developed world may call 'low-pay'. This has caused a lot of resentment among the people of developed countries, and companies have been accused of taking their jobs away. Another problem is that many Americans are not satisfied with the level of customer service that they are subjected to, and this has caused a lot of animosity among people and has added to the dissent that people already have against outsourcing.

Globalization has been called the new world order and the demise of democracy; the next step toward world peace, stability, and prosperity and the latest stage in the destruction of the earth and its inhabitants. In answer to our call for scholarly investigations and insights about the implications of globalization,

This is purely theoretical, though. In practice, powerful nations can come to control less powerful ones through conquest, either economic or military. In the age of globalization

, labor has become the comparative advantage of less prosperous nations. This is one of the reasons why so many jobs that once belonged to Americans go to China and India, Vietnam and Mexico–their laborers will work for less.

environmental sustainability

Outsourcing may have come in for a lot of flak from anti-outsourcing lobbies in the US, but the fact of the matter is that outsourcing has in fact been the one bailout option that has saved many US companies from going totally bankrupt.

That’s just above 200,000 jobs lost every year to global outsourcing, a trivial problem in the context of the normal churn of the U.S. economy, where about 7 million jobs were gained and lost in each of the previous four quarters”.

Globalization has been brutal to midwestern manufacturers like the Paper Converting Machine Co.

The changes can be harsh and deep. But a more enlightened, strategic view of global sourcing is starting to emerge as managers get a better fix on its potential.