Free Globalization Isn’t Dead, It’s Only Just Beginning Essay Sample
Type of paper: Essay
Topic: Countries, China, Globalization, India, World, South Korea, Industry, Technology
The procedure followed by businesses or other organizations for improving international impact, or begin operations on a global scale is known as Globalization. In the earlier days it was perceived that globalization means following the western trends; however, the perception has changed since a few decades, as we now see the once developing countries competing with the developed countries in terms of economy and culture. This change would not be possible without the emerging technology, which has modified almost all the industries such as manufacturing software, medical, tourism, and telecommunication. The current era can be termed as the start of globalization because the present trends are leading us to new thoughts, arts and products.
The Asian countries such as China and India are dominating the present global market in all aspects. These countries have the largest population, and most people contributed to the world economy as laborers; however, it is not the case anymore. Apart from China and India, South Korean industries are becoming more competitive in the global market. For example, Samsung competes with Apple, kids in Boston dance and sing on the Korean songs, and Hyundai cars from Seoul are driven more by the youth. Bollywood movies and songs, and Korean soap operas are gaining more popularity in and around Asia.
The Group of Eight (G8); an international forum for the administrations and central bank governors has increased to G-20 from major economies giving greater voice to nations like Turkey, South Africa and Brazil . Though, money and technology were exported from the U.S. and Europe into China, India and other very low-income countries, to bring them into the international trading system earlier, it can be seen that, currently China is buying companies from America. The development of globalization can be seen in 1995 when the total trade between India and China was less than $1.1 billion, and in 2012, it surged to almost $69 billion . Globalization is expanding, attracting more comprehensiveness, and creating more stability between different parts of the planet.