The developing countries lie in a depriving position while the developed countries enjoy all the interconnection benefits. The interconnection between the countries helped decrease poverty, but it does not equally support global community members. However, the development is not even because some countries are growing quickly in comparison to others. Globalization has made way for the countries to develop rapidly. Globalization Plays a Role in the Worldwide Development Due to the colonization by Europe in various countries, some of the practices and cultural lifestyle is adopted by the people deep inside the African villages. Globalization’s financial aspect is the major force that acts as a driving agent for both the political and social parts. With the adoption and evolution of market-related laws and policies in local and international fields, the governments have played a significant role by allowing economic integration of special activities and giving major independence to welcome the outside World. However, it is impossible to prove that the process works without the intervention of other factors. Many political scientists believe that the two major forces that make Globalization effective are technological innovation and entrepreneurship. The liberation of investment and trade, Social networks worldwide, technological innovation, and entrepreneurship are the four major factors of Globalization. The process is huge and not easily predictable but organized as well. Globalization is a complex procedure that includes the trends and tendencies of the economic, cultural, and social spheres of the people and places around the World. You can also find more Essay Writing articles on events, persons, sports, technology and many more. The two main elements that need to work here is the ease of flow of goods, services, and activities of people from one place to another and the incorporation and change in policies that allow the easy flow of exchange around the areas. As per World Health Organization, Globalization is defined as the interdependence and interconnection of people in a local place with the people around the World. One of the popular political scientist, James Rosenau, described the term as a currently popular label and accounted for people’s norms, goods, ideas, services, activities, and currencies that are localized and practiced in a confined area.
To understand the impact of Globalization, it is important to know what it is. Globalization cannot simply be related to being political as it has had significant effects on cultural, ideological, and social aspects of people around the World. Although a part of the population questions its existence, it has significantly impacted both developed and developing countries’ economies. Globalization has a different definition to different people, and whether it has a positive impact today or was better for yesterday is still questionable. Impact of Globalization Essay: Since the decline of communalism, Globalization has become one of the most controversial and debating issues among people around the World.