GLOBALISATION

Globalisation: Good or Bad

Globalization: good or bad?

Introduction

The most important factor determining the development of the world economy today is the globalization of world economy. Its foundation is the rising interdependence of national economies and the ever more close integration. There is an increased emergence of wide globalization on communications (transport network, Internet, etc.).The implication of today's global hurdles whose answers requires the cooperation of all countries in the world. Significant influence on the processes under way provides scientific and technical progress, primarily in information technology and telecommunications (Maitra, 2006, pp 456).

Thus, the whole discussion describes a new direction predicting the future is already taken shape and has its own peculiarities. Thus, relating towards the drift of globalization impact towards the economy of United Kingdom. This topic is all about the article which is mentioned below regarding an extremely controversial issue, globalization has been the center if much debate and has raised many questions.

According to the research of Robertson risk factor is always involved regarding any global issue. Globalization led to a vast economical growth but it is obvious that prosperity is not equal. Globalization is missing processes in which to improve deal and aid to the poorest state which would help with integration of all countries-rich and poor. Not only globalization is creating a vast gap among the develop and under developing countries but creating a greater space among countries .Countries that could not cope with the globalization factor created minimum standards for them and making them engage in different activities: drug trafficking, smuggling, and exaction. These cross border problems resulted in vulnerability and societal disruption all over the states. And although it has created openness to other cultures and promoted the flow of ideas, many states have fallen to the dilution of their cultures, values, and ideas.

Critique

Science has become the starting point and a source of technological progression. A technology based on scientific knowledge, became the base for production. In order to be productive, the United Kingdom has to keep up high and cost benefit development. Thus, with the globalization of socio-economic evolution generally speaking, it provides additional opportunities for developing a highly developed society. Because of this impact on business sector the prices have emerged sustainably, the technological enhancement has played an ever increasing role in helping the economy to sustain in the long run (Robertson, 2010, 852).

Globalization gives wide range to each nation to access each other's markets as well as to capital flow, technology, imports, exports, politics, and culture. While, as some states continually reap the benefits and prosper others are lessening short. Some have viewed its procedure as beneficial, while many others argue that it produces unfavorable results and consequences. While, before the issues and concerns of globalization, it is necessary to determine or rather define globalization and all which is involved. In the broader scope, globalization promotes effectiveness by utilizing each market and nation's specialization; nonetheless, allowing individual and economies to focus on what they do best (Maitra, 2006, pp ...