I will not go to definition of globalization (& the topic which normally discuss), but try to put it in one line from organization’s point of view. Since the big organization or corporation gets the ACTUAL BENEFIT of globalization. A globalization means you can sell your product to any person of any country (except that countries which does not come into globalization).
The expert says that, due to globalization we get access to chip labor, good infrastructure & many more. Which result into reduction of price. At one point they are right. But we has to see the consequences of that
- Due to globalization big corporation earns more profit compare to smaller one. And slowly slowly small corporations or company stared close down & number of people lost their jobs. One more point I would like to add that, bunch of small company generate more job opportunity compare to a big corporation since small company have less automation.
- Globalization turns humans into robots. If your city is an electronics hub or an IT hub then you have to do your career in electronics or in IT. If you want to do career in another field, then it is likely possible you have to shift to different city or sometimes to different country. You don’t have options to choose your career.
- In the past we have seen natural disaster in Japan in the year 2011-12 & tsunami in Thailand in the year 2004-05. During those period not only the economy of Japan & Thailand was affected but almost all countries economy who does trading with Japan & Thailand was affected. The world is so inter connected, that all the world was affected during this period. What was happened due to natural disaster & tsunami was really bad, but what I want to point out that, it affects almost all the world. The world is so globalized (may be purposely globalized), that any change in any corner of world, will result in volatility in the entire world, especially in the share market of all countries.
Due to globalization, only a tiny portion of population generate hugh amount of wealth. If you talk about middle class, the problem of middle has raise. First of all I don’t understand this poor class middle class & upper class. I would like to give my thoughts on all of them.
Poor class – Whose earning is very low or nil & get benefits from government.
Middle class – Who pay most of the tax. A person who have only one type of income & remain in middle class till he have job in his/her hand. If that person plan some retirement plan, then he/she will remain in middle class after retirement.
Upper class – Who has number of source of income. Usually pay very less tax & can influence a government decision.
We always heard that, if this contract gets sign or both party agreed to this contract then million jobs will be created. But did actually that contract generate jobs? I have notice one thing; whenever any news comes with million jobs, the real motto is to get public attention & get contract sign which will benefit only a tiny portion of population.
Actually English is my third language & that’s the reason why I can’t understand terms like Free market agreement or free trade agreement. What is a free market? Where number of buyers & no number of seller come to do a business. If this is the definition of free market then why we put agreement? Agreement means a contract. If there is a contract between buyer & seller is that a free market?
I will come with lot more interesting topics like this. Till then, keep updating your knowledge. B’coz your knowledge (& use of that knowledge in right direction) is your biggest asset.
Great post, I will attempt to explain a few things about globalization.
Globalization is a long time plan that is being carried out by an inner circle of Central Bankers for their own benefit, and the benefit of Multinational Corporations which are all connected together, see this linked report.
International Law is about superseding National Constitutional Law which has problems for the elite like the Bill of Rights in America. By imposing International Laws that supersede those, they can bypass our Natural Rights and enslave everyone. This has been planned for hundreds of years.
If a "Free Market" agreement is hundreds of pages long, sometimes thousands and can't be viewed like TTIP, TTP etc. Then it is not a "Free Trade" Agreement, this is what is called "double talk" an Orwellian term for how the powers that be call something the exact opposite of what it is. A Free Trade Agreement would just be a Free Trade Agreement, not a document thousands of pages long that was written to benefit the MNC's and Central Banks and no one else.
Yes himsagar, I think a free market agreement would be one line such as:
"We agree to not hinder in any way the trade of our people between our two countries."
Much of anything more is a hindrance to trade and does just the opposite.
I am "tweeting" this on twitter.