Aliyah A.

Bulagner September 22, 2024

AC 102 Mr. Karl Adrales

“My Perspectives on Globalization”

According to the (Globalization Benefits and Challenges, n.d.) globalization is defined as “the
process by which businesses or other organizations develop international influence or start operating on
an international scale.” However, according to an article from the Peterson Institute for International
Economics, “Globalization describes the growing interdependence of the world’s economies, cultures,
and populations, brought about by cross-border trade in goods and services, technology, and flows of
investment, people, and information.” It was introduced after the Cold War in the 1990s. There are a lot of
articles that define Globalization.

Figure 1: “Globalization in our everyday life”

However, based on my understanding I see globalization as a pathway of connection between

various countries. There’s always a sign of Globalization in our everyday life but not everyone sees and
notices it. It is evident in different industries from business, geopolitics, and technology to travel, culture,
and media. Globalization is seen everywhere, If we look around our surroundings we’ll find things that
are made from other countries, maybe in the clothes that we use or in the foods that we eat and if we
open our phones we’ll be able to connect with people or see things from other countries. In short,
globalization makes our life easier in some ways.

We humans have always struggled to communicate with other countries for different purposes.
Why is that? Because way back then there were wars and this led to countries being each other's rivals.
This is how globalization comes in. It started with steamships, railroads, the telegraph, and other
breakthroughs, and also by increasing economic cooperation among countries. Globalization helps us to
be able to access and really experience the variety of different works, services, or cuisines by different
countries in the comfort of being in our own country. This allows us to undergo the experience while not
having to travel to another country. The free flow of people, goods, art, and information is the reason you
can have Thai food delivered to your apartment as you listen to your favorite U.K.-based artist or stream a
Bollywood movie. One example is also our Overseas Filipino Workers (OFW) being able to experience
traditional Filipino cuisines, snacks, services, etc through globalization. It also enhances the pursuit of
knowledge of each country. By being constantly connected the sharing of knowledge and technical
innovations can be adapted quickly. Enables companies to discover more affordable methods for
manufacturing their goods.

Figure 2: “Trade is becoming more digital”

That is why according to (What Is Globalization? And How Has the Global Economy Shaped the
United States?, 2018), Digital trade, the exchange of digitally ordered or delivered goods and services.
The Internet and mobile phones have simplified the process of purchasing, selling, and distributing
products and services worldwide. Books and movies are among the goods that have transitioned to digital
formats. In 2018, digital trade accounted for around 24% of worldwide trade, compared to 19% in 1995.
Instances of electronic commerce involve outsourcing a contractor from a different country to handle
phone inquiries or utilizing a mobile application developed in the United States to flag down a taxi while
in a foreign country. It also boosts worldwide competition, leading to lower prices and a wider range of
options for consumers. Reduced expenses benefit individuals in both developing and developed nations to
lead a better life with fewer funds. Globalization provides businesses with major benefits such as reaching
new customers and accessing varied sources of income. Businesses wanting to grow internationally can
consider adaptable and creative approaches without having to set up foreign branches. An employer of
record (EOR) on a global scale makes it easier for companies to hire workers in different countries in a
fast and compliant manner. Additionally, globalization enables access to skilled individuals who may not
be easily found in domestic markets. For example, businesses have the option to access skilled tech
workers from successful centers such as Berlin or Stockholm, rather than depending only on Silicon
Valley. Having a worldwide Employee Onboarding and Recruitment (EOR) makes it simple and
compliant to hire talent from abroad, allowing businesses to easily expand their workforce and reach new
markets.
 However, cultural differences are also one of the main issues that globalization is currently
facing. Every country has its own culture and the cultural differences between every country are
undeniable. These are the main problems of businesses that are trying to compete and enter the foreign
market or become an international brand. They have to tap into different cultures and create a product or
service that is suitable for every person. However, this only applies to international brands that are trying
to be more inclusive. Not only do they assess their products but also the entire business operations such as
employing workers in a new country or their communication with their customers. In hiring new staff the
businesses also need to consider their salary pricing by examining the market demands and benefits that
will make a competitive offer. In addition to that, the time barrier is also a big thing to consider since each
country has different time zones.

Different countries also have different political and legal environments. These businesses must
stay updated on diverse and constantly evolving employment regulations in unfamiliar nations. When
branching out into different countries, businesses should understand how to navigate unfamiliar legal
frameworks and guarantee worldwide adherence. If not managed properly, mistakes can result in
obstacles and significant monetary and legal repercussions. They should also examine the different
immigration laws to ensure that employees can secure working visas that are foreign nationals. As well as
the tariffs and transportation fees, different countries offer different amounts of fees. If a business is
entering a foreign market it should consider transportation because it can be quite expensive depending on
the market. Decreased expenses may help numerous customers, however, it also generates intense rivalry
that prompts certain companies to seek inexpensive labor options. Certain Western companies move their
manufacturing operations abroad to nations such as China and Malaysia, where less strict rules allow for
the exploitation of employees to be more feasible.

But not all interactions with other countries are considered as a part of Globalization. As our
world evolves, people learn how to measure Globalization. It is measured by the Gross Domestic Product
also called the total economic output of a country. Many countries rely on the trading system to increase
their GDP by having taxes or tariffs that are used to make purchasing goods from other countries less
expensive. However, there are only certain countries who impose this rule. In conclusion to this,
Globalization has its pro’s and con’s. It is our duty and task to be responsible in making our own decisions
and to use Globalization as a way to help improve our way of living. Globalization is one of the things
that is included when it comes to the growth of our society.

References:

Globalization benefits and challenges. (n.d.-b). Velocity Global.

https://velocityglobal.com/resources/blog/globalization-benefits-and-challenges/

What Is Globalization? And How Has the Global Economy Shaped the United States? (2018,

October 29). Peterson Institute for International Economics. Retrieved October 6, 2024,

from https://www.piie.com/microsites/globalization/what-is-globalization