Globalization

Globalization refers to the process of integration between different nations in order to exchange views, economic resources or cultural resources. These international relations develop due various interests such as boosting of trade between nations or borrowing of ideas in order to improve the economy of the involved nations.

There are several factors which have contributed towards globalization which include; development of technology, cheap transportation costs, and cheaper information communication methods. Improvement of technology has enabled easy access of products through the internet whereby even purchases can be made online. Most companies advertise their products through their official websites whereby they also provide purchasing options to their customers. They also offer shipping options in order to ensure that once the products are purchased, they are delivered to the owners (Von Braun, 2007). Therefore, consumers are provided with variety of products from different brands all over the world to choose from. This has encouraged globalization since it has eliminated trade barriers from the international market (Von Braun, 2007).

The cost of information communication has also become cheaper compared to the previous centuries. More effective and cheaper means of information communication such as use of mobile phones and video teleconferencing have promoted globalization. This is because entrepreneurs from different countries can communicate effectively hence conducting trade through ordering of goods and advertising their products to the consumers. The cost of making international calls in the previous centuries was very high hence discouraging many people which in turn affected globalization. For instance, in 1946, the cost of making a phone call from USA to Britain was $12 per minute (Chanda, 2007). This limited communication through telephone only to the rich. Trade could not be conducted since entrepreneurs feared incurring of losses in case the cost of communication exceeded their profits. However, the cost has reduced to the present 48 cents per minute which is affordable to many people. This encourages communication hence making it affordable to advertise products through telephone or arranging business meetings. Introduction of faster means of transport such as new airlines to different nations has also promoted globalization. It has enabled trade of highly precious products such as gold to take place safely since air transport it is more secure than water transport (Sen, 1999).  

Globalization has caused significant effects to many countries; it has enabled many nations to improve their economy by establishing world-wide trade partners. It has enabled people to trade freely all over the world hence creating market for their products in the international market and also importing goods from other entrepreneurs. It has also promoted international relationships between nations hence eliminating enmity which was developed in the ancient times due to frequent war between nations.

Conclusion

Improvement of technology and introduction of cheaper means of transportation has enabled integration of people from all over the world hence promoting exchange of cultural and economic resources. It has also improved the social relationship between people of different ethnic groups since they interact freely to learn different cultures. Moreover, promoting of good relationship between nations ensures that the developing nations are helped by the already developed ones to improve their economy (Murray, 2006). This leads to improvement of living standards among the citizens. It also helps nations to borrow ideas from one another on how to conduct various development projects and how to manage disaster hence avoiding calamities