Globalization in Saudi Arabia

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

For over thousands of years, globalization has widely occurred worldwide. Infact, since it had such an impactful widespread among people and families, It stayed throughout its heritage and was passed on to today.

Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.

Based on this definition the author explained about the process of globalization, and the globalization was impact of transnational and transcultural integration of human and non-human activities, the globalization was consequences of those processes and also influence of platform of respective country. Transnational and transcultural activities among state encompasses the many terms of life in international system, for example economy, politics, health, education, environment, social, culture and arts, Alan Deardorff also argues about the definition of globalization,

Globalization is an irreversible tendency which implement an integration of economy, politics, culture and technology regardless of the restrictions of time zones (distance) and national-border (space). International political-economic structure has been changed through globalization, as more countries with higher level of comprehensive national strength occupied leading positions. Providing opportunities for individual countries to pursue its own national interests in a broader market is of the essence of globalization.

Globalization perpetuates economic interdependence between countries. Through the increasing volume of goods and services transferred across borders, globalization has created international capital flow and boosted the rapid diffusion of technology. According to Dr. Ismail Shariff, “globalization is the worldwide process of homogenizing prices, products, wages, rates of interest and profit.” Three forces control the manner by which globalization furthers developments. These factors include the role of human migration, international trade, and integration of financial markets. By discussing the pros and cons of globalization, a correlation between these factors reveal the intertwined web known as world trade.

Many individuals correlate the term globalization with the recent expansion of many United States based companies to overseas locations. Globalization has actually been occurring for many hundreds of years. Looking back to the first explorers, they can be defined as the ones who started the movement. The world has been witnessing a globalization process at least for the last four centuries (Ates, 2008). Globalization still remains to be a phenomenon which nobody can agree on a clear definition. It has been responded to as a movement from one country to the next, an expansion into a foreign region to reap the benefits of untapped resources, or merely a location which offers a broader range of individuals to fill the needs of a business. No matter how it is defined or labeled, globalization has been occurring since modes of transportation have been available. When Christopher Columbus embarked on his journey to the new world, he was in search of a new region which had been untapped by other explorers. Many early explorers were merely in search of

Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Globalization seems to talk about several vibrant phenomena(s) which ensure two major components.

Globalization is the increasing interdependence and connectedness of the world, its businesses and it markets, as well as flow of goods, ideas, technology, people etc. This phenomenon has increased vastly over the years due to technological advances, telecommunications and internet. As the world becomes a global economy, countries have the opportunity to advance more but with the catch that there is also increased competition. Thus as it becomes more common and powerful a feature, it also has some resistance as well. (InvestorWords, n.d.)

Globalization isn’t a widely discussed topic, it is therefore not all that easy to explain such a complicated term in simple terms. Advances in technology such as mobile phones, aero planes and the internet have made the growth of transport and communication networks possible. This means that people and countries can exchange information and goods more quickly and in a less complicated way this process is called Globalization.Globalization comes from

The term entered common vocabulary in the 1980's and it grew so popular that the economic, political and cultural background of today is now described as "The Era of Globalization." However, this term needs to be thoroughly clarified as it means different things to different people. To some, it is a natural phenomenon of wide-spreading economic, social, and political activities of different countries beyond their physical borders. In these people's view, the increase in free trade and international exchange of information, labor and technology represents a beneficial process of economic development. Yet, there are others who believe globalization can damage the level of employment, the social progress and the cultural identity of a country. As a result of these divergent views on the matter, the term "globalization" and the phenomenon it names are the subject of a very strong debate.

From the beginning of the 1990s, the global financial system has entered a phase of unprecedented restructuring, marked by the increasing integration of financial markets and increased economic interdependence. This process, known under the name of financial globalization allows companies better access to financing, offers investors a greater possibility of investment and thus increases the liquidity of the global economy.

I think that if we want to talk about globalization first of all we must define what the globalization is. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Globalization can be defined as an intensive form of worldwide interconnectedness that facilitates the flow of capital, humans, commodities, technology, information, symbols and values due to the advancement worldwide systems of transport and communication. Globalization has created new opportunities for developing countries such as, technology, greater opportunities to access markets, increase in growth and improved living standards. Despite the fact that it has been beneficial for the world economy, it has led to the rise of certain issues in both developed and developing countries. These include environmental degradations, labour exploitations and increase inequity around the world.

Although connections might not seem apparent, nations around the world have become closer to one another now more than ever before. Countries are creating stronger internal ties; goods and services are being promoted and exchanged between nations, which creates relationships. Globalization is a process of intercommunication and integration within people, companies, and different nation’s governments. Globalization is processed by international trade and investments aided by information technology. This process has many effects on a nation. It affects the environment, culture, political systems, economics, and development. In addition to human’s physical wellbeing in societies around the world. Citizens and companies do not desire to do business with other nations just because, but instead it is an occurrence because there is a better benefit for that citizen or company. Globalization will progress until the government applies rules and regulations to control it, or stop it. Globalization and developing countries have a parallel correlation. As a country develops globalization occurs. Globalization can bring on both great opportunities and disadvantages. Globalization can create aggressive competition.