Globalization Research Paper Example | Topics and Well Written Essays - 2500 words

worldwideization - Research Paper ExampleThe new sphericized economy has become dependently structured on modern and digitized culture (Passaris, 2006). This paper will assess the benefits and detriments of information technology in significant areas of industrial structure, workforce, financial markets, healthcare, education, journalism and media. Moreover, the Digital Divide ca apply by IT access inequalities will be explained. Globalization Its Benefits and Demerits Globalization is the process of producing a net of linkages through a stream of information, technology, populace, and goods and services. In economics, globalization creates worldwide fall by the wayside market and capital flows, employs international transactions, encourages foreign direct investments, and aids in fast-flying and extensive dispersal of technology (Smith & Doyle, 2002). Pro-globalists affirm that globalization speeds up economic development, thus providing worldwide quality-living promotes higher profits and presents large options for low-cost goods and services raises employment and salaries and assists in the upgrading of working status and defends workers rights and aids in environmental security measures and conservation through national funding of ecological development. Moreover, globalization gives assistance and support to second and trio world nations through increased economic expansion alleviates poverty and hunger in the maturation nations safeguards civilian rights and promotes democratic governance. A century ago, todays experience of modern quality life brought slightly by the global digitized economy was beyond imagination. The new globalized world created improved health, longer life span, information processing system literacy, comfort, and higher living standards (Batterson & Weidenbaum, 2001). From an anti-globalists standpoint, globalization brings financial disasters and poverty for the sake of greed and power amplifies global income gap between the rich and poor nations affects the cross-border displacement of US jobs to below minimum salary factories exposed by workers rights and abuses ecology and environment for financial greed, thus worsening environmental conditions. Additionally, a globalized economy subjects create nations to unjust trade and extra financial burdens sustains world commerce in mass oppression and bondage pressures the independence of nations by weakening their national policies on world trade and risks the health, economy, and social status of the developing nations (Batterson & Weidenbaum, 2001). The Globalization of Information Technology Information Technology (IT) is a motivating channel in global integration through efficient information flow and distribution. The early expansions in computer and telecommunications technology in the nineties have caused extensive upgrading in information access and economic prospects that improved competence in every economic zone. IT system of communication assists the development of manufactured goods, designs, and reserves among nations and their population despite duration (Information Technology and Globalization, 2006). Today, IT products are common and used in virtually all transactions of business and interactions of mankind. The fast development of IT and its applications have redefined global experience. Three decades ago, prior to the introduction of personal desktop computers, people used the typewriter which allow simple paper documentations devoid of text manipulation and storage. Two decades ago, there was