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How to cope with the Challenges of Globalization?
Transcript of How to cope with the Challenges of Globalization?
What is Globalization?
The increasing movement of goods, services and capital across national borders.
"The Globalization of nothing" (George Ritzer)
Globalization and IT
International trade and financial flows integrate the world economy, leading to the spread of technology, culture and politics
Globalization, a term coined by Ritzer himself, refers to "imperialistic ambitions of nations, corporations, organizations and the like and their desire, indeed need, to impose themselves on various geographic areas
Websites, blogs, instant messaging systems, e-mail, social networking sites and other Internet-based communication systems have made it much easier for people with common interests to connect, exchange information, and collaborate with each other. Globalization accelerates the change of technology.
Every day it seems that a new technological innovation is being created. The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally.
IT has not only brought the world closer together, but it has allowed the world's economy to become a single interdependent system. This means that we can not only share information quickly and efficiently, but we can also bring down barriers of linguistic and geographic boundaries.
With the help of information technology, communication has also become cheaper, quicker, and more efficient. We can now communicate with anyone around the globe by simply text messaging them or sending them an email for an almost instantaneous response. The internet has also opened up face to face direct communication from different parts of the world thanks to the helps of video conferencing.
C) Cost effectiveness
Information technology has helped to computerize the business process thus streamlining businesses to make them extremely cost effective money making machines. This in turn increases productivity which ultimately gives rise to profits that means better pay and less strenuous working conditions.
While information technology may have streamlined the business process it has also crated job redundancies, downsizing and outsourcing. This means that a lot of lower and middle level jobs have been done away with causing more people to become unemployed.
Though information technology may have made communication quicker, easier and more convenient, it has also bought along privacy issues. From cell phone signal interceptions to email hacking, people are now worried about their once private information becoming public knowledge
C) Dominant culture
While information technology may have made the world a global village, it has also contributed to one culture dominating another weaker one. For example it is now argued that US influences how most young teenagers all over the world now act, dress and behave. Languages too have become overshadowed, with English becoming the primary mode of communication for business and everything else.
After the conclusion of World War II, the military industrial complex truly began to produce some simply amazing technological breakthroughs. As countries around the globe were engaged in a competition to produce the best technologies the fastest we began to see the inventions of man-portable missiles, spy satellites, and a plethora of other gadgets that are still used in today’s combat operations.
Advances in IT are producing many changes in our society. These changes have produced many benefits, but they have also raised several concerns. Innovations in IT have created new jobs, increased international trade and investment.
However, the expansion of IT also introduces costs. Workers in certain sectors of the economy lose their jobs as innovations in IT create a greater demand for high-tech workers and introduce efficiencies that make jobs obsolete.
Challenges of Globalization
Helps newcomers get oriented in their new city and to Canadian society
Assists in settlement by dealing with immediate needs as well as giving continued support.
Provides crisis support for difficult situations associated with settlement
Assesses language skills for translation and interpretation
Locates employment opportunities, training for new skills and offering assistance and support for people re-entering their field of work in a new country.
Presents cross- cultural awareness workshops.
Acculturation is fitting in. If you feel alone, in a new place, you just have to acculturate. This process is an opportunity to make friends, fit in, and be one with others.
Cultural Revitalization is an opportunity to celebrate identity. It revitalizes your: Language, Arts, and Traditions.
Affirmation of Identity
This gives you the opportunity to still be unique and belong in a group. Globalization can offer people opportunities to affirm their identities in a widely diverse community--the world
Integration gives you the opportunity to belong in a group. Also, offers you to see in a different perspective. Integration makes you a part of a larger crowd.
Globalization allows people to work smarter, not harder.
When nations work together they are able to support each other in their strengths. Retail companies can purchase and competitive prices.
Globalization help entrepreneurs in developing countries by allowing them access to international resources and finances.
Also, countries can see that they have much in common. This can minimize conflict and potentially war.
Having access to the world is a great thing, however it can cause problems. Knowing that the whole world is an option means someone in a different country could be a better fit for a job than you. This could make finding a job difficult.
Different countries may have different industry standards. This could compromise your product or condition of which your employees are being treated.
Another challenge of globalization is that if everyone is the same no one is special. We lose the value of diversity. Diversity allows growth and understanding.