Essay on Globalization for Class 10, 12, Mains Exam (UPSC, PSC, SSC)
Globalization Essay : The term Globalization refers to a bonding or connections between different countries for purpose of trade, businesses, jobs, currency exchange, political exchange etc.
Globalisation has benefited several developing countries in terms of jobs, technology and import export businesses. Globalisation has made a gateway for students travel abroad to other countries and get admissions in best of high schools and universities thereby helping them to get better paying jobs in different countries.
Globalisation has helped traders to export their goods to foreign countries at better price thereby giving them more profits to their businesses.
Many multinational companies have been able to setup its branches in different countries, which helps in increasing employmentopportunities. Multinational companies provide cross training programs to its employees so that they don’t face language barriers and are able to work more effectively.
Globalisation has also helped in technology development in under developed and developing countries, as modern technology being exchange by developed countries making jobs getting done much faster and precise.
Globalisation has also lead to the beginning of e-commerce, wherein products and other consumer goods from different countries are sold online making it easier for end consumer to buy these products from the comfort of their homes. These products are then shipped and delivered directly to the consumers. Products not available in particular country can be easily shipped from another country with ease.
Globalisation has also makes foreign currency exchange much easier. Banks and several agencies are able to provide foreign currencies with ease, specially for those travelling to a foreign country.
Globalisation has also made it easier for a person to learn different foreign languages in his own country. This makes it easier for a person to travel in another country without having any difficulty with the language.
Globalization has its own advantages and disadvantages. One of the major disadvantage could been seen in the very outbreak of COVID 19, which caused damage to lives and world economies. Spread of such outbreak led to several countries closing their borders for foreign nationals. Also several students and employees had to flee these countries and return back to their resident countries , thereby losing their jobs and degrees.
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