Benefits and Costs of Globalization

Globalization has been one of the most popular topics in the
contemporary human society. It underlines integration of industries,
cultures, economies, as well as policymaking in the globe and describes
the process by which regional and national economies, cultures and
societies become integrated via a global network of transportation,
communication, trade and immigration. Globalization comes with a number
of benefits and costs, as is the case with the search engine giant
Google.
Globalization of IBM has resulted in increased technological
advancement in other parts of the world as they can access technological
innovations that are from other countries (Jaffe, 2006). In addition,
the investment of this company in other countries creates employment in
those countries while increasing the overall productivity of the
company. This has a positive effect on the United States economy. In
addition, globalization results in increased interdependence between
countries, in which case a variation in one country’s economy would
affect other countries (Jaffe, 2006). This causes governments to be
considerably more concerned about each other and strive to curb economic
imbalances.
However, globalization may be detrimental to the economy. The
globalization of Google to other countries such as India and China means
that the company could obtain experts with similar qualifications but at
a lower price, in which case the jobs of their existing experts from the
developed countries are at stake (Staggenborg, 2011). In addition, the
entry of Google into other countries has spelled doom for the existing
search engines, thanks to the capacity and speed of Google, which allows
it to bring immense competition to the countries (Staggenborg, 2011). On
the same note, globalization of Google may result in loss of cultural
identity as is the case for Google’s entry in China, where it has been
accused of aiding elements that are against the Chinese way of
governing.
References
Jaffe, E. D. (2006). Globalization and development. Philadelphia:
Chelsea House.
Staggenborg, S. (2011). Social movements (Rev. ed.). New York: Oxford
University Press.
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