IndexIntroductionTheories of globalizationAnalysisThe link between overall job loss and globalizationWage inequality related to technology/government policies or globalizationThe positive and negative aspects of multinationalsConclusionIntroductionThe idea of ​​globalization is currently well known but it is a very controversial issue and has been one of the most generally discussed issues since the collapse of communism. Now, globalization is the process of growth, development and expansion of businesses, services or technologies around the world. It is the expansion of various business activities into global markets around the world. Huge international investments are needed to develop large multinationals for global economic integration. In recent decades, globalization has taken the form of technological progress that has led to easier international travel, communication, and other activities for people. An example of globalization in the contemporary world can be eBay or Amazon. We can order anything we want from anywhere in the world. I see globalization as a way to connect people without limitations or boundaries in the way we do business. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Globalization is a historical process that began with the primary development of individuals from Africa in different parts of the world. Migrating over short or long separations, traders and others transmitted their thoughts, traditions, and objects to new terrains, and later societies bought and sold to each other in lands at great distances, such as via the famous Silk Road across the Central Asia. which connected China and Europe during the Middle Ages. The first phase of globalization began in the 16th century with the demise of pre-present localism and improvements in maritime innovation that led to the extraordinary period of ocean research, popularization, and mercantilism. The second phase, starting in the late 18th century, was characterized by the spread of Mechanical Transformation and enormous advances in human innovation, life foundations, profitability, and demand, leading to large-scale production and movement of goods. and individuals, across borders. mix through long removal mass exchange. During the third phase, the stock market continued its triumphant path as the engine of hyperdevelopment in East Asia since the 1970s. Globalization has apparently entered a frenetic fourth phase since the end of the 20th century, in which developed and developing countries are gradually catching up with their accomplices in the flow of cross-border trade and investment, depending on the per capita ratio of the developing world and the developing world. the scenes come together quickly, galvanized by the awakening of the ancient sleeping giants, China and India. Therefore, in this essay the characteristics of globalization in the contemporary world are analyzed. Theories of GlobalizationLiberalism views the procedure of globalization as the expansion of market-driven modernization. In its most basic dimension, it is a consequence of “characteristic” human desires for monetary well-being and political freedom. Therefore, Tran's planetary availability derives from the human drive to amplify material prosperity and exploit essential opportunities. These powers ultimately connect humanity across the globe. Marxism is essentially concerned with methods of production, social exploitation through unjust transportation, and social liberation through extraordinary qualityof private enterprise. Marx himself anticipated the development of globalism according to which "capital by its nature pushes beyond every spatial barrier to conquer the entire earth for its market". Similarly, for Marxists, globalization occurs because trans-global availability increases opportunities for benefit creation and aggregation of surpluses. Analysis The link between overall job losses and globalization The world is plagued by widespread poverty and persistent inequality. Some developing countries have managed to advance despite these obstacles, but many others have not made it, and still others have retreated. The impact of globalization on employment is a central question of contemporary political economy. From the perspective of developed countries, globalization is often seen as a threat, and increased employment in developing countries is seen as an important contribution to poverty reduction. Especially in developing countries, the importance of the relationship between globalization and employment is increasing. This relationship is surprisingly difficult for many reasons, since globalization is a multi-faceted phenomenon and each facet can have different effects on employment depending on the country, time, industry, policies and connection. In this context, there are many ways in which globalization affects job and labor losses. The most important concern the increase in trade, foreign direct investment (FDI) and international technology transfer. Job creation is seen by governments as an important potential contribution that foreign direct investment can make to their economies. Through FDI, technology transfer will increase, increase in efficiency and competitiveness of the industrial sector will be ensured, the cost of quality and production will decrease while all these factors will increase export performance and positively influence employment. The recent acceleration of technological developments, the intensification of international trade, the reduction of low-level manufacturing jobs and competition are the main drivers of the overall job losses. The Great Recession began in the United States in 2008. By the end of the year, twelve of the United States' thirteen largest financial institutions did extensive business overseas and were on the verge of bankruptcy. Within five years, the crisis had completely contaminated the global economy, so much so that almost all major European financial companies needed bailouts. As the Great Depression was at its root, the banking crisis was particularly dangerous for the world economy because of the way in which the international operations of large banks produce both advantages and disadvantages. They provide indispensable channels through which capital spreads across the globe allowing the world economy to hum productively. During this period, the activities of different institutions (hedge funds, commercial banks, investment banks, brokerages, pension funds, insurance companies and others) have continuously proven to be more intertwined. Banks would move towards each other, linking specifically, or foundations would put assets into a typical asset, linking indirectly. This association was inherently dangerous, because a problem in one organization quickly spread to related structures. Meanwhile, practical refinements between different types of organizations also came to be obscured. All in all, about twenty large and complex onesbudget foundations with huge tasks - think JP Morgan Pursue or Deutsche Bank dominate global funds. To be sure, a study conducted by the International Monetary Fund (IMF) found that just eighteen institutions were responsible for more than a portion of the problems described by banks and insurance companies around the world during the financial emergency. Technology/government-related wage inequality Political policies or globalization In many countries, social disaffection with economic performance is sharply increasing, disrupting the political landscape and fueling populist and nationalist sentiments. Income and wealth inequalities have increased in virtually every major economy, and dramatically in many of them. In the United States, for example, the income share of the top 1 percent has more than doubled since the early 1980s, to about 22 percent, with the wealth share rising to nearly 40 percent. hundred. Those with middle-class incomes have been squeezed, and the real wages of the typical worker have been largely stagnant. In the cauldron of political debate, much of the blame for rising inequality is placed on globalization, often from both ends of the political spectrum. The popular reaction against globalization has been fueled by a negative political crescendo. Another factor blamed is the digitalisation of technological change, the rise of robots and artificial intelligence which is believed to favor capital and higher-level skills at the expense of ordinary workers. Increasingly we hear calls to throw sand into the gears of technological change, reflecting an ascendant neo-Luddism. The most dynamic economic changes inevitably create winners and losers. Globalization and technology are no exception. They are key forces driving innovation, productivity and economic growth. But they have also been important factors behind the rise in inequality we have witnessed, with technological change playing a stronger role. The Positives and Negatives of Multinational CorporationsA huge business association with working organizations in various different nations. It typically operates normally with a head office based in one country, while other facilities are based in locations in other countries. International companies can range from car manufacturers to food chains that exist, as a result of globalization, with consumers and profit in mind. However, these transnational corporations are not free from criticism as they also have some negative aspects. One of the positive aspects of multinationals is the opportunity to operate in countries where labor is not so expensive. They can also open their offices in different countries where the demand for their services and products is high and their chances of reaching customers on a global scale, an advantage that other companies limited to regional offices and factories do not have. Multinationals can enjoy lower taxes in other countries for exports and imports, and an advantage that owners of international companies can obtain at any time. And while not all countries may have lower traffic, this offers tax breaks to investors to attract more international companies to do business in these countries. When international companies open branches in other countries, employees and team members are locals who say more people are offered job opportunities, especially in developing countries. Multinational companies regularly invest resources in developing countries where they can take advantage of cheaper jobs. Some companies from all over the world like to open branches in these parts of the world where.