Globalization and Its Main Characteristics Essay

Globalization and Its Main Characteristics - Essay Example Reich (1998) characterized globalization as â€Å"a process through which occasions, choices and exercises in a single piece of the world can come to have a noteworthy ramification for people and networks in very removed pieces of the globe (Reich, 1998, p.5). It is the procedure through which economies, social orders, and societies are trading their assets for common advantages. Besides it is the procedure which coordinate worldwide system of political, mechanical, affordable and social thoughts through correspondence, transportation, and exchange. To put it plainly, globalization is a push to acquire all the individuals this world under one umbrella. This paper examinations the various qualities of globalization. Globalization prevailing with regards to bringing numerous social, political and practical changes on the planet. It is planned for diminishing the hole among; rich and poor, distinctive strict convictions, diverse political and social philosophies and so on. Poor nations may have numerous assets, however they might not have the foundation or mechanical skill to misuse it. Globalization can assist such poor nations with mobilizing their assets all the more viably with the collaboration from rich nations. For instance, it is very conceivable that oil assets are accessible in a significant number of the poor nations. Anyway these nations might not have the mechanical mastery or money related capacities to investigate oil in their waterfront districts. Rich nations can help such poor nations in investigating oil assets in their domain because of globalization. In this way, both the nations will be profited by their shared participation. It is nonsensical for a poor nation to keep their significant characteristic assets immaculate while taking a stab at progress. As indicated by Lauder et al (2006), numerous individuals enticed to think globalization as the â€Å"process of transportation of employments, ethnic and social sythesis of countries and so on from one nation to another† (Lauder et al, 2006, p.32).