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. Additionally it is the procedure which incorporate worldwide system of political, mechanical, practical and social thoughts through correspondence, transportation, and exchange. To put it plainly, globalization is a push to get all the individuals this world under one umbrella. This paper investigations the various attributes of globalization. Globalization prevailing with regards to bringing numerous social, political and practical changes on the planet. It is proposed for diminishing the hole among; rich and poor, distinctive strict convictions, diverse political and social philosophies and so forth. Poor nations may have numerous assets, however they might not have the framework or innovative mastery to abuse it. Globalization can assist such poor nations with mobilizing their assets all the more adequately 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 innovative mastery or money related capacities to investigate oil in their beach front locales. Rich nations can help such poor nations in investigating oil assets in their region 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 important 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 piece of countries and so on from one nation to another† (Lauder et al, 2006, p.32).