Globalization to globalization. Economic globalization is the process

Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. Globalization can be thought of to be the result of the opening up of the global economy and the concomitant increase in trade between nations. In other words, when countries that were hitherto closed to trade and foreign investment open up their economies and go global, the result is an increasing interconnectedness and integration of the economies of the world. This is a brief introduction to globalization.
Economic globalization is the process of increasing the financial integration amongst countries. Consequently, economic globalization leads to the development of a “global marketplace” or “a single world market”. Globalization of the economy refers to the integration of the world economies whereby economies in the world are become more interdependence. This economic development is being achieved through cross-border movement of capital, services, goods, and technology. This trend is believed by many to be irreversible and economies will continue depending on one another. One of prominent economists who believe economic globalization cannot be reversed is Gao Shanguan. Organizational development efforts are the laid down plan that is supposed to spur the organization to achieve its goals. Economic globalization might influence organizational development on several ways, which might be positive or negative as discussed in this essay.
Economic globalization can lead to economic growth of an organization in that would not have been realized were it not for globalization of economy. This is one of the major objectives of organization development as well as a priority for many countries all over the world. This goal of growth in economy can be achieved through international trade, which involves many countries. Despite the obvious gap between developed and developing countries, economic globalization can manage to bring out positive results for both countries. Benefits arising from economic globalization can be shared among different organizations in various nations. When countries get involved in global trade, companies in those respective countries also benefit from such a move. Nations as well as business organizations are able to explore new markets and therefore increase their output leading to economic growth. Economic globalization can also lead to exportation of technology that will aid production process by increasing the units production.
Globalization and global flows of culture have redefined the processes in which we share and connect to ourselves, others, and the world. From its onset, globalization had both proponents’ and critics; some believed that it leads to a rich, hybrid global culture. Others saw it as the west versus the rest, an imprint of Western values and ideologies upon the world’s rich and diverse cultures. In exploring global flows of culture, we can observe these major assumptions about globalization as well as its changing nature. New, ‘reverse’ cultural flows have begun to emerge and question these traditional assumptions. The case study of Japan’s ‘pink globalization’ is one such reverse flow.

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