Globalisation and its effects on society Essay Example

on a global scale (Steger, 2003). Anthony Giddens succinctly described this as "Globalization can thus be defined as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa" (Giddens, 1990: 64).

The final definition acknowledges not only the objective aspects of globalization mentioned earlier but also incorporates the subjective involvement of the individual. As a result, when individuals become aware of these new social processes and the existence of the 'global village', it gradually alters both cultural and personal identities, as well as the way in which interaction takes place with the world at large (Steger, 2003).

The promotion of 'Free Trade' is a key aspect of globalization within capitalist societies. The goal is to maximize profits while minimizing production costs. This concept has allowed Transnational Corporations (TNCs) to relocate their production and industries to locations with lower human and technical costs.

The authorities assert that this form of manufacturing is advantageous in providing jobs for emerging economies and manufacturing goods at a reduced price for customers. Nonetheless, it's crucial to recognize that global capitalism doesn't always yield positive outcomes. Industries in the UK such as steel, shipbuilding, and textile have been profoundly affected due to this shift, leading to considerable implications on both the economy and employment sector (Marsh and Keating, 1996).

The rise of globalization and the ensuing competition has resulted in employment decline in Britain and Western Europe. Numerous factories are unable to compete as more affordable products are manufactured elsewhere around the globe (Frieden, 2007).

The 'Dr Martens' shoe manufacturing shift to Guangdong, China was motivated

by the need to increase profit margins. Consequently, workers in China receive much lower salaries than their Nottingham peers, causing a job loss of about a thousand people. Similarly, B and Q, renowned for its DIY stores, relocated the production of approximately one billion pounds worth of electronic equipment and garden furniture from the UK to Guangdong.

The UK is the most significant financial contributor from Europe to China, bolstering the Chinese economy while potentially undermining its own. Every pound directed towards China or any other country decreases the potential for investment within Britain (Marsh and Keating, 1996). A critical review of this essay and its main points indicates that globalization is a contentious subject. People's views on it can vary widely, either in favor or opposition, based on their personal circumstances.

International competition has undeniably brought about benefits like enhanced living standards and improved opportunities for life to numerous underdeveloped and third world nations. Yet, it's important to recognize that this situation has also led to joblessness and unstable circumstances for several people. The unceasing quest for profit in global capitalism often neglects the significance of an individual.