ASSIGNMENT-1
OF
COMPARITIVE
GEOPOLITICAL
SYSTEMS

SUBMITTED BY:-

GLOBALIZATION:

Globalization is not a new word in the world of business and also to the common people. “As far as the definition of Globalization is concerned, there is no such single definition on which all the disciplines of study have agreed upon. One of the famous sociologists has defined globalization with 3 different concepts:” (1)

* Globalization as transference between the already defined items that may be in term of politics, culture or economics; * Globalization as transformation on system level; * Globalization as transcendence which affects the basic conditions of existence (Bartelson, 2000).

From financial point of view, Financial Globalization has strengthened the links between Banks and the financial markets. Banks which are well developed and have good credit have the main role to play in Financial Globalizations. (2)

Globalization also helps in boosting up of many activities like Foreign Direct Investment (FDI), Telecommunication Developments, and Cross Border Trade activities and also in technologies sector.(1).

ARGUMENTS IN THE FAVOUR OF GLOBALIZATION:

1. ELIMINATED COMMUNICATION BARRIERS: Few years ago it was almost impossible for the people who belong to different countries and also culture to communicate with each other. But now day’s one person who is living in one corner of the world can communicate to the other person living in other part of the world within second’s .All of this became possible with the help of globalization.

2. INCREASE EMPLOYMENT OPPORTUNITIES: According to our point of view this is the strongest positive effect of the globalization. Every year many successful industries are moving to the developing and under developing countries and due to this many people of these countries gets job opportunity who have talent and