Advantages of Globalization Term Paper by Jay Writtings LLC

Advantages of Globalization
An exploration of the ideology of globalization and the benefits it provides to both Western and Eastern corporations.
# 117756 | 2,812 words | 10 sources | MLA | 2009 | US
Published on Dec 18, 2009 in Business (International) , Asian Studies (General) , Economics (Globalization)

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The paper discusses Western ideals regarding the pursuit of money and enjoying a comfortable lifestyle but highlights the negative aspects money brings into people's lives. The paper then focuses on the Mittal Steel, the largest global steel company and presents a timeline of its growth. The paper also looks at other companies that have benefited from globalization such as Samsung Electronics, DaimlerChrysler and the Chinese company Acer. In addition, the paper discusses the number of high paying jobs being outsourced to India that have advanced its economy. The paper considers both the positives and negatives of globalization and concludes that Eastern corporations are beginning to benefit from globalization, and as long as one area of the world is not entirely dominant, globalization is something that can be good for all. The paper recommends that Eastern companies continue their attempt to break into the world market and create competition for American corporations.

Western Ideals and Why Globalization Exists
Mittal Steel Company
Mittal Steel Growth Timeline
Other Eastern Corporations

From the Paper:

"Globalization is a term that is used to describe a series of economic, political, and social changes that have occurred as technology has increased the interaction between countries at various points on the globe. It has created a world where different countries rely on other for different things, based on supply and demand, all in the name of creating wealth for multination corporations because they are able to market their products globally. While the main benefactors thus far have been western countries that were not under the grip of Communism for the better part of the 21st Century, there are corporations developing in other countries that have begun to aggressively assert themselves in the global economy in an attempt to further their own monetary interests. What this means is that while the ideology of globalization used to only benefit a few countries, it is now benefiting many more and that is allowing for globalization to be accepted in many more places than it was previously."

Sample of Sources Used:

  • "About Acer". Overview. viewed 17 July 2006.
  • "Biography of Bill Gates". Microsoft Corporation. 2006. March 8, 2006.
  • "Company at a Glance". DaimlerChrysler. viewed 14 July 2006.
  • "Financial Snapshots". Investor Relations. viewed 17 July 2006.
  • Kripalani, Manjeet and Engardio, Pete. "The Rise Of India: Growth is only just starting, but the country's brainpower is already reshaping Corporate America". Business Week. 8 Dec. 2003. Viewed 17 July 2006.

Cite this Term Paper:

APA Format

Advantages of Globalization (2009, December 18) Retrieved April 14, 2021, from

MLA Format

"Advantages of Globalization" 18 December 2009. Web. 14 April. 2021. <>