Advantages and Disadvantages of Globalization on South Africa

Globalization is the shrinking of the world and the increased consciousness of the world as a whole. It is a term used to describe the changes in societies and the world economy that is a result of dramatically increased cross-border trade, investment, and cultural exchange. Globalization has been dominated by the nation-state, national economies, and national cultural identities. The new form of globalization is an interconnected world and global mass culture, often referred to as a global village. â€Å"(Bhagwati,2004).Globalization is perhaps the central concept of our age (Bhagwati, 2004). Developing country refers to the countries which are economicaly and technologically undeveloped.South Africa stands as a semi-sephere nation making†¦show more content†¦Its economy has been the centre of Africa and one of the strongest in the world and its economic realisation has been due to its effective and successfully eco integration with other parts of the world. The economic g rowth has been due to the global economy (Smith,2001). Politically, globalization has resulted in the affluent and efficient government system adapted through integration of political systems party which holds fair economies making the government of South Africa, accountable and durable to stable economies .For instance, ANC leaders chucked decades of rhetoric and opened the South African economy to the rest of the world (Smith,2001).From my own personal perspective and experience in a â€Å"global village†. Globalization has had positive impact in South Africa’s production of goods and services. For instance, the franchise of MacDonald’s has led to production aiming to maintain the global standard of the franchise producing standard global quality of production in South Africa (Ritzer,2000). Globalization has had a positive impact on the South African society .Myopic mindedness has been dealt away with and they have been set a more affluent and integration of ideas from different parts of the world which has helped the society in general. For instance the AIDS awareness has become a global theme and has encouraged South Africa to get more involved in its Aids awareness which has primarily not been as successful in the past and due to the integrationShow MoreRelatedPsci 140 Essay1016 Words   |  5 Pagesautomobiles) East Asia (South Korea, Taiwan, Singapore†¦) * Apartheid (South Africa) Racial segregation (legal justification) â€Å"Tribal homelands† Severe restrictions on freedom ! * Truth and Reconciliation Commission (South Africa) Heritages of Apartheid Truth and Reconciliation Commission (TRC) Unravel the truth using amnesty * Economic, political, and social globalization 1. International trade Foreign direct investment (FDI) Liberalization of labor Advantages? 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