Globalization Spread The Happiness Essay Example | Topics and Well Written Essays - 1500 words

globalisation Spread The Happiness - Essay Exampleame time it should be noted that globalisation has caused more problems in America than in any other countries in the form of sparing crisis or recession. At the akin time heavily populated countries like India, China, Brazil, Russia, Mexico etc have developed a lot after the psychiatric hospital of globalization. In fact China is the number one exploiter of globalization at present make up though it was reluctant in introducing globalization principles in its territories at the beginning. Supporters of globalization atomic number 18 of the view that globalization benefits the world with the promotion of such ideals as human rights, democracy, and freedom and that it enhances the prosperity of the world through free trade, free investment and better technology. This paper argues that globalization brings happiness in the world and its drawbacks are negligible considering its advantages. Even though there are many reasons for s upporting globalization, this paper limits its focus merely to the economic, political and cultural benefits of globalization.Holst (2007) has pointed out that economic interpretations of globalization cantered around three forms of capital financial, productive and mercenary (Holst). Moreover, Dharam Ghai (1997) has pointed out that free market and private enterprise were the principal mechanisms for promoting economic activities in the sphere of economic globalization (Ghai, p.1). Cross cultural business have been increased a lot as a result of globalization. Imports and exports between different countries were also increased because of the liberalized rules implemented in many countries as lineament of globalization. Earlier, it was difficult for a company to establish a business unit in overseas countries. However, at present, many countries started to liberalize their rules for attracting foreign direct investment because of the late awareness that external capital is unden iable to the economic development of a country.This is an era of