REACTION PAPER
Name: Berunio, Jenny Vive P Date: November 11, 2021
Section: BSBAHRM 1-3 Teacher: Prof. Eric Lazarte
GLOBALIZATION
by: Manfred Steger
Mr. Steger is a professor of political science at the University of
Hawai'i-Manoa and the Dean of Social Sciences' Senior Advisor on
International Education and Globalization. Globalization: A Very Short
Introduction is his most popular book. According to him, globalization refers
to the expansion and intensification of social relations and consciousness
across world-time and world-space. It is a multi-dimensional phenomenon
involving economics, politics, culture, ideology, environment, and
technology. Globalization can be described in various of ways, but in my
own interpretation of Steger's work, it is the process of a business, service,
or technology growing, developing, and expanding globally. It is the
international expansion of numerous firms into worldwide marketplaces.
Globalization has evolved at a breathtaking pace in the
previous few decades, resulting in economic, social, political, and cultural
integration all over the world due to advances in technology,
telecommunications, transportation, and among other things. Globalization
has both advantages and disadvantages, nonetheless, I believe that for the
most part, it has been beneficial to the world and its people.
Globalization has had a significant positive impact on global
economies in a variety of ways. Unbelievable advances in science and
technology have provided organizations with incredible opportunities to
expand across geographical boundaries. Companies have experienced
tremendous economic growth as a result of globalization. They were more
productive, resulting in a more competitive society. Successful developed-
country companies are creating foreign branches to take advantage of
lower-cost manpower than in their own countries. The development of
McDonald's restaurants around the world is the most common and clear
example of globalization. Because of its efficient approach of adapting the
culture of different countries in its menus to fit local tastes, it became so
popular in the global marketplaces. We can refer to it as
internationalization, which is a great combination of globalization and
