Globalization and Environment Essay Example | Topics and Well Written Essays - 3250 words

Globalization and Environment - Essay Example The culture, trade, business, ethics and conduct of one group in one part of the world can influence others may or may not be of same nation. It is irrespective of the time and space and language bindings as these communications are in terms of trade, social internet forums. The process of globalization is therefore, an amalgamation of interaction and integration among different groups of people, various organizations and governments of different nations. This communication is supported by information technology (What is globalization). The interaction not only influences people and their welfare in terms of civilization, traditions, political structure, financial growth and affluences but also affects the environment as a whole (What is globalization). Gradually globalization has defined its terminologies in all aspects of human civilization by making the countries formulate to the policies for open economies both, domestically and internationally (What is globalization). With the implementation of free market economic systems, path is paved for mounting their own industrious potentials and creating multitude openings for international trade and investment. This served as an opportunity for the foreign markets, factories, production and marketing measures with people belonging to different parts of the world (What is globalization). These ... 2. Political Interaction 3. Information and Information Technology (IT) 4. Culture These are the various magnitudes of globalization affecting the natural, local, national and finally the global environment. It directly influences human development (Panayotou, 2000). An outline is drawn to study the globalization and the environment encompassing economic proportions of trade, investment and capital flows (Panayotou, 2000). It is evident that regardless of its mounting strength, the side-effects of globalization and economic trends are inadequately understood as these effects are not straight but are indirect. The growing concern for the environment and its protection has given least emphasis on the prevalence of inexorable globalization (Ehrenfeld, 2003). Globalization is multiplying with such a rapid pace that its consequences are being experienced by the smallest and secluded communities and natural areas may it be a developed or an undeveloped nation. It is evident that despite its insightful impact on the environment, globalization is going to have its say (Ehrenfeld, 2003). The present article therefore signifies the impact of globalization on the environment as a whole may it be natural, social, local, national and lastly global. Globalization has tremendously affected world in various different aspects 1. Industrial- it has provided the surface to the production market with an enhanced access to a wide variety of foreign products and therefore globalization has increased large number of customers for itself. This has helped in the movement of goods and materials between and within the national boundaries. 2. Financial- Globalization has opened the way to procure external financing opportunities to the