Is Globalisation a Good Thing?

Is globalisation a blessing or a curse?

As linguists, we spend a lot of time worrying about the linguistic impact globalisation is having on our increasingly digital world. At the same time though, there’s so much more to globalisation than just language – which is what’s inspired us to take a look at globalisation as it fits into the bigger picture.

First of all, how about taking a look at the benefits of globalisation?

Improved standard of living

Globalisation has led to a significant rise in people’s standard of living. That’s not just in the western world, though. Continents like Africa have been able to completely bypass some of the hurdles that more developed countries faced earlier like poor Internet, landlines, etc. and go straight to smartphones and broadband.

Increased innovation

With the global market being opened up, it’s led to businesses competing for work with people from across the globe. What used to be a local quest to stay ahead has now turned global, which has forced entrepreneurs to innovate. Companies also have a pool of global talent to turn to, which means new ideas, and new ways of thinking.

Lowered costs for goods and services

This point is a bit of a blessing in disguise, as it depends on the way you look at it. For consumers, being able to order cheap goods from China, for example, has really made the global e-commerce sector thrive. Seen from a business perspective, though, this global pressure has taken its toll with many businesses forced to reduce their prices in order to stay competitive.

Access to foreign culture

As linguists and cultural enthusiasts, this is probably the most exciting benefit of globalisation! With cheap flights and suchlike, travelling has never been easier, which has meant that we’re able to take a dive into foreign cultures and experience them like never before.

Now…let’s move on to some of the other aspects of globalisation

Western dominance

While we guess this has always been the case, nowadays western dominance lacks the appeal it did hundreds of years ago. Smaller, developing nations are working frantically to build their economies up to compete with the west. Take Central/Eastern Europe for example. While still seen as post-communist countries, in fact, their infrastructure has overtaken the west in leaps and bounds.

Loss of cultural identity

This is a tricky point, as some people see this as a bad thing, while others see it as a fusion of different cultures. In the UK, our favourite national dish has now become chicken tikka masala, but is that necessarily a bad thing?

Threat of global monopolies

We’re living in a time where big companies are thriving, at the expense of smaller businesses. But is this all about to change? A change in consumer attitudes is pushing people to support small, local businesses rather than adding to the major profit multinationals seem to be stockpiling.

So, if you’re looking to take your company on a global adventure, get in touch, and we’ll be happy to help.

 

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