The Dichotomy Of Globalization And Cultural Diversity

The process by which people, companies, and governments of different nations interact and integrate with one another is defined as globalization. This process is driven by both international trade and investment, aided by technology. The effects go beyond business and finance, in fact, all aspects of culture, politics, the environment and the health of human beings is affected by globalization. (The Levin Institute, 2015) The paradoxical dichotomy of globalization and cultural diversity are, on one hand, globalization provides third world cultures, and nations in conflict, the potential to become empowered through interaction with stronger, more stable cultures. One the other hand, it can also lead to the disempowerment of people in weaker nations by stronger nations with negative influences and motives of colonization that will deprive the native cultures of their identity. There are positive and negative aspects of globalization, however, it is the driving force for innovation, cultural interaction and the prospect of building stronger cultural ties among world civilizations and furthering the development of human beings as individuals and whole societies. The wave of globalization in the twenty-first century is driven by immigration, international policies which have opened new economies, social and military conflicts and innovations in technology. Since the mid 1940’s, â€Å"many governments have adopted free-market economic systems, vastly increasing their ownShow MoreRelatedThe Emerging Trends or Challenges in the Management of Organizations3273 Words   |  14 Pagesuniversities also have industrial psychology and industrial economics programs. The field is highly influential in the business world. 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