Welcome to our first guide, i.e. 10 facts for classification essay on globalization, where you would be looking at 10 facts related to globalization. These facts would become the founding stones of your writing. You’ll use them throughout your classification essay to endorse your content with more knowledge. So make sure you go through them quickly, as you can use them not only to create compelling topics related to globalization, but also expand on them to create full blown essays.
As you might know that this manual for writing a classification essay on globalization is based on three guidelines.
All of them should be read first before you start writing. We urge you not to skip or skim through the guidelines. Reading them thoroughly will ensure that you have actually composed a well-written classification essay on globalization.
All of these guidelines would not only help you to write the essay quickly and effectively, but it will also help you to make it exemplary so your professor or instructor can admire your hard work.
Here is what you’ll learn in our second and third guidelines, respectively:
Our second guide, 20 classification essay topics on globalization, discusses 20 topics that are relevant to globalization. These topics allow you to start writing on any one of them. We have also provided a short sample essay that would become your best friend throughout the journey of writing your classification essay.
Finally, we have discussed the how-to of the composition of classification essay in our third guide, Writing Guide for Classification Essay on Globalization, which is very informative and beneficial for you to read. By reading this guide, you will know the tips and techniques that can beautify your composition and make your essay sublime.
With that said, here are the 10 facts on globalization that you need to know:
- Businesses and organizations have evolved into more productive and innovative firms. But how far can a firm really reach? According to experts, if a business or an organization starts having a global presence, an international influence or operates on an international level — it is known as globalization. This is by far, the peak of the mountain for businesses and organizations. Microsoft is one of the greatest examples.
- According to a study, which was conducted on the rate of GDP aka gross domestic product, it was found that a 1% increase in globalization led to the GDP growth of 0.10-0.15% which can be in billions of dollars.
- According to a research, conducted during the period of 1990 to 2012, it was concluded that the value of cross-border goods exchange increased drastically. In 1990, the flow of goods was about 6% of all global trade, whereas in 2012, it was about 24%.
- Do you know why Chinese currency is so undervalued? You’ll be shocked to read this but it’s a fact that the Chinese Government undervalues its currency willingly. In fact, they undervalue it by 40%. This is because it allows them to gain advantage over their foreign competitors, mainly the United States of America. The rivalry between Samsung and Apple is self-explainable. Globally, Samsung has thrived far more than Apple. Many American businesses have gone out-of-business due to this strategy that China plays.
- Silicon Valley is the place with the highest impact of foreign entrepreneurs. These entrepreneurs, who came from abroad, have founded more than 40% of technology and engineering start-ups in just 6 years i.e. from 2006 to 2012 making Silicon Valley the biggest home of entrepreneurs, most of whom are successful today.
- Singapore owns the more regional head offices than the entire world. If you exclude China from the picture then Singapore alone has more than half of all large foreign subsidiaries that emerge from Asia.
- Globalization started right after Cold War ended. People, from all around the world, mainly politicians and scholars, took notice that there is a high need for countries to make peace and unite. From there, the phenomenon, we call Globalization, was born as countries joined hand to exchange technology and improve quality of education.
- Internet has become the sensation for billions of people around the world. But it also become one of the biggest tools to unite the world together, what we originally call globalization. It not only affected societies, religions, cultures, but also improved the economy of countries who took part in it. In a 2013 study, it was found that international e-commerce scored more than $1.2 trillion sales, which is nearly 2% of the world’s GDP.
- Globalization has helped business gain traffic on the internet as well. For example, the website of NBA earned 54% of the traffic from international visitors. This is why most multinational companies prefer to invest in web localization, so they can reach potential audience that is almost as half of what they have reached in the United States. John Yunk, author of Beyond Borders: Web Globalization Strategies, has stated that for multi-national companies, their growth comes from the international traffic.
- According to a 25-page long white paper, “Dreaming with BRICs: The Path to 2050, which came from Goldman Sachs, four countries can have a higher GDP than United States, United Kingdom, France, Italy, Japan and Germany. These countries are: Brazil, Russia, India and China (BRIC). The white paper shows that India has the highest chance to have the biggest GDP by 2040 and Brazil, China and Russia will follow that increment respectively. If that happens, it will cause the world to change dramatically.
There you have it! We are certain that these 10 facts have helped you get familiar with what globalization really is and what it does to the world. Since we covered up the facts, it’s time we move onto the next guideline i.e. 20 classification essay topics on globalization. After that, we are going to discuss the how-to of classification essays in our third guide i.e. writing guide for classification essay on globalization, so without further ado, let’s head to the second guideline.
- Kerkelä, L. (2008): Trade and Aid Policies: Their Impact on Economic Development in Mozambique, an earlier version of the paper published at 10 The Annual Conference on Global Economic (Conference Proceedings, authors: Pertti Haaparanta and Leena Kerkelä)
- Rüttimann, B. 2007. Modeling Economic Globalization. A Post-Neoclassic View on Foreign Trade and Competition. Münster: Verlagshaus Monsenstein und Vannerdat.
- Hirst, P., Thompson, G., & Bromley, S. (2015). Globalization in question. John Wiley & Sons.
- Scholte, J. A. (2005). Globalization: A critical introduction. Palgrave Macmillan.
- Beck, U. (2015). What is globalization?. John Wiley & Sons.
- Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2012). Strategic management cases: competitiveness and globalization. Cengage Learning.
- Bhagwati, J. (2007). In defense of globalization: With a new afterword. Oxford University Press.