How Does Globalization Shape Everyone's Identity

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Should Globalization shape each and everyone's identity? To proceed we need an understanding of Globalization and Identity. Globalization is centralized around the idea of interaction and integration among groups and peoples from anywhere in the world. Examples of globalization include the internet, which actually is a major contribution to globalization. Identity is who or what a thing is, in this case who you are as a person. Identity of a person is the beliefs and qualities that would make up their image of society. Other ways identity can be expressed through the important things, like what you enjoy doing, the people you chose to include in your life and even your social media image. Your identity has been shaped by globalization in ways …show more content…
To show proof we will use an example, our example being India. India was first introduced to globalization in the later years of the twentieth century. The impacts since 1990 has tremendously been beneficial for India. Positive impacts included are economic, business, technology and agriculture. Economic wise, multilateral agreements in trade have set new agendas for ministers; the environment and social conditions in India. The country's growth in global markets allows people to execute trade services. With globalization, there has been growth in the economy, the GDP, and growth of exports. On the business side India is the third largest global telecom markets, it has grown from 0.3 million to over 250 million. The country is also the second largest wheeler market, fourth largest commercial vehicle market and the eleventh largest passenger car manufacturer. In the year 2015 India has added over 715 shopping malls. In 2010 12 Indian based businesses have gone global. Technology in India has also exponentially grown. In 1991 access to television grew from 20% (urban population) to 90% (urban population) in 2009. Facilitates in New Delhi have access to the internet in the majority of rural areas. On the agricultural spectrum, India has acquired 17% of India's GDP in 2008. Agriculture Scientists are applying new technologies and instruments in growing crops. 60% of populations still depend on agriculture for their …show more content…
Beginning, globalization has disadvantages, but overall is important to the economy. All economies face issues before, in one way or another globalization assisted with the struggling country's economy. One of the four impacts is the increase of more efficient markets. An efficient market is what everyone strikes for, a efficient market is set in terms of "beat the market.". Stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. Businesses can improve the way they produce a good by outsourcing certain processes, or buy from overseas suppliers that offer discount. With that, businesses lower their price, which results in increased demand. The businesses repeat the process and that will increase competition. This brings us to the next positive impact. Competition. Multiple producers compete for a hold of the economy, of course that is a good sign for consumers. Consumers being each and everyone in the planet. Global markets increase due to businesses venturing internationally. Than consumers have more options as it comes to a city near them. More competitors means a fight over market share, a fight over market share means each company has to look to improve their goods. In the end everyone is happy, consumers and producers get their products or produce for cheap and the producers nearly double their profits, resulting in surplus. Third benefit
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