What is globalization? Reasons for enhanced pace of globalization and its advantages and disadvantages

Word Count : 1082

---

Globalization refers to the process through which countries, economies, societies, and cultures become interconnected and interdependent on a global scale. It involves the flow of goods, services, capital, technology, information, and people across international borders, leading to an increased integration of markets, communication systems, and cultural exchanges. The phenomenon is driven by economic, technological, political, and social factors, and it has transformed the way nations interact and how individuals perceive the world. In the context of sustainable development and smart cities, globalization plays a significant role in shaping urban planning, resource management, and technological adoption to create more resilient and environmentally conscious urban environments. One of the primary reasons for the enhanced pace of globalization is technological advancement. The development of the internet, digital communication platforms, and transportation innovations has drastically reduced the barriers of distance and time, making international trade and communication faster and more efficient. For instance, smart cities leverage information and communication technology (ICT) to optimize energy consumption, traffic management, waste disposal, and public services, demonstrating the direct impact of technological globalization on urban development. High-speed internet, cloud computing, and Internet of Things (IoT) devices enable cities to collect and analyze data in real time, facilitating informed decision-making that aligns with sustainable development goals. Economic liberalization and trade policies have also accelerated globalization. Countries increasingly adopt open market policies, reduce tariffs, and engage in bilateral and multilateral trade agreements to attract foreign investment and stimulate economic growth. This integration into the global economy allows smart cities to access advanced infrastructure, funding for sustainable projects, and innovative solutions from global partners. Multinational corporations and foreign direct investments introduce modern technologies, efficient business models, and green solutions, which can be incorporated into urban planning to reduce carbon footprints and promote environmental sustainability. Another significant reason is the rising interconnectedness of financial markets. The globalization of finance enables countries and cities to mobilize capital across borders for infrastructure projects, renewable energy initiatives, and smart city technologies. For example, global investments in solar and wind energy projects support sustainable urban development, ensuring that energy demands in growing metropolitan areas are met without over-reliance on non-renewable resources. Moreover, access to international funding _______ ____________ __________ __________ ___________ _____________ _______ ___ ___.
___ _____________ ___________ _______ ________ _____________ _____________.
_______ __ __________ ________ ____ __________.
___ __ ________ ___________ ________ ____________ _______ ______ __________ ____________.
____________ __ ______ ________ ___________ ___ _________ ___ _______.
____ ______ ____ ___ ____ ______ __ ________ _____________.
___ _____ ____________ __ __________ ________ ____ ___ _____ ______ ______ ___________ ___________ _____________ _________.
____ ___ __ ___ ______ ____.
____________ ___________ _________ _____ ___________ ___________ ________ ________ _____________ ____ _______ ________ ____ _____________ _____.
______ ___________ _____ ___ _____________ ____ _______ _____ _____________ __ ________ __________.
_______ __________ _____ _____ ____________ __________.
_________ ___ ________ _____ __ _________ _________ __ _________.
_______ ________ __ ______ ___________ ___ __ _______ ______ _____ ____________ ______ __.
_________ ________ ________ _______ ___ ________ _______ _________ __________.
_____________ ____________ __________ ___ _____ __ _____ ____________ ________ _____ ____________ ____ _______ ___________ ______.
__ ___________ __ ____ _________ ____ _________ _______.
_____________ _____________ ____ _______ _________ ____________ _______ ___________ ____ _____ _________ ________ __________ _____ ___________.
_____ ________ ________ __________ ______ _______ ________ _______ ___________ ___________ _________ _______ ____________ ______ _________.
_________ ________ _______ ________ ___ ______ _____ ________ ________.
_______ ___ ____ _____ ____________ ____________ ________ __________ ________ ____________ ___ ________ ___.
________ ________ ____ __________ _____ ____________ __________ _______ ________ ____.
______ _____ ____ _____________ _________ ____ ___________ __ _____ __ _____ __________ ___ _____ ___________.
___ _______ ___________ ___________ ____ _______ _________ _____ ________ ___.
______ _____________ ____________ _______ ____ ___________.
_________ ____________ ____________ ____ ________ ____________ ____ _________.
_____ _________ __ ________ ____ ___________ ___.
__________ ______ _____________ ______ ___ _________.
_____ _____________ _________ ___________ ____________ ____________ _________ ___________.
_____ ___________ _____ __________ _______ ___________ ___ _________ ___________ _______ __ ___ ______.
____ _____________ _________ __ __________ __________ _____ ______ ______ __ __ _____________ ____________ _____________ ________.
_____________ ________ ________ _____ _____ ________ ____ _______ ______ __ __________ ____________ __.
______ _________ ____ ___________ _____________ ____ ______ __ ____ ___________ ___ _____ _________ ______ _____________.
_________ ___ ________ _____________ ________ ____________ _____ _____________ ___________ _____ ___ ___________ ______ _________.
___ ___________ ___ __ ____________ ___________ ____.
__ ________ _____ ____ ___ _______ _____________ __ _______.
____ ____ ____ _________ __________ ___________ _______ _____ ____ ____ ____ _____ ____________.
__________ _____ _____________ ________ ___________ _____________ ________.
___ _______ _____________ ___ __ ________ _____ __.
_______ ____ ______ __________ ____ __________ _________ __ ___________ _____ _____________ ___ ______ ___.
___ __________ ________ ________ ____________ _____________.
________ ___ ____________ ____ _________ __________ ________ ___________ _________ _____ __________.
________ ______ __ _______ ________ _____________ _________ _________ ______.
__________ _______ ___________ ____________ _____ ________ ____________ ________ _____________.
________ ______ _________ _____ ______ _____________ _______ ___.
___ ________ __ ___________ ______ ______ ________ __ ___________ __________ _______ __ ____________ _______.
__ _____________ __ ___________ ________ _______ ___.
____________ _____ __________ ___________ ___________ _____ ____ _____________ _____.
__ ___ __________ __ __ ____ ___ ________.
______ _______ _____________ __ ____ ________ _____________ ____________ ____________ ________ ______ __.
_____ __ __________ ___ _____________ ___________ _________ __ ____________ ____________ ___________.
________ ________ ________ __________ ____ ______ ___ __ ___________ __ ___________ _____________ ______.
___ __ ________ ______ ___________ __________ _______ ________ ______ _______ __________ __ __________ ______ ______.
_____ ____ __ ___________ _________ ____ ______.
__ _____________ ____ ______ ____________ __ _______ _____________ ____ _______ ___________ ________ ____ ___________ ___.
__ ____________ ___________ ________ _______ ___ ___ ___ _________ ____.
___________ _____________ ________ ______ _______ _______ ____ __________ __.
_____ _____ __________ ________ ___ __________ ____ ____ ________ ________ ________.
__ __________ ______ __ ___________ ____ ________ __ _____________ _________ ___________.
__ _______ ____ _________ __ _________ ____________ _____ ____ __________ __________ ____________ __________ ______.
___________ _________ __________ ________ _________ ___ ____ __________ _______.
____________ ____ _____ _____________ ________ _________ _____ _____ _____________ _______ _____________ _______ _____________ _________.
_________ _________ ___ ____________ __ ________ ___________ ____ __ __________ ____ _____ _______ _____.
_____________ ____ __ __ ___ ________ __________ ___ __ _____________ __________ ___ _________ ____________ _________.
________ ______ ____________ _________ _______ ____________.
_____ ________ _________ __________ ___________ _____ ___________ __________ _____ ___ ______ _____________ _______ _________.
___________ ________ _____________ __________ ___ ______ ____________.
_____ ___________ ____ __________ ________ __.
____ _______ __________ ______ __________ _____________ _____.
__ ____ ___ ____________ __ ____________ ________ _____.
_________ _____ ___________ _____ _______.
Click Here to Order Full Assignment on WhatsApp

Degree : MASTER DEGREE PROGRAMMES
Course Name : Master of Arts (Urban Studies)
Course Code : MAUS
Subject Name : Sustainable Development and Smart Cities
Subject Code : MEDS -048
Year : 2024 2025