...What are the Characteristics of globalization? Arvind Kumar The main features of globalization are stated below. 1. Liberalisation: The freedom of the industrialist/businessman to establish industry, trade or commerce either in his country or abroad; free exchange of capital, goods, service and technologies between countries; 2. Free Trade: Free trade between countries; absence of excessive governmental control over trade; 3. Globalization of Economic Activities: Control of economic activities by domestic market and international market; coordination of national economy and world economy; 4. Connectivity: Localities being connected with the world by breaking national boundaries; forging of links between one society and another, and between one country and another through international transmission of knowledge, literature, technology, culture and information. 5. Borderless Globe: Breaking of national barriers and creation of inter- connectedness; the ideal of 'borderless globe' articulated by Kenichi Ohmae. 6. A Composite Process: Integration of nation-states across the world by common economic, commercial, political, cultural and technological ties; creation of a new world order with no national boundaries; 7. A Multi-dimensional Process: Economically, it means opening up of national market, free trade and commerce among nations, and integration of national economies with the world economy. Politically, it means limited powers and functions of state, more...
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...Globalization What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization is defined as a shift towards an integrated world economy (Hill, 2009). Globalization can be explained in many ways, one is the globalization of production. For example, computer hardware or software, cell phones, food, and music are all products that are distributed globally. Globalization is the process in which economies of countries all over the globe become integrated over time leading to organizations having access to a larger market base and customers having access to a greater variety of goods and services. Globalization is also a method of communication and integration among the consumers, organizations, and governments of different nations, which is driven by international trade and investment and assisted by information technology. This process has effects on the environment, culture, political systems, economic development, and on human nature in societies around the world. Supporting the concept of globalization are several traditional international trade theories, including Free Trade, New Trade, and Mercantilism. List the major drivers of globalization and give three examples of each. Several drivers underline the continued trend of globalization in today’s popular culture. The first is the decline in barriers to the free flow of goods, services, and capital (Hill, 2009). Companies...
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...Since 1993 Americans have faced new forms of globalization, new technologies, and new modes of warfare. President Bill Clinton was one of the presidents that had to deal with the challenges facing the post-Cold War world. He incorporated globalization as the key to economic prosperity and showed his eagerness to promote and defend the U.S national security. As globalization impacted the nation by bringing new opportunities and posing additional challenges. It promoted international cooperation and free trade among nations. However, globalization brought many problems like rapid industrialization, water pollution, climate change, and the destruction of primeval forests. Globalization thrust American business outward, bringing a new population of immigrants to the United States. Immigration also made an impact on the American Society since 9/11. Since the passage of the Immigration Act of 1965, which repealed discriminatory as the country experience a wave of immigration comparable to the turn of...
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...Globalization can best be described as an increased interaction between worldwide companies due to advancements in technology, communication, and transportation. Globalization is said to increase free trade which increases economic growth in the US. Globalization also provides for less fortunate countries and gives them the chance to prosper economically. Globalization enables goods to be produced in different parts of the world making it cheaper to buy, and provides the US with more products, this also makes consumers of the products happier because they are able to spend less on products and end up saving...
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...The basic liberal argument in support of globalization is that it is the most efficient way of going about organizing production by producing what the consumer wants. The liberal argument show that openness in trade and capital flows can lead to higher growth and standard living. Thus it should help poorer countries to gain access to markets in developed countries Some of the limitation of this argument is that it may not promote fairness between countries. “International economic integration, on the liberal view, is what happens when technology allows people to pursue their own goals and they are given the liberty to do so. If technology advances to the point where it supports trade across borders, and if people then choose to trade across borders, you have integration, and because people have freely chosen it this is a good thing. Also, again because people have freely chosenthis course, you would expect there to be economic benefits as well” (Cook, 2001).“All kinds of qualifications and elaborations are needed to fill out the argument properly. The liberal case for globalization is emphatically not the case for domestic or international lassie faire. Liberalism lays down no certainties about the requirements of social justice in terms of income redistribution or the extent of the welfare state. It recognizes that markets have their limits, for instance in tending to the supply of public goods (such as a clean environment). A liberal outlook is consistent with support for...
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...3. To what extent is globalization dependent upon standardization? What are the implications? During the last few decades, it is clear that many companies have an international orientation to their business activity. Many companies do business domestically, but they place a main concern on international markets also. Those companies apply international marketing strategies which fulfill the company’s needs, while at the same time satisfying clients in various markets. Business environment is characterized by regular change and unending long-term processes of globalization of the economy. Rushing economic development in recent years led to constant increase in competition within the local market and in foreign markets. Lithuania contains various industrial companies with a highly concentrated production, which try to establish and strengthen their situation in foreign markets. International business has become essential for a large number of companies in Lithuania, which has improved by the processes of globalization and by the growth of international competition. Entering European Union had a pro-found effect on companies in Lithuania. International marketing and its application represent a key part of successful corporate management of all international companies in Lithuania. Entering of a company into foreign markets demands an accurate decision making process, because there are many aspects that affect such an internationalization process. One of the most important decisions...
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...To what extent has globalization improved the lives of children and youth? Over the years globalization has spread and touched almost every person on the planet. It has shaped and influenced individuals and continues to do so to this day. The youth of our society is most influenced by globalization because of their interaction with the media and each other. Globalization is so influential in the world because it has the power to change people’s lives and change the way people think and interpret ideas. I think that globalization has had a positive effect on the children and youth in Canada because it has promoted positive thinking and positive actions in them. I think that globalization has influenced two main concepts in youth, firstly it has given them new and improved technology that can help them to communicate and interact with thousands of other kids around the world, and secondly, globalization has also improved education in youth which can help to widen and expand their minds. Globalization has helped children through various forms of technologies; communication technology is the major one that globalization influences. Technology has helped children to communicate and get to know children with different lifestyles, by doing this youth can learn and appreciate what they have and how they live. Globalization has allowed the younger generations to see the world more easily and be exposed to more cultures and ideas than ever before. With the influence of globalization...
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...In what ways, if any, has globalization transformed the phenomenon of terrorism? Introduction The idea of terrorism has not always been as it is today. The word “terror” originated after the French Revolution and the word “terrorism” was subsequently recorded by the Académie Française in 1798 (Roberts 2002). The regime of “la Terreur” was one of force and bloody repression against opponents to the newly born French Republic, but since the 19th century, terrorism has come to designate a method of opposition used by small groups (Tilly 2004, 8-9) “against the legitimacy of the prevailing sovereign power” (Scruton 2002, 126). As Barkawi (2006, 129) aptly puts across “‘terror’ is often used as a weapon by those who lack sufficient weapons to fight a military war, who believe their voices are not being heard and their desires bear no fruit”. Contrary to the French “terror”, “terrorism” is then no longer a practice of the State; it is that of radical groups opposing the State, and it is mainly the State that gives them this name (Townshend 2002, 3); the names these groups give themselves are in relation to a cause they see as legitimate. Such causes have arisen in numerous places, prompting some to take extreme but in their minds justified action, and Europe has faced terrorist threats long before the 9/11 attacks, incarnated by the Irish Republican Army (IRA), the Basque Fatherland and Liberty group (ETA) in Spain or the Red Brigades in Italy, to name only a few (Barkawi...
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...To what extent has globalization improved the lives of children and youth? To say that globalization has affected the lives of children and youth around the world would be an understatement. But with the growth over the years from globalization, many pros and cons have come out of it. The forthcoming of globalization has done wonders to developed countries, but not so much for underdeveloped countries. This is why I stand on a thin line between if it has improved the lives plenty, or not quite enough. Globalization has increased economic competition. With this producers try to provide goods and services of value at the lowest possible prices. To achieve such a goal, manufacturer’s hire youth and children. They force the youth and children to work in horrible conditions that are unsafe and threatening to their health. They take advantage of the children due to the fact that they talk themselves up, and the children and afraid to speak up for their rights. Most of these kids that are being used as cheap labor, will never have a chance to go to school to further their education and to be able to get higher paying and safer jobs. In accordance with the UN’s Convention on the Rights of the Child, it recognizes that “the child [a person under 18 years of age], for the full and harmonious development of his or her personality, should grow up in a family environment, in an atmosphere of happiness, love and understanding, …and in particular in the spirit of peace, dignity, tolerance...
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...To what extent has globalization had an impact on state sovereignty? Some suggest that nation state is still the dominant performer, other argue that state sovereignty is being undermined by non- state factors such as globalization. To answer to the question to what extent has the sovereignty of the nation-state been undermined by globalization, it is essential to look on the general definition of both terms. According to the more or less objective definition of globalization [there are many pessimistic and positive views of globalization], it is a term which illustrate the worldwide spread of influences of phenomena, such as culture, religion, language, transport, media, health concerns, technology and environmental concerns. Broadly speaking, state sovereignty is a supreme, absolute and uncontrollable power by which an independent state is governed without foreign interference. In this sense, internal aspect refers to the ultimate source of authority within a state. Basically, there are two dimensions of sovereignty in course of political sense, namely internal and external sovereignty. Internal sovereignty shows exclusive political control, where state government is the ultimate source of legal and political power. Externally, sovereignty means that other governments have no right to interfere in that state’s affairs. An example in the course of undermined external sovereignty can be present the UK, where sovereignty was compromised by European Union, Devolution, UN, WTO...
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...What You Should Know About Globalization and the World Trade Organization Case Analysis Alan V. Deardorff and Robert M. Stern If you look at the tag on your shirt, chances are you would see that it was made in a country other than the one in which you sit right now. What's more, before it reached your wardrobe, this shirt could have very well been made with Chinese cotton sewed by Thai hands, shipped across the Pacific on a French freighter crewed by Spaniards to a Los Angeles harbor. This international exchange is just one example of globalization, a process that has everything to do with geography. Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. McDonalds in Japan, French films being played in Minneapolis, and the United Nations, are all representations of globalization. In years past, people across the globe did not have the ability to communicate and could not interact without difficulty. Nowadays, a phone, instant message, fax, or video conference call can easily be used to connect people. Additionally, anyone with the funds can book a plane flight and show up half way across the world in a matter of hours. In short, the "friction of distance" is lessened, and the world begins to metaphorically shrink. A general increase in awareness, opportunity, and transportation technology has allowed for people to move about the world in search of a new home, a new job, or to...
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...Today’s present forces of globalization have had an unmistakable affect on the local newspapers. Larger companies in particular, are slowly overtaking local newspaper businesses in Canada. In 1990, 17.3% of daily newspapers were independently owned, whereas in 2005, the number had dropped to 1%. With such a drastic shift to the near monopoly of media conglomerates controlling the newspaper industry’s inevitable economic and political problems arise. Thus, governments should support local newspapers to the extent that it is economically reasonable. Resultantly, this action will lead to a diversified media economy, preservation of accurate local viewpoints, and the maintenance of ideological democracy in Canada without creating an unnecessary burden on the Canadian government. By supporting local newspapers with reasonable subventions, the competition between companies will increase. The existence of a free-market environment forces companies to produce quality newspapers instead of the stagnation brought upon by the “monopoly company mindset”. From an economic standpoint, the existence of multiple companies also allows for a leeway for failure. The bankruptcy of a media outlet that services a large portion of the population would be dangerous. Responsive government intervention to restore the company or substitute the newspaper would be an unnecessary cost. A further result would be the immediate limitation of the people’s “right to information”. As government is divided into...
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...Question: Outline the types of institutions which comprise the emerging global civil society. What is their potential for contributing to ‘globalization with a human face’? Essay Number: 707004 Word Count: 3491 I. Introduction While globalization processes have propelled the world into an era of shrinking borders, rapid technological advances and intensifying connectedness, global civil society has risen at an equally rapid pace. Though global civil society is not a new phenomenon, the realm has become increasingly compelling in light of the explosion of civil society institutions that constitute a truly global sphere (Falk, 2000). By 2002, more than 30,000 international nongovernmental organizations existed alongside more than 20,000 global civil society networks, ninety percent of which had emerged during the previous three decades (Edwards, 2002). As numbers continue to increase, the true estimate of global civil society institutions is likely in the millions (Matthews, 2003). The growth of global civil society in the era of globalization leads naturally to questions regarding the institutions included in this sector and their contributions to the processes of globalization. Consequently, this essay will review the institutions that comprise the emerging global civil society and critically assess their potential to promote ‘globalization with a human face’, as defined by the 1999 United Nations Human Development Report. Many global...
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...List of Contents 1. Background 3 2. Globalization Problems 4 3. Types of Globalization 5 3.1 Economical globalization 5 3.2 Political globalization 5 3.3 Social globalization 5 3.4 Cultural globalization 5 4. Pro or against globalization? 6 4.1 Advantages of globalization 6 4.2 Disadvantages of globalization 6 4.3 Institutes 6 5. Conclusion 7 6. Sources 7 1. Background Globalization is simply becoming world-wide or making it world-wide. It exists at a lot of places in different sizes. Globalization is to create a good world economy. This could be done by big multinational companies. The reason why I mention the multinationals is because of the influence that they (can) have on the economy worldwide. After all, the world trade plays the biggest part in it. However globalization and the free world trade don’t automatically mean that the well-being is divided all over the world. But where did it start? Who started it and why is it so important for the well being of the world? Well, the globalization existed during different levels/steps. People/companies with power from the past created our current globalize civilization. The first level was when the South conquered the North and applying economical structures. Consequences were the slavery. The second level was the colonization. The North plundered the South, recreated maps and set up one religion and forced their language to be the official language. The third level...
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...Globalization Worksheet 1 Globalization and You p. 1 Worksheet 1 Globalization and You Students study the Powerpoint file on “Globalization and You”, and then answer the questions below. Brand names 1. Do you know what 2. Have you ever 3. Where did you kind of products used these use such or services the products or products/services brand names services? If yes, ? provide? how many products or services have you used? Please give a in the boxes below. Disney Theme parks, movies, stationery, etc. Amazon Book purchase, etc. Microsoft Software, etc. McDonald’s Food, drinks, toys, etc. Going on the Internet, Yahoo searching for information, etc. Intel Computers, etc. Globalization Worksheet 1 Globalization and You p. 2 Brand names 1. Do you know what kind of products or services the brand names provide? 2. Have you ever used these products or services? If yes, how many products or services have you used? Please give a in the boxes below. 3. Where did you use such products/services ? Sony Stereos, T.V., computers, etc. HSBC Banking services, etc. CNN News information, etc. Coca Cola Drinks, products with company logos, etc. Nokia Mobile phones, etc. Nike Sports goods, sneakers, sports wear, etc. Levi’s Jeans, etc. Globalization Worksheet 1 Globalization and You p. 3 Brand names 1. Do you know what kind of products or services the brand...
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