Globilization

In: Science

Submitted By 1eilish
Words 296
Pages 2
Globalization
Western Governors University

Globalization is talking about the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.
Two non-Western countries that have been impacted by globalization are India and China. India opened its doors to globalization during the 1990's following an economic crisis in which the country almost defaulted on loans (Balakrishnan, n.d.). Before globalization India purposely isolated itself from world markets and was in a state of economic stagnation (Nayar, 2007). This stagnation left the country in profound poverty with no industrial growth. The people of India faced other challenges as well such as illiteracy, government corruption, and malnutrition (Wikipedia, 2013). In the years since globalization industrial growth has occurred at a rate of about 6.5 percent that has thwarted any reoccurrence of economic decline and a poverty rate at 26 percent that had previously been 55 percent (Nayar, 2007). China too, has benefited from globalization. In 1978, Deng Xiaoping established leadership of China. Unlike Mao Zedong, Xiaoping embraced globalization and demanded economic change that he believed would ensure the safety of communist rule (Yahuda, 2003). Like India, the people of China lived in poverty before globalization occurred. In the 20 years since that time China has experienced a growth rate of over 9 percent and has become the 5th largest trading nation and has the 6th largest economy with millions of people no longer living in poverty (Piexin, 2003).
The globalization of China was brought about after the end of the Cultural Revolution that had kept China isolated from the world in…...

Similar Documents

Social Life

...technologies allow the formation of new forms of social organization and social interaction along electronically based information networks.” (http://www.jstor.org/stable/2655234) It is a variable in a compound factor in the history of society. The second dimension of social change is globalization. It has become identified with a number of trends, such as the “technological, organizational, and institutional capacity of the core components of a given system.” (http://www.jstor.org/stable/2655234) Globalization is the flow of social change. It refers to the “rapidly developing and ever-densening network of interconnections and interdependences that characterize modem social life.” (http://www.pacificdiscovery.org/credit/SEAreadings/Globilization%20and%20Culture%20-%20Tomlinson,%20John.pdf) Globalisation suggests “a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange.” (http://www.academia.edu/531131/Tracking_Global_Flows) It’s clear that globalisation is a social change; it’s an increase in connections among societies and their elements. The third dimension of social change is an electronic hypertext. Through this electronic hypertext there have been tremendous changes technologically and culturally, communications have advanced dramatically and, socially the changes have been just as remarkable. The internet as an example has become a far greater tool for social change than people originally imagined. With the......

Words: 655 - Pages: 3

Globalization

... Maastricht, The Netherlands, October 1996. Bhalla, A.S.(ed.) (1992) Small and Medium Enterprises: technology Policies and Options. London: Intermediate Technology Publications. Bhata, A. (1999) ‘The Status of Ethiopian local content development: An Overview of Ethiopian websites’ [UNECA] Brown, M.M. (1998) Speech at the Virtual Commonwealth Dialogue Session, Multimedia Asia 1998 Conference [quoted in R. Sani (1998) ‘Of opportunities and Challenges’, New Straits Times, 1 Oct. 1998, Kuala Lumpur, Malaysia] Callaghy, T. and J. Ravenhill (eds.)(1993), Hemmed In: Responses to Africa’s Economic Decline. New York: Columbia University Press Castells, M. (1998) The End of Millennium. Vol. 3, Cambridge, Mass : Blackwell Cogburn, D.L. (1998) ‘Globilization and State Autonomy in the Information Age: Telecommunications Sector restructuring in South Africa’, Journal of International Affairs, Vol. 51, Issue 2, pp. 583-604 Connors, M (1997) The race to the Intelligent State: Charting the Global Information Economy into the 21st Century. Oxford: Capstone Cox, K., (1997) (ed.) Spaces of Globalization: Reasserting the Power of the Local. New York: The Guilford Press Dosi, G. (1984) Technical Change and Industrial Transformation. London: Macmillan Drucker, P. F. (1970) Technology Management and Society. London: Heinemann Derrick L. Cogburn and Catherine Nyaki Adeya 36 Eger, J. (1996) ‘Asia in the Global Information Economy: The Rise of Region States, the Role of Telecommunications’.......

Words: 24263 - Pages: 98

Globilization

...Term Paper On GLOBALIZATION AND ITS IMPACTS ON BANGLADESH [pic] Prepared for: Dr. Nurul Islam Supervisor Department of Management Govt. Titumir College, Dhaka Prepared by: Mafia Bhuiyan Class Roll No : 547 Exam Roll No : 9613176 Registration No : 1632581 Session : 2009-2010 Department of Management Govt. Titumir College, Dhaka Date of Submission: March 7, 2013 Letter of Transmittal Dr. Nurul Islam Supervisor Department of Management Govt. Titumir College, Dhaka Subject: Submission of Term Paper. Dear Sir, We have the pleasure to present the report on “Globalization and its Impacts in Bangladesh.” This report is done to find out the concept of globalization and its effects on different sectors of Bangladesh and on its peoples’ life. It is conducted by our group under your supervisory advises. We offer you thank to allow us to do such job. To prepare this report, we have tried to devote our best effort and conducted extensive literature review to find out the study relevant materials. We sincerely hope and believe that our report will secure your approval and serve its purpose. During the process of preparation due to various constrains there may be some mistakes. However, we apologize for all those and beg your kind consideration in this regard. Finally, we hope that you would be kind enough to receive this report and bless us hearty. Thank you Sincerely Yours, …………………… Mafia Bhuiyan Class......

Words: 10348 - Pages: 42

Globilization and Women

...What really motivates people? What is it that makes human beings continually want to better themselves? Is it for social acceptance? Is it to ensure financial gain or security? Could wanting to be hailed as an ‘intellectual’ be a reason? The true answer is all of the above and MORE! Each and every one of us possess some sort of personal ‘drive’ that could arguably be something we are born with or as a result of a life event or circumstance. Sometimes it takes certain experiences for us to ‘fine tune’ our ambitions. Luckily, as we age we also mature and with maturity comes wisdom. Many people may realize that they aren’t moving forward in their lives and perhaps are also not meeting their individual goals … thus, they make yet another huge life decision to educate themselves. In the long run, no one knows what to expect upon entering college whether it’s done right after high school when one is expected to “be in the learning mode” or many years later say sometime between the onset of menopause and before senility sets in! With so much diversity and so many individual personalities, it has to be very difficult for an educator to adapt, as well. It is not possible for teachers to know what is going on in the mind of all of the faces staring at him/her nor the reason there are taking this certain class, their intellectual ability, educational goal, or where the student has already traveled in life....

Words: 253 - Pages: 2

Globilization of Businesses

...Table of Contents Section A. 2 Executive Summary 2 1. What are the capabilities of the XO laptop (especially the latest version, XO-4)? How well-suited is this machine for developing countries? 2 2. How the XO laptop narrows the global digital divide and the potential impact of this machine compared to that of cell phones in developing countries? 4 Section B 5 1. Major factors driving internationalization of businesses. 5 2. Alternative strategies for developing global business 6 3. Using information systems to support different global business strategies. 7 4. Challenges posed by global information systems and management solutions. 8 5. What are the issues and technical alternatives to be considered when developing international information systems? 10 References. 13 Section A. Executive Summary This document aims to explain the system design and hardware blueprint of the XO-4 laptop. While the capabilities of the XO-4 are similar to a regular laptop, it was designed for elementary school children. The primary goal of the hardware design is low-power operation, and for extensive use in developing countries or rural areas where access to classrooms are not always available. 1. What are the capabilities of the XO laptop (especially the latest version, XO-4)? How well-suited is this machine for developing countries? According to wiki.laptop, (2013) the XO-4 are different to other laptops as all components except the keyboard and......

Words: 4474 - Pages: 18

Strategic Management & Globilization

...Strategic management and Globalization Robert Dutter BUS 260 - PRINCIPLES OF MANAGEMENT Dr. Batiste 09/17/2014 Strategy can be traced back to 500 BC in the Sun Tzu’s The Art of War. In fact until the 1940s, strategy was primarily used for the military. Leaders in the military have been using strategy to have an attacking strategy, and also with a counter offense for the purpose of defeating the enemy. The word strategy comes from the Greek word strategia and entered the English vocabulary in 1688 as strategie. Today strategy has been formed into five phases. These phases include the basic financial planning, the long-range planning, the strategic planning, the strategic management and the two complex systems, which include complex static systems and the complex dynamic systems. This is an on going system and changes every day like Globalization. Globalization refers to the quickening pace of international trade and the steadily increasing reliance of individual economics on each other. When companies use strategic management they have to keep in mind what globalization is and how it can help them with strategy. Globalization is the growth of trade and investment accompanied by the growth in international businesses, and the integration of economies around the world. Managers must know that markets, supplies, investors, locations, partners, and competitors can be anywhere in the world. Successful businesses managers will take advantage of......

Words: 744 - Pages: 3

Argumentive Globilization Paper

...Globalization is a term that has been around since man started trading with different parts of the world. The definition for globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. It is the trade between nations, resulting in an interconnectedness and integration of the economies of the world. The United States is constantly striving for economic growth. (Premise 1) As the economy grows it creates more jobs, causes the housing market to be productive and enables people to spend more money which continues the building of the economy. (Conclusion 1) Globalization has so many purposes and benefits that result in not just a few to benefit, but it causes everyone to benefit. Globalization is good for business because of the cheaper production cost and it helps businesses sell their products to consumers all over the world. A business can go to other countries like China, India, Brazil, Mexico, and a number of other places for cheaper production cost. (Premise 2) By doing business with these other countries at their cheaper rates, this benefits the business and the employees in these countries. It saves the business in the U.S. money by cutting cost. The employees work at a cheaper salary than they would here in the U.S. and the business can hire more employees, which will produce their products at a faster rate. (Conclusion 2) Because of the quick response time in production and delivery that these other countries......

Words: 394 - Pages: 2

Globilization

...Behavioral Sciences ! ! ! ! ! ! ! Behavioral Sciences! Task 1: Anthropology! July 20, 2014! ! ! ! ! ! ! 1 Behavioral Sciences Globalization is not a new concept. It is a historical phenomenon that has been going on since ancient civilizations began to expand their territories. Globalization can be defined as the free movement of goods, services and people across the world in a seamless and integrated manner. (managementstudyguide.com, 2013) In this paper I will discuss two different examples of how native non western cultures have been impacted by globalization.! A. ! I chose to discuss the impact that a major food chain ,McDonalds, has had on the culture in China. McDonalds appeared in China in 1990, at this time there weren't many western food restaurants. (Griffith, 2008) The income level was low, but McDonalds set its prices relatively high, establishing itself as a high end restaurant. White collar workers chose to dine there, thus making McDonalds a fashionable hot spot. McDonalds is also very geared towards children. Due to the one child policy in China, parents dote and at times give in excess to their child, making McDonalds very successful. McDonald’s high prices made dinning there for the average Chinese citizen a luxury, and was valued as a special occasion. ! I chose to discuss the impact of Christianity on Africa for my second topic. The traditional African society believed in the existence of many Gods, where all objects...

Words: 948 - Pages: 4

Globilization

...Globalization Argumentative Paper R. David Alm 10/20/2015 Jennifer Stephens Globalization Argumentative Paper The term globalization based on business ideas can be defined as the process of extending to other parts of the world to develop an increasingly integrated global economy by utilizing free trade, free flow of capital, and the tapping of cheaper foreign labor markets.   Globalization can be good for business in that it makes operating in foreign markets more efficient.   When mentioning the term good, it1 can be defined as having profit, advantage or benefit.   Therefore, globalization is good for business in that it benefits the organization by increasing profit in other world markets. (1, Premise) By operating on an open market, businesses can communicate more efficiently and effectively with their customers and suppliers.   This will allow businesses to better manage their supplies, inventories, and their distribution networks.   Businesses can now market and sell their products with ease and on the same schedule as they would in their home country.   (1, Conclusion) Globalization allows businesses to do better business in foreign countries by being able to market and sell their products by using free trade and the free flow of capital. (2, Premise) Another advantage of globalizing a business is that we can outsource products to other countries to make.   Production of these products will be of similar quality but cheaper to make.   It will help boost......

Words: 384 - Pages: 2