...Globalization is necessary in the world. Different theories on the concept of globalization provide distinct reasons on the need for globalization. The world’s advancements and technology help drive the need for globalization. Communities and organizations alike are affected by globalization, and smaller countries benefit from the generosity of larger participants in the world’s market. Globalization, in the business sense, is to make a product or service available in the global market. Any investment that is across national borders is also part of globalization.... [tags: Business International Globalization] 1326 words (3.8 pages) $6.95 [preview] The Implications of Hyperglobalist Globalization on World Regions - Even though the globalization skeptics and the transformationalists both have viable interpretations of globalization, I believe that the hyperglobalist perspective is the most accurate. The evidence for hyperglobalization is found all over the world, but for the purposes of this paper, I will focus on the expansion of NAFTA, the 2004 Indian Elections, and the increasing global outsourcing of labor. I will then outline the implications of hyperglobalist globalization on world regions and the regional approach.... [tags: Globalization ] :: 4 Works Cited 1208 words (3.5 pages) $19.95 [preview] Globalization and Interconnectivity - Fast Globalization and interconnectivity create the major driving force in creating and enhancing chance. Therefore, the society...
Words: 537 - Pages: 3
...GLOBALIZATION Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country. (Leon 90-91) One of the benefits of globalization on a social level is an increased Human Development Index. The Human Development Index is a measurement of a country's social, political, and economical growth in comparison to other countries in the world. The Human Development Index rates each country with a score between 0 and 1, with 1 being the most advanced, globalized country. Factors that are involved in determining a country's HDI are gross domestic production per capita, life expectancy at birth, adult literary, and the number of persons enrolled in educational institutions. In 1975, Peru's Human Development Index was a 0.643. By 2003, the Human Development Index had risen more than one tenth to 0...
Words: 1174 - Pages: 5
...Introduction Globalization is an idea whose time has come. From obscure origins in French and American writings in the 1960s, the concept of globalization finds expression today in all the world’s major languages (cf. Modelski, 1972). Yet, it lacks precise definition. Indeed, globalization is in danger of becoming, if it has not already become, the cliché of our times: the big idea which encompasses everything from global financial markets to the Internet but which delivers little substantive insight into the contemporary human condition. Clichés, nevertheless, often capture elements of the lived experience of an epoch. In this respect, globalization reflects a widespread perception that the world is rapidly being moulded into a shared social space by economic and technological forces and that developments in one region of the world can have profound consequences for the life chances of individuals or communities on the other side of the globe. For many, globalization is also associated with a sense of political fatalism and chronic insecurity in that the sheer scale of contemporary social and economic change appears to outstrip the capacity of national governments or citizens to control, contest or resist that change. The limits to national politics, in other words, are forcefully suggested by globalization. Although the popular rhetoric of globalization may capture aspects of the contemporary zeitgeist, there is a burgeoning academic debate as to whether globalization, as an analytical...
Words: 4956 - Pages: 20
...manufacturing and local food markets, or has Globalization ultimately made this impossible? Globalization is all about integration, combination and incorporation of economies around the world but, it is also the exchange of ideas, culture, and technology. The effects of this phenomenon have reached every country in the globe, the greatest economies as well as the poorest. This affects especially those local manufacturing companies and food markets in the United States. As every new movement of this magnitude, it has been positive for some economies, negative for others and a combination of both elements for some. After been around for a while, globalization became really important as an economic philosophy in 1947 with the General Agreement on Tariffs and Trade (GATT), later known as World Trade Organization (WTO). In the last ten years since the Second World War, many governments have adopted free market economic systems. Globalization is a current wave that has been driven by policies that have opened economies domestically and internationally. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. The principal driver of Globalization has been technology, all this advances in technology...
Words: 1263 - Pages: 6
...Running Head: Globalization Student’s Name: Course Code: Instructor’s Name: Date: Globalization: Outline I. Introduction A. An overview of globalization II. Discussion A. Discussion on the positive and negative effects of globalization III. Conclusion A. This part of the report will cover a summary of the findings Introduction Globalization is an increasing unity of various world economies brought about by the breaking or elimination of barriers to international trade. The barriers include tariffs, export fees and import quotas. Its aim is to raise goods, services and material wealth from a global division of labor (Robertson, 1992). Globalization is a process, driven by a combination of factors including financial, technical, sociocultural, political, and biological. The term may also refer to transitional circulation of ideas, languages, or popular culture (Waters, 2001). The history of globalization is debatable. Some people perceive it to be from the ancient times dating back to occasions like Ottoman Empire spice trade routes in 1453 spurring exploration of different lands. Others situate the origins to the modern era, citing examples like the ending of the First and Second World War in the mid-20th century which was necessitated by the need to break down borders and foster peace (Osterhammel & Petersson, 2005). Expansion of multinational companies and exchanging of scientific developments and information has led...
Words: 768 - Pages: 4
...and have become an essential part of our life. Many goods, which were once limited to some countries, are now available across the world. Work can be outsourced to any part of the world that has access to the Internet. Because of improvements in traffic infrastructure now it is easy to reach one’s destination in a relatively short period of time. This great phenomenon can be called as globalization. Globalization has been defined in many different ways, but central to most of them is that globalization is the interaction between different countries in order to improve the global economy and society. Furthermore, “process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade is classified as globalization”. There are three main factors that contribute to globalization are the efficiency of international transportation, making international trade and enterprise profitable and growth of the informational technologies. Cause 1 One of the factors that lead to the process of globalization is the efficiency of international transportation as a fundamental element of supporting the global economy and market as whole. International transportation it is a factor that causes international trade to spread faster, because international trade needs infrastructures which can support trade between some firms. For instance fast growing economic development in China has been...
Words: 1675 - Pages: 7
...When discussing a complex issue such as globalization, it is important to set forth having a solid foundation. Having a clear and concise understanding of the denotative meaning of globalization is important in order to eliminate any confusion. The Miriam Webster definition of globalization is, “the act or process of globalizing : the state of being globalized; especially : the development of an increasingly global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.” (MerriamWebster) This definition highlights both the causes and perceived effects of globalization. Globalization occurs when countries open up cross border trading which allows the free flow of capital. This definition also highlights one of the many controversial issues many may have with globalization: the reallocation of human capital to emerging economies. This negative connotation of the definition perpetuates the fear anti-globalizers associate with the progression of globalization. Though the progression of globalization does not come without objectors and protestors, it is hard to refute that since countries have progressed towards a more globalized society the overall quality of life for a country’s inhabitants has improved. Mandelbaum states, “More countries joined the global economy, and the volume of cross-border capital flows expanded rapidly, increasing by an average of 11 percent per year between the beginning of the 1990s and the middle...
Words: 1533 - Pages: 7
...GLOBALİZATİON People around the globe are more connected to each other then ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent and international communication is commonplace. Globalization is an economic tidal wave that is sweeping over the world. It can’t be stopped, and there will be winners and losers. There are some disadvantages and advantages of globalization. The disadvantages of globalization 1. “The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. 2. Multinational corporations are accused of social injustice, unfair working conditions as well as a lack of concern for the environment, mismanagement of natural resources, and ecological damage. 3. Multinational corporations which were previously restricted to commercial activities are increasingly influencing political decisions. Many think there is a threat of corporations ruling the world because they are gaining power due to globalization. 4. Globalization makes it easier for rich companies to act with less accountability. They also claim that countries’ individual cultures are becoming overpowered by Americanization. 5. Some experts think that globalization is also leading to the incursion of communicable diseases. Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners...
Words: 590 - Pages: 3
...Globalization and Bangladesh According to Oxford Dictionary “Globalization is the fact that different cultures and economic systems around the world are becoming connected and similar to each other because, of the influence of large multinational companies and of improved communication”. According to Wikipedia (an web encyclopedia) Globalization refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres. Shahzaman Mozumdar (IT Professional and Freedom Figher) says, "Globalization evokes different feelings to different people. Some look at globalization as "the panacea,"-the elixir that will eradicate all poverty, remove disparity, and enable the global citizens to enjoy a decent lifestyle-the lure of globalization. Others view globalization as "the evil" that will further enslave them to the rich” In the broadest sense, Globalization implies integration of economies and societies across the globe through flows of technology, trade and capital. Integration of production, accelerated cross-border investments and more trade are the logical outcomes of this process. It is a phenomenon of 21st century. When I think of globalization in the context of Bangladesh, I think of a person like Hosne Ara Begum, a 40-year-old garments worker at Dekko Apparels Ltd. Hosne Ara, living with her unemployed husband and two children, was driven out of her village in Comilla because...
Words: 935 - Pages: 4
...Globalization "Globalization" is a term that came into mainstream use in the 1980's to portray the expanded development of individuals, information and thoughts, and merchandise and cash crosswise over national outskirts that has prompted expanded interconnectedness among the world's populaces, monetarily, politically, socially and socially. Globalization as a concept refers both to the compression of the world and intensification of consciousness of the world as a whole both concrete global interdependence and consciousness of the global whole in the twentieth century (Robertson, 1992: 8). Despite the fact that globalization is regularly considered in monetary terms (i.e., "the worldwide commercial center"), this methodology has numerous social and political ramifications too. A lot of people in nearby groups partner globalization with modernization (i.e., the change of "conventional" social orders into "Western" industrialized ones). At the worldwide level, globalization is considered regarding the difficulties it postures to the part of governments in universal issues and the worldwide economy. There are warmed verbal confrontations about globalization and its sure and negative impacts. "Friedman realized early that to write intelligently about world economics he needed to make himself an expert in six tightly integrated domains that are usually reported separately: financial markets, politics, culture, national security, technology, and the environment" (Brand, 2002, Introduction...
Words: 1742 - Pages: 7
...Globalization and Religion Abstract In this paper I will explain how globalization is very beneficial from an economic and business point of view. Globalization can be argued as a tool for economic growth, advancement and prosperity through co-operation between the developed and developing countries. The pro-globalization critics argue that the benefits that globalization brings to developing nations surpasses or outcasts the negative impacts caused by globalization and may even go a step further to state that it is the only source of hope for developing nations to prosper and stand out. However, the real question to be asked is as to what extent are the positives argued upon without taking into account the negative aspects of globalization towards developing countries. There are many developing countries benefiting or even prospering from globalization Therefore, my paper will dispute that the growth and advancement provided by globalization to developing countries is beneficial in short-term, but in the long-run, it will only bring upon negative impacts and challenges due to the obstacles involved such as exploitation of labor and resources, higher increase in poverty, and effects of multi-national corporations on local businesses and the economy, and to an extent the effects on the developing country itself. One of many negative effects that comes with globalization on developing countries is exploitation of labor. With a competitive global market, inflation, and cheaper...
Words: 1028 - Pages: 5
...economically from globalisation, the impact on the world’s poorest countries has been negative. Discuss. Currently, globalization is rapidly developing and making a contribution to social progress. It is mainly manifested in politics, economics and culture. Many western industrialized nations get tremendous benefits from globalization. This is mainly displayed in the aspect of market expansion. Because of globalization, more markets for capital investment and outlets for goods are available. However, some poor countries suffer because of globalization. As a result, the economic gap between developed nations and developing nations is expanding remarkably. Nevertheless, several developing countries have seized the opportunity and created a miracle in their economy. Therefore, every country needs to recognise that it can help them and also be aware of the challenges. This essay discusses that while developed countries and some developing countries have benefited economically from globalization, most developing countries have experienced negative impacts. Hence, it is important to firstly identify what globalization is and state what benefits developed countries and some developing countries have had and the negative impacts some developing nations have experienced. After that, the essay discusses reasons for these two different results. It is argued that globalization has brought economic, financial, technological and social benefits to western industrialized nations and some developing...
Words: 1699 - Pages: 7
...Globalization The numerous advances in technology haves resulted in the world becoming a much smaller place than ever before. The ability for goods and/or information to reach a destination anywhere on Earth in a relatively short period of time can be attributed to these technological advances. Additionally, there is increased trade and outsourcing among nations which basically results in these nations working like partners because they are working together in order to better their situation. Globalization has advantages as well as disadvantages. It is viewed as a cause for increasing problems and also as a way of balancing things with one another. Globalization is all around, can be seen everywhere, and effects everyone. Globalization is a continuous process through which different societies, economies, traditions, and cultures integrate with each other on a global scale. This is made possible through the various means of communication and the interchange of ideas. Globalization goes all the way back to the Silk Road. It ran across central Asia, connecting China and Europe. The Silk Road made it possible and easier for the exchange of goods between the two which would have been virtually impossible otherwise due to the great distance between them. (Mann) The extreme advances in technology, travel, and telecommunications over the past 30 years are responsible for the recent huge increase in globalization. The period from 1980 through the present is the most remarkable period...
Words: 1514 - Pages: 7
...WHAT IS GLOBALIZATION? Four Possible Answers Simon Reich Working Paper #261 – December 1998 Simon Reich holds appointments as a Professor at the Graduate School of Public and International Affairs and in the Department of Political Science at the University of Pittsburgh. In fall 1997 he was a Visiting Fellow at the Kellogg Institute. His publications include The Fruits of Fascism: Postwar Prosperity in Historical Perspective and The German Predicament: Memory and Power in the New Europe (with Andrei S. Markovits) both published by Cornell University Press. His most recent coauthored book is The Myth of the Global Corporation (Princeton University Press, 1998). Reich has also published many book chapters and articles in journals such as International Organization, International Interactions, The Review of International Political Economy, and German Politics and Society. He has received fellowships from the Sloan Foundation and the Kellogg Institute and was awarded an International Affairs Fellowship from the Council on Foreign Relations. His current work is on the issue of the definitions and central propositions of globalization. This paper was written during my stay at the Kellogg Institute. I wish to express my appreciation to the fellows and staff of the Institute for all their help on this project, notably to Scott Mainwaring who is now director of the Institute. Introduction The end of the Cold War provided a major shock for scholars of politics and policy in at...
Words: 9416 - Pages: 38
...POS 264 INTRODUCTION TO GLOBALIZATION EXAM #1 ANSWER ALL QUESTIONS 1. List the myths about Globalization * Globalization is new * Globalization is inevitable * Globalization is a leveler 2. What is neoliberalism? * Dominant policy making rule set that represents a return, under new global conditions. 3. What are the three different forms of fair trade? * Removing EU and US agriculture subsidies * Emphasis on balancing trade liberalization with development needs and timing * Developing fair trade commodity chains for coffee, chocolate, olive oil, and other products where producers are assured a fair price. 4. What are the three bills of rights promoted by the Alter-globalization activists? * Communities * Cities * Ecologies 5. What is a commodity chain? * Money(+labor materials)= commodity production=sale………$ 6. Name two net effects of today’s global commodity chains? * Shrinkage of distance – “time space compression” * Increase demand for free trade 7. What are the three key phases in the global development of capitalism? * Global commodity chains * Global labor consumer ties * Global money ties 8. How do TNCs organize global commodity production? * Imperialism * Keynesianism * Neoliberalism * Producer driven commodity chains…push production. 9. What is a commodity? * Something that is bought and sold for money. 10. Name three features...
Words: 493 - Pages: 2
