Premium Essay

The Tragedy of Globalization

In: Social Issues

Submitted By jdrechsler
Words 834
Pages 4
The Tragedy of Globalization

Globalization has been around for over a thousand years and is not a new development of western nations. Globalization is simply the transferring of ideas from one society to another. Amartya Sen the author of “How to Judge Globalism”, and Sen believes that the whole world benefits from global cooperation, and there is uneven distribution of benefits. He believes another downside of globalization is the belief that globalization is a modern westernized concept. Globalization is not the sole cause of the inequality of wealth between developed and non-developed nations, but it is obvious that this new global marketplace has produced unequal benefits between developed and non-developed nations. Globalization needs regulations and reforms to be put into place in order to level the playing field of benefits.

Globalization benefits all nations that are involved in the global trade of goods, foreign investment, and ideas. Although, with the current global market there is room for firms to take advantage of developing nations by outsourcing jobs from developed to developing countries in order to pay workers lower wages. Many of these less developed countries benefit from foreign investment by developed nations, but According to Sen (2002) the distribution of these benefits are not equal between rich and poor. Since there are no laws pertaining to globalization or a governing body, it is a free for all in the global market. There are so many different nations it is unfeasible to control commerce all around the world. Reforms need to be made to the current system; since developed countries benefit more from global trade than non-developed countries it is necessary to form a system that permits equal opportunities.

Globalization is responsible for the large-scale sales of arms from developed to non-developed...

Similar Documents

Premium Essay

Globalization

...Globalization Has Increased Poverty Although the concept of globalization is very recent, it has existed throughout the history. Globalization began to take greater height from the Industrial Revolution 200 years ago in England which was the most developed countries in the world. Technological and political changes have changed the meaning of globalization. Today, the term globalization is defined as “the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications. It is the social, political and economic integration that comes with the increased flow of trade, people, capital, and ideas” (Steger). The purpose of this essay is to show how globalization has increased poverty and affected some countries and people’s lives. While many people argue that globalization has reduced poverty; others, has disagree because there are facts that show clearly how the rate of poverty has increased. According to Sachs, Professor of Health Policy and Management at Columbia University, poverty is the result of “low productivity per worker, which reflects poor health, lack of job-market skills, patchiness of infrastructure (roads, power plants, utility lines, shipping ports), and chronic malnutrition” (Sachs). In many countries, the economic situation is going from bad to worse. Poverty has been rising steadily “from 21% in 1984 to 40% in 2002” (Nissanke). Sachs said that every day more than 20 000 die of......

Words: 2152 - Pages: 9

Free Essay

Contemporary Issues on Social Work

...CONTEMPORARY ISSUES IN SOCIAL WORK By Student's Name Course Code and Name Professor’s Name University Name City, State Date of Submission Q1. The effect of globalization has resulted in complex economic and social networking among people of the world. One of the main elements of globalization is the movement of people from one area to another area for various reasons. In most cases, people move to more industrialized and peaceful countries in search of better opportunities and safe environments. The 21st century has seen the increased migration of citizens of one state to another, a period termed as the age of Diasporas (Helman, 2007). The research will focus on immigrants, mainly asylum seekers and refugees with particular emphasis on the 72 asylum seekers from Lebanon who perished off the coast of Indonesia while heading to Australia. The research will address the plight of asylum seekers as one the most vulnerable populations. Migration to another country may be voluntary or voluntary. The involuntary migrants include asylum seekers, refugees, returnees ad internally displaced persons (IDPs). The primary cause of this category of people changing their location could be political upheavals, wars, natural disasters and poor states of the economy. The voluntary migrants migrate to other countries in search of employment and new ventures for personal growth. However, the involuntary migrants have multiple psychological, physical and social vulnerabilities due to their......

Words: 2294 - Pages: 10

Premium Essay

Do You Believe That Globalization Brings More Positive Benefits or More Negative Consequences to the World?

...Do you believe that globalization brings more positive benefits or more negative consequences to the world? Do you believe that the negative consequences could be controlled? Why or why not? What do you think should be done? In my opinion, we are at the beginning stage of the globalization process; and the process itself might be well compared to the industrial revolution in its complexity, and the degree of the impact it inflicts on the societies and cultures. We well remember from our history lessons what the Industrial Revolution has done to the people of 18th, and 19th Century Americas and the Europe. In the end a great society had been built, but the price of it was rather high. Armesto, F.F. (2008) The World a Brief History. “Industrialization uprooted lives, disrupted families, and imposed bleak working conditions in cities rife with filth and disease. Visiting the British city of Manchester in 1835 , Alexis de Tocqueville, considered the greatest social analyst of his time, recoiled from factories that keep air and light out of human habitations which they dominate; they envelop them in perpetual fog here is the slave , there is the master; there is the wealth to some here the poverty of most.” Yet she wrote, “From this filthy sewer, pure gold flows.” Alexis de Tocqueville words still apply to the majority of the world’s population; since the majority lives in a perpetual poverty; poverty even greater, from the time when the globalization process picked up......

Words: 900 - Pages: 4

Premium Essay

Management

...* Discuss how supply chain system can be strategic in Global Operation through achieving “resilience”. Resiliency is the ability to overcome challenges of all kinds–trauma, tragedy, personal crises,  life problems–and bounce back stronger, wiser, and more personally powerful. It’s important because this is what we need to do when faced with life’s inevitable difficulties. And it’s important because there is a growing body of social science research that explains how: How can we bounce back, even from a lifetime of “risk factors” or very painful tragedy, and how can you help those we care about bounce back. The organization must understand its internal and external supply chain system. So, the organization must understand the modern supply chain practice to achieve functional stability in the business. Organizational changing culture with globalization and develop their resources. Need to good relation with suppliers. Because they are the external factor who can easily effects the product as well the price with quality. They have to develop a good inventory system. Then the organization must have practice total quality management, six sigma. Total quality management-a process that stresses customer satisfaction, employee involvement, and continuous improvement of quality. Its goal is to eliminate all defects. If management accounting system are focused strictly on cost, they will preclude that could lead to higher quality. The key is to understand the......

Words: 309 - Pages: 2

Free Essay

Financial Institutions

...markets and develop the strategies to manage the risks, some research about federal reserve and role of the company and its monetary policy to affect the securities, explain how monetary policy works in U.S and the other countries. Financial markets and Institutions With the opening of global markets financial institutions have been playing a key role in globalizations. From securities, stocks, investments, financial institutions have opened markets. For instance in Europe, financial and governmental agencies have established a currency, electronic foreign Exchange trading. The World Trade Organization, (WTO) has established markets that are constantly debating ethical issues. World-wide tragedies make financial institutions a key player in relief efforts, such as hurricanes, earthquakes, and other natural and world-wide conflicts. The World Bank plays a major role in debt relief as well. There are many roles that financial institutions have on the global economy. Technology in Foreign exchange trading and Capitalism Possible: Changes over the Next Decade "The Internet, together with deregulation and globalization, has engendered a wave of hyper competition that includes the emergence of new exchanges, markets, and distribution channels providing opportunities for cost reduction and Strategic advantage" (Gallagher 81) References  Young Stephen (Autum 2004) Taming Captalism's Brute Force. EBF 19, 14-15.  Gallaugher, J, Melville, N. (August 2004).Electronic......

Words: 279 - Pages: 2

Premium Essay

America and the Great War

...America and the Great War Abstract World War 1 was in the works for a long time in the European countries. Nationalism, Imperialism, and Militarism were the main factors that led to the Great War. There were so many alliances between 1879 and 1914 that there was no choice when an ally declared war. The assassination of Archduke Franz Ferdinand and his wife was a trigger for the declarations of war being set up for many years prior. America and the Great War World War One or “The Great War” was triggered by the assassination of Franz Ferdidnand on June 28th, 1914 by a Serbian Nationalist student Gavrilo Princip. Archduke Ferdidnand was to inspect the Austro-Hungarian troops in Bosnia. After the annexation of the Balkan States of Bosnia and Herzegovina from Turkey, they were taken into the Austro-Hungarian Empire. This was resented by a nationalist group that was formed by Serbians and Croatians known as the Black Hand. The group had sent students and weapons for the assassination of the Archduke to mark the national day in Bosnia. There were many causes prior to the assassination of Franz Ferdidnand. Imperialism, Nationalism, and Militarism were some of the main ones. Imperialism, or when a country takes over another country and makes it part of that country, was happening all over European countries in the Eighteen hundreds. According to Historyonthenet.com(2000-2014), by Nineteen hundred the British Empire extended over five continents and France......

Words: 751 - Pages: 4

Premium Essay

Globalization and Movement of Labor

...Abstract: Globalization and movement for labor affect the United States all across the board. People find it hard to pull up and move to various locations around the world but for a better life for themselves and the family they often do so . Families do so for better wages to avoid crime, better education and sometimes are forced to. Immigrants take a chance for a better life by facing, crime, kidnapping and murdering order to get to various places in the United States. Texas border brings in more than half of the immigrants who illegally and legally come into the United States. Jon 13 34-35 gives us direction on how to treat others regardless if they are immigrants her illegally or legally . One status does not dictate this. “34 “A new command I give you: Love one another. As I have loved you, so you must love one another. 35 By this everyone will know that you are my disciples, if you love one another.” People find it hard to pull up the roots that they have held tight to and move to a place they have never been. Although this is hard millions of non-American citizens have made the decision to move. The immigration that had the most impact took place around the eighteen hundreds, this was due to the Great Depression through the hard times in the 1930s. During this time over 60 million people immigrated too different parts of the world but more than half of those immigrants came to the United. States. Globalization and movement of......

Words: 1608 - Pages: 7

Premium Essay

Management Planning

...British Petroleum (BP) is a worldwide oil as well as gas establishment whose roots can be traced in British. The company’s headquarters are based in London, United Kingdom. The company has been ranked as the third biggest energy establishment as well as fourth biggest establishment in the world measured by 2011 profits. The company functions in all sectors of the oil as well as gas business ranging from examination in addition to manufacture, purifying, supply in addition to advertising, petrochemicals, power generation as well as exchange. The corporation has as well diversified its core operations to integrate renewable energy actions that bio fuels in addition to wind power. Operating over 80 nation states it’s biggest union remains BP US in where it remains the 2nd biggest manufacturer oil as well as gas in the US. The company be situated both registered with London’s Stock Trade primarily with minor list with New York Stock Exchange. In British Petroleum planning is critical and it helps the company to forecast the future as well as chalk out actions to be taken. Planning can be viewed as a preparatory step that determines when, how as well as who is going to perform a specific job Internal and external factors in management of British Petroleum Company The British Company has several internal factors that can be corrected within these categories that can drive the company to its success; on the other hand they also come with external factors that are further than the......

Words: 988 - Pages: 4

Free Essay

Tragedy of Great Power Politics

...Mearsheimer: The Tragedy of Great Power Politics In The Tragedy of Great Power Politics, author John Mearsheimer outlines a new theory of international relations which he calls “offensive realism.” Mearsheimer’s theory is a spin-off of Kenneth Waltz’s neorealism, also known as structural or defensive realism. Mearsheimer follows on the premises of Kenneth Waltz’s theory by deriving the behavior of states from the “structure” of the international system. Mearsheimer outlines five assumptions or premises comprising his theoretical foundation: 1) the international system is anarchic (no world government) 2) all states posses some offensive capability and are thus capable of using force against other states 3) no state can be certain another state will not use force against it 4) survival, territorial integrity, and domestic autonomy are the primal goals of all states and 5) great powers are rational actors (Mearsheimer 2001, pp. 30-31). It is difficult to definitively discern what conclusions Mearsheimer thinks follow from these premises (Wagner 2007, pg. 14). He argues for perhaps three conclusions: 1) great powers have powerful incentives to “think and act offensively with regard to each other…In particular, three general patterns of behavior result: fear, self-help, and power maximization (Mearsheimer 2001, pg.32)” 2) even states that want only to survive end up pursuing hegemony as the ultimate insurance for survival 3) even states that care only about their survival may...

Words: 1364 - Pages: 6

Premium Essay

Glimpse of Change

...since I was a child, I have always been going here in Dubai during summer vacations and for the reason that my father works in here. My father has been here in Dubai for almost 18 years, working, striving hard for our family. Moving on permanently here in Dubai was a decision made by our parents. This decision was influenced by the fact wherein a tragedy happened in our house. An inside robbery on the dawn of the day was the sole reason that triggered my parents to make an early decision for all of us to migrate and stay here in Dubai for the better. With Dubai’s vast culture and rapid globalization taking place, it was quite a hard task for me to adjust. But the good thing in here is that wherever I go, I can see Filipinos. Seeing them made me feel like I am home and this resulted for the easier transition of my life here in Dubai. Being respectful to the religion and culture of the Arabs was the first thing that our father taught us when we arrived in here. One of the things that were new to me that time was the practice of doing fasting on the day of Ramadan wherein the Muslims are not allowed to eat until Iftar. Globalization is increasing. More and more people are choosing to move from one country to...

Words: 539 - Pages: 3

Free Essay

American Heroism

...This recession continues about four years, through 1929 to 1933. It is the biggest depression in human history. Wall Street become the powder keg of the world stock market. U.S. didn’t have a break from the economic disaster, the world war II come after the economic shadow. Since 1939 to 1945, the six years war immediately reformed the world order. If we combined the World War I and World War II, we can see there two parts from one war. The big mess happened in European War Zone, until 1941 American joined in to the allied nations, and against axis. The attack on Pearl Harbor is a nightmare for every American citizen. Compare to the sadness reality, the golden age of comic book is looks like reasonable. We people have so much pain and tragedy memories. And only arts can express the strong emotion. The superhero character shows that deeply hope in American people’s heart. People want to be saved, they just want back to the normal life. So American people created a human being with special ability, who can win by justice and help people escape from fear. To understand why Superhero have such huge influence in that specific period, even more than religions. Historically, every fear effect will bring a gloominess...

Words: 492 - Pages: 2

Premium Essay

Internal and External Factor Paper

...Assignment – Internal and External Factors Paper MGT/230 Assignment – Internal and External Factors Paper Johnson and Johnson (JNJ) began in the late 1880s as a family owned and operated business geared toward the health care and first aid of individuals. In their first 20 years of operation, Johnson and Johnson built a solid domestic business and were among the first responders to the 1906 San Francisco Earthquake. Currently, Johnson and Johnson span the globe with more than 250 locations in 57 countries ("Johnson and Johnson Company Structure", 2011). In JNJ’s century plus experience and business operations, adjusting and adapting the functions of management to meet operational goals and public demands is a testament to their longevity. From their worldwide expansion, innovations in healthcare, business ethics, contributions to technology, to their community diversity, JNJ provides a “How to Succeed in Business” guide for others to follow. Internal and external factors involved in technology affect management’s efficiency in planning, organizing, leading and controlling. The new advances in technology have provided new production techniques and new ways to manage and communicate such as telecommuting and robotic manufacturing. The technology of computers has increased productivity and performance. Management is able to watch and learn what the competitors are doing and improve the efficiency in decision making. There are also threats involved with......

Words: 1943 - Pages: 8

Premium Essay

In What Ways, If Any, Has Globalization Transformed the Phenomenon of Terrorism?

...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......

Words: 2778 - Pages: 12

Free Essay

Globalization

...They are not selfcreating, self regulating, self stabilizing, self-legitimizing. Markets cannot work properly and be politically sustained in their absence. We have to contend with a world economy that remains a patchwork in terms of governance … and moderate our ambitions regarding economic globalization We run one of two risks when we get the balance wrong: Recognizing the centrality of nation-states is nation states more likely to contribute to a healthy global economy than trying to eviscerate it ◦ legitimacy deficit when we push global rules too far ◦ Inefficiency and instability when we push global markets too far The balance of global forces is becoming more centrifugal The supply of global leadership will be in short supply s o t supp y ◦ Declining role of U.S. in global economy g g y ◦ EU likely to remain preoccupied with own matters ◦ China and the other emerging powers place, if anything, anything greater emphasis on national sovereignty The world economy is not a “global commons” (Misleading) analogy with climate change ◦ Open trade and finance policies are semi private goods semi-private ◦ where in the absence of global coordination, we get the “tragedy of the commons”...

Words: 819 - Pages: 4

Premium Essay

Chef's Toolkit in.C Case Study

...The shift toward a more integrated and interdependent world economy is referred to as a) economic integration b) economic interdependency c) globalization d) internationalization The merging of historically distinct and separate national markets into one huge global marketplace is known as a) global market facilitation b) cross-border trade c) supranational market integration d) the globalization of markets Firms that are involved in international business tend to be a) large b) small c) medium-sized d) large, small, and medium-sized The correct answer is d. Which is not a factor of production? a) trade b) land c) capital d) energy The correct answer is a. The sourcing of good and services from around the world to take advantage of national differences in the cost and quality of factors of production is called a) economies of scale b) the globalization of production c) global integration d) global sourcing The correct answer is bWhich organization is responsible for policing the world trading system? a) the International Monetary Fund b) the United Nations c) the World Trade Organization d) the World Bank The correct answer is c. What is the single most important innovation to the globalization of markets and production? a) advances in transportation technology b) the development of the microprocessor c) advances in communication d) the Internet The correct answer is b. Which of the following trends is true? a) the United States is......

Words: 2169 - Pages: 9