Globalization, fostered by free flow of information and rapid progress in technology, is a driving force that no country can turn back. It does impose market discipline on the participants which can be harsh, but is the mechanism that drives progress and prosperity. Globalization emerged as a buzzword in the 1990s but the phenomena it refers to are not entirely new. As a ubiquitous term, what does "globalization" mean? Some observers emphasize the rapid and free flow of capital as the essential element. Others emphasize labor-that capital flows to where labor is highly productive while relatively cheap, that different parts of the production process can be performed in various far flung places by multiple sources of labor, and that workers themselves move within and between nations often and more easily.
According to Micklethwait and Wooldridge there are "three engines" driving globalization today. The first of those three engines is technology. "Technology gives entrepreneurs... The freedom to challenge giant companies and to break up concentrations of power," (Mickelthwait and Wooldridge, 2003) Capital is the second engine. Financial markets "are not just wiring economies together and altering the structures of companies,... they're also changing entire political systems." (Mickelthwait and Wooldridge, 2003) The third engine is management. "The internationalization of business practices now has its own momentum, and it is also accelerating," write the authors. Companies can shift the content of their companies from localized, to global and maintain their competitiveness.
Seeing globalization as something which involves the transcendence of traditional industrial modes, others emphasize that the onset of an information age is defining characteristic of the world economy and that it cannot be effectively controlled by states. The implication of the mere use of the term "globalization" is that there is a paradigm shift in world politics. It is not a shift in our view of reality, but indeed a new reality. In fact, the idea of "international relations" would ostensibly be obsolete since world politics is no longer chiefly the relations between nations, but relations between interconnected economic systems which rely on the other to support themselves.
Given a pure system, one which was controlled completely by governmental and economic engines, absolutist views of the globalization process could be true. However, within the cogs of modern sociological advance is the human being, whose spirit and culture can not be dominated by the social, political, and economic monoliths of our time. The human element cannot be ruled out of the equation, and as a variable, the human element is both the hardest to predict, and can be most resistant to change. In the introductory chapter of his work Principal Themes, Townsend feels that, "we need a people-based economic component of human geography rather than 'economic geography'" (Townsend, 1997). This is the central tension that keeps the elements which control urban change out of the hands of the corporations, and just outside the reach of the global city. Because each city and social setting has their own culture, the economic forces which admittedly drive the city will not be able to drive the different socio-political regions together into a single economic unit.
Both sides fall into the trap of assuming that human forces or policies can be detached from geography. No set of people or policies will turn Rwanda into Singapore. (Bowring, 2001) It may be "unfair" that countries with easy sea communications, such as those in East Asia and coastal China, can take advantage of specialization of production more easily than inland ones. How much effort should be made to redistribute so as to compensate for disadvantage is a matter discussed at the national level but seldom at the global one. The thorny idea of redistribution of wealth should be examined long and hard before it is considered as a means to level the playing field of global economic play ground. Socialist practices such as these have not improved the peoples economic and social structure in countries which practice them. A countries successful economic engine cannot sustain the strain of taking its profits from...
Aside from these positive consequences, a free market would negatively affects small entrepreneurs in the meaning that most of them would not possess the necessary resources to compete with international producers and would end up in bankruptcy. Multinational corporations and international organizations Large international corporations have been widely criticized for the destruction of local businesses and for forcing their own products and culture upon other countries. One of the most eloquent
That said, Goodhart believes that global governance, if pushed too far into sovereign nations' doings, can in fact undermine popular sovereignty as "a viable conception of democracy" but it is not doing that and in fact, in a globalized world that is increasingly interdependence needs a new kind of democracy. The new sovereigntists' views are normative while Goodhart's are more along the lines o positivism. Basically, Goodhart argues that
They might only be more efficient when externalities are not considered, but in the real world of globalization externalities are important. Understanding what to do about these problems and how to take advantage of the opportunities presented by globalization requires a strong understanding of what globalization is, and even that remains a point of some contention. Works Cited: Higgott, R. & Reich, S. (1998) Globalisation and sites of conflict: Towards definition
Globalization's Effect on the United States' National Security Objective of this paper is to explore the impact of globalization on the United States national security. The study defines globalization as the increasing global relations of people, corporate organization and government. There is no doubt that the globalization provides numerous benefits to the American economy. Despite the benefits derived from the globalization, the advent of globalization also provides some threats to the United
By 2050, it is projected that only India would be recording growth rates significantly above 3%. Incomes and Demographics By 2050, despite much faster growth, individuals in those countries are still predicted to be poorer than those persons living in any of the now G6 economies . Russia is the exception, essentially catching up with the poorer of the G6 in terms of income per capita by 2050. By 2030, China's
Ruthless Overlords of Silicon Valley Globalization According to the article "The ruthless overlords of Silicon Valley," the corporate founders of the new digital age have tried to present themselves as benign leaders, more devoted to intellectual excellence and social good, rather than the ruthless pursuit of profits. Facebook founder Mark Zuckerberg has said this directly: "simply put: we don't build services to make money; we make money to build better services" (The
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