Globalization
Does world trade make the world smaller by bringing people closer together? Or does it divide the globe by creating winners and losers through greater inequality?
Globalization is a complex phenomenon that is often misunderstood. Part of this trend deals with a movement toward more integrated economic and political systems. Yet, today's societies face both an internal and external political environment and socio-economic factors that are marked by unprecedented levels of bipolarization and inequality that have arguably reached new heights relative to any time in human history. Is important to note that globalization is not exactly a new phenomenon, but new developments in technology, more specifically relative to information technology (IT), have allowed citizens of the world to communicate in real time and engage with virtually anyone else in the world.
International organizations have leveraged these new developments and much of globalization is driven by companies that operate internationally and have supply chains that have become sophisticated, complex, and can span the entire globe. While these developments have introduced many people to other cultures that they have not otherwise ever known, it has also created many negative consequences for certain populations that could be considered the "losers" of globalization. Therefore, while globalization has brought many people around the world closer together, it has also simultaneously led to situations that disadvantage certain groups. This analysis will look at the globalization trend from both of these perspectives.
Globalization Overview
International trade is not a new development and as soon as ships were able to begin to traverse the oceans, the Dutch developed the first international organizations. The Dutch East India Company use their knowledge of the seas and shipping to establishing trading routes with countries such as Egypt, Middle Eastern countries, Africa and Asia and many consumers benefited because they gain access to different types of...
Globalization arguably began even before Marco Polo’s expeditions, possibly being traceable to Alexander the Great’s establishment of overland routes between Eastern Europe and India. The assumption that globalization equals Americanization is profoundly arrogant, and is also ignorant of the history, meaning, and implications of globalization. Globalization implies integration and interdependence of the world. Predating the United States of America, globalization nevertheless reached a peak in the 20th century, when a
" (2007. p. 46) Guay also states that a consequence of "increased international trade is a corresponding increase in demand for commodities." (2007, p. 46) Guay writes that companies that are producers for civilian and military markets "are susceptible to increased global competition on the civilian side, even as the military side of their business may be fairly protected." (2007, p. 46) These firms may be forced to restructure which
Globalization profoundly alters relationship global North South The international exchange and integration of economies, societies, cultures, and governing policies play host to the worldwide phenomenon known as globalization. Countries interact through transportation, trade, and communication; inherently influencing the respective realms of economy and political agenda. Traditionally, globalization is highlighted by this integration of economic and political systems across the globe, however this exchange transcends into societies, ethics, cultures, industry, ecological
Regional Identity Over the years, regional identity has played a major part in helping specific regions to embrace their culture and traditions. In many cases, these views are often expressed in different forms of literature and songs. However, as globalization has become more dominant, these beliefs have come into conflict with other regional influences. This is because many of these traditions are being replaced by new ideas that are attempting to
These companies are getting bigger and bigger. Some companies have such huge assets all over the world that they are worth more than many small countries. If you compare the GDP of many countries, you can see that the GDP is even less than the earnings of those big companies (Disadvantages of globalization, 2012). The governments do not have the power to stop the multinational companies from closing a factory
Globalization Questionnaire What is globalization? According to Keith Porter, "people around the globe are more connected to each other than 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. International communication is commonplace. This phenomenon has been titled globalization." (Porter, 2001) Globalization is thus the greater interconnection
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now