Essay On Globalization

1665 words - 7 pages

Globalisation is a multi-dimensional manifestations, a process of interaction and integration within the world, and is a highly discussed and contested topic in today’s context. Globalization includes aspects like: economics, politics, ideas, knowledge, culture, society, environment, health, social etcetera. Though globalization can be traced back into time immemorial, but the extent and magnitude of present globalization is unprecedented. The integration and interdependence of globalization implies that today local event can have global impact and vice-versa. With the ongoing globalization process, it raises concerns about international security. Academic debate of whether globalization ...view middle of the document...

Globalization is multidimensional process, and “is best understood as the creation of a variety of trans-boundary mechanisms for interaction[s] that affect and reflect the acceleration of economic, political, and security interdependence.” Scholars like Zevin and Wade argue that globalization is nothing new, and prevailed even in ancient time. In fact, Steger has traced globalization 12,000 years back. However, many scholars like Drucker, King and Schneider considers present form of globalization as a completely new phenomenon. Nevertheless, Carmel suggested that present age is the 2nd great age of globalization which started after WWII, while first great age prevailed in the early years of 20th century. Economic globalization is one of the principal forms of globalization and some of the academics argue that globalization indeed is a series of economic phenomena. Economic globalization can be defined as “a set of processes leading to cross-border integration of factor, intermediate products, and final products markets along with an increasing salience of multinational corporations in economic activity.” Major aspects of economic globalization are cross border trade, flow of capital and integrated financial transaction. As per World Investment Report’ 13, 60% of world trade is on intermediate goods and services amounting almost $ 20 trillion, which is directly linked with globalization. Economic globalization is gradually transforming the world into an interdependent and integrated single global village. Production cycle of Ford’s Lyman car is a true example of economic globalization. It is designed in Germany, its pump comes from USA, gearing system comes from South Korea, and engine comes from Australia while being marketed all over the world.
Development in science and technology and concept of open market economy are the two most significant driving forces for economic globalization. Development in science and technology has reduced the cost of transportation and communication to a great extent, thus influencing economic globalization. Comparing with 1930, shipping cost has been reduced by 100%, airfreight by 600% and telecommunication cost by 10,000%. These have offered shrinkage effect in time and space and made cross border, network-based economic activities possible. Besides, with the increase in reputation, more and more countries are welcoming open market economy through market-oriented reforms. Thus, the advancement in technology and open market economic reforms have helped converting political boundary meaningless for economic activities.
Developed countries are the main proponent, contributor and beneficiaries of economic globalization, and multinational companies (MNC) can be considered as the main agent of economic globalization. With economic globalization, there is a boom in number of these MNCs and their economic power. In 2005, there were more than 75,000 MNCs in the world. In 2000, a study shows that, out...

Find Another Essay On Essay on globalization

GLOBALIZATION Essay

1817 words - 7 pages declarations by political leaders worldwide highlighting the connection between globalization and poverty, and the positive role globalization should fulfill in eliminating inequality and reducing poverty.It should be noted that this essay recognizes that globalisation is more than an economic occurrence and that it is also associated with political and cultural tags, but it will dwell only on the economic aspect of globalisation. This is so because

Globalization Essay

1966 words - 8 pages Bullies Knopf Canada 1999 3. Caffentzis, George A Essay on the Events of September 11, 2001 Addressed to the Antiglobalization Movement 10/6/2001 http://www.tao.ca/~midnightnotes/pamphlet_sept11.html 4. JOHNSON, BRIAN D Cover: Naomi and the Brand-New Left: Naomi Klein's No Logo inspires another generation of protest. , Maclean's, 03-12-2001, pp 26.5. Kearny, A.T. Globalization?s last hurrah? Second Annual /Foreign Policy Magazine Globalization

Globalization

2258 words - 10 pages “The very design of neoliberal principles is a direct attack on democracy” said beautifully by Noam Chomsky. Neoliberism and globalization is found all over the world and in almost every country where humans reside. It has brought us the world together, and made it a smaller place to live in. Every person on earth has faced the reality of globalization at this time and age. Many are against it, and many are for it. But how has it changed out

e process of globalization

581 words - 3 pages liberalistic ideas and capitalistic economic structures. This essay argues that the process of globalisation is one with harmful effects on the majority of individuals due to the pressures of conformity and connectivity. Within this essay the effects of globalisation on South African society will be analysed with regards to whether or not these effects are benign or harmful. Additionally, this essay takes a closer look at the effects of globalisation

Globalization: Advantages And Disadvantages

1724 words - 7 pages phones. However it presents several problems which causes people would be against this global process, anti-globalization process is a well-known movement that sets the trend to these people who are in disagreeing with it. Some examples of these problems are that countries could lose their culture identity, international, terrorism, mafia organizations, loss of employment, etc. The first part of this essay will be aimed towards understanding the

Historiography of Globalization

1844 words - 7 pages characterized by the networks of trade that arouse from sovereigns and local rulers sending out missions to acquire wealth and exotic goods.1 Proto Globalization promotes a complex pattern of multilateral trade through the trading of commodities on a globalized scale.Proto globalization also involves the growth of finance, services, and improved efficiency in the transactions sector.2Modern Globalization is the rise of industrialization and the

Globalization, The Unattainable Goal

1118 words - 5 pages Appiah’s meaning for globalization is more specific and on a personal, family, and religious level with acceptance as his basis. His approach to globalization is what appears to be perception based, outside of what his family beliefs are. Foer perceives globalization culture as, observed through sports, specifically soccer, family influence, and other means to preserve globalization change as Americans. As each author sees the world of

An Introduction to Globalization

2364 words - 9 pages , you can only talk about real globalization when there is a systematic interconnectivity, and when this interconnectivity happens indeed at a global level. I would also spend some time reading about the concept I told you is the great promise of globalization: liberty. John Micklethwait and Adrian Wooldridgre wrote a great essay on the topic, called The Hidden Promise: Liberty Renewed. They do cover the advantages that commerce is having with the

The Impact of Globalization on Germany

3857 words - 15 pages Globalization is currently shaping the world in which we live. It is based on the precept that the world is becoming a smaller place to live. This "shrinkage", so to speak, does not refer to actual land area, but rather to the space that exists between the differing peoples of the world. Globalization occurs through the unification of different nations around the world by either blending socially, culturally, politically, or economically. Social

Disadvantages of Globalization

4562 words - 18 pages , disease, and human trafficking to name a few. Government intervention by regulation, taxation, and redistributing wealth then distorts natural laws of supply and demand. Some economies may suffer disadvantaged at first, but society is better off when the free market is allowed to control itself.2.2. Purpose of the ReportThis report is aimed to give in detaied undertandign of what does globalization it, how it developed and what negative impacts on

Features of Neoliberal Globalization

2602 words - 10 pages adverse effects of the neoliberal globalization the balance of income distribution is worsened day by day.In this essay I am focusing on the features and adverse effects of the neoliberal globalization and the challenges against it. In order to clarify the topic more understandably I also examine the brief explanations of liberalism, neoliberalism and the globalization itself.IntroductionThe basic of neoliberal globalization and the economic process

Similar Essays

Prepare An Essay On The Topic Of The Impact Of Management In The Globalization Of Business

768 words - 4 pages IMPACT OF MANAGEMENT IN THE GLOBALIZATION OF BUSINESS. Prepare an essay on the topic of the impact of management in the globalization of business. The world that we are living in is becoming smaller and smaller from day to day while it is the same in size. The access to vast volume of information that are available to us, the world communication, and transport make the world a very small village. Businesses are not producing for a particular

Globalization Essay

2663 words - 11 pages in another countries. Globalization departs from an idea to unite the nations which is expected to be a mutual agreement and guidelines for nations around the world. Globalization is able to waive the space and time constraints to get the interaction and communication between nations can be done quickly. With the support of information and communication technology, globalization penetrated all sectors of life and make significant influence on

Globalization Essay 773 Words

773 words - 4 pages disastrous effect on the environment. Sanabria's chapter titled, “Perspectives on Globalization” and the documentary, “Trinkets and Beads,” give two comparative views on negative effects of globalization. Within Sanabria's text, we gain secondary knowledge, whereas in the documentary we were able to visually see the damaging effects of deforestation. Although globalization has some advantages, it does negatively effect the environment and individuals living within the environment as explained within this essay.

Globalization Essay 1401 Words

1401 words - 6 pages some of our most serious problems that affect us".Work Cited Beards worth, Alan and Teresa Keil (1997) Sociology on the Menu, London: Routledge Giddens, Anthony (1999) Runaway World: How Globalization is Reshaping Our Lives. London: Profile. Griffin K, Khan A R, 1992 Globalization and the Developing World: An Essay on the International Dimensions of Development in the Post-Cold War Era United Nations Research Institute for Social Development