Example Of Globalization Research Paper

575 Words2 Pages

Modernization has allowed more elaborate systems of social, economic and political structures. There are new trends, which emerge as a result of advancement in technology and infrastructure. Globalization is one such trend that was facilitated by the advancement in the transport and communication, plus the new technologies (Steger 2009). This is when a business move from the domestic markets to the international markets. Globalization started some several centuries ago but has become an important strategic element of many businesses in the modern economy (Lechner 2009). This is due to the huge competitive advantages, which it offers to an organization. Globalization also allows expanding the market niche, reducing costs by moving the operations …show more content…

The countries with the greatest economies in the world are also the most powerful politically. Therefore, globalization being an important element in the global economy controls the nation-states and the international politics as a whole (Ritzer 2010). Globalization has made impossible for any nation-state to control the forces of the economies, but they have to align themselves to the trends in the global economics. In the traditional way, politics were confined to the national political systems, but with globalization, any country will have an open political mind, that is influenced by the global economies. The integration of the economy has forced the politics to follow the same trends. The political activities are at a global scale, and the protection of the economic welfare of the citizens and their security become an international concern. The political activities in one country have a great influence to the global politics and economics. Politics have become globalized, following the trends in the economic globalization. Political integrations like the African Union and European Union, intergovernmental organizations like the World Bank and the International Monetary Fund, World Trade Organization, NGOs, and Civil society organizations, help take the politics above the national level (Scholte 2005). The nation-states lose grip to the market as the …show more content…

Globalization not only changes the economics, it has changed the culture and politics. The business operations are located at another country, and this affects things like taxation and other such factors. The political system that is not favorable to business operation stand to lose the businesses as it will be less costly to move to the global scale. Nation-state politics have to adjust to the new business trends and needs, of it wants to attract global investors and businesses (Scholte 2005). On the other hand, the traditional economic giant nations, would want to take control of the global economies. Globalization, they try to influence the politics of the countries, where most of the global outsourced businesses are conducted. They also influence the infrastructures and technologies which are the backbone of globalization, to favor them (Delantey & Rumford 2007). The paper will look at the globalization trends. Further, the paper will look at the globalization of nation-state politics. Finally, the paper will look how the market controls the nation

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