Nr. FHRISS802
Bob Mangal
Subject : Essay considering globalization 1000 words.
The simple explanation of the cold war was explained by the difference of strong against weak, emphasized at the disposal of military power to affect the world economy and benefit from it. After the dissipation stage of the cold war, arose the era of globalization, in which the simple explanation was, fast against slow where the developed nations, bilateral donors and international financial institutions are linking the developing countries up (under pressure) to the global system under conditionality’s to agree with reforms on governance before having access to external aid sources in order to create welfare and establish economical stability. According to GSGR (index appendix 2) poor and fragile states that depend on exporting commodities to distant markets risking the fact to become more vulnerable as result of disadvantageous trade deals fueled by powerful lobbies of the OECD countries or by downturn of the global economy and international financial crisis. (Burnell et al. 2011:278). These indications reinforces the hypothesis that, “globalization weakens the application of a distinct category of developing countries in understanding politics”, if the state capacity and political ability to execute reforms fails to occur.
But globalization incorporates also a process of interdependency among countries worldwide, through increasing volume and a variety of cross border transactions in goods and services, acceleration of communication, free international capital flow and widespread diffusion technology (Burnell et al. 2011:23).
Suriname, a developing country, linked up and integrated within the globalized world today,...
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... available reserves on natural resources. The approach is, that the developing countries with the possession of natural resources and the developed countries with the capital, should come to an understanding in finding the equilibrium for sustainable and mutual trust, enhancing a long term solid agreement of development.
Reference :
“BUREAU OF INTERNATIONAL NARCOTICS AND LAW ENFORCEMENT AFFAIRS”
Peter Burnell and Lise Rakner 2011 Analytical Aproaches tot the Study of Politcs in the Developing World.United States of America: Oxford University Press
Peter Burnell and Lise Rakner 2011 Governance and Aid Conditionality in a Globalizing World.United States of America: Oxford University Press
Globalization is the shift toward a more integrated and interdependent world economy (Hill, 2005). Globalization has several different areas including the
Oil-Led Development: Social, Political, and Economic Consequences. CDDRL Working Paper 80. Robinson, J. A., Torvik, R. & Verdier, T. (2006). Political Foundations of the Resource Curse. Journal of Development Economics, 79, 447-468.
To begin, this critical response paper will provide a detailed explanation for the significant merit of globalization in context with work or services implementing the dominant western society of the world from other countries that have fewer resources compared to the first world countries. According to Ravelli and Webber (2015) in the textbook “Exploring Sociology,” Globalization initially emerged from Europe when the booming economic industries prepared colonies to transport cheap materials from global south countries to incorporate them with their own resources. This is known as eurocentrism and the help of European globalization has affected the working class or the bourgeois class in the entire world. Furthermore, globalization refers
Globalization becomes important today because increasing in depending to the world. Globalization can be determined as increasing in trade and exchange in open economy, integrated and borderless international economy (Intriligator, 2003). Globalization is often used to refer to economic globalization. The integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Besides that, globalization also can be defined as process of greater interdependence among countries and their citizens. It consists of increased integration of product and resource markets across nations via trade, immigration and foreign investment-that is via international flows of goods and services, of people and of investment such as equipment, factories, stocks and bonds. It also includes non-economic elements such as culture and the environment.
For example in regards to the ability for democracy to succeed in Africa, “The Economist … asserts that democracy in Africa has been unsuccessful because elections have largely failed to produce a change in democracy” whereas, “ the 1999 elections in Nigeria and South Africa indicate that democracy can be sustained in Africa.” Finally in chapter four Egendorf contemplates the First World nations role in Third World countries. The topics of U.S. foreign aid, U.S.’s role in Africa and the United Nations’ role in third world countries. In regard to U.S. foreign aid, “J. Brian Atwood … argues that foreign aid has helped finance medical and agricultural advances that have led to decreased child mortality and greater crop yields.” On the other hand, “L. Jacobo Rodriguez … argues that, despite the claims of some foreign aid proponents. The postwar economic growth of Europe and Asia was not a result of U.S financial assistance.” Throughout the book Egendorf discusses many highly debatable topics regarding Third World countries and shows substantial evidence to prove both sides of each
To complete a Strengths Weaknesses Opportunities Threats (also known as SWOT) analysis presented to a developing country by globalisation, we must first understand the actual concept of globalisation itself. So how can we define this term? Joseph Stiglitz, a winner of the Nobel Prize defines Globalization as “the closer integration of the countries and peoples of the world ...brought about by the enormous reduction of costs of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and people across borders.” Hence, we can understand that globalisation can be described as an expanding global marketplace for the trading of anything from transport of goods internationally,
Explain the concept of culture. Why is it important to avoid ethnocentricity and gain cultural literacy?
The interrelation and the integration of people, companies, governments and nations can be described as globalization. Globalization was produced due to international trade and investments with the help of technology. In today’s world, globalization is very essential. Advancements and technology help the process needed for globalization. Many countries and organizations similarly are affected by this phenomenon, on the other hand, smaller countries have benefited from larger contributors to the world’s market.
Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)
Globalization is the increasing interconnectedness of people, places, and cultures throughout the world today. The effects of this homogenizing process that we call globalization can be seen in all aspects of life. From McDonalds being in almost every country, to the majority of North American clothes being made in periphery countries, to the technological ability that allows us to instantly communicate with people anywhere in the world, the effects are everywhere. Economically today, globalization has had both positive and negative effects around the world, with many similarities to colonization. Globalization has also led to increased poverty amongst the global periphery, and a specific group of winners and losers within this process of globalization.
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
Globalization is a global process that is changing the world. I would also like to discuss what are the benefits and drawbacks of globalization in the world from different perspectives.
Globalization has been a start of a new modernized era in history. The source states that as an individual you are given prosperity, stability, and also predictability, and also points out that it helps developing countries modernize and catch up with developed countries, and also reduce poverty since new businesses are formed allowing more employment in the country due to the subsidies that wealthier countries give to them. The person who wrote this source is a pro globalist, and has probably experienced the prosperity that was given to them because of the global trading system. His perspective on globalization suggests that globalization is the key to advancing technology, good relations between countries, and is beneficial event in history. One should embrace the global economy as it creates many roads to achieve your goals in your life, and also for the weaker countries that needs support, but to a degree that the government can intervene with the market.
Loss of group identity and individualism because globalization promotes a western ideal of individualism. This advocate a homogeneous set of values.
Peter Burnell and Lise Rakner 2008 Governance and Aid Conditionality in a Globalizing World. United States of America: Oxford University Press