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Impact of globalization in development
Negative impacts of globalization
Negative impacts of globalization
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Globalization is a new concept that was introduced to the world after the fall of the communist regime. Globalization has to its identity social, economic, and political reforms, .however the globalization that we are about to discuss is the term that combines the past socio-economic and political reforms and cross with them to the world where their are no boundaries, restrictions, and immobilization what Mittelman describes as ? cross-border flows of capital, knowledge, and consumer goods ? (Mittelman 1). For the world to become a one or a single entity it has to pass through a process of economic, and technological integration. The consequence of this unification is the aim of this research, positive and negative, although the negative aspects will be the dominating part. The friction's that arise due to the process of globalization are enormous, the burden of this process falls upon the countries, governments, and the actual citizens. The latter is the hardest to fall or we may say the one that will carry most of the burden no matter how the leaders justify this movement. The upraise of the global market lead to the division of the world in to three categories: first world country -developed -, second world country -communist-, and thirdly the third world country -developing-. Later this division was shifted to the first and the third divisions only. The attempts by the governments of the third world countries to become uniformly united with the first world countries is what lead them to step over its own sovereignty. How is that threat accompanied with globalization ? Globalization as mentioned before implies no borders especially to the flow of money and information resulting in a decrease in the autonomy of the governmental administration. The economic factors are guidelines for the governmental framework. And in a global market the investment within a country is not limited to its citizens, yet foreign investors do enter the market affecting the governmental policies as much as the citizens do if not to a higher level. The threat imposed by the foreign investors comes in the sense that the government is so dependent on their investment to the extent that if they take their investment else where will lead to the crash of the economy, this will lead the government to comply with all their demands. A good example of this is the As... ... middle of paper ... ..., political, and social sides. It will increase free trade, competition, and nation profits. But these benefits are going mainly towards the nations who have the highest interests in removing tariffs and trade barriers i.e. developed nations. On the other hand the developing countries which are the ones that have the greatest needs for progress and growth are the ones that will be hurt in the process of unification. This globalization trend is simply a new developed or we may say a good looking way to keep the exploitation of the third world countries going on. One may argue for the benefits of globalization for the developing countries, yet time will prove that its a new from of economic imperialism the I personally call Neo-Imperialism. Bibliography Amin, Samir. Capitalism In The Age Of Globalization. Zed Books. London,1997. Dunning, John. Governments, Globalization, and International Business. Oxford University presses. New York, 1997. Khan, Azizur. Employment Expansion and Macroeconomics Stability Under Increasing Globalization. Macmillan Press. London,1997. Mittelman, James. Globalization Critical Reflection. Lynne Rienner Publishers. Colorado, 1996.
The political aspect of globalization involves laws made with other countries to benefit one another for mutual security. A fitting example of this would be The North Atlantic Treaty Organization, also called the North Atlantic Alliance (NATO). It is an intergovernmental organization founded for the purpose of a military alliance for overall safety of the countries involved. This allows the countries involved to become more interconnected and this might be the main aspect that concerns people and organizations against
The major lasting impact of human mobility across borders and across cultures is the rise of the western domination and exploitation of cultures; and which now manifests itself globalization. In this essay I seek to explain the cultural values which made western domination possible and the impact this culture, once globalized had on ecosystems. The supremacy was the product of cultural forces which were favorable to European domination, and on the part of conquered peoples, their biological susceptibility to European diseases. The cultural tradition of Western Europeans favored travel and exploration, the possession of technologies as well as a judgment system which based the value of a culture on it's technological capabilities. From an evolutionary perspective, Europeans harbored stronger disease strains than the cultures they came in contact with, particularly in the Americas; the resulting spread of illness and death among susceptible peoples gave Europeans a huge window of opportunity in which to perform their cultural imperative, which was world dominance. The ramifications of travel are a combination of cultural and environmental results. The environmental effects of travel supercede the purely ecological disruptions of forests, rivers and wildlife, and encompass the spread of cultural values and ideas about the environment and their establishment.
Parenti, M, (1995) Against Empire, City Light Books, Ch. 1 ~ A concise account of the conversion to a global economy and the history of imperialism
But on the positive side of it, globalization has allowed developing countries to share ideas with developed countries and work together with developed countries to improve their standard of living.
After the cold war, word ‘globalization’ was commonly used at a time of unprecedented interconnectedness when advanced nations experienced a ruthless development by exploiting energy resources and stressing culture forms in developing countries. To identify the definition of ‘globalization’, it is significant to clarify its appearance as well as implication.
Globalization assists in the diminution or eradication of constraints by States in relation to exchanges across borders. Further to this, the said diminution and eradication of State border constraints kindles an increase and integration of multifaceted global systems of production. This has ultimately led to improved levels of exchange of goods and services. Thomas Friedman is of the opinion that globalization is a growing phenomenon and with that will have enormous influence in the business organization and practice just like globalized trade, outsourcing, supply chaining and political forces have had in the past (Friedman, 2008). Globalization can thus b...
Now, before I bash globalization it is some positive I would like to discuss. Globalization is great for the American economy; we can supply the world with our goods and services, which in turn can possible, relieve the deficit we’re in. “Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services.” (Buzzle) Also, globalization leads to better relations between countries when they create trade agreements. Globalization does not drain every under-developed company but brings a new era of economic change and the hope of being a world super power to certain nations. “Economic globalization gives governments of developing nation’s access to foreign lending. These funds are used on infrastructure including roads, health car...
Globalization can briefly be defined as ‘something’ that affects and changes the traditional arrangements of the state system. It is a term that directly implies change and therefore is a continuos process over a long period of time as compared to quickly changing into a wanted or desir...
Globalization on a broader scale, is an integration act, involving cultural, mental, political as well as economic aspects of a person, among countries. It is mostly limited to, economic integration, associated with movement of people, exchange of technology and information, trade as well as financial flows. . This is practice is clearly miles ahead, as demonstrated by the ever increasing capital flows in the world economy as well as the level of importance, the world economy has. As a result of globalization, tremendous pressure is on the nations to keep up with its demands and this has had a lot of consequences. Some pundits will tell you that these effects are only economic based,
Globalization is the new notion that has come to rule the world since the nineties of the last century with the end of the cold war. The frontlines of the state with increased reliance on the market economy and renewed belief in the private capital and assets, a process of structural alteration encouraged by the studies and influences of the World Bank and other International organisations have started in many of countries. Also Globalisation has brought in new avenues to developing countries. Greater access to developed country markets and technology transfer hold out promise improved productivity and higher living standard.
The process of globalization allows the global market to include products and services from all the companies around the world, including all the investments that are across national borders. Indeed, many American companies have taken their merchandise, manufacturing and services to invest in other countries. However, this has produced a negative effect on the global economy. American companies who invest in other countries produce an economic deficiency for the country, similarly companies that invest in other countries produce a loss in the global economy that affects the citizens of the whole world.
Colonialism was a concept of superiority of one territory over another; it was a concept that originated centuries ago. Colonialism had been put into action throughout a long line of history and did not end after World War II in 1945. Even with resistance and efforts from independent states after the war, colonialism did not disappear and continued as a dominant system. It remained and changed its form, resulted in the process of globalization, which continued to control over newly independent states following World War II. Globalization, a form of colonialism, maintained power for the system over states or regions through economic terms with the development of the World Bank, and its derivation of structural adjustments. This financial institution was formed and contributed to colonialism; it assisted in the economic affairs of colonized nation(s). Along with class, professor Manfred B. Steger's book, Globalization: A Very Short Introduction, and I.B. Logan and Kidane Mengisteab's article, "IMF – World Bank Adjustment and Structural Transformation in Sub-Saharan Africa," discussed the indirect rule of colonial powers through globalization.
In the recent years globalization has begun to appear as one of the most predominant issues in the world. The term ‘is generally used when discussing the technology and advances in an assortment of areas including, but not limited to, everything from technology to capital. The main aspects that comprise globalization are debatable. Throughout this essay, globalization will be explored as a recent social change in our society as it relates to incorporating economic relations and incorporations political relations around the world, despite the fact that this change is often portrayed as a problematic and unequal one of the restrictions of mobile subjects and connectivity. To begin my segment, I’ll begin to discuss on some of the most important definitions of globalization. Lastly, I’ll begin to investigate the imbalanced and difficult practices that make up globalization.
Globalization is one of the main aspects in the 21st century. Globalization has brought the world closer; all the things that are happening nowadays are recognized globally even if they happened locally (Buckley). According to Nayef Al-Rodhan GCSP (Geneva Centre for Security Policy) globalization is not a single word or concept. It contains many other concepts within itself. Globalization is composed of different concepts like incorporation regarding the economics, transmitting information or understandings, stability within beliefs, and other concepts (Al-Rodhan p.3). This paper deals with the definition of Globalization, the advantages and disadvantages of globalization, and based on these information the views that to which extend the globalization is beneficial for majority of the world's population. The concept of globalization has changed the whole shape of the world. It has both its positive and negative impacts on people's life. However, by taking both the advantages and disadvantages into consideration we can find that to a large extend globalization is beneficial for majority of the world's population. With the help of globalization the works that were difficult in past is getting easier in today's environment. People are getting closer to each other, which is a product of globalization. Moreover, the knowledge and informations are being circulated in very good way which is a very good sign for having a good and prosperous life.
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.