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Globalization and its merits and demerits
Effect of globalization on society
Globalization and its merits and demerits
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Salma Abdel Samie Mr. Christopher Trammel History 9A May 5 2014 Globalization Globalization, the acceleration and strengthening of worldwide interactions among people, companies and governments, has taken a huge toll on the world, both culturally and economically. It’s generating a fast-paced, increasingly tied world and also praising individualism. It has been a massive subject of matter amongst scientists, politicians, government bureaucrats and the normal, average human population. Globalization promoted the independence of nations and people, relying on organizations such as the World Bank and also regional organizations such as the BRICs that encourage “a world free of poverty” (World Bank). Despite the fact that critics can argue that globalization is an overall positive trend, globalization has had a rather negative cultural and economic effect such as the gigantic wealth gaps and the widespread of American culture, “Americanization”; globalization had good intentions but bad results. The structure of global economy is an evidently dependent structure, depending on several aspects of the government to power its economy and keep it running reliably. The cycle goes on between the government, firms, product markets, resource markets and finally households. Looking at the government, they provide public goods and services to the firms and households and welcome taxes from both aspects. Differently, they make payments to the resource markets, receiving resources in return, and provide prices for the product markets receiving good and services in return. Moving to the firms, they offer wages, interests, rents and profits to resource markets benefiting of their resources production in return and goods and services to product... ... middle of paper ... ...ney, natural resources and causing more problems than providing solutions but globalization didn’t only reach the world in an economic approach but also a cultural one. What is culture? Culture is identity; it’s the indigenous or non-indigenous ideology, habits, customs, appearances and beliefs that people are either raised by or adapt to from different nations surrounding. It is a network of knowledge shared by a group of people. Culture consists of configurations, explicit and implicit, of and for behavior obtained and spread by symbols establishing the distinctive achievement of human groups including their embodiments in artifacts; the vital core of culture consists of traditional ideas and especially their attached values. Culture systems may, on one hand, be considered as products of action, and on the other, as conditioning influences upon further action.
Kofi Annan, a UN diplomat, once said,“...that arguing against globalization is like arguing against the laws of gravity.” He is undoubtedly correct in this assessment. Indeed, globalization is no longer something to be skeptical of, it is very real and is changing our world exponentially. The affects of globalization, however, continue to be a heated topic for debate. Proponents praise the overall economic lift provided by free trade, the diffusion of cultures, and the spread of democracy and capitalism. Critics cry foul at the loss of national identity, the accelerated and uncontrolled use of natural resources, and the redistribution of wealth into the hands of a few very powerful people and corporations. Globalization is a polarizing topic and it has affected people in different and varying ways. I looked back over my life, looking for personal experiences that represent the affect of globalization upon my life. It is difficult to pinpoint exact experiences, but it is clear the broader affects globalization has had on my life such as in the spread of cultural practices such as yoga or foreign entertainment, or the rapid demise of the Midwestern manufacturing industry.
Culture is the characteristics of a particular group of people, defined by everything from language, religion, cuisine, social habits, music and arts. It is the invisible bond which ties people together. Different people in different societies have different cultures. The culture varies in different things such as clothes, foods, religion and many others. Culture is the identity of a group of people living in specific place; they have their own sketch of life what the culture says they follow that. For example, on the occasion of wedding, and some other celebrating days they follow strictly their culture. Several cultures include: Chinese culture, Greek culture, Egyptian culture, African culture, Gothic culture and American culture.
According to the Cambridge Dictionary Culture id defined as »the way of life, especially the general belief and custom, of a particular group of people at a particular time.« (1) Culture also can be defined as the total body of tradition which born by a society and transmitted from one generation to another generation. It thus refers to the language, norms, symbols, values and standards by which people act. It is that complex whole which involves law, custom, morals, art, belief, knowledge and any other habits and capabilities which acquired by a member of society. According to the Center for Advanced Research on Language Acquisition(CARLA), culture is illustrated as the shared pattern of interaction and behavior, affective understanding and cognitive construct which is learned through the socialization process.
Globalisation has become a definition primarily linked to its impact on economic growth, income inequality, and its effect on employment whereby Uchitelle (2005 p.3, as cited in Elijah, 2007) regards the concept a “rootless process of constantly moving jobs to low-wage countries”. Other authors (preble, 2010; Lee & Vivarelli, 2006) relate the term with economic integration and trade liberalisation.
Due to the multidimensionality of the notion of globalisation, its economic, social, political and cultural impacts are often debated across sociologists around the globe. The litmus test for each emerging theory is a set of domain questions which will reveal the sphere and boundaries of each theory. Domain questions include ‘When did globalisation begin?”, “Does globalization refer to a process?’ and the relevance of modernity and post modernity with Globalisation process. How different theorist will approach these domain questions will depict various ways in which the social phenomena is understood and explained amongst the sociologist (Chirot and D. Hall, 1982). The essay will focus on two largely recognised theories of Globalisation that propose the thesis that Globalization is understood and explained differently across time and space by theorist who believe their perspective answer all the world’s curiosity, however each theory has its own limitations and disadvantages.
In this issue, the International Monetary Fund Staff and Nacy Birdsall explain and debate the impact of globalization on the world economy. Globalization essentially means that the world is interacting more. From an economic standpoint, it means that global trade and international investment have grown exponentially while tariffs have decreased. Free trade is encouraged, particularly by the US, in the hopes of maximizing profits for all countries involved. The US even helped to found the IMF.
Culture as defined by the Webster’s dictionary the 2007 edition, is the integrated pattern of human knowledge, belief and behavior that depends upon man’s capacity for learning and transmitting knowledge to succeeding generations. It is also the customary beliefs, social forms, and material traits of a racial, religious or social group. Since, we are social beings, our knowledge, beliefs and behavior are acquired from the social group we live in. We have inherited our ancestors’ discoveries, beliefs and customs which have been gathered and altered by generation after generation and to which we will add up new elements for the generations to
What is culture? Culture refers to the cumulative deposit of knowledge, experience, beliefs, values, attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of the universe, and material objects and possessions acquired by a group of people in the course of generations through individual and group striving
The term “culture” refers to the complex accumulation of knowledge, folklore, language, rules, rituals, habits, lifestyles, attitudes, beliefs, and customs that link and provide a general identity to a group of people. Cultures take a long time to develop. There are many things that establish identity give meaning to life, define what one becomes, and how one should behave.
The opening of world markets and the virtually unbound circulation of goods, information and resources have presented a double edged sword. Stevens (2007), defines globalization as, "a process of worldwide integration through the movement of goods and capital, expansion of democratic institutions and human rights, access to information, and migration of people (p. 1). The impact of globalization is visible in political, social and economic systems the world over. The rapidly changing landscape of the world, promulgated by political and commercial interests contributed to the multitude of factors that perpetrated financial, political and social degradation in many parts of the world. As a result, conflict, exploitation of the natural resources,
Globalization is the continued interaction between nations, regional economies, cultures and societies. The invention of better transport and communication has brought individuals and communities closer. Also, globalization has made international trade and human interactions easy, meaning that people from different areas can be neighbors. There is no country that is self-sufficient in all aspects. However, nations can obtain resources from other areas where they are available. This concept is what gave rise to globalization. Globalization is associated with negative and positive effects on all aspects of life. This research paper defines globalization, explores
Whether we realize it or not globalization has impacted the lives of individuals around the world. Globalization is described in our textbook as “the increasing interconnectedness of peoples and societies and the interdependence of economies, governments, and the environment” (p 3, Daniels, Joseph P.) Because of this increasing interconnectedness and interdependence of economies it is not surprising that aspects of our everyday lives. Not only has globalization shaped things you might expect such as career options but it has also shaped things you may not have expected such as cultural norms and gender roles.
Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.
Globalization contains various aspects of meanings, it is a spontaneous, uncontrolled process of ever more intense integration of the world’s countries in a single economic system. According to the definition of the word of ‘Globalization’ by the International Monetary Fund (IMF), the globalization is a developing economic interdependence of countries globally as the consequence of the increasing volume and nature of tariff transaction in goods or services. Moreover, the development of advance technology makes it more easier for people to communicate world-wide ( via the Internet, international video phone calls, E-mails etc.)，and the transportation of distribute goods between different countries are much cheaper and faster than it was before the 90s of last centuries (when the trends of globalization was not commonly widespread on a global stage). The globalization is also the continuous stream of information that may bring the changes to all social processes, and a transformation of time and space. It not only changes the world’s economy situations, but it also have a huge impact on people’s daily lives world-wide. Therefore, because of the development of globalization, new norms, rules and regulations were made. International business occurred, organizations for international business both governmentally or non-governmentally (WTO for instance).
Culture is the totality of learned, socially transmitted customs, knowledge, material objects and behavior. It includes the ideas, value, customs and artifacts of a group of people (Schaefer, 2002). Culture is a pattern of human activities and the symbols that give these activities significance. It is what people eat, how they dress, beliefs they hold and activities they engage in. It is the totality of the way of life evolved by a people in their attempts to meet the challenges of living in their environment, which gives order and meaning to their social, political, economic, aesthetic and religious norms and modes of organization thus distinguishing people from their neighbors.