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In the field of human rights, the issues surrounding globalization are widely debated. Some argue that globalization is a scourge that destroys the unique and multifaceted cultures of the world; while others argue that it spreads universal ideals, such as the concept of human rights. Regional organizations fit into the idea of globalization by creating unifying ties between nations; sharing values, trade, and promoting a strengthened identity. The two most well-known and influential regional organizations are the European Union (EU), and the North American Free Trade Agreement (NAFTA). While these two are the largest, they inspired many smaller organizations; a process which has increased the liberalization of international trade (Ardalan, 2).
Regional organizations are distinct from the ideas of a supranational government or the formation of a nation-state, although common policies may be implemented through the enforcement of treaties; each state ultimately maintains governmental control (Ardalan, 5). Regional organizations, refers to organizations that extend across regional areas, they often have strong ties to political and economic areas, and can influence the member states within their boundaries. Globalization denotes both a process and an outcome, created by the sharing of values and technological advances shared internationally.
Relationships between member-states are enhanced, such as by the advent of a common currency, such as 18 states of the European Union that use the Euro (European Commission). Values are spread throughout regional organizations, once again we can look to the European Union, to see how socialized schooling once found in some member countries was dissolved to conform to the desired standard, ...
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...peace operations. Global Governance, 19(3), 377+. Retrieved from http://go.galegroup.com.libproxy.wlu.ca/ps/i.do?id=GALE%7CA341129378&v=2. 1&u=wate18005&it=r&p=AONE&sw=w&asid=7ba9d7d00b335ed7392305169958 593b
Legler, T. F. (2012). The shifting sands of regional governance: the case of Inter-American democracy promotion. Politics & Policy, 40(5), 848+. Retrieved from http://go.galegroup.com.libproxy.wlu.ca/ps/i.do?id=GALE%7CA309727752&v=2.1&u= wate18005&it=r&p=AONE&sw=w&asid=820ae530c5fee2f671440f99e21dbb46 Nagheli, S., Nagheli, E., & Sadeghi, B. (2013). The impact of foreign direct investment and regional integration on poverty reduction case study: D8 countries. Advances in Environmental Biology, 1412+. Retrieved from: http://go.galegroup.com.libproxy.wlu.ca/ps/i.do?id=GALE%7CA347003716&v=2.1&u= wate18005&it=r&p=AONE&sw=w&asid=c7dfc8771eaf17febe13d068035b0240
I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global market.
According to Hill, regional economic integration refers to "agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other." The prevailing economic argument for regional economic integration is that it creates economic synergy by allowing each country to focus only on what it is most efficient at producing.
“The world is a global village”, is a metaphor that was coined by the Canadian scholar Marshall McLuhan to describe the perceived experience of a smaller world resulting from the effects of modern technology, faster communication and improved transportation, despite geographical boundaries (1). The various processes that have produced this phenomenon can be called globalization. There are many definitions of the term globalization; Delbruck 1993 defined globalization as "a process of denationalization of markets, laws and politics, in the sense of interlacing people and individuals for the sake of common good"(2). Fidler 1996 aptly described globalization as a complex process of, “political and economic intercourse between different sovereign states” on the premise that such interdependence will result in states being better off and as such building stability, peace and order in the international scenario(3). Globalization has resulted in a gradual erosion of the traditional distinction of national and international activities through political, social and economic interaction between different countries, leading to a fusion or overlap of domestic and foreign policies(4). However, globalization differs from internationalization, the latter referring to a process where each country attempts to fulfil their national interest by co-operating with other countries in areas where they are incapable of achieving desired outcomes on their own(3) . Its key points are co-operation between states, while preserving sovereignty. Globalization on the other hand entails co-operation and undermines the sovereignty of nations.
After WWII, many politically influential people saw a need to create some form of interdependence between the nation states of Europe as a means to preventing further war (Watts, 2008: p6). In 1951 Germany, France, Italy, Netherlands, Belgium and Luxembourg all signed the Treaty of Paris creating the European Coal and Steel Community (ECSC); the beginnings of an integrated Europe which has seen many changes since its creation (Thody, 1997: p1). Today it has become the highly integrated European Union with 28 member states, 18 of which share a single currency (Archick, 2014: p1). The process of EU integration is a complex one, as can be seen in its history and will surely be seen in its future. There is no simple explanation that can successfully explain the growth of the EU from a economic community of six nation states to the political and economic union it has become today. However there are two competing theories for explaining EU integration that give opposing views on the matter, neo-functionalism and intergovernmentalism. In this essay I will examine both theories and attempt to reach a conclusion if either successfully explains EU integration.
Foreign direct investment policies in different countries influence the investment into business in a nation by a company of an alternative country.
“From time to time it is worth reminding ourselves why twenty-seven European nation states have come together voluntarily to form the partnership that is the European Union.” 1
“The process of globalization and the increasing role of non-state actors in global governance are undermining the role of the state as the principal actor in global policymaking.”
CAFTA, the Central America Free Trade Agreement, or commonly known as the Dominican RepublicCentral America Free Trade Agreement (DR-CAFTA), is a free trade agreement. In international trade, free trade is an idealized market model, often stated as a political objective, in which trade of goods and services between countries are not hindered by government imposed tariffs (taxes on imports) or non-tariffs (Wikipedia, 2007).
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.
There is an undeniable fact that there has been a rise in globalization. It has become a hot topic amongst the field of international politics. With the rise of globalization, the sovereignty of the state is now being undermined. It has become an undisputed fact that the world has evolved to a new level of globalization, the transferring goods, information, ideas and services around the globe has changed at an unimaginable rate. With all that is going on, one would question how globalization has changed the system that is typically a collection of sovereign states. Do states still have the main source of power? What gives a state the right to rule a geographically defined region? It is believed by many that due to the introduction of international systems and increasing rate of globalization, the sovereignty of the state has been slowly eroded over time. My paper has two parts: First, it aims to take a close look at how globalization has changed the way the economy worked, specifically how it opened doors for multinational corporations to rise in power. Second, to answer the question, is it possible for it to exist today? And even so, should it?
Globalization encourages worldwide business. Globalization is an efficient process by which all the nations of world will commonly try to set regular universal standards & regulations (both created & recommended) which will encourage business around different nations. Business around nations or elements crosswise over different fringes is called universal business. Economic globalization The expression "globalization" is generally utilized as a part of business rings and matters of trade and profit to depict the expanding internationalization of businesses for merchandise and administrations, the budgetary framework, companies and commercial ventures, innovation, and rivalry. In the globalized economy, partitions and national points of confinement have liberally diminished with the departure of tangles to market access.
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 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 can be defined as the international incorporation which results from the exchange of products, culture, ideas, and worldviews. It may also be defined as the increased flow of people, information, and goods across international boundaries. Increase in transportation and the internet has brought about an increase in globalization. Three different forms of globalization dominate the world which are; economic globalization which is the rise in the economic dependence of national economies all over the world due to a rise in to and fro movement of technology, capital, and service from one country to another, political globalization which is different government sectors using the same method, practice, and ideology, and social globalization which involves the unceasing spread of religious beliefs and ideals, whether by the use of soft means such as persuasion or by the use of force. Some individuals and social groups resist globalization because they belief that globalization would destroy their culture and their natural environment, bring ...
Although, international organizations are largely influenced by the powerful states they contain and reflect those states’ interests, international organizations provide essential forums for communication, and encourage education of new international norms, which in turn, shape the interests and behaviors of states.