Globalization 3.0
Globalization has been long argued to be the cause of many problems within the world, while this is true it is also incorrect at the same time creating a paradox that takes careful analytical examination. In the world we live in today, we are in what some have called the third Globalization event of humanity. What is globalization and how does this affect the world as a whole? Through the analysis of text covered in class and outside readings, I will attempt to answer this and explain how globalization is affecting the world, and what it will mean in the long term for humanity and society as a whole.
Taking the example of globalization as used in the work of Mr. Barber we can see that the globalization that is occurring at this period in time is not the same as it has been in previous generations or even periods of advancement in prior terms of globalization. We are experiencing a corporatizing of the world as we know it in this new era of globalization, where in the past it was just a major joining of countries or ideas to better serve one another in information or economics it is now a corporate juncture to gather as much financial benefit as possible by eliminating all small independent companies and shops. We are experiencing a “McWorld” as Barber would say. This implies a joining of multinational organizations to further their profits by expanding and conglomerating into a monopoly simultaneously. The argument he provides is that there are two types of societies in the modern world, those who have joined onto the “McWorld” model and those who have not, “Jihad”. While the term Jihad has traditional implications in religion, Muslim, it is only defined as a struggle within oneself to b...
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... decide whether we are content with the ability to have anything and everything at the touch of our fingertips as we lose our self-identity and freedoms to corporations and the powers they are able to control with lobbying and financing of brutal regimes. Alternatively, will we adopt a new way of living that is more ecofriendly, cultural independent, and ultimately is more difficult? I for one say we need less information technology and dependence of here and now life style and save our cultures, environment, and society as a whole by not engaging in big corporations purchases and more buy local policy to help out our communities before it is a scenario where in we face total annihilation at the hands of big governments and corporations that seek to undermind the public and destroy our planet for long term survival by bringing us all “A little closer together.”
From an average American's perspective, globalization is a win-win situation for everyone involvedt. But we fail to see the other end of this situation, where lower-class families around the world are faced with troubles. In countries such as Indonesia and India, American companies purposely set up factories and take advantage of the population by giving them wages below minimum wage to manufacture their products. Families are forced to send their children to work in these factories in order to make enough money to survive. When there is only enough money to put food on the table, living conditions are poor and necessities such as clean water are not as available as they are for us Americans. In other countries such as Colombia, the drug trade is prevalent everywhere and is used as a source of income for many farmers who only want to produce crop for money so their families can prosper. Billions in Aid is given from the U.S government to find a different crop to use but nothing is accomplished as drug shipments continue to come in to America and drug crops are still being produced. If we are ever going to make Globalization beneficial for all, there must be a universal effort to employ laws to protect the lower class who can't afford to protect themselves.
The essay, “The Noble Feat of Nike” by Johan Norberg basically talks about the effects of Nike going into third world countries, particularly Vietnam. Norberg explains how Nike’s factory gains from being in its desired location, Vietnam. Vietnam being a communist country comes to Nike’s advantage, because if they were located elsewhere they would have to pay workers higher wages and use more of their machines. Workers in these countries are provided with an air conditioned building with regular wages, free meal plans, free medical service, and training/education to operate the machinery within the factory. The workers find all of this beneficial and in their own favor because of the fact their earning double to five times the amount in wages than if they were working outdoors on a farm. This great deal, blinds them to notice the meaning behind the company’s location in Vietnam. The Nike factory was rather clever in making their location in that specific area to gain benefits for Western owners. The catch Nike gains from is simple. The owners pay factory workers only a small monthly sum from what they make selling the shoes to customers. Globalists state that the company doesn’t pull this fast one on the Western population because of our advancements compared to the Eastern countries. Western people would protest and strike to demand better wages for their work, but the people in Eastern countries have no choice but to deal with the injustice in order to support their families and educate their children.
When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.
Globalization is the term used to describe the extensive economic ties between the world's nations. The fluctuation that is due to the interconnections between production and trade affects the entire world's economy. This intern has influenced the United States economy along with the income and wealth inequality. The majority of the wealth in the united states is held by the top one percent also known as the power elite. They have the means to control the US economy, media, and government. The power elites have created an economy in this country that it is almost impossible to move up the social classes. They have made it so that the wealthy continue acquiring wealth and the poor stay within their social class, which allows them to exploit
Globalisation involves the removal of trade barriers and the increasing integration between economies. Singapore had taken advantage of opportunities provided by globalisation by increasing world trade, strengthening economic integration, lowering costs and raising productivity. Singapore is a newly industrialised economy and one of the five founding members of ASEAN. Singapore, like many nations imports goods which include machinery and equipment, mineral fuels and chemicals, and exports goods such as machinery and equipment, pharmaceuticals and refined petroleum products to its various trading partners like Malaysia, Hong Kong, China and Indonesia making it the 14th largest exporter and 15th largest importer. Figures 1-4 demonstrate the imports and exports by commodity. Singapore has a GDP of $274.7 billion and a growth rate of 1.8%. Its current unemployment rate is 1.8% and its inflation rate is 4.5%.
...o we can achieve our dreams in life: “we are now living in a world where time and space don’t matter anymore” just like J.Mittleman said. Globalization as we just learned is relative, whether it’s an opportunity or an exploitation depends on where you sit and how you look at the world. Kent, J., Kinetz, E. & Whehrfritz, G. Newsweek. Bottom of the barrel. - The dark side of globalization (2008/March24). David, P. Falling of The Edge, Travels through the Dark Heart of Globalization..Nov 2008. (p62)
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.
Just imagine waking up in squalor, a once prominent society, now a desolate wasteland. All because foreign interest has raped your land of its natural resources and you seen not a cent in profit. Although, globalization is unifying the worlds developed nations and is bringing commerce to nations that have struggle in past years. True, globalization has many positive effects but do the pros outweigh the cons. In this essay I will discuss Globalization ruining the integrity of many countries and also is forcing many undeveloped nations into a bind, and is causing economic distress on some developed nations. Also, due to economic globalization the nations of the world are diluting their culture, sovereignty, natural resources, safety and political system. My goal is not to change your way of thought, but only to enlighten you of the negatives of global economic expansion.
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.
Using 1997 financial crisis and other examples, discuss how globalization is important to the modern business journalism. Introduction
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.
Economic globalization has become the buzzword of the last two decades. It refers to the free exchange of goods, services, labor as well as capita among multination with little regard for distances and borders. This phenomenon, indeed, leads to various changes in most aspects in our society, especially social diversity. Economic globalization leads to the gap between rich and poor, the diversity in ethnicity and the enhancement in cultural identities.
"Globalization is a process of world shrinkage, of distances getting shorter, things moving closer. It pertains to t...
Are we sure to use technology to achieve a better life, to help to ease our work, to be more safe fast and efficient? Or is technology the one who is shaping our society, towards a fast process of globalization where we loose our cultural identity in name of progress and a better life? When technology becomes a product of mass consumption this is a legitimate question. Can we switch off our computer, our mobile and TV set and still consider ourselves not disconnected from the rest of the world? Maybe not, maybe technology already as the power to change our life and like one of Nam June Paik's robots we are already half men and half machine.
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.