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Globalization and its impact
Negative Impacts Of Globalization
Globalization and its impact
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In this final chapter of the text, the reader is provided with a few different theories on the “future of globalization”. I do not think that we are necessarily doomed to living in a “Mad Max” scenario, as presented in the reading. There seems to be a sense of uncertainty present, when looking at the ways in which theorists are projecting the future of globalization. The connection between the economy and globalization is an example of this, with the text describing how when the state of the economy is good, globalization tends to thrive as well (Ritzer & Dean, 2015, p. 441). In the “Mad Max” scenario, individuals are described as reverting back to “violent ways of life,” with society experiencing “ever-accelerating crises in the capitalist economy” (Ritzer & Dean, 2015, p. 442).
We have seen different trends in globalization over the past 50-100 years, with some periods being marked by economic prosperity (such as during pre-WWI U.S.), and other times of economic
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An increase in oil prices, battles over food where overpopulation has become an issue, declining supply of fresh water, and even nuclear wars are said to be the possible elements of a Mad Max society (Ritzer & Dean, 2015, p. 442). The authors do acknowledge that this view of the future of globalization is rather “extreme”, however, they suggest that elements of a Mad Max society have been present around the same time that various eras of globalization were changing (such as with the Great Depression). I interpret a Mad Max society as being characterized, also, by a significant increase in social inequalities, such as racism and sexism. If social structures, such as economic institutions are contributing to the chaos of Mad Max societies, it makes sense that social unrest would also occur. There would most likely be an impact on politics, as seen during the Great Depression with Franklin Delano Roosevelt’s New Deal
When reading Virilio’s Crepuscular Dawn one must define each concept to fully grasp the theories proposed in his book. Virilio states “globalization is the world becoming too small, and not too big” (p. 89). For one to thoroughly evaluate this quote one must first understand: What is globalization and what does it involve? How does speed contribute to this occurrence? What is speed? How this lead to escape velocity? What does escape velocity entail? And finally, what does globalization lead to and what danger does it pose? Only after defining these terms can an individual discover is the world is becoming enclosed.
As Americans we have to start to comprehend that the world around us is changing technologically, politically, and economically. In “The Last Superpower” an excerpt from the book The Post American World by Fareed Zakaria published in 2008. Zakaria emphasizes on these changes. Thomas Friedman the author of “The World is Flat” a piece from the book The World is Flat: A brief history of the twenty-first century published in 2005 also emphasizes on the same changes currently happening in the world. Zakaria and Friedman define these changes as globalization. The obvious common ground shared by both authors is their representation of globalization and the effects that it has and will continue to have on modern life. In contrast to sharing the same main topic both authors take a drastically different approach on how the relay their information to the audience. The differences displayed are mainly due to their personal and educational backgrounds, definitions of globalization as well as the individual writing styles of each author.
The globalization can be classified into three types of waves such as first wave, second wave and third wave. This globalization has a different period of time because it have different of factor that drive the changes to continues become better of globalization. First globalization happens in year 1870 until 1914. Globalization at this stage happens when decreases in tariff barriers and invented in new technologies to decrease transportation cost such as the shift from sail to steamships and railways. The first wave is ended by World War I and the increase in protectionism. Thereafter, the second wave happens in year 1945 until 1980. This type happens because decreases in transportation cost and specialization of manufacturing products in developed countries. This specialization of manufacturing products...
Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.
(Bilton et al 1996:5) The process of globalization has certainly had many changing effects to the world we live in; it has also changed the way many factors operate. Globalization is said "to have transformed the structure and scale of human relationships that social, cultural, political, and economic processes now operate at a global scale with a consequent reduction in the significance of other geographical scales. "(The Dictionary of human geography 2004:315) Globalization has had both positive and negative effects on a local, national, international and global level. Globalization often brings benefits at one level which cause negative effects at another, these results and the scale at which they manifest are often uncertain and unpredictable.
Science Initiative Group Institute for Advanced Study, 2007, Globalization: Trends and Prospects, Available from: http://sig.ias.edu/files/Egwang-_Welcome.pdf
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.
...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)
When referring to global commerce, the word globalization is often used. The word globalization is used to "describe the changes in societies and the world economy that are the result of dramatically increased trade and cultural exchange" (Wikipedia, 2005). In economic contexts, it refers almost exclusively to the effects of trade and particularly to "free trade". Since the travels of Marco Polo seven centuries ago, global economic integration, through trade, factor movements, and communication of economically useful knowledge and technology, has been on a generally rising trend (Mussa, 2000). During the past half century, the pace of economic globalization has been particularly rapid. This includes the reversal of the interwar decline. Globalization is not new, it has only changed.
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.
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 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.
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.
Economic globalization has changed the perspective on life today. More low class and middle class citizens are able to have access to food and shelter, unlike the past where high class citizens almost everything, while the low class citizens are living in harsh conditions. As many people have a good life, they are able to have a chance to develop advance our technology today. For example, transnational corporation like Facebook and Skype creates real-time conversations online, which is amazing compared to the past where it would take days or even weeks to communicate with the other person when they are somewhere else. Economic stability has been a problem in our economy since the Great Depression, but as we experience them we are able to learn from it and not make the same ...